Financial Advisor Assistant Salary

Pay for Financial Advisor Assistants in the United States is very modest at just $42K per year. Total cash earnings of Financial Advisor Assistants range from $29K on the low end to $57K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $9K and $10K, respectively. Geography is the biggest factor affecting pay for this group, followed by career length and the specific company. For the most part, Financial Advisor Assistants enjoy their work and report high levels of job satisfaction. Health benefits are not enjoyed by everyone in this line of work, and a little more than half lack any coverage at all. Medical benefits are reported by a little less than half and dental coverage is claimed by slightly less than a third. Men are in the minority of survey respondents, with female Financial Advisor Assistants making up 71 percent. This report is based on answers to PayScale's salary questionnaire.
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$30,236 - $58,145
$30K
$42K
$58K
MEDIAN: $42,286
10%
50%
90%

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$11.88 - $21.56
$12
$16
$22
MEDIAN: $16.50
10%
50%
90%

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$0$58K
Salary $30,236 - $58,145
Bonus $725 - $8,898
Profit Sharing $993 - $9,787
Commission $6,750
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).
)
$28,250 - $55,781
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 250
Hourly Data $0$33
Hourly Rate $11.88 - $21.56
Overtime $18.03 - $33.25
Annual Data $0$55K
Bonus $725 - $8,898
Commission $6,750
Profit Sharing $993 - $9,787
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).
)
$28,250 - $55,781
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 208

Find Out Exactly What You Should Be Paid

United States (change)

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.

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Financial Advisor Assistant Tasks

  • 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.

Financial Advisor Assistant Job Listings

Popular Employer Salaries for Financial Advisor Assistant


The smallest paychecks can be found at The Northwestern Mutual Life Insurance Company — the median salary there is $36K; however, employees are subject to a wide range in pay, with salaries varying between $29K and $57K.

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

National Average: $39,869

Larger city markers indicate a job is popular in that 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.

Financial Advisor Assistant Reviews

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

Financial Advisor Assistant in Oxford:
Pros: Great atmosphere and enjoy helping people.
Cons:

Related Job Salaries

Key Stats for Financial Advisor Assistant

Gender

Female
72 %
Male
28 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 99 votes.
Less than 1 year
7%
1-4 years
52%
5-9 years
22%
10-19 years
15%
20 years or more
5%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Advisor Assistant Salaries

▲23%

▲21%

▲9%

National Average
$40,000

▼7%

Skills That Affect Financial Advisor Assistant Salaries

Financial Advisor
▲33%

Investment Planning
▲32%

Investment Management
▲20%

Operations Management
▲17%

Customer Relations
▲15%


Office Management
▲13%




National Average
$40,000

Customer Service
▼1%


Financial Applications
▼11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 99 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
7%
1-4 years
52%
5-9 years
22%
10-19 years
15%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 46%
dental benefits
Dental: 31%
vision benefits
Vision: 22%
no benefits
None: 52%
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