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Occupational Employment and Wage Statistics
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Occupational Employment and Wages, May 2020

13-2052 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. Excludes "Securities, Commodities, and Financial Services Sales Agents" (41-3031).


National estimates for Personal Financial Advisors
Industry profile for Personal Financial Advisors
Geographic profile for Personal Financial Advisors

National estimates for Personal Financial Advisors: Top

Employment estimate and mean wage estimates for Personal Financial Advisors:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
218,050 1.7 % $ 58.89 $ 122,490 1.2 %

Percentile wage estimates for Personal Financial Advisors:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $ 21.20 $ 28.58 $ 42.95 $ 75.49 (5)
Annual Wage (2) $ 44,100 $ 59,450 $ 89,330 $ 157,020 (5)


Industry profile for Personal Financial Advisors: Top

Industries with the highest published employment and wages for Personal Financial Advisors are provided. For a list of all industries with employment in Personal Financial Advisors, see the Create Customized Tables function.

Industries with the highest levels of employment in Personal Financial Advisors:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 159,650 16.94 $ 62.90 $ 130,820
Credit Intermediation and Related Activities (5221 and 5223 only) 32,720 1.61 $ 47.41 $ 98,610
Agencies, Brokerages, and Other Insurance Related Activities 6,090 0.51 $ 50.92 $ 105,920
Management of Companies and Enterprises 4,240 0.18 $ 52.81 $ 109,840
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 2,660 0.27 $ 51.28 $ 106,660

Industries with the highest concentration of employment in Personal Financial Advisors:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 159,650 16.94 $ 62.90 $ 130,820
Insurance and Employee Benefit Funds 640 9.24 $ 40.02 $ 83,240
Other Investment Pools and Funds 650 6.02 $ 65.91 $ 137,090
Credit Intermediation and Related Activities (5221 and 5223 only) 32,720 1.61 $ 47.41 $ 98,610
Agencies, Brokerages, and Other Insurance Related Activities 6,090 0.51 $ 50.92 $ 105,920

Top paying industries for Personal Financial Advisors:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Other Investment Pools and Funds 650 6.02 $ 65.91 $ 137,090
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 159,650 16.94 $ 62.90 $ 130,820
Real Estate 470 0.03 $ 62.71 $ 130,430
Legal Services 50 (7) $ 56.13 $ 116,750
Management of Companies and Enterprises 4,240 0.18 $ 52.81 $ 109,840


Geographic profile for Personal Financial Advisors: Top

States and areas with the highest published employment, location quotients, and wages for Personal Financial Advisors are provided. For a list of all areas with employment in Personal Financial Advisors, see the Create Customized Tables function.





States with the highest employment level in Personal Financial Advisors:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
California 28,290 1.72 1.10 $ 60.71 $ 126,280
New York 22,770 2.62 1.67 $ 81.40 $ 169,310
Florida 17,040 2.02 1.29 $ 49.45 $ 102,850
Texas 15,230 1.26 0.80 $ 47.76 $ 99,340
Illinois 9,400 1.67 1.07 $ 67.02 $ 139,410




States with the highest concentration of jobs and location quotients in Personal Financial Advisors:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Connecticut 4,820 3.13 2.00 $ 65.94 $ 137,160
New York 22,770 2.62 1.67 $ 81.40 $ 169,310
Rhode Island 1,110 2.50 1.60 $ 59.13 $ 123,000
Utah 3,580 2.40 1.53 $ 43.59 $ 90,670
Massachusetts 7,260 2.17 1.38 $ 72.78 $ 151,390




Top paying states for Personal Financial Advisors:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 22,770 2.62 1.67 $ 81.40 $ 169,310
Maine 640 1.11 0.71 $ 74.64 $ 155,240
Montana 430 0.95 0.61 $ 74.34 $ 154,630
Minnesota 4,470 1.65 1.05 $ 73.95 $ 153,830
Massachusetts 7,260 2.17 1.38 $ 72.78 $ 151,390





