Financial Advisor in Phoenix, Arizona Salary
The average pay for a Financial Advisor in Phoenix, Arizona is $62,029 per year. The highest paying skills associated with this job are Portfolio Management, Customer Relationship Management (CRM), Client Interaction, Financial Advisor, and Investment Management.
|Salary||$38,978 - $93,258|
|Bonus||$4,055 - $30,201|
|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).)
|$36,337 - $112,013|
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 advisors help clients plan for both short-term and long-term goals, such as education expenses if they have children who are going to college, or for their own retirement, and they recommend various investments to match clients' goals. A bachelor's degree in accounting, business, finance, or a related field is generally required for this position, and those with prior work experience with similar financial institutions may be preferred by some employers.
Applicants may be required to pass Series 6 and Series 7 exams and must be willing to learn their institution's computer system. Knowledge of Microsoft Office programs (Word, Excel, PowerPoint, Outlook) is important, and they must also have excellent verbal and written communication skills and work well with diverse people. They must have thorough knowledge of government (federal, state, local) laws and regulations and follow Security Exchange Commission (SEC) rules and guidelines, as well. They should stay up-to-date with frequent changes in monetary rules and regulations, and some may visit companies with which their institutions are interested in investing. Some may also train or mentor junior financial advisors. (Copyright 2017 PayScale.com)
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.
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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 $60,000 based on 14 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 $63,000 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 $83,000 based on 6 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 $106,000 based on 7 salaries.
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