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Personal Financial Advisors

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.

SOC: 13-2052.00

Common Job Titles

  • Certified Financial Planner (CFP)
  • Financial Advisor
  • Financial Planner
  • Portfolio Manager

Wage Data According to the Bureau of Labor Statistics

Annual wage data for Personal Financial Advisors (2024)

Estimated Total Employment (U.S.)

270,480

Wage Distribution by Percentile

Line chart of annual wages by percentile. U.S. is the solid line. 10th percentile: U.S. $49,990. 25th percentile: U.S. $70,620. 50th percentile: U.S. $102,140. 75th percentile: U.S. $172,540. 90th percentile: U.S. $239,200. Use the left and right arrow keys to move between percentiles.

  • U.S.
MetricU.S.
10% of workers earn the following or less$49,990
10% of workers earn the following or more$239,200+
Workers on average earn$160,210

+ indicates wage is at or above the BLS reporting cap ($239,200/year)

Skills & Requirements

Key competencies for this occupation, ranked by importance

  • Customer and Personal Service4.4/5
  • Economics and Accounting4.1/5
  • English Language3.9/5
  • Mathematics3.7/5
  • Psychology3.1/5
Skills & Requirements: Knowledge

Tools & Technology

Equipment and software commonly used in this occupation

In-Demand Technology

Frequently requested by employers in job postings

  • Microsoft Access
  • Microsoft Dynamics
  • Microsoft Excel
  • Microsoft Office software
  • Microsoft Outlook
  • Microsoft PowerPoint
  • Microsoft Project
  • Microsoft SQL Server
  • Microsoft Visual Basic
  • Microsoft Word
  • Salesforce software
  • Structured query language SQL
  • Swift

Technology Skills

  • ACT! ACT4Advisors
  • ASI Client Acquisition Solution
  • Advent Axys
  • AdviceAmerica AdvisorVision
  • Advisory World ICE
  • Asset allocation software
  • Automatic Data Processing ProxyEdge
  • Brentmark Stock Option Risk Analyzer
Tools & Technology: Technology Skills

Tools & Equipment

  • 10-key calculators
  • Desktop computers
  • Notebook computers
  • Personal computers
  • Personal digital assistants PDA
  • Tablet computers