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Financial Advisor Salary

The average salary for a Financial Advisor is $57,677 per year. The skills that increase pay for this job the most are financial planning, Investment Management, Portfolio Management, Investment Planning, and Financial Reporting. People in this job generally don't have more than 20 years' experience. Experience strongly influences income for this job.

$30,960 - $123,639

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$11.22 - $30.47

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Job Description for Financial Advisor

Financial advisors work primarily for financial institutions such as banks, mutual fund companies, and insurance companies. Generally, they work with individuals or institutional clients to assess their financial needs and help them achieve financial goals, such as choosing investments (money market, real estate investments, stocks and bonds), and they also explain tax laws relevant to certain investments and help with insurance decisions.


Financial advisors help clients plan for both short-term and long-term goals, such as education expenses if they have children who are going to college, or for their own retirement, and they recommend various investments to match clients' goals. A bachelor's degree in accounting, business, finance, or a related field is generally required for this position, and those with prior work experience with similar financial institutions may be preferred by some employers.

Applicants may be required to pass Series 6 and Series 7 exams and must be willing to learn their institution's computer system. Knowledge of Microsoft Office programs (Word, Excel, PowerPoint, Outlook) is important, and they

must also have excellent verbal and written communication skills and work well with diverse people. They must have thorough knowledge of government (federal, state, local) laws and regulations and follow Security Exchange Commission (SEC) rules and guidelines, as well. They should stay up-to-date with frequent changes in monetary rules and regulations, and some may visit companies with which their institutions are interested in investing. Some may also train or mentor junior financial advisors.

Financial Advisor Tasks

  • Interview clients and gather information to determine strategies for financial investments.
  • Prospect and maintain clientele.
  • Recommend and sell financial plans and products that will help meet financial goals.

Common Career Paths for Financial Advisor

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Financial Advisor Job Listings

Popular Employer Salaries for Financial Advisor

Popular Skills for Financial Advisor

Pay by Experience Level for Financial Advisor

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Key Stats for Financial Advisor

Job Satisfaction

Extremely satisfied Rated 5 out of 5
based on 279 votes.


Years of Experience


Common Health Benefits

vision benefits

Vision: 53%

dental benefits

None: 19%

Category: Advisor

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