A Financial Advisor in Toronto, Ontario earns an average salary of C$49,726 per year. Most people move on to other jobs if they have more than 20 years' experience in this field. Skills that are associated with high pay for this job are Financial Analysis, Investment Planning, and Sales.

C$37,594 - C$69,154
C$38K
C$50K
C$69K
MEDIAN: C$49,783
10%
50%
90%
C$12.60 - C$25.84
C$13
C$17
C$26
MEDIAN: C$17.15
10%
50%
90%
C$0C$77K
Salary C$37,594 - C$69,154
Bonus C$1,474 - C$15,000
Profit Sharing C$0.00 - C$9,787
Commission C$10,000
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$35,593 - C$77,728
  • Country: Canada
  • Currency: CAD
  • Updated: 13 Jan 2018
  • Individuals Reporting: 204
Hourly Data C$0C$25
Hourly Rate C$12.60 - C$25.84
Annual Data C$0C$77K
Bonus C$1,474 - C$15,000
Commission C$10,000
Profit Sharing C$0.00 - C$9,787
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$35,593 - C$77,728
  • Country: United States
  • Currency: CAD
  • Updated: 13 Jan 2018
  • Individuals Reporting: 15

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.

Popular Employer Salaries for Financial Advisor

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 76 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$60,000 based on 30 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$61,000 based on 29 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$71,000 based on 9 salaries.

Key Stats for Financial Advisor

Gender

Female
32 %
Male
68 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 18 votes.
Less than 1 year
6%
1-4 years
55%
5-9 years
16%
10-19 years
20%
20 years or more
3%

Experience Affects Financial Advisor Salaries

Late-Career
▲40%

▲20%

▲18%

National Average
C$51,000

▼10%

Skills That Affect Financial Advisor Salaries

Financial Analysis
▲30%


▲11%


▲3%

National Average
C$51,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 18 votes.

Gender

Female
32 %
Male
68 %

Years of Experience

Less than 1 year
6%
1-4 years
55%
5-9 years
16%
10-19 years
20%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 74%
vision benefits
Vision: 58%
no benefits
None: 14%