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Salary and Benefits

Financial Advisor
$58K-$70K / yr. (est.)
$58K
$64,523 / year
$71K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Financial Advisor

What does a Financial Advisor do?

As Financial Advisors, we sit down with our clients to develop a financial plan after determining their income, expenses, insurance coverage, financial objectives, tax status, and risk tolerance. We answer their question regarding financial planning and strategies to advise them on cash management, insurance coverage, and investment planning. We plan regularly to proactively determine if any life or economic swing will affect their financial plans by continuously analyzing financial data received from the clients. We prepare and interpret financial document summaries, investment performance reports, and future income projections.

Core tasks:

  • implement financial plans and refer clients to specialized professionals to help them
  • manage and update our customers' portfolio based on the current market trends
  • stay in touch with clients to discover any sudden change in their financial status

Insights

How Many Years of Experience Do Professionals Need Before Becoming Financial Advisor?
On average, people work 5-7 years in other positions prior to becoming a Financial Advisor.
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Financial AdvisorMiami, FL - 7 months ago
🙄 I don't understand why anyone would complain about having to work in other positions before becoming a Financial Advisor. It's valuable experience that can only benefit you in the long run!
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Financial AdvisorSan Francisco, CA - 7 months ago
😤 I worked hard for those 5-7 years in other positions just to become a Financial Advisor. Don't belittle the experience, it shaped me into the knowledgeable professional I am today!
How Long Do Financial Advisor Employees Typically Stay in Their Roles?
On average, Financial Advisors works in this position for 5+ years across multiple employers.
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AccountantHouston, TX - 8 months ago
honestly, why leave a stable and reliable job to work for someone else? no one can appreciate spreadsheets and debits and credits like us accountants. 🧮
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Financial AnalystSan Francisco, CA - 8 months ago
Having experience across various employers allows a Financial Analyst to gain diverse perspectives, analytical skills, and adaptability, which is crucial in the fast-paced finance industry. 📚
What Is the Job Hopper Score for Financial Advisor Employees?
Frequent job changes in Financial Advisor, indicating a willingness to change companies and roles more frequently.
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Investment AnalystHouston, TX - 7 months ago
It's important to adapt in this fast-paced field, changing jobs can bring new perspectives and growth opportunities!
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AccountantMiami, FL - 7 months ago
How can one effectively manage finances and provide stability to others if they don't have it themselves? 🤷

Career path

Path to job

Discover a Financial Advisor's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Financial Advisor typically studied at.
Arizona State University-Tempe
College for Financial Planning

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Financial Advisor Employees?
Gender ratio in Financial Advisor position: 0.798164502164502 Male and 0.201835497835498 Female. Age ratio in Financial Advisor position: 16-20: 5%, 21-30: 57%, 31-40: 21%, 41-50: 11%, 51-60: 5%, 60+: 1%. Financial Advisor position is predominantly male (79.8%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Financial AdvisorNew York City, NY - 7 months ago
Come on, guys! Representation matters! We need to address this imbalance and ensure equal opportunities for all to succeed in this profession! ✊
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Financial AdvisorSan Francisco, CA - 7 months ago
Let's not make this a battleground. It's important to recognize the struggles faced by marginalized groups to create a more inclusive environment for everyone. ❤

Workplaces

Who Are the Top Employers for Financial Advisor?
Top employers of Financial Advisor position: Ameriprise, Edward Jones, Merrill Lynch. People who work in Financial Advisor position most typically go on to work for the Ameriprise.
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Financial AdvisorSeattle, WA - 7 months ago
I heard that working for Ameriprise is like being a salesperson rather than providing genuine financial advice.
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Financial AdvisorMiami, FL - 7 months ago
I can't believe no one mentioned Morgan Stanley as one of the top employers. They are definitely a major player in this field!
Ameriprise
Edward Jones
Merrill Lynch
What Industries Does Financial Advisor Typically Have Experience In?
Industry Background: The most typical industries of Financial Advisor: Finance & Insurance, Professional / Scientific / Technical, Education, Information Technology, Administrative & Support. Financial Advisor employees most likely come from a Finance & Insurance industry background.
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Financial AdvisorHouston, TX - 7 months ago
financial advisors are such frauds, they just want to steal your hard-earned money, so beware! 😡
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Financial AdvisorMiami, FL - 7 months ago
omg calm down Houston! Yes, there might be bad apples out there, but the majority of Financial Advisors genuinely care about helping people with their finances and investments. It's important to do your research and find a reputable advisor! 😉

Find your job as Financial Advisor

Discussion about Financial Advisor

Want to know more about Financial Advisor position?
Share your thoughts and ideas about Financial Advisor position with others in our community.
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What is the women/men ratio in the job of Financial Advisor?
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Benjamin Gardner3 years ago
Mostly men choose this job, but women also choose this.
What is the typical age to work as a Financial Advisor?
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Isabella Holmes3 years ago
31 is the average age of people working as a Financial Advisor.
How many years of experience do you usually have as a Financial Advisor?
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Isabella Holmes3 years ago
6 years of experience is needed on average for a Financial Advisor.
Which industries should a Financial Advisor consider working in?
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Sophie Hayes3 years ago
Most typically work in the Finance & Insurance industry.
What kind of higher education a Financial Advisor need?
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Benjamin Gardner3 years ago
As a Financial Advisor you’ll probably need Bachelor of Science degree
Which company employs the most people in the Financial Advisor role?
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Benjamin Gardner3 years ago
Ameriprise, Edward Jones, Merrill Lynch, Morgan Stanley and Wells Fargo Advisors has the most employees.
How long do people usually work as a Financial Advisor when they switch to another position?
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Isabella Holmes3 years ago
A Financial Advisor typically moves on after more than 5 years
How likely is it for people working as a Financial Advisor to switch companies still working as a Financial Advisor?
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Benjamin Gardner3 years ago
It’s likely to work for multiple companies while holding the same title.
What work history do people usually have before becoming a Financial Advisor?
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Liam Brown3 years ago
You have a good chance of becoming a Financial Advisor if you are working as Vice President, Financial Consultant or Financial Representative
What typical professions people working as a Financial Advisor switch to?
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Liam Brown3 years ago
Working as Financial Advisor consider Vice President, Financial Consultant or Investment Advisor as a next step in your career.
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Disclaimer

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