Average Personal Financial Advisors Salary in U.S.
Personal Financial Advisors in the U.S. earn an average annual salary of $160,360. This figure precisely matches the national average, indicating that compensation in this region is aligned with broader economic trends. Factors such as the robust financial sector and high demand for expert financial guidance likely contribute to this competitive pay scale.
Executive Summary
- Average Salary: $160,360 per year.
- Growth Trend: Salaries have shifted 62.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $240,540.
- Outlook: The U.S. boasts a substantial workforce of 270,000 Personal Financial Advisors, reflecting a significant presence in the financial advisory sector. While a specific Location Quotient is not provided, the sheer volume of professionals suggests a dynamic and active job market. This large pool of talent indicates a mature industry where opportunities are likely present, though competition may also be a factor.
Salary Overview
The average Personal Financial Advisors in U.S. earns-0.0%below the national average.
$77.1
$3,084
$13,363
Personal Financial Advisors Salary Trends (2020-2024)
Over the past four years, it is reasonable to assume that the average salary for Personal Financial Advisors in the U.S. has experienced steady growth. This trend is generally observed across the financial services industry, driven by increasing demand for financial planning services, evolving market conditions, and the continuous need for skilled professionals to navigate complex economic landscapes.
Personal Financial Advisors Salary Distribution in U.S.
Salary progression for Personal Financial Advisors is strongly tied to experience and demonstrated success. Entry-level positions typically offer a lower starting salary, while seasoned professionals with a proven track record and specialized expertise can command significantly higher earnings. The widening gap between entry-level and senior-level salaries, often reflected in percentile data, clearly signifies substantial career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,040 | $24.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $120,270 | $57.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $102,230 | $49.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $200,450 | $96.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $240,540 | $115.6 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$160,360
Gross Pay
Real Wage (Purchasing Power)
$160,360
Adjusted for COL (100)
The average annual salary of $160,360 in the U.S. is perfectly balanced by a Cost of Living Index of 100, which represents the national average. This means that the purchasing power of a Personal Financial Advisor's salary in this location is equivalent to the national standard, offering a stable financial standing without significant upward or downward adjustments needed for daily expenses.
Job Market Context
270,000
Total Jobs
N/A
Per 1K Jobs
N/A
Location Quotient
With a Location Quotient of N/A, it's challenging to definitively assess the concentration of Personal Financial Advisors relative to the national average. However, the substantial total local workforce of 270,000 suggests a significant and established market for these professionals. This indicates a competitive environment where advisors must differentiate themselves through expertise and client service to thrive.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Joplin, MO-KS Personal Financial Advisors Salary | $96,040↓ 40% | 67 mi |
| Tulsa, OK Personal Financial Advisors Salary | $118,700↓ 26% | 67 mi |
| Wichita, KS Personal Financial Advisors Salary | $164,200↑ 2% | 99 mi |
Comparing salaries near U.S.
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in U.S.?
The median annual salary for a Personal Financial Advisors in U.S. is $160,360. This typically ranges from $50,040 for entry-level positions to $240,540 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in U.S. is 0.0% lower than the national median of $160,360.
Is U.S. a lucrative place for Personal Financial Advisorss?
Yes, the U.S. offers a lucrative environment for Personal Financial Advisors.The average salary of $160,360 aligns perfectly with the national average, and the Cost of Living Index of 100 indicates strong purchasing power. A large workforce of 270,000 also suggests a robust market.
Is U.S. a good place to live for Personal Financial Advisors?
The Cost of Living Index in U.S. is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near U.S.?
Some top paying nearby cities include Joplin, MO-KS ($96,040) and Tulsa, OK.
What is the average salary for a Personal Financial Advisor in the U.S.?
The average annual salary for a Personal Financial Advisor in the U.S. is $160,360.
How does the cost of living in the U.S. compare to the national average?
The Cost of Living Index in the U.S. is 100, which is exactly the national average, meaning expenses are neither significantly higher nor lower than the typical U.S. location.
What is the size of the Personal Financial Advisor workforce in the U.S.?
The total local workforce for Personal Financial Advisors in the U.S. is approximately 270,000 individuals.
Does experience significantly impact a Personal Financial Advisor's salary in the U.S.?
Yes, experience is a key driver of salary growth for Personal Financial Advisors, with senior roles commanding substantially higher compensation than entry-level positions.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270,000 employees in the U.S. area with a job density of per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in U.S.