How Much Do Personal Financial Advisors Make in 2021 (including Starting Salary)

Stan T.Career, SalaryLeave a Comment

2021 Annual Salary, Salary Range, and Highest Paying States and Industries

Personal Financial Advisors

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.

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Table of contents
  1. Average salary
  2. Starting salary
  3. Salary rank
  4. Salary range
  5. Highest paying states
  6. Highest paying industries

Average salary

Annual salary
$122490 per year
Hourly wage
$59 per hour

Starting salary

Entry-level annual salary
$44,100 to $59,450 per year
Entry-level hourly wage
$21 to $29 per hour

Entry-level Personal Financial Advisors with little to no experience can expect to make anywhere between $44,100 to $59,450 per year or $21 to $29 per hour. Similar to any other job, their salary will increase as they gain experience.

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Salary rank

Salary rank

We wanted to make it easy for our readers to compare the salary of Personal Financial Advisors to all the other careers out there. So we created Salary Rank. We compared the salary of all careers then we gave them a rank of A, B, C, or D depending on where their average salary sit in comparison to other careers.

Salary range

Level Hourly Annual
Highest (Top 10%) $100+ $208,000+
Senior (Top 25%) $75 $157,020
Middle (Mid 50%) $43 $89,330
Junior (Bottom 25%) $29 $59,450
No experience (Bottom 10%) $21 $44,100

Highest paying states

State Hourly Annual
NY $81 $169,310
ME $75 $155,240
MT $74 $154,630
MN $74 $153,830
MA $73 $151,390
DC $68 $142,380
IL $67 $139,410
CT $66 $137,160
VA $66 $136,600
AL $64 $133,020

Another simple way to increase your salary as a Personal Financial Advisor is to move to a higher paying state. However moving to a higher paying state like NY doesn’t guarantee that you will make more because the expenses at NY might be much higher than where you are currently living at right now.

According to BLS, the highest paid Personal Financial Advisors are in the states of NY, ME, MT, MN and MA.

Highest paying industries

Salary by industry Annual Hourly
Other Investment Pools and Funds $137090 $65.91
Securities, Commodity Contracts, and Other Financial Investments and Related Activities $130820 $62.90
Real Estate $130430 $62.71
Legal Services $116750 $56.13
Management of Companies and Enterprises $109840 $52.81
Accounting, Tax Preparation, Bookkeeping, and Payroll Services $106660 $51.28
Agencies, Brokerages, and Other Insurance Related Activities $105920 $50.92
Business, Professional, Labor, Political, and Similar Organizations $105750 $50.84
Insurance Carriers $104670 $50.32
Land Subdivision $100730 $48.43
Office Administrative Services $99590 $47.88
Credit Intermediation and Related Activities $98610 $47.41
Scientific Research and Development Services $96090 $46.20
Management, Scientific, and Technical Consulting Services $95200 $45.77
Grantmaking and Giving Services $95100 $45.72
Nondepository Credit Intermediation $92400 $44.42
Automobile Dealers $87410 $42.03
Other Professional, Scientific, and Technical Services $83500 $40.15
Insurance and Employee Benefit Funds $83240 $40.02
Local Government $77810 $37.41
Wholesale Electronic Markets and Agents and Brokers $74880 $36.00
Social Advocacy Organizations $69800 $33.56
State Government $63560 $30.56
Colleges, Universities, and Professional Schools $53480 $25.71
Community Food and Housing, and Emergency and Other Relief Services $50930 $24.49
Junior Colleges $50480 $24.27
General Medical and Surgical Hospitals $47690 $22.93
Employment Services $ $*
Data Processing, Hosting, and Related Services $ $*

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