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2021 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. May also buy and sell financial assets for clients.

Personal Financial Advisors Salary

Salary

$89.3K

Growth

4%

Bright Outlook

Average

Green

No

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. May also buy and sell financial assets for clients.

Also known as:

Certified Financial Planner (CFP), Financial Advisor, Financial Consultant, Financial Counselor, Financial Planner, Investment Adviser, Investment Advisor, Portfolio Manager, Wealth Advisor

How Much Do Personal Financial Advisors Make ? 2021

Percentile 10% 25% 50% (Median) 75% 90%
Annual Wage $44,100 $59,450 $89,330 $157,020 $208
Hourly Wage $21.20 $28.58 $42.95 $75.49 $100

How Much Do Personal Financial Advisors Make ? 2021

Percentile
10%
25%
50% (Median)
75%
90%
Annual Wage
$44,100
$59,450
$89,330
$157,020
$208
Hourly Wage
$21.20
$28.58
$42.95
$75.49
$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.
  • Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
  • Manage client portfolios, keeping client plans up-to-date.
  • Implement financial planning recommendations or refer clients to someone who can assist them with plan implementation.
  • Answer clients' questions about the purposes and details of financial plans and strategies.
  • Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
  • Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
  • Contact clients periodically to determine any changes in their financial status.
  • Investigate available investment opportunities to determine compatibility with client financial plans.
  • Explain to clients the personal financial advisor's responsibilities and the types of services to be provided.
  • Recommend financial products, such as stocks, bonds, mutual funds, or insurance.
  • Prepare or interpret for clients information, such as investment performance reports, financial document summaries, or income projections.
  • Prepare or interpret for clients information, such as investment performance reports, financial document summaries, or income projections.
  • Monitor financial market trends to ensure that client plans are responsive.
  • Guide clients in the gathering of information, such as bank account records, income tax returns, life and disability insurance records, pension plans, or wills.
  • Meet with clients' other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients' financial goals and circumstances.
  • Recruit and maintain client bases.
  • Devise debt liquidation plans that include payoff priorities and timelines.
  • Open accounts for clients and disburse funds from accounts to creditors as agent for clients.
  • Recommend environmentally responsible investments, such as cleantech, alternative energy, or conservation technologies, companies, or funds.
  • 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.

What Activities Do Personal Financial Advisors Do?

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

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.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Psychology - Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.

What Are Typical Personal Financial Advisors Abilities?

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

What Are Typical Personal Financial Advisors Skills? 2021

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

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 ? 2021

Location 2019 Employment 2029 Employment Percent change Annual projected job openings
United States 263,000 274,600 4% 19,200

What Is The Projected Employment For Personal Financial Advisors ? 2021

Location
2019 Employment
2029 Employment
Percent change
Annual projected job openings
United States
263,000
274,600
4%
19,200

What Is The Required Personal Financial Advisors Education & Experience? 2021

  • 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: 22
4 years: 36
Adelphi University Finance, General Garden City, NY 4 years: 24
More than 4 years: 0
Adrian College Finance, General Adrian, MI 4 years: 6
Alabama A & M University Finance, General Normal, AL 4 years: 7
Alabama State University Finance, General Montgomery, AL 4 years: 7
Alaska Pacific University Finance, General Anchorage, AK Less than one year: 1
More than 4 years: 1
Albertus Magnus College Financial Planning and Services New Haven, CT Less than one year: 1
Albertus Magnus College Finance, General New Haven, CT 4 years: 6
Albion College Finance, General Albion, MI 4 years: 0
Alfred University Finance, General Alfred, NY 4 years: 8

Personal Financial Advisors Schools ?

School
Program Name
Location
Length / Graduates
Finance, General
Abilene, TX
4 years: 22
4 years: 36
Finance, General
Garden City, NY
4 years: 24
More than 4 years: 0
Finance, General
Adrian, MI
4 years: 6
Finance, General
Normal, AL
4 years: 7
Finance, General
Montgomery, AL
4 years: 7
Finance, General
Anchorage, AK
Less than one year: 1
More than 4 years: 1
Financial Planning and Services
New Haven, CT
Less than one year: 1
Finance, General
New Haven, CT
4 years: 6
Finance, General
Albion, MI
4 years: 0
Finance, General
Alfred, NY
4 years: 8

Personal Financial Advisors Jobs Near Me .

Job Title Company Location Date Posted Federal Contractor
2021 - Financial Aid Advisor Bryant & Stratton Wauwatosa, Wisconsin 07/23/2021 No
2022 Early Talent: TFS Rotational Associate (Licensed Track) TIAA Charlotte, North Carolina 07/24/2021 Yes
Academic Advisor University of Oregon Eugene, Oregon 07/23/2021 No
Academic Advisor/Tutor Coordinator (999044) Wichita State University* Wichita, Kansas 07/24/2021 No
Administrative Assistant Randstad Tarrytown, New York 07/24/2021 Yes
Administrative Assistant (20086BR) Ameriprise Financial Chicago, Illinois 07/24/2021 No
Administrative Assistant MWLM Bank of America Northbrook, Illinois 07/24/2021 Yes
Admissions Advisor DeVry Education Group Indianapolis, Indiana 07/23/2021 No
Admissions Advisor DeVry Education Group Chicago, Illinois 07/23/2021 No
Advisor Services Associate-Orlando, FL Charles Schwab Orlando, Florida 07/24/2021 Yes

Personal Financial Advisors Jobs Near Me .

