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Occupational Employment Statistics
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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.


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:

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
District of Columbia 810 1.12 0.78 $72.27 $150,310
Illinois 7,800 1.30 0.91 $68.48 $142,440
Connecticut 4,250 2.56 1.79 $66.08 $137,440
Massachusetts 7,960 2.20 1.54 $65.89 $137,050





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