Financial Advisor Salary

Financial advisor salary is on the rise these days. With recession hitting hard, people are worried about their financial future. They look at their advisors with increasingly more expectations, to steer them through the financial quagmire, that the recession has got them in to. Consequently, financial advisor jobs have become increasingly popular with the increasing salary curve.

Job Profile
These professionals must advise clients, on all issues dealing with their finances and manage them. This includes, managing the client's investments and assets, with the purpose of making them grow. To do that, he must take the client's future financial requirements into consideration and also assess the amount of financial risk he/she can take. The client may be an individual, in which case, one becomes a personal financial advisor. It may also be a business firm, whom he may advise in financial matters. In personal financial planning, retirement planning is one of the main tasks. They must handle investment in stocks, bonds, mutual funds and other types of securities. Their job responsibility also include asset management and they are also the investment advisors of their client. These advisors earn through commissions and fixed fees. They perform the important task of complete financial management of an individual or a business.

There are many types of financial advisors, depending on their earning mode. There are some, who work for a fixed fee, while some who work only for commissions, based on the returns he/she gives a client. There are some who work for a brokerage firm, while some who work independently. Some take a fixed fee and commissions from their clients.

So, all salaries, have a 'fixed' and variable part. The fixed part comes in the form of fees and the variable part from the commissions. The fixed part constitutes the salary actually. The salary ranges given below, are the ones offered by various brokerage firms.

Personal Financial Advisor
As I said before, average salary has been on the rise in recent years. Here is a chart, that will give you a rough idea about average salary range, according to experience. This data is based on market surveys by various firms in USA.

Experience	Salary Range
0 - 1 Years	$30,000 to $44,000
1 - 4 Years	$30,000 to $52,000
5 - 9 Years	$43,000 to $90,000
10 - 19 Years	$48,000 to $100,000
20 Years and Above	$56,000 to $152,000

Associate Financial Advisor Salary
Here is the salary range, according to years of experience, in USA.

Experience	Salary Range
0 - 1 Years	$30,000 to $42,000
1 - 4 Years	$35,000 to $49,000
5 - 9 Years	$36,000 to $58,000
10- 19 Years	$37,000 to $60,000
20 Years and Above	$44,000 to $69,000

Being a financial advisor is a very challenging job, as people trust you with their life earnings and rely on your judgments to make them grow. Therefore, a financial advisor must have a thorough knowledge of the various investment options and must know the sectors in which he is investing the people's money.