Location

New York, NY Chicago, IL Albany, NY Virtual, USA Austin, TX Atlanta, GA Seattle, WA San Francisco, CA Dallas, TX Washington, DC Phoenix, AZ Los Angeles, CA Boston, MA Salt Lake City, UT Sacramento, CA Indianapolis, IN Houston, TX Denver, CO Charlotte, NC San Diego, CA Minneapolis, MN Miami, FL Kansas City, MO Harrisburg, PA Fort Worth, TX Eugene, OR Tampa, FL Springfield, IL San Jose, CA San Antonio, TX Saint Paul, MN Richmond, VA Raleigh, NC Providence, RI Pittsburgh, PA Philadelphia, PA Ocala, FL Nashville, TN Memphis, TN Madison, WI Little Rock, AR Henderson, NV Greenwich, CT Des Moines, IA Cambridge, MA Baltimore, MD Alpharetta, GA Virginia Beach, VA Tucson, AZ Trenton, NJ Topeka, KS Tallahassee, FL Staten Island, NY State College, PA Scottsdale, AZ Santa Fe, NM Salem, OR Rochester, NY Reston, VA Redmond, WA Portland, OR Pierre, SD Orlando, FL Olympia, WA Oklahoma City, OK Norfolk, VA Montpelier, VT Montgomery, AL Londonderry, NH Lincoln, NE Las Colinas, TX Lansing, MI Juneau, AK Jefferson City, MO Jacksonville, FL Jackson, MS Irvine, CA Honolulu, HI Helena, MT Hartford, CT Frankfort, KY Findlay, OH Fargo, ND Fairfield, IA Dublin, OH Dover, DE District Of Columbia, DC Defiance, OH Costa Mesa, CA Coral Gables, FL Concord, NH Columbus, OH Columbia, SC Cleveland, OH Cleveland Heights, OH Cheyenne, WY Charleston, WV Carson City, NV Bonita, CA Boise, ID Bismarck, ND Birmingham, AL Belmont, MA Belfast, ME Baton Rouge, LA Augusta, ME Arlington, VA Annapolis, MD Anaheim, CA Alexandria, LA Yosemite National Park, CA Wichita, KS White City, OR Whippany, NJ Wethersfield, CT Westwood, MA Weston, FL West Columbia, SC Wayne, PA Wauwatosa, WI Watertown, MA Waterloo, IA Waterford, MI Washington Township, NJ Washington Dc, DC Warren, NJ Waltham, MA Walnut Creek, CA Virtual, IL Vernon Hills, IL Union City, GA Tuscaloosa, AL Tulsa, OK Troy, MI Torrance, CA Thornton, CO Tempe, AZ Tarrytown, NY Sunnyvale, CA Sunny Isles Beach, FL Sun City, AZ Summit, NJ Stillwater, OK Stamford, CT St. Paul, MN St Louis, MO Springfield, OR Springfield, MO Spring, TX Spring Hill, FL Spokane, WA Southport, CT South Burlington, VT South Bend, IN Sonoma, CA Simi Valley, CA Sheridan, WY Schenectady, NY San Juan, PR Salinas, CA Salem, NH Round Rock, TX Rosemead, CA Rolling Meadows, IL Rochester, MN Roanoke, VA Riverside, CA Ridgewood, NY Ridgefield, CT Richardson, TX Reno, NV Redwood City, CA Red Bluff, CA Princeton, NJ Poughkeepsie, NY Portage, MI Port St Lucie, FL Plantation, FL Plano, TX Pennington, NJ Pembroke Pines, FL Parsippany, NJ Paramus, NJ Ogden, UT Offutt Afb, NE O'Fallon, MO Odessa, TX Oakbrook Terrace, IL Oak Brook, IL Northbrook, IL North Wales, PA North Smithfield, RI North Miami Beach, FL Newtown Square, PA Newport Beach, CA Newark, NJ New Canaan, CT New Brunswick, NJ Needham, MA Murfreesboro, TN Mountain View, CA Mount Kisco, NY Monticello, MN Monroe, WA Mokena, IL Milwaukee, WI Middletown, NY Miami Lakes, FL Merriam, KS Mentor, OH Menlo Park, CA Mc Comb, OH Mansfield, MA Manhattan Beach, CA Manchester, NH Maitland, FL Louisville, KY Los Altos, CA Long Beach, CA Location Negotiable After Selection, USA Livonia, MI Littleton, CO Lisbon, OH Lincoln, RI Lima, OH Lilburn, GA Leeds, MA Laredo, TX Lanham-Seabrook, MD Lakeland, FL Lake Oswego, OR Kettering, KY Kent, OH Kenosha, WI Kenilworth, NJ Jersey City, NJ Irving, TX Huntley, IL Huntington, WV Huntersville, NC Hunt Valley, MD Hot Springs, AR Hingham, MA Hilton Head Island, SC Hialeah, FL Hialeah Gardens, FL Henrico, VA Hayward, CA Harrisonburg, VA Hammond, IN Greenwood Village, CO Greensboro, NC Grand Rapids, MI Glen Rock, NJ Garland, TX Ft. Pierce, FL Franklin, TN Fort Washington, PA Fort Mill, SC Fort Harrison, MT Fort Carson, CO Florham Park, NJ Fairport, NY Evansville, IN Euclid, OH Ellensburg, WA Eaton, OH Draper, UT Dover, NH Doraville, GA Denver Metro, CO Delphos, OH Crystal River, FL Columbiana, OH Columbia, MO Coconut Grove, FL Clearwater, FL Cincinnati, OH Chevy Chase, MD Charlotte, SC Chandler, AZ Castle Rock, CO Casselberry, FL Carmel, IN Canal Winchester, OH Calumet City, IL Buford, GA Bryan, TX Brownsville, TX Brighton, MA Brecksville, OH Bradenton, FL Bolingbrook, IL Bloomington, MN Billings, MT Bellevue, WA Beaumont, TX Beachwood, OH Bangor, ME Augusta, GA Atwater, CA Arvada, CO Arlington, TX Andover, MA Altamonte Springs, FL Alexandria, VA Alcoa, TN 1851 Bethlehem Pike (Br), USA
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Company

