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Occupational Employment and Wages, May 2019
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 this occupation
Industry profile for this occupation
Geographic profile for this occupation
National estimates for this occupation: Top
Employment estimate and mean wage estimates for this occupation:
| Employment (1) |
Employment
RSE (3) |
Mean hourly
wage |
Mean annual
wage (2) |
Wage RSE (3) |
| 210,190 |
1.5 % |
$57.35 |
$119,290 |
1.1 % |
Percentile wage estimates for this occupation:
| Percentile |
10% |
25% |
50%
(Median) |
75% |
90% |
| Hourly Wage |
$20.65 |
$27.78 |
$42.24 |
$74.27 |
(5) |
| Annual Wage (2) |
$42,950 |
$57,780 |
$87,850 |
$154,480 |
(5) |
Industry profile for this occupation: Top
Industries with the highest published employment and wages for this occupation are provided.
For a list of all industries with employment in this occupation, see the Create Customized Tables function.
Industries with the highest levels of employment in this occupation:
| Industry |
Employment (1) |
Percent of industry employment |
Hourly mean wage |
Annual mean wage (2) |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities |
151,810 |
16.14 |
$61.23 |
$127,350 |
| Credit Intermediation and Related Activities (5221 And 5223 only) |
32,400 |
1.58 |
$47.65 |
$99,120 |
| Agencies, Brokerages, and Other Insurance Related Activities |
6,320 |
0.53 |
$44.66 |
$92,900 |
| Management of Companies and Enterprises |
4,330 |
0.18 |
$50.63 |
$105,300 |
| Accounting, Tax Preparation, Bookkeeping, and Payroll Services |
2,610 |
0.27 |
$47.15 |
$98,070 |
Industries with the highest concentration of employment in this occupation:
| Industry |
Employment (1) |
Percent of industry employment |
Hourly mean wage |
Annual mean wage (2) |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities |
151,810 |
16.14 |
$61.23 |
$127,350 |
| Insurance and Employee Benefit Funds |
590 |
9.63 |
$40.93 |
$85,140 |
| Other Investment Pools and Funds |
540 |
5.58 |
$63.32 |
$131,700 |
| Credit Intermediation and Related Activities (5221 And 5223 only) |
32,400 |
1.58 |
$47.65 |
$99,120 |
| Agencies, Brokerages, and Other Insurance Related Activities |
6,320 |
0.53 |
$44.66 |
$92,900 |
Top paying industries for this occupation:
| Industry |
Employment (1) |
Percent of industry employment |
Hourly mean wage |
Annual mean wage (2) |
| Real Estate |
(8) |
(8) |
$91.30 |
$189,910 |
| Other Investment Pools and Funds |
540 |
5.58 |
$63.32 |
$131,700 |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities |
151,810 |
16.14 |
$61.23 |
$127,350 |
| Management of Companies and Enterprises |
4,330 |
0.18 |
$50.63 |
$105,300 |
| Local Government, excluding schools and hospitals (OES Designation) |
200 |
(7) |
$48.54 |
$100,970 |
Geographic profile for this occupation: Top
States and areas with the highest published employment, location quotients, and wages for this occupation are provided.
For a list of all areas with employment in this occupation, see the Create Customized Tables function.
States with the highest employment level in this occupation:
| State |
Employment (1) |
Employment per thousand jobs |
Location quotient (9) |
Hourly mean wage |
Annual mean wage (2) |
| New York |
26,150 |
2.75 |
1.92 |
$80.19 |
$166,790 |
| California |
25,910 |
1.49 |
1.04 |
$56.58 |
$117,690 |
| Florida |
15,830 |
1.80 |
1.26 |
$54.65 |
$113,670 |
| Texas |
12,800 |
1.03 |
0.72 |
$49.17 |
$102,280 |
| Pennsylvania |
9,260 |
1.57 |
1.10 |
$50.16 |
$104,330 |
States with the highest concentration of jobs and location quotients in this occupation:
| State |
Employment (1) |
Employment per thousand jobs |
Location quotient (9) |
Hourly mean wage |
Annual mean wage (2) |
| New York |
26,150 |
2.75 |
1.92 |
$80.19 |
$166,790 |
| Connecticut |
4,250 |
2.56 |
1.79 |
$66.08 |
$137,440 |
| Massachusetts |
7,960 |
2.20 |
1.54 |
$65.89 |
$137,050 |
| Wisconsin |
5,320 |
1.85 |
1.29 |
$52.22 |
$108,610 |
| Colorado |
4,890 |
1.82 |
1.27 |
$54.60 |
$113,570 |
Top paying States for this occupation:
Metropolitan areas with the highest employment level in this occupation:
| 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 |
26,900 |
2.79 |
1.95 |
$79.73 |
$165,830 |
| Los Angeles-Long Beach-Anaheim, CA |
11,090 |
1.78 |
1.24 |
$45.40 |
$94,420 |
| Boston-Cambridge-Nashua, MA-NH |
7,540 |
2.69 |
1.88 |
$65.84 |
$136,940 |
| San Francisco-Oakland-Hayward, CA |
7,100 |
2.87 |
2.01 |
$75.83 |
$157,720 |
| Chicago-Naperville-Elgin, IL-IN-WI |
6,730 |
1.44 |
1.01 |
$71.96 |
$149,670 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |
6,320 |
2.20 |
1.54 |
$45.58 |
$94,800 |
| Miami-Fort Lauderdale-West Palm Beach, FL |
6,150 |
2.33 |
1.63 |
$56.84 |
$118,230 |
| Dallas-Fort Worth-Arlington, TX |
4,960 |
1.36 |
0.95 |
$53.33 |
$110,920 |
| Atlanta-Sandy Springs-Roswell, GA |
4,180 |
1.52 |
1.07 |
$52.81 |
$109,840 |
| Denver-Aurora-Lakewood, CO |
3,640 |
2.40 |
1.68 |
$56.39 |
$117,290 |
|
United States Department of Labor
