The average pay for a Financial Advisor Assistant is $16.59 per hour.
The average pay for a Financial Advisor Assistant is $42,169 per year.
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Job Description for Financial Advisor Assistant
A financial advisor assistant is generally tasked with assisting a financial advisor with administering all aspects of client accounts. The assistant is generally the first person to interact with clients when they call, email, or come into the office. The financial advisor assistant normally works closely with one financial advisor, but they also assist other financial advisors and have frequent, extensive contact with customers. The assistant must warmly greet clients and prospective clients who enter the office, as well as handle the financial advisor's appointment calendar, accept incoming calls, and make outgoing calls. Additionally, they handle email and mail correspondence, input transactions for client accounts, and monitor client files for compliance with various regulations. More experienced assistants may make investment recommendations and eventually transition into a financial advisor position.
Read More...- Schedule appointments and assist clients with paperwork.
- Assist financial advisor with client support and time management.
- Handle financial operational problems, such as issues with statements and transactions.
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Popular Skills for Financial Advisor Assistant
Survey results imply that Financial Advisor Assistants deploy a substantial tool kit of skills at work. Most notably, facility with Financial Advisor, Investment Planning, and Investment Management are correlated to pay that is significantly above average, leading to increases of 34 percent, 33 percent, and 21 percent, respectively. At the other end of the pay range are skills like Financial Applications and Compliance. Those proficient in Client Interaction are, more often than not, also skilled in Customer Relationship Management (CRM).
Pay by Experience Level for Financial Advisor Assistant
Pay by Experience for a Financial Advisor Assistant has a positive trend. An entry-level Financial Advisor Assistant with less than 5 years of experience can expect to earn an average total compensation of $37,000 based on 331 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Advisor Assistant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $44,000 based on 121 salaries. An experienced Financial Advisor Assistant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $48,000 based on 86 salaries. A Financial Advisor Assistant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $49,000 based on 20 salaries.
Pay Difference by Location
For Financial Advisor Assistants, Houston provides a pay rate that is 33 percent greater than the national average. Financial Advisor Assistants will also find cushy salaries in Seattle (+27 percent), Indianapolis (+26 percent), Dallas (+21 percent), and Minneapolis (+16 percent). Location significantly influences compensation, with Denver Financial Advisor Assistants earning much less — 21 percent less — than the national average. Toledo and St. Louis are a couple other places where companies are known to pay below the median — salaries are 19 percent lower and 13 percent lower, respectively.
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Key Stats for Financial Advisor Assistant
Gender
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Female
76 % |
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Male
24 % |
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Job Satisfaction
| Extremely satisfied |
Rated 5 out of 5 based on 172 votes. |
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