Average Financial Advisor Salary

$58,272
Avg. SalaryShow Hourly Rate
$9,614
Bonus
$29,105
Commission
$4,850
Profit Sharing
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The average salary for a Financial Advisor is $58,272.
10%
$36k
MEDIAN
$58k
90%
$106k
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United States (change)
Salary
$36k - $106k
Bonus
$2k - $34k
Profit Sharing
$970 - $21k
Commission
$5k - $175k
Total Pay
$37k - $139k

Your Market Worth Over Time

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Job Description for Financial Advisor

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.

Job Satisfaction for Financial Advisor

4.1 out of 5
(609)
Highly Satisfied
56Reviews
The top respondents for the job title Financial Advisor are from the companies Edward Jones, Merrill Lynch & Co Inc and Ameriprise Financial, Inc.. Reported salaries are highest at The Vanguard Group where the average pay is $59,188. Other companies that offer high salaries for this role include Morgan Stanley and Merrill Lynch & Co Inc, earning around $58,354 and $57,455, respectively. AXA Advisors LLC pays the lowest at around $30,671. The Northwestern Mutual Life Insurance Company and Edward Jones also pay on the lower end of the scale, paying $47,742 and $48,598, respectively.

Financial Advisor Job Listings

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Popular Skills for Financial Advisor

Skills in Financial Advisor, Client Interaction, Investment Planning and Investment Management are correlated to pay that is above average. Skills that pay less than market rate include Customer Relationship Management (CRM).

Pay by Experience Level for Financial Advisor

An entry-level Financial Advisor with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $47,345 based on 539 salaries. An early career Financial Advisor with 1-4 years of experience earns an average total compensation of $51,664 based on 1,814 salaries. A mid-career Financial Advisor with 5-9 years of experience earns an average total compensation of $66,582 based on 906 salaries. An experienced Financial Advisor with 10-19 years of experience earns an average total compensation of $77,110 based on 891 salaries. In their late career (20 years and higher), employees earn an average total compensation of $83,168.
Employees with Financial Advisor in their job title in New York, New York earn an average of 30.2% more than the national average. These job titles also find higher than average salaries in Boston, Massachusetts (10.4% more) and Chicago, Illinois (6.9% more). The lowest salaries can be found in Houston, Texas (12.0% less) and Charlotte, North Carolina (0.4% less).

Years of Experience

This data is based on 4,591 survey responses.
Entry Level
11.7%
Early Career
39.5%
Mid Career
19.7%
Experienced
19.4%
Late Career
9.6%