Median pay
$102,140
Median annual pay for Personal Financial Advisors.
U.S. Bureau of Labor Statistics · 2024
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Business and Finance
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.
10-year growth
9.6%
Projected employment growth from 2024 to 2034.
U.S. Bureau of Labor Statistics · 2024–2034 projections
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Annual openings
24,100
Projected annual openings, including growth and replacement demand.
U.S. Bureau of Labor Statistics · 2024–2034 projections
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Employment
326,000
Estimated U.S. employment for Personal Financial Advisors in 2024.
U.S. Bureau of Labor Statistics · 2024
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Jobs added or lost
+31,200
Projected numeric employment change from 2024 to 2034.
U.S. Bureau of Labor Statistics · 2024–2034 projections
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Entry preparation
Bachelor's degree
Typical additional preparation: Long-term on-the-job training.
U.S. Bureau of Labor Statistics · 2024 profile
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O*NET occupation profile
What the work involves
Strongest O*NET signals first.
Essential skills
- 1Active Listening
- 2Reading Comprehension
- 3Speaking
- 4Writing
- 5Critical Thinking
- 6Mathematics
Knowledge areas
- 1Customer and Personal Service
- 2Economics and Accounting
- 3English Language
- 4Mathematics
- 5Psychology
- 6Administration and Management
Abilities
- 1Oral Comprehension
- 2Oral Expression
- 3Speech Clarity
- 4Written Comprehension
- 5Inductive Reasoning
- 6Deductive Reasoning
Career interests
- 1Enterprising
- 2Conventional
- 3Social
- 4Investigative
- 5Artistic
- 6Realistic
Work styles
- 1Attention to Detail
- 2Integrity
- 3Dependability
- 4Cautiousness
- 5Intellectual Curiosity
- 6Social Orientation
Work activities
- 1Getting Information
- 2Analyzing Data or Information
- 3Working with Computers
- 4Establishing and Maintaining Interpersonal Relationships
- 5Making Decisions and Solving Problems
- 6Processing Information
Work context
- 1E-Mail
- 2Indoors, Environmentally Controlled
- 3Importance of Being Exact or Accurate
- 4Telephone Conversations
- 5Spend Time Sitting
- 6Determine Tasks, Priorities and Goals
Representative tasks
- Interview clients to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, or other information needed to develop a financial plan.
- Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
- Answer clients' questions about the purposes and details of financial plans and strategies.
- Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
- Manage client portfolios, keeping client plans up-to-date.
- Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
- Recommend financial products, such as stocks, bonds, mutual funds, or insurance.
- Implement financial planning recommendations, or refer clients to someone who can assist them with plan implementation.
Software and tools
Microsoft Excel · in demandMicrosoft Office software · in demandMicrosoft PowerPoint · in demandSalesforce software · hot technologySwift · hot technologyStructured query language SQL · hot technologyMicrosoft Visual Basic · hot technologyMicrosoft Word · hot technologyMicrosoft Project · hot technologyMicrosoft Outlook · hot technologyMicrosoft Access · hot technologyMicrosoft SQL Server · hot technology
Sources
BLS provides national pay, employment, and projections. O*NET provides skills, interests, preparation, tasks, work context, and tools.