How Much Do Financial Advisers Earn?

Financial advisors help individuals with complex financial topics, such as making investments, tax laws and insurance policies. This career field allows individuals to work for large companies, an independent agent or as a self-employed business owner.

Wages and Growth

The U.S. Bureau of Labor Statistics reports that the financial advisor field will grow much faster than average, about 30 percent from 2008 to 2018. In May 2008, the median annual wage was $69,050. The middle 50 percent earned from $46,390 to $119,290 annually.

Features

Financial advisors help individuals make long-term financial plans. Plans include specific goals for each client, risk management procedures and estimating future financial returns. Client interaction is not a daily activity. Most financial advisors check in quarterly, annually or when a client goes through a significant life change.

Considerations

The certified financial planner (CFP) designation helps financial advisors hone their craft. Candidates must have a bachelor's degree, three years experience and pass a comprehensive exam. Selling securities also requires financial advisors to pass various exams from FINRA, the U.S. agency responsible for regulating securities.

References

• U.S. Bureau of Labor Statistics: Personal Financial Advisors
• Financial Industry Regulatory Authority