The average salary for a Financial Advisor in Edmonton, Alberta is C$49,123 per year. Pay for this job rises steadily for more experienced workers, but goes down noticeably for the few employees with more than 20 years' experience.

C$38,813 - C$68,288
C$39K
C$50K
C$68K
MEDIAN: C$49,904
10%
50%
90%
C$0C$73K
Salary C$38,813 - C$68,288
Bonus C$1,223 - C$15,304
Profit Sharing C$1,000
Commission C$27,500
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
C$39,653 - C$73,958
  • Country: Canada
  • Currency: CAD
  • Updated: 18 Jan 2018
  • Individuals Reporting: 69

Job Description for Financial Advisor

Financial advisors work primarily for financial institutions such as banks, mutual fund companies, and insurance companies. Generally, they work with individuals or institutional clients to assess their financial needs and help them achieve financial goals, such as choosing investments (money market, real estate investments, stocks and bonds), and they also explain tax laws relevant to certain investments and help with insurance decisions.

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Financial Advisor Tasks

  • Interview clients and gather information to determine strategies for financial investments.
  • Prospect and maintain clientele.
  • Recommend and sell financial plans and products that will help meet financial goals.

Financial Advisor Job Listings

Pay by Experience Level for Financial Advisor

Pay by Experience for a Financial Advisor has a positive trend. An entry-level Financial Advisor with less than 5 years of experience can expect to earn an average total compensation of C$46,000 based on 21 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Advisor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of C$54,000 based on 8 salaries. An experienced Financial Advisor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of C$66,000 based on 9 salaries. A Financial Advisor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of C$57,000 based on 5 salaries.

Key Stats for Financial Advisor

Gender

Female
52 %
Male
48 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 5 votes.
Less than 1 year
8%
1-4 years
51%
5-9 years
23%
10-19 years
8%
20 years or more
10%

Experience Affects Financial Advisor Salaries

Experienced
▲27%

Late-Career
▲10%

▲4%

National Average
C$52,000

▼12%

Skills That Affect Financial Advisor Salaries

▲3%

National Average
C$52,000


Investment Planning
▼2%

Financial Analysis
▼17%

Insurance
▼19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 5 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
8%
1-4 years
51%
5-9 years
23%
10-19 years
8%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 81%
dental benefits
Dental: 75%
vision benefits
Vision: 53%
no benefits
None: 16%