Metropolitan areas with the highest employment level in Personal Financial Advisors:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York-Newark-Jersey City, NY-NJ-PA 23,020 2.61 1.66 $ 81.66 $ 169,850
Los Angeles-Long Beach-Anaheim, CA 10,920 1.88 1.20 $ 50.87 $ 105,820
Chicago-Naperville-Elgin, IL-IN-WI 8,150 1.87 1.19 $ 70.14 $ 145,890
San Francisco-Oakland-Hayward, CA 7,740 3.32 2.12 $ 74.98 $ 155,960
Miami-Fort Lauderdale-West Palm Beach, FL 6,830 2.72 1.74 $ 52.73 $ 109,670
Boston-Cambridge-Nashua, MA-NH 6,820 2.62 1.67 $ 72.70 $ 151,210
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 6,100 2.26 1.44 $ 48.26 $ 100,380
Dallas-Fort Worth-Arlington, TX 5,970 1.66 1.06 $ 50.67 $ 105,400
Atlanta-Sandy Springs-Roswell, GA 5,190 1.97 1.26 $ 52.99 $ 110,210
Denver-Aurora-Lakewood, CO 3,900 2.68 1.71 $ 57.64 $ 119,890




Metropolitan areas with the highest concentration of jobs and location quotients in Personal Financial Advisors:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
The Villages, FL 150 4.86 3.10 (8) (8)
Salt Lake City, UT 2,800 3.87 2.47 $ 43.48 $ 90,450
Durham-Chapel Hill, NC 1,140 3.67 2.34 $ 60.70 $ 126,250
San Francisco-Oakland-Hayward, CA 7,740 3.32 2.12 $ 74.98 $ 155,960
Jackson, TN 210 3.31 2.11 $ 23.82 $ 49,550
Naples-Immokalee-Marco Island, FL 440 3.01 1.92 $ 48.36 $ 100,580
Milwaukee-Waukesha-West Allis, WI 2,410 3.00 1.91 $ 51.23 $ 106,550
Charlotte-Concord-Gastonia, NC-SC 3,460 2.86 1.82 $ 70.51 $ 146,650
Winston-Salem, NC 720 2.78 1.78 $ 51.14 $ 106,380
Miami-Fort Lauderdale-West Palm Beach, FL 6,830 2.72 1.74 $ 52.73 $ 109,670




Top paying metropolitan areas for Personal Financial Advisors:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Gainesville, FL 80 0.55 0.35 $ 99.09 $ 206,120
New York-Newark-Jersey City, NY-NJ-PA 23,020 2.61 1.66 $ 81.66 $ 169,850
Tyler, TX (8) (8) (8) $ 81.58 $ 169,690
Norwich-New London-Westerly, CT-RI 110 0.95 0.60 $ 80.51 $ 167,470
Portland-South Portland, ME 380 1.92 1.22 $ 80.47 $ 167,370
Santa Maria-Santa Barbara, CA 280 1.51 0.97 $ 79.60 $ 165,570
Eugene, OR 180 1.21 0.77 $ 79.36 $ 165,070
San Luis Obispo-Paso Robles-Arroyo Grande, CA 130 1.22 0.78 $ 79.16 $ 164,660
Minneapolis-St. Paul-Bloomington, MN-WI 3,560 1.93 1.23 $ 77.42 $ 161,020
Richmond, VA 1,020 1.63 1.04 $ 77.25 $ 160,670

Nonmetropolitan areas with the highest employment in Personal Financial Advisors:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Kansas nonmetropolitan area 470 1.24 0.79 $ 31.62 $ 65,770
Balance of Lower Peninsula of Michigan nonmetropolitan area 340 1.39 0.89 $ 41.23 $ 85,760
Northern Indiana nonmetropolitan area 230 1.14 0.73 $ 48.65 $ 101,180
Eastern Ohio nonmetropolitan area 190 1.50 0.96 $ 57.16 $ 118,890
Southeast Iowa nonmetropolitan area 190 0.89 0.57 $ 36.09 $ 75,060

Nonmetropolitan areas with the highest concentration of jobs and location quotients in Personal Financial Advisors:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Central New Hampshire nonmetropolitan area 150 1.61 1.03 $ 51.27 $ 106,640
Eastern Ohio nonmetropolitan area 190 1.50 0.96 $ 57.16 $ 118,890