JPMorgan Chase UMB Bank Bank of America Merck Deloitte Anthem, Inc. Citigroup Microsoft Corporation Goldman Sachs & Co. Morgan Stanley Citizens Bank KeyBank Synchrony Accenture Charles Schwab Premier Bank Veterans Affairs, Veterans Health Administration Regions Bank Truist Salesforce.com, Inc Goldman Sachs & Company Aaron's Inc Fiserv ADP Aston Carter BMO Financial Group J&J Family of Companies Lane County Oracle Raymond James Financial, Inc. SCI Shared Resources, LLC AIG Better.com Lincoln Financial Group Penske Automotive U.S. Bank WSP-Parsons Brinckerhoff Alvarez & Marsal Holdings LLC Ameriprise Financial Asbury Corporate Office Assistant Secretary for Housing-Federal Housing Commissioner BlackRock Cambridge Investment Research, Inc. Cbiz Cleveland Clinic DeVry Education Group Dexis Professional Services Eide Bailly Federal Emergency Management Agency Georgia Employer Guggenheim Services, LLC Infor Johns Hopkins University Northfield Bank Randstad Air Combat Command Amazon Corporate LLC Amazon Corporate LLC Army National Guard Units AssistRx Avaya Inc. Bank of the West Bayer Brookdale Senior Living Bryant & Stratton Capital One Cirrus Aircraft Citizenship and Immigration Services Colorado State Columbia Bank Commonwealth Financial Network Cornell Cooperative Extension Defense Human Resources Activity Ecology And Environment Edward D. Jones Eide Bailly Equitable FIS Global Federal Aviation Administration Federal Communications Commission Federal Home Loan Bank of Boston First Federal Bank General Electric Goodwill - NNE Green Street Advisors, Inc. H&R Block HSBC Harvard University House of Blues Internal Revenue Service Justice, Bureau of Prisons/Federal Prison System KeyCorp King County Washington Live Nation MILWAUKEE INSTITUTE OF ART & DESIGN Mayo Clinic Mercy Medical Center Clinton Missouri State University National Park Service Nature America, Inc Neuberger Berman Office Depot Office of the Comptroller of the Currency Oklahoma Employment Security Commission Principal Life Insurance Company Principal Publix PwC SAP Signature Bank Southern California Edison State Street Strategic Resources, Inc. Sysco TIAA Texas A&M International University The Hartford The Inland Real Estate Group of companies, Inc. UNIVERSITY OF WISCONSIN - PARKSIDE USAA University of California Riverside, Bourns College University of Oregon University of Texas at Arlington Veterans Affairs, National Cemetery Administration Virginia State Government Visa Wage and Hour Division Washington Metropolitan Area Transit Authority Washington State Department of Natural Resources Wichita State University* Willis Towers Watson Zeiders Enterprises, Inc
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Job Title
Company
Location
Date Posted
Federal Contractor
Bryant & Stratton
Wauwatosa, Wisconsin
07/23/2021
No
TIAA
Charlotte, North Carolina
07/24/2021
Yes
University of Oregon
Eugene, Oregon
07/23/2021
No
Wichita State University*
Wichita, Kansas
07/24/2021
No
Randstad
Tarrytown, New York
07/24/2021
Yes
Ameriprise Financial
Chicago, Illinois
07/24/2021
No
Bank of America
Northbrook, Illinois
07/24/2021
Yes
DeVry Education Group
Indianapolis, Indiana
07/23/2021
No
DeVry Education Group
Chicago, Illinois
07/23/2021
No
Charles Schwab
Orlando, Florida
07/24/2021
Yes

Personal Financial Advisors 2021 Salary Guide By State

Common Careers