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.
Table of contents
- Average salary
- Starting salary
- Salary rank
- Salary range
- Highest paying states
- Highest paying industries
Average salary
Starting salary
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.
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 | $ | $* |