What is the average salary for financial advisors

The average salary earned by financial advisors differs between states. The salary levels of financial planners are higher in cities with a higher cost of living.

States such as the District of Columbia, Florida and North Carolina offer high salaries for financial advisors because of the large number and high concentration of financial companies in these states. The states in the Midwest and the South offer the lowest salaries for financial planners.

The lower demand for the services of financial planners and the lower cost of living result in lower salaries in these states. The list below shows the salaries for financial advisors for each state though these numbers may fluctuate. A financial advisor can get the CFP through education, passing an examination and work experience. Given that many industries can stand to benefit from financial advice and the skill set required will thus vary, there are many possible directions for this career path.

The following set of questions will provide some clarity:. Many financial advisors work in commodities, securities and other financial investment activities. Financial advisors work in the credit mediation or insurance fields.

Some financial advisors are self-employed. Skills that a financial advisor should have include:. A financial advisor with a bachelor's degree and a few years' on-the-job training, can complete different certifications.

The choice of certification depends on the position and the duties of the position. Certifications for financial advisors include:. Related: What Is On-the-job Training. People are living longer than before, resulting in longer retirement periods. Retirement funding needs to last longer than in the past.

A financial advisor can provide retiring individuals with the best advice to ensure that the retirement funds last as long as possible. Technological developments have complemented the developments in the financial advisor career field instead of reducing the job outlook for financial advisors. This growth rate is above the average growth rate of other career fields.

There will be an estimated , financial advisors in These jobs are related to that of a financial advisor:. Primary duties: Police officers respond to calls for help and triggered alarms in homes and businesses. They have a visible presence in the community to deter crime and to support citizens.

Police officers look for possible criminal activities or dangerous situations to ensure property and citizens remain safe and protected.

Primary duties: Insurance agents help customers decide on insurance policies to meet their specific needs. There are different insurance agents, such as health and long-term care insurance agents who sell policies for medical care and policies to cover the cost of assisted-living services in old age. Information tooltip for top licenses. Was the benefit information useful? Salary satisfaction. How much do similar professions get paid in United States?

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Get estimated pay range. See more details. Frequently asked questions Common questions about salaries for a Financial Advisor. How can I know if I am being paid fairly as a financial advisor? Was this answer helpful? Yes No. Financial Advisor Careers. Your Privacy Rights. To change or withdraw your consent choices for Investopedia.

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