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Average Salary of a Financial Advisor

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  What Is a Financial Advisor? A financial advisor is a professional who is engaged in the business of informing and educating clients about wealth, investment and other sorts of money matters—and sometimes managing these financial affairs as well. It’s an umbrella term that includes stockbrokers, financial planners, investment advisors, tax preparers, bankers, insurance agents, and estate planners. According to the salary information website PayScale, in Jan. 2021 the average salary for a financial advisor in the United States is $59,708, with most salaries ranging from $38,000 to $109,000. In addition to salaries, financial advisors also receive compensation in the form of bonuses, profit sharing, and commissions. 1 The average annual bonus received by a financial advisor ranges from $2,000 to $31,000. The average annual profit-sharing compensation ranges from $995 to $18,000. The average annual commission compensation ranges from $4,000 to $182,000. The average total pay for financi
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