The average salary for a Personal Financial Advisor is $62,410.
Personal Financial Advisor by
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What Do Personal Financial Advisors Do?
A personal financial advisor assists individuals with reaching financial objectives and educational goals, retirement and estate planning, and other investing decisions, and they make insurance/risk management recommendations for their clients. Entry into the financial advising field generally requires a bachelor's degree, preferably in accounting, finance, or a related field. The certified financial planner (CFP) designation is the preferred professional qualification. Additional licensing m…Read more
Personal Financial Advisor 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.
Job Satisfaction for Personal Financial Advisor
Popular Employer Salaries for Personal Financial Advisor
Explore the most common career paths for Personal Financial Advisor. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
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Personal Financial Advisor
Certified Financial Planner (CFP)
Somewhat common (8 - 20%)
Personal Financial Advisor Job Listings
What Are Popular Skills for Personal Financial Advisors?
Skills in Investment Planning, Financial Analysis, Financial Advisor and Sales are correlated to pay that is above average. Skills that pay less than market rate include Customer Service.
What is the Pay by Experience Level for Personal Financial Advisors?
An entry-level Personal Financial Advisor with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $44,560 based on 19 salaries. An early career Personal Financial Advisor with 1-4 years of experience earns an average total compensation of $58,809 based on 82 salaries. A mid-career Personal Financial Advisor with 5-9 years of experience earns an average total compensation of $61,972 based on 34 salaries. An experienced Personal Financial Advisor with 10-19 years of experience earns an average total compensation of $68,870 based on 48 salaries. In their late career (20 years and higher), employees earn an average total compensation of $97,591.
Pay Difference by Location
Employees with Personal Financial Advisor in their job title in Cleveland, Ohio earn an average of 214.9% more than the national average. These job titles also find higher than average salaries in Boston, Massachusetts (63.0% more) and Los Angeles, California (60.2% more). The lowest salaries can be found in Indianapolis, Indiana (24.7% less).
Years of Experience
This data is based on 217 survey responses.