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2020 Personal Financial Advisors Salary Guide

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.

Personal Financial Advisors Salary

Salary

$87.9K

Growth

7%

Bright Outlook

Bright

Green

Yes

Personal Financial Advisors Job Description

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.

Also known as:

Registered Representative, Certified Financial Planner (CFP), Financial Consultant, Financial Planner, Portfolio Manager, Analyst, Financial Advisor, Financial Counselor, Investment Advisor, Account Executive

How Much Do Personal Financial Advisors Make ? 2020

Percentile 10% 25% 50% (Median) 75% 90%
Annual Wage $42,950 $57,780 $87,850 $154,480 $208
Hourly Wage $20.65 $27.78 $42.24 $74.27 $100

How Much Do Personal Financial Advisors Make ? 2020

Percentile
10%
25%
50% (Median)
75%
90%
Annual Wage
$42,950
$57,780
$87,850
$154,480
$208
Hourly Wage
$20.65
$27.78
$42.24
$74.27
$100

Personal Financial Advisors Tasks

  • Interview clients to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, or other information needed to develop a financial plan.
  • Answer clients' questions about the purposes and details of financial plans and strategies.
  • Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
  • Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
  • Implement financial planning recommendations or refer clients to someone who can assist them with plan implementation.
  • Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
  • Manage client portfolios, keeping client plans up-to-date.
  • Contact clients periodically to determine any changes in their financial status.
  • Recruit and maintain client bases.
  • Prepare or interpret for clients information such as investment performance reports, financial document summaries, or income projections.
  • Explain to clients the personal financial advisor's responsibilities and the types of services to be provided.
  • Investigate available investment opportunities to determine compatibility with client financial plans.
  • Guide clients in the gathering of information, such as bank account records, income tax returns, life and disability insurance records, pension plans, or wills.
  • Monitor financial market trends to ensure that client plans are responsive.
  • Meet with clients' other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients' financial goals and circumstances.
  • Recommend financial products, such as stocks, bonds, mutual funds, or insurance.
  • Open accounts for clients and disburse funds from accounts to creditors as agent for clients.
  • Devise debt liquidation plans that include payoff priorities and timelines.
  • Inform clients about tax benefits, government rebates, or other financial benefits of alternative fuel vehicle purchases or energy efficient home construction, improvements, or remodeling.
  • Conduct seminars or workshops on financial planning topics, such as retirement planning, estate planning, or the evaluation of severance packages.
  • Recommend environmentally responsible investments, such as cleantech, alternative energy, or conservation technologies, companies, or funds.

What Activities Do Personal Financial Advisors Do?

  • Interview clients to gather financial information.
  • Correspond with customers to answer questions or resolve complaints.
  • Recommend investments to clients.
  • Assess financial status of clients.
  • Implement financial decisions.
  • Assess financial status of clients.
  • Implement financial decisions.
  • Educate clients on financial planning topics.
  • Prepare financial documents, reports, or budgets.
  • Develop business relationships.
  • Interpret financial information for others.
  • Educate clients on financial planning topics.
  • Identify strategic business investment opportunities.
  • Advise others on financial matters.
  • Analyze market conditions or trends.
  • Recommend investments to clients.
  • Confer with others about financial matters.
  • Disburse funds from clients accounts to creditors.
  • Compute debt repayment schedules.
  • Educate clients on financial planning topics.
  • Educate clients on financial planning topics.
  • Recommend investments to clients.

Typical Personal Financial Advisors Knowledge?

  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Sales and Marketing - Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

What Are Typical Personal Financial Advisors Abilities?

  • Deductive Reasoning - Using rules to solve problems.
  • Oral Expression - Communicating by speaking.
  • Inductive Reasoning - Making general rules or coming up with answers from lots of detailed information.
  • Oral Comprehension - Listening and understanding what people say.
  • Written Comprehension - Reading and understanding what is written.
  • Written Expression - Communicating by writing.
  • Problem Sensitivity - Noticing when problems happen.
  • Speech Clarity - Speaking clearly.
  • Speech Recognition - Recognizing spoken words.
  • Near Vision - Seeing details up close.
  • Mathematical Reasoning - Choosing the right type of math to solve a problem.
  • Number Facility - Adding, subtracting, multiplying, or dividing.
  • Information Ordering - Ordering or arranging things.
  • Category Flexibility - Grouping things in different ways.

What Are Typical Personal Financial Advisors Skills? 2020

  • Active Listening - Listening to others, not interrupting, and asking good questions.
  • Reading Comprehension - Reading work-related information.
  • Judgment and Decision Making - Thinking about the pros and cons of different options and picking the best one.
  • Critical Thinking - Thinking about the pros and cons of different ways to solve a problem.
  • Speaking - Talking to others.
  • Service Orientation - Looking for ways to help people.
  • Writing - Writing things for co-workers or customers.
  • Complex Problem Solving - Noticing a problem and figuring out the best way to solve it.
  • Social Perceptiveness - Understanding people's reactions.
  • Persuasion - Talking people into changing their minds or their behavior.
  • Mathematics - Using math to solve problems.

What Are Typical Personal Financial Advisors Interests?

  • Conventional - Occupations related to Conventional interests frequently involve following set procedures and routines. They include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
  • Enterprising - Occupations with Enterprising interests frequently involve starting up and carrying out projects. Many involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
  • Social - Occupations with Social interests frequently involve working with, communicating with, and teaching people. Most involve helping or providing service to others.

What Is The Projected Employment For Personal Financial Advisors ? 2020

Location 2018 Employment 2028 Employment Percent change Annual projected job openings
United States 271,700 290,800 7% 23,200

What Is The Projected Employment For Personal Financial Advisors ? 2020

Location
2018 Employment
2028 Employment
Percent change
Annual projected job openings
United States
271,700
290,800
7%
23,200

What Is The Required Personal Financial Advisors Education & Experience? 2020

  • Bachelor's degree
  • No work experience
  • More than 1 year on-the-job training

Personal Financial Advisors Schools ?

School Program Name Location Length / Graduates
Abilene Christian University Finance, General Abilene, TX 4 years: 28
Adelphi University Finance, General Garden City, NY 4 years: 23
More than 4 years: 0
Adrian College Finance, General Adrian, MI 4 years: 3
Alabama A & M University Finance, General Normal, AL 4 years: 5
Alabama State University Finance, General Montgomery, AL 4 years: 6
Alaska Pacific University Finance, General Anchorage, AK More than 4 years: 1
Albertus Magnus College Finance, General New Haven, CT 4 years: 4
Albion College Finance, General Albion, MI 4 years: 20
Alfred University Finance, General Alfred, NY 4 years: 11
Alma College Finance, General Alma, MI 4 years: 9

Personal Financial Advisors Schools ?

School
Program Name
Location
Length / Graduates
Finance, General
Abilene, TX
4 years: 28
Finance, General
Garden City, NY
4 years: 23
More than 4 years: 0
Finance, General
Adrian, MI
4 years: 3
Finance, General
Normal, AL
4 years: 5
Finance, General
Montgomery, AL
4 years: 6
Finance, General
Anchorage, AK
More than 4 years: 1
Finance, General
New Haven, CT
4 years: 4
Finance, General
Albion, MI
4 years: 20
Finance, General
Alfred, NY
4 years: 11
Finance, General
Alma, MI
4 years: 9

Personal Financial Advisors Jobs Near Me .

Job Title Company Location Date Posted Federal Contractor

Personal Financial Advisors Jobs Near Me .

Personal Financial Advisors 2020 Salary Guide By State

Common Careers