$58,722
Avg. Salary
$17.70
Avg. Hourly Rate

Average additional compensation:

$9,635

Bonus

$4,890

Profit Sharing

$30,717

Commission

What am I worth?
How should I pay?

The average pay for a Financial Advisor is $17.70 per hour.

The average pay for a Financial Advisor is $58,722 per year.

10%
$12.07
10%
$17.70
50%
$30.63
90%
90%
MEDIAN $17.70
10%
$35k
10%
$59k
50%
$123k
90%
90%
MEDIAN $58,722
$34,702 - $122,635
$35K
$59K
$120K
MEDIAN: $58,722
10%
50%
90%

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$12.07 - $30.63
$12
$18
$31
MEDIAN: $17.70
10%
50%
90%

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$0$209K
Salary $34,702 - $122,635
Bonus $1,550 - $35,031
Profit Sharing $894 - $23,742
Commission $4,954 - $209,834
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).
)
$36,229 - $154,458
  • Country: United States
  • Currency: USD
  • Updated: 15 Apr 2019
  • Individuals Reporting: 4,254
Hourly Data $0$43
Hourly Rate $12.07 - $30.63
Hourly Tips $2.92
Overtime $16.41 - $43.56
Annual Data $0$209K
Bonus $1,550 - $35,031
Commission $4,954 - $209,834
Profit Sharing $894 - $23,742
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).
)
$36,229 - $154,458
  • Country: United States
  • Currency: USD
  • Updated: 15 Apr 2019
  • Individuals Reporting: 356

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.

Read More...
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

Common Career Paths for Financial Advisor


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Financial Advisor Job Listings

Popular Skills for Financial Advisor

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 $52,000 based on 1,387 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 $76,000 based on 585 salaries. An experienced Financial Advisor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $98,000 based on 500 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 $132,000 based on 209 salaries.

Pay Difference by Location

National Average: $64,915

Larger city markers indicate a job is popular in that location.

Financial Advisor Reviews

Q: What is it like working as a Financial Advisor?

Financial Advisor in Rowlett:
Pros: Flexible schedule, self management.
Cons: Commission only.

Financial Advisor in Jacksonville:
"It's ok."
Pros: Helping people.
Cons: More responsibility for less pay.

Financial Advisor in Allentown:
"Flexibility."
Pros: Flexibility in when, where, and how I work with clients (within certain guidelines)
Cons: Sometimes stress of the markets.

Financial Advisor in Chicago:
"Competitive edge over other broker dealers."
Pros: Superior products and technology.
Cons: Limited use of one of the largest and best mutual funds.

Financial Advisor in Dallas:
"Only for those with no experience."
LEAN PROCESS has distroyed the sales division. You cannot conduct outbound sales that involves giving real financial advice and paperwork over the phone when you have 15 mins for each customer.

Financial Advisor in Paramus:
"It's fairly rewarding."
Pros: Helping clients meet their life goals.
Cons: The constant changes in compensation structure.

Financial Advisor in Evansville:
You need to be willing to work harder than everybody else.

Related Job Salaries

Key Stats for Financial Advisor

Gender

Female
30 %
Male
70 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 672 votes.
Less than 1 year
12%
1-4 years
39%
5-9 years
20%
10-19 years
19%
20 years or more
10%

Experience Affects Financial Advisor Salaries

▲104%

▲51%

▲18%

National Average
$65,000

▼20%

Skills That Affect Financial Advisor Salaries

financial planning
▲44%



▲10%


Financial Reporting
▲7%




▲2%


National Average
$65,000



Retirement Plan Administration
▼20%

Customer Service
▼21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 672 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
12%
1-4 years
39%
5-9 years
20%
10-19 years
19%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 76%
dental benefits
Dental: 60%
vision benefits
Vision: 52%
no benefits
None: 22%