Personal Financial Advisor Starting Salary According to the U S Bureau of Labor Statistics BLS the median pay for personal financial advisors as of May 2022 was 94 170 per year or about 45 per hour That hourly rate is more than twice the 22 26 average of all occupations However new advisors typically start out earning more modest sums
The average salary for a Personal Financial Advisor is 77 322 in 2024 Base Salary 41k 148k Bonus 1k 50k Profit Sharing 1k 90k Commission 10k 155k Total Pay 39k 172k Based An advisor s specific salary within the range depends largely on their book of business performance results and experience level in the field Salary by Experience Level Entry Level Salaries Those just starting out as personal financial advisors typically earn between 60 000 and 80 000 per year on average
Personal Financial Advisor Starting Salary
Personal Financial Advisor Starting Salary
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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 Salary Outlook X is Year and Y is Mean 13 2052 Personal Financial Advisors Advise clients on financial plans using knowledge of tax and investment strategies securities insurance pension plans and real estate Duties include assessing clients assets liabilities cash flow insurance coverage tax status and financial objectives May also buy and sell financial assets for clients
The median annual wage for personal financial advisors was 95 390 in May 2022 Job Outlook Employment of personal financial advisors is projected to grow 13 percent from 2022 to 2032 much faster than the average for all occupations The average salary for a Financial Advisor is 66 187 in 2024 Base Salary 42k 118k Bonus 2k 34k Profit Sharing 1k 19k Commission 5k 177k Total Pay 44k 141k Based on 2 796
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State by State Guide to Financial Advisor Salaries According to May 2019 statistics from the Bureau of Labor Statistics BLS personal financial advisors earned an average of 119 290 The top paying states for personal financial advisors during this time were New York 166 790 Washington D C 150 310 Illinois 142 440 The estimated total pay for a Personal Financial Advisor is 84 673 per year in the United States area with an average salary of 74 457 per year These numbers represent the median which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users
The average salary for a entry level financial advisor is 73 083 per year in the United States 122 salaries reported updated at January 19 2024 Is this useful Maybe Top companies for Entry Level Financial Advisors in United States New York Life 3 7 3 856 reviews 39 salaries reported 82 145per year Northwestern Mutual 3 7 The range for our most popular Financial Advisor positions listed below typically falls between 51 048 and 131 147 Keep in mind that salary ranges can vary widely depending on many important factors including position education certifications additional skills and the number of years you have spent in your profession
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Personal Financial Advisor Starting Salary - Average 80 198 Low 42 921 High 149 848 Commission 17 800 per year Non cash benefit 401 k View more benefits The average salary for a financial advisor is 80 198 per year in the United States and 17 800 commission per year 16 3k salaries reported updated at January 19 2024