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:
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:
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:
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.
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 |
United States Department of Labor
