Financial Consultant in New York Salary
Financial Consultants in New York take home approximately $70K annually on average. The majority of individuals in this role claim moderate levels of job satisfaction. Medical benefits are awarded to most, and a strong majority earn dental coverage. Most New York Financial Consultants survey respondents are men (70 percent). Participants in PayScale's salary questionnaire provided the particulars of this report.
|Salary||$51,220 - $113,346|
|Bonus||$3,077 - $24,658|
|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).)
|$51,915 - $127,753|
Job Description for Financial Consultant
A financial consultant advises clients of an investment bank or financial services company on the best way to manage their money. They assesses customers' financial needs and work with them to build an investment portfolio that is comfortable for the client and builds wealth. To be successful, a financial consultant must build a client base; they need to identify prospective clients and cultivate relationships with them. Consultants may need to be creative in developing ways to attract new clients, although some larger companies clients may assign clients to consultants.Read More...
A primary role of this position includes educating potential investors about the variety of financial services and products their organization offers. Consultants work with their clients to assess future financial needs regarding major life events such as starting families, sending children to college, moving, and retiring. They help set an expected level of return on investment that corresponds to the amount of risk the client is willing to take. The financial consultant must cultivate continuing relationships with clients, as well as constantly reviewing their investment portfolios and offer advice as needed.
Most financial institutions require financial consultants have a bachelor's degree in a business or a finance-related discipline. Additionally, federal and state certifications must be obtained and kept up to date for this position. Financial consultants usually must have five or more years of experience at a lower-level position in investment advising. (Copyright 2017 PayScale.com)
Financial Consultant Tasks
- Guide clients through financial self-analysis, including goal setting and advice to reach goals.
- Assist clients with estate management, tax returns, budgets, or other financial tasks.
- Follow-up with clients on plans, track successes, and inform about modifications.
Financial Consultant Job Listings
Key Stats for Financial Consultant
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