How Much Do Financial Advisors Make An Hour Annual Wage 47 570 61 200 94 170 158 890 208 000 As you can see above the lowest 10th percentile of financial advisors earned just 44 100 Meanwhile the top 10th percentile made over 208 000 or about five times as much One factor that drives this gap is industry concentration as financial advisors often wear many different
According to a 2021 Advisory HQ study on average you can expect to pay between 0 59 and 1 18 for an advisor who charges asset based fees An advisor who charges by the hour on the other hand might fall into the 120 to 300 range For advisors who charge a flat fee the cost may range from 7 500 to 55 000 How Much Does a Financial Advisor Make Financial Advisors made a median salary of 95 390 in 2022 The best paid 25 made 165 590 that year while the lowest paid 25 made 61 960 The
How Much Do Financial Advisors Make An Hour
How Much Do Financial Advisors Make An Hour
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Financial Advisor Salary The average Financial Advisor salary in the United States is 93 573 as of July 29 2024 The range for our most popular Financial Advisor positions listed below typically falls between 52 002 and 135 145 Keep in mind that salary ranges can vary widely depending on many important factors including position In 2022 the median pay for financial advisors was 95 390 per year The top 10 of earners make more than 239 000 while the bottom 10 earn less than 46 700 Alaska New York New Jersey Pennsylvania and Massachusetts are the top paying states with annual rates above the median salary A bachelor s degree is a minimum requirement for
42 Louisiana 93 600 Vermont is New England s one outlier in terms of financial advisor salary In every other New England state financial advisors earn an average annual wage in excess of However new advisors typically start out earning more modest sums The BLS indicates that the lowest paid 10 of financial advisors earned less than 48 730 per year equal to an hourly wage of 23 43 or just barely more than the average for all occupations The lowest 25 of advisors meanwhile earned under 65 360
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Financial advisors in the United States typically make between 50 000 and 110 000 per year with the average salary being around 75 000 However this can vary based on experience location and the type of advisory services provided And Lead financial advisors given both their client relationship management and business development responsibilities have an average of 18 years of experience and earn an average of 165 000 year of which nearly 20 of incentive bonus compensation Notably across the board compensation is typically 80 to 90 in the form of a base salary
1 05 1 02 500 000 1 000 000 For flat fees you might pay a fixed rate of 7 500 if you have around 65 000 in investable assets For those with slightly more to manage the fixed The average salary for a financial advisor in the United States is around 48 961 per year Avg Salary Show avg hourly wage 24k Bottom 20 49k Median 100 1k Top 20 Financial advisors earn an average yearly salary of 48 961 Wages typically start from 23 959 and go up to 100 052 14 below national average Updated in 2023
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How Much Do Financial Advisors Make An Hour - However new advisors typically start out earning more modest sums The BLS indicates that the lowest paid 10 of financial advisors earned less than 48 730 per year equal to an hourly wage of 23 43 or just barely more than the average for all occupations The lowest 25 of advisors meanwhile earned under 65 360