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Occupational Employment and Wage Statistics

Occupational Employment and Wages, May 2022

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)
283,060 1.3 % $ 66.22 $ 137,740 1.6 %

Percentile wage estimates for Personal Financial Advisors:

Percentile 10% 25% 50%
(Median) 		75% 90%
Hourly Wage $ 22.45 $ 29.79 $ 45.86 $ 79.61 (5)
Annual Wage (2) $ 46,700 $ 61,960 $ 95,390 $ 165,590 (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 204,430 20.18 $ 72.38 $ 150,540
Credit Intermediation and Related Activities (5221 and 5223 only) 50,400 2.49 $ 51.12 $ 106,320
Agencies, Brokerages, and Other Insurance Related Activities 8,180 0.64 $ 45.69 $ 95,040
Management of Companies and Enterprises 4,000 0.15 $ 65.67 $ 136,600
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 3,130 0.30 $ 44.09 $ 91,710

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 204,430 20.18 $ 72.38 $ 150,540
Other Investment Pools and Funds 950 5.49 $ 43.57 $ 90,620
Insurance and Employee Benefit Funds 460 4.57 $ 36.86 $ 76,670
Credit Intermediation and Related Activities (5221 and 5223 only) 50,400 2.49 $ 51.12 $ 106,320
Agencies, Brokerages, and Other Insurance Related Activities 8,180 0.64 $ 45.69 $ 95,040

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 204,430 20.18 $ 72.38 $ 150,540
Management of Companies and Enterprises 4,000 0.15 $ 65.67 $ 136,600
Automobile Dealers 530 0.04 $ 65.02 $ 135,230
Employment Services 340 0.01 $ 64.86 $ 134,910
Office Administrative Services 610 0.11 $ 64.79 $ 134,760

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 2022


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 32,670 1.85 0.97 $ 66.47 $ 138,260
New York 26,800 2.94 1.54 $ 97.63 $ 203,070
Florida 24,640 2.67 1.40 $ 58.06 $ 120,760
Texas 21,860 1.68 0.88 $ 56.38 $ 117,260
North Carolina 13,650 2.94 1.53 $ 63.79 $ 132,680


Map of location quotient of personal financial advisors by state, May 2022


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)
New York 26,800 2.94 1.54 $ 97.63 $ 203,070
North Carolina 13,650 2.94 1.53 $ 63.79 $ 132,680
New Hampshire 1,920 2.92 1.52 $ 48.56 $ 101,010
Florida 24,640 2.67 1.40 $ 58.06 $ 120,760
Kansas 3,380 2.45 1.28 $ 50.57 $ 105,180


Map of annual mean wages of personal financial advisors by state, May 2022


Top paying states for Personal Financial Advisors:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Alaska 160 0.53 0.28 $ 110.45 $ 229,730
New York 26,800 2.94 1.54 $ 97.63 $ 203,070
New Jersey 8,160 1.99 1.04 $ 83.89 $ 174,490
Pennsylvania 11,030 1.90 0.99 $ 78.56 $ 163,400
Massachusetts 7,850 2.20 1.15 $ 74.49 $ 154,930



Map of employment of personal financial advisors by area, May 2022


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 29,000 3.16 1.65 $ 100.12 $ 208,250
Los Angeles-Long Beach-Anaheim, CA 13,050 2.14 1.12 $ 58.70 $ 122,100
Chicago-Naperville-Elgin, IL-IN-WI 10,760 2.44 1.27 $ 65.76 $ 136,780
Dallas-Fort Worth-Arlington, TX 8,440 2.22 1.16 $ 62.63 $ 130,280
Miami-Fort Lauderdale-West Palm Beach, FL 8,360 3.18 1.66 $ 70.95 $ 147,570
Boston-Cambridge-Nashua, MA-NH 7,370 2.73 1.42 $ 73.80 $ 153,510
San Francisco-Oakland-Hayward, CA 6,900 2.88 1.51 $ 81.78 $ 170,100
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 6,800 2.46 1.28 $ 74.72 $ 155,420
Charlotte-Concord-Gastonia, NC-SC 6,460 5.09 2.66 $ 63.66 $ 132,410
Houston-The Woodlands-Sugar Land, TX 5,840 1.91 1.00 $ 53.44 $ 111,160


Map of location quotient of personal financial advisors by area, May 2022


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 2,200 5.59 2.92 $ 74.24 $ 154,410
The Villages, FL 190 5.22 2.73 $ 51.86 $ 107,870
Charlotte-Concord-Gastonia, NC-SC 6,460 5.09 2.66 $ 63.66 $ 132,410
Durham-Chapel Hill, NC 1,380 4.23 2.21 $ 67.71 $ 140,840
Portsmouth, NH-ME 350 3.88 2.03 $ 53.31 $ 110,880
Naples-Immokalee-Marco Island, FL 580 3.71 1.94 $ 57.92 $ 120,460
Jacksonville, FL 2,640 3.66 1.91 $ 60.12 $ 125,040
Trenton, NJ 860 3.65 1.91 $ 69.11 $ 143,740
Sebastian-Vero Beach, FL 180 3.38 1.76 $ 49.11 $ 102,150
Milwaukee-Waukesha-West Allis, WI 2,610 3.26 1.70 $ 69.72 $ 145,020