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Occupational Employment and Wage Statistics
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Occupational Employment and Wages, May 2021

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:

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)
263,030 1.6 % $ 57.67 $ 119,960 1.0 %

Percentile wage estimates for Personal Financial Advisors:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $ 22.87 $ 29.42 $ 45.27 $ 76.39 (5)
Annual Wage (2) $ 47,570 $ 61,200 $ 94,170 $ 158,890 (5)


Industry profile for Personal Financial Advisors:

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 191,620 19.98 $ 62.75 $ 130,520
Credit Intermediation and Related Activities (5221 and 5223 only) 44,070 2.20 $ 45.17 $ 93,950
Agencies, Brokerages, and Other Insurance Related Activities 6,940 0.57 $ 41.04 $ 85,370
Management of Companies and Enterprises 4,300 0.17 $ 46.67 $ 97,060
Nondepository Credit Intermediation 2,810 0.45 $ 43.28 $ 90,020

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 191,620 19.98 $ 62.75 $ 130,520
Insurance and Employee Benefit Funds 940 11.24 $ 40.24 $ 83,690
Other Investment Pools and Funds 620 4.93 $ 52.10 $ 108,370
Credit Intermediation and Related Activities (5221 and 5223 only) 44,070 2.20 $ 45.17 $ 93,950
Agencies, Brokerages, and Other Insurance Related Activities 6,940 0.57 $ 41.04 $ 85,370

Top paying industries for 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 191,620 19.98 $ 62.75 $ 130,520
Monetary Authorities-Central Bank 40 0.21 $ 62.54 $ 130,070
Computer Systems Design and Related Services 200 0.01 $ 61.75 $ 128,440
Land Subdivision (8) (8) $ 58.22 $ 121,090
Employment Services 230 0.01 $ 58.13 $ 120,910


Geographic profile for Personal Financial Advisors:

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.



Map of employment of personal financial advisors by state, May 2021


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 32,990 2.00 1.07 $ 60.81 $ 126,480
New York 21,170 2.44 1.31 $ 75.98 $ 158,040
Florida 20,760 2.41 1.29 $ 50.42 $ 104,870
Texas 19,150 1.57 0.84 $ 53.10 $ 110,450
Illinois 14,360 2.56 1.37 $ 56.53 $ 117,580


Map of location quotient of personal financial advisors by state, May 2021


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 4,780 3.04 1.63 $ 59.42 $ 123,590
North Carolina 12,850 2.91 1.56 $ 55.78 $ 116,030
Rhode Island 1,320 2.89 1.55 $ 58.86 $ 122,420
Illinois 14,360 2.56 1.37 $ 56.53 $ 117,580
Massachusetts 8,510 2.51 1.34 $ 68.57 $ 142,630


Map of annual mean wages of personal financial advisors by state, May 2021


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 21,170 2.44 1.31 $ 75.98 $ 158,040
District of Columbia 450 0.68 0.36 $ 75.32 $ 156,670
Washington 5,020 1.56 0.84 $ 69.66 $ 144,890
Massachusetts 8,510 2.51 1.34 $ 68.57 $ 142,630
Montana 650 1.38 0.74 $ 67.64 $ 140,700



Map of employment of personal financial advisors by area, May 2021


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 21,290 2.45 1.31 $ 75.77 $ 157,610
Los Angeles-Long Beach-Anaheim, CA 13,840 2.42 1.30 $ 55.12 $ 114,660
Chicago-Naperville-Elgin, IL-IN-WI 12,060 2.85 1.53 $ 57.97 $ 120,580
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 8,210 3.09 1.66 $ 64.89 $ 134,970
San Francisco-Oakland-Hayward, CA 7,980 3.56 1.91 $ 77.41 $ 161,010
Boston-Cambridge-Nashua, MA-NH 7,940 3.07 1.64 $ 67.56 $ 140,520
Miami-Fort Lauderdale-West Palm Beach, FL 7,720 3.15 1.69 $ 52.22 $ 108,610
Dallas-Fort Worth-Arlington, TX 7,310 2.04 1.09 $ 55.66 $ 115,760
Charlotte-Concord-Gastonia, NC-SC 6,280 5.19 2.78 $ 58.52 $ 121,730
Atlanta-Sandy Springs-Roswell, GA 6,220 2.40 1.29 $ 54.87 $ 114,130


Map of location quotient of personal financial advisors by area, May 2021


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)
Bridgeport-Stamford-Norwalk, CT 2,890 7.71 4.13 $ 64.54 $ 134,250
Charlotte-Concord-Gastonia, NC-SC 6,280 5.19 2.78 $ 58.52 $ 121,730
The Villages, FL 140 4.14 2.22 $ 47.73 $ 99,280
Salt Lake City, UT 2,810 3.78 2.02 $ 41.87 $ 87,080
San Francisco-Oakland-Hayward, CA 7,980 3.56 1.91 $ 77.41 $ 161,010
Naples-Immokalee-Marco Island, FL 510 3.51 1.88 $ 54.80 $ 113,980
Milwaukee-Waukesha-West Allis, WI 2,750 3.49 1.87 $ 57.06 $ 118,680
Santa Fe, NM 190 3.39 1.82 $ 52.83 $ 109,890
Durham-Chapel Hill, NC 1,040 3.34 1.79 $ 58.43 $ 121,530
Miami-Fort Lauderdale-West Palm Beach, FL 7,720 3.15 1.69 $ 52.22 $ 108,610