Personal Financial Advisors Salary 2017: How Much Money Do They Make

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hourly pay for Personal Financial Advisors
do Personal Financial Advisors make a lot of money

Personal Financial Advisors

Other names for this job might include Account Executive, Analyst, Asset Analyst, Asset Manager, Budget Counselor, Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), Credit Counselor, Debt Counselor, Estate Planner


  • $123100
    Salary
  • 77%
    Job satisfaction
  • Quite Hard
    Becoming one
  • High
    Job growth
OwlGuru Rank

A+



How Much Successful Personal Financial Advisors Make In 2017


In this salary guide, you will find out how much do Personal Financial Advisors make.

After reading this, you will be able to make a decision if working as a Personal Financial Advisor will suit your financial goals (e.g: buying a home, BMW or just your target salary goal).



Average salary

Annual salary
$123100 per year

Hourly wage
$59.180 per hour


1 of the most popular questions we get from our readers here at OwlGuru is how much do Personal Financial Advisors make per year and what is their hourly wage.

According to BLS, the average annual salary of Personal Financial Advisors is $123100. Their salary can also be as low as $41160 if you’re still a newbie with no experience to over $# if you have a ton of experience under your belt.

The typical hourly pay is $59.180 and can range from $19.790 to $# which also depends if you’re a newbie or a professional.

Just like any other job, the salary of A Personal Financial Advisor will vary based on your education and experience level.

# = Over $100 per hour or $200,000 per year.
Salary rank
A

We wanted to make it easy for our readers to compare the salary of A Personal Financial Advisor to all the other careers out there. So we created Salary Rank.

This compares the salary of all careers and we give them a rank of A, B, C or D depending on how high or low is their average salary.

After comparing how much do Personal Financial Advisors make with other careers, they have a salary rank of A.



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Salary range

LevelHourlyYearly
Highest (Top 10%)Over $100Over $200,000
Senior (Top 25%)$77.160$160490
Middle (Mid 50%)$43.530$90530
Junior (Bottom 25%)$27.630$57460
No experience (Bottom 10%)$19.790$41160


Entry-level Personal Financial Advisors who starts out at $57460 can expect to make $90530 after 3-5 years of experience in the field.

The bottom 10% makes less than $19.790 per hour while the top 10% makes over $# per hour.

While the median wage is $90530 per annum or $43.530 per hour.

Depending on who you work for, you might also get overtime pay.

# = Over $100 per hour or $200,000 per year.


Highest paying industries

Industry nameHourly wageAnnual salary
Other Financial Investment Activities57.37119320
Securities, Commodity Contracts, and Other Financial Investments and Related Activities57.33119250
Securities and Commodity Contracts Intermediation and Brokerage57.3119180
Securities and Commodity Exchanges54.14112600
Finance and Insurance52.63109470
All industries, private ownership only52.06108290
All industries51.97108090
Other Insurance Related Activities49.87103730
Agencies, Brokerages, and Other Insurance Related Activities49.51102990
Other Investment Pools and Funds49.5102950
Insurance Agencies and Brokerages49.35102650
Management of Companies and Enterprises49.17102280
Accounting, Tax Preparation, Bookkeeping, and Payroll Services48.89101680
Insurance Carriers48.37100610
Other Professional, Scientific, and Technical Services46.7697260
Professional, Scientific, and Technical Services45.1893970
Direct Insurance (except Life, Health, and Medical) Carriers44.6992940
Religious, Grantmaking, Civic, Professional, and Similar Organizations44.6892930
Other Nondepository Credit Intermediation44.6692890
Insurance and Employee Benefit Funds44.5792710
Other Services (except Federal, State, and Local Government)43.6590790
Office Administrative Services41.7286780
Business, Professional, Labor, Political, and Similar Organizations41.786740
Management, Scientific, and Technical Consulting Services41.4986290
Depository Credit Intermediation39.7482660
Credit Intermediation and Related Activities38.680300
Data Processing, Hosting, and Related Services38.5380140
Nondepository Credit Intermediation35.7974430
Real Estate and Rental and Leasing34.9472670
Real Estate34.5671890
Activities Related to Real Estate34.4871710
Business Support Services33.8270350
Telephone Call Centers33.8270350
Activities Related to Credit Intermediation33.3769420
Offices of Physicians32.9168460
Ambulatory Health Care Services32.2867150
State Government, excluding schools and hospitals31.8266180
Federal, State, and Local Government31.4765460
Federal, State, and Local Government, excluding state and local schools and hospitals, and the US Postal Service31.4765460
Legal Services31.1264740
Educational Services, Privately owned31.0664610
State government, including schools and hospitals30.7663970
Federal, state, and local government, including government owned schools and hospitals, and the US Postal Service30.5363500
Local Government, excluding schools and hospitals29.8162010
Educational Services (including private, state, and local government schools)29.5761510
Local government, including schools and hospitals29.5161380
Colleges, universities, and professional schools, Privately owned29.0160350
General Medical and Surgical Hospitals, Privately owned28.9560210
Hospitals, Privately owned28.9160130
General Medical and Surgical Hospitals (including private, state, and local government hospitals)28.3258910
Hospitals (including private, state, and local government hospitals)28.2958850
Junior Colleges (including private, state, and local government schools)27.9558140
Colleges, Universities, and Professional Schools (including private, state, and local government schools)27.757620
Health Care and Social Assistance (including private, state, and local government hospitals)26.2854660
Colleges, universities, and professional schools, State government owned23.3248500
Educational Services, State government owned23.1748200
Computer Systems Design and Related Services22.5846970
Social Assistance21.244090
Individual and Family Services20.9843630

Not all industries pay the same for Personal Financial Advisors.

1 of the easiest way to increase your salary is to change industries and find a higher paying one.



Highest paying states

StateHourlyAnnual
NY$71.37$148450
NM$64.55$134270
ME$63.11$131260
CT$62.87$130780
CA$62.75$130510
MA$62.6$130200
KS$61.19$127280
MT$61.16$127210
PA$61.04$126970
NH$59.23$123200

Another simple way to boost your pay as A Personal Financial Advisor is to move to a higher paying state. However moving to a higher paying state like NY doesn’t mean you will make more overall. This is because the expenses at NY may be 2x higher than where you are currently living at right now.

According to the BLS, the highest paid / most successful Personal Financial Advisors are in the states of NY, NM, ME, CT and CA. The average salary in NY is $148450.



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Rank: B+
Salary: $103260

They sell financial services, such as loan, tax, and securities counseling to customers of financial institutions and business establishments.
Rank: B
Salary: $103260

They buy and sell securities in investment and trading firms and develop and implement financial plans for individuals, businesses, and organizations.
Rank: C+
Salary: $63730

They sell life, property, casualty, health, automotive, or other types of insurance. May refer clients to independent brokers, work as an independent broker, or be employed by an insurance company.
Rank: B+
Salary: $75970

They analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decision making.
Rank: A
Salary: $73670

They evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.





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Related to Personal Financial Advisors Salary

Personal Financial Advisors salary, how much do Personal Financial Advisors earn, Personal Financial Advisors hourly wage, Personal Financial Advisors annual pay, highest paying industries for Personal Financial Advisors, which states pay the highest for Personal Financial Advisors

Additional resources

http://www.bls.gov/OOH/business-and-financial/personal-financial-advisors.htm
http://gafm.com/
http://www.finra.org/
http://www.sec.gov/

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Personal Financial Advisors
Written by: Stanley Tan
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.
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