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Financial Advisor Assistant Salary

Financial Advisor Assistants in the United States are not likely to strike it rich; they only make around $41K per year on average. Total incomes of Financial Advisor Assistants incorporate potential for, in a few cases, more than $10K from bonuses and close to $17K from profit sharing; these performance components cause packages to range between $29K and $59K. Geographic location is the main element affecting pay for this group — years of experience and the particular employer are driving factors as well. While some workers in this profession — about one-half — do not have any health coverage, approximately one-half do receive medical benefits and just under a third have dental insurance. Most Financial Advisor Assistants survey respondents are women (75 percent). Work is enjoyable for Financial Advisor Assistants, who typically claim high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.

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$30,163 - $59,475

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$12.15 - $21.40

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Job Description for Financial Advisor Assistant

A financial advisor assistant is generally tasked with assisting a financial advisor with administering all aspects of client accounts. The assistant is generally the first person to interact with clients when they call, email, or come into the office. The financial advisor assistant normally works closely with one financial advisor, but they also assist other financial advisors and have frequent, extensive contact with customers. The assistant must warmly greet clients and prospective clients who enter the office, as well as handle the financial advisor's appointment calendar, accept incoming calls, and make outgoing calls. Additionally, they handle email and mail correspondence, input transactions for client accounts, and monitor client files for compliance with various regulations. More experienced assistants may make investment recommendations and eventually transition into a financial advisor position.

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Financial advisor assistants generally work in an office environment during regular business hours. In some cases, the assistant's hours are timed to coincide with the stock market opening, which could result in early morning hours depending on the time zone.

Required qualifications for this position vary by organization and opening. Some organizations require a two- or four-year college degree in business or finance; most at least prefer

a degree. Experience in the financial service industry is highly desired, and marketing or public relations experience may also be helpful. A working knowledge of financial products is essential; securities and insurance licenses are highly desirable.

Financial Advisor Assistant Tasks

  • Schedule appointments and assist clients with paperwork.
  • Assist financial advisor with client support and time management.
  • Handle financial operational problems, such as issues with statements and transactions.

Financial Advisor Assistant Job Listings

Popular Employer Salaries for Financial Advisor Assistant

Popular Skills for Financial Advisor Assistant

Survey participants wield an impressively varied skill set on the job. Most notably, facility with Customer Relations, Investment Planning, and Financial Advisor are correlated to pay that is significantly above average, leading to increases of 35 percent, 34 percent, and 33 percent, respectively. Skills that seem to negatively impact pay include Financial Applications and Compliance. Those educated in Client Interaction tend to be well versed in Customer Relationship Management (CRM).

Pay by Experience Level for Financial Advisor Assistant

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

Those in the early stages of their career can expect to make around $38K; however, individuals with five to 10 years of experience bring in $44K on average — a distinctly larger sum. Financial Advisor Assistants who work for 10 to 20 years in their occupation tend to earn about $48K. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $45K.

Key Stats for Financial Advisor Assistant

Skills That Affect Financial Advisor Assistant Salaries

Customer Relations

up arrow35%

Investment Planning

up arrow34%

Financial Advisor

up arrow33%

Investment Management

up arrow20%

Operations Management

up arrow17%

Financial Analysis

up arrow14%

Office Management

up arrow13%up arrow7%

Customer Relationship Management (CRM)

up arrow4%

Client Interaction

up arrow1%

Customer Service

up arrow1%up arrow6%

Financial Applications

up arrow11%

Job Satisfaction

Extremely satisfied Rated 5 out of 5
based on 79 votes.

Gender

Years of Experience

6%
54%
18%
17%
4%

Common Health Benefits

vision benefits

Vision: 23%

dental benefits

None: 48%


Category: Advisor

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