Research
How to Become a Personal Financial Advisor: A Career Guide
Personal financial advisors help individuals and families manage their money through investment planning, retirement strategies, estate planning, tax optimization, and risk management. Their work is essential for helping clients achieve financial security and build wealth.
In 2023, there were 272,190 personal financial advisors employed in the United States, earning a median annual salary of $99,580. While employment declined by 3.8% from 2022, wages saw a 4.4% increase, reflecting strong demand for financial expertise.
Personal Financial Advisors Employment and Wages in 2022
In 2022, the Personal Financial Advisors occupation accounted for over 283 thousand jobs in the United States, reflecting an increase of 7.6% from 2021. The annual mean wage in 2022 was $137,740, and the median wage was $95,390. Compared to the national average for all occupations, the wages for this occupation were higher by 122.5%.