Financial Advisor Salary

The average salary for a Financial Advisor is $57,059 per year. The skills that increase pay for this job the most are financial planning, Investment Management, Portfolio Management, Insurance, and Investment Planning. People in this job generally don't have more than 20 years' experience. Experience strongly influences income for this job.

$34,411 - $120,016
$34K
$58K
$120K
MEDIAN: $58,350
10%
50%
90%

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$11.87 - $30.22
$12
$17
$30
MEDIAN: $16.93
10%
50%
90%

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$0$168K
Salary $34,411 - $120,016
Bonus $1,424 - $33,988
Profit Sharing $721 - $23,782
Commission $4,853 - $168,103
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).
)
$35,324 - $149,026
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 2,375
Hourly Data $0$42
Hourly Rate $11.87 - $30.22
Hourly Tips $3.33
Overtime $17.69 - $42.58
Annual Data $0$168K
Bonus $1,424 - $33,988
Commission $4,853 - $168,103
Profit Sharing $721 - $23,782
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).
)
$35,324 - $149,026
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 217

Find Out Exactly What You Should Be Paid

United States (change)

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.

Common Career Paths for Financial Advisor


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Financial Advisor Job Listings

Popular Employer Salaries for Financial Advisor

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: $63,417

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 Cleveland:
"Great Job working with Clients."
Pros: I get to help great people get more out of their lives. I am passionate about my work and get to solves puzzles. I have interesting work and colleagues whose company I enjoy.
Cons: My boss is not a good at being a boss, or at making business decisions. I will frequently finish working on an important project and my boss will take months to proof read it so we can get it out.

Financial Advisor in Lancaster:
"Current Kohlmaier Muscalus Group Review."
Pros: Decent people. Good clients. Enjoy calling my own shots in the Tax Prep Department. Expense reimbursements help tremendously. Enjoy the home office option on some days. I wish I could do this more.
Cons: Stress Level is high. Pay is inadequate for time. I work the hours of a partner and get paid entry level salaries.

Financial Advisor in Columbus:
Pros: It is a good paying job with great hours.
Cons: It is very stressful and you deal with things outside of your control.

Financial Advisor in Houston:
"Good Career/Slow Start."
Pros: Some of the best aspects of being an advisor is that you get to meet with new people everyday. As a fee only advisor, I can sleep at night knowing that I'm not selling people financial products that they probably don't need for a commission.
Cons: Long work weeks. To make any money at this job, you've got to be willing to put in the hours to educate yourself and work on our approach to bringing new clients through the door.

Related Job Salaries

Key Stats for Financial Advisor

Gender

Female
29 %
Male
71 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 384 votes.
Less than 1 year
12%
1-4 years
41%
5-9 years
19%
10-19 years
19%
20 years or more
9%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Advisor Salaries

▲108%

▲54%

▲20%

National Average
$63,000

▼18%

Skills That Affect Financial Advisor Salaries

financial planning
▲47%



▲13%


Financial Reporting
▲10%





▲4%


National Average
$63,000


Retirement Plan Administration
▼19%

Customer Service
▼20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 384 votes.

Gender

Female
29 %
Male
71 %

Years of Experience

Less than 1 year
12%
1-4 years
41%
5-9 years
19%
10-19 years
19%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 77%
dental benefits
Dental: 61%
vision benefits
Vision: 53%
no benefits
None: 21%
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