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Occupational Employment and Wage Statistics

Occupational Employment and Wages, May 2023

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)
272,190 1.4 % $ 72.44 $ 150,670 1.7 %

Percentile wage estimates for Personal Financial Advisors:

Percentile 10% 25% 50%
(Median) 		75% 90%
Hourly Wage $ 23.43 $ 31.41 $ 47.88 $ 81.69 (5)
Annual Wage (2) $ 48,730 $ 65,320 $ 99,580 $ 169,910 (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 191,490 18.00 $ 78.95 $ 164,210
Credit Intermediation and Related Activities (5221 and 5223 only) 48,360 2.37 $ 54.18 $ 112,700
Agencies, Brokerages, and Other Insurance Related Activities 7,560 0.57 $ 49.93 $ 103,860
Management of Companies and Enterprises 5,050 0.18 (8) (8)
Management, Scientific, and Technical Consulting Services 3,470 0.19 $ 58.77 $ 122,240

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 191,490 18.00 $ 78.95 $ 164,210
Other Investment Pools and Funds 1,120 6.05 $ 61.79 $ 128,510
Insurance and Employee Benefit Funds 390 3.39 $ 38.86 $ 80,820
Credit Intermediation and Related Activities (5221 and 5223 only) 48,360 2.37 $ 54.18 $ 112,700
Agencies, Brokerages, and Other Insurance Related Activities 7,560 0.57 $ 49.93 $ 103,860

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 191,490 18.00 $ 78.95 $ 164,210
Oil and Gas Extraction 60 0.05 $ 70.97 $ 147,620
Business, Professional, Labor, Political, and Similar Organizations (8) (8) $ 65.66 $ 136,570
Other Investment Pools and Funds 1,120 6.05 $ 61.79 $ 128,510
Automobile Dealers 430 0.03 $ 60.59 $ 126,030

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 2023


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 32,100 1.79 1.00 $ 68.86 $ 143,240
New York 27,440 2.92 1.63 $ 98.98 $ 205,870
Florida 20,920 2.19 1.22 $ 72.38 $ 150,550
Texas 18,740 1.38 0.77 $ 56.92 $ 118,390
North Carolina 14,500 3.02 1.69 $ 65.98 $ 137,240


Map of location quotient of personal financial advisors by state, May 2023


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 Hampshire 2,100 3.11 1.74 $ 48.47 $ 100,820
North Carolina 14,500 3.02 1.69 $ 65.98 $ 137,240
New York 27,440 2.92 1.63 $ 98.98 $ 205,870
Massachusetts 8,840 2.43 1.35 $ 75.35 $ 156,730
Kansas 3,310 2.35 1.31 $ 75.75 $ 157,570


Map of annual mean wages of personal financial advisors by state, May 2023


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 120 0.39 0.22 $ 108.97 $ 226,650
New York 27,440 2.92 1.63 $ 98.98 $ 205,870
Louisiana 1,070 0.58 0.32 $ 88.92 $ 184,950
New Jersey 8,320 1.98 1.10 $ 85.72 $ 178,300
Pennsylvania 11,360 1.91 1.07 $ 84.08 $ 174,890



Map of employment of personal financial advisors by area, May 2023


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 28,610 3.01 1.68 $ 102.79 $ 213,810
Los Angeles-Long Beach-Anaheim, CA 11,490 1.86 1.04 $ 62.84 $ 130,700
Boston-Cambridge-Nashua, MA-NH 8,250 2.99 1.67 $ 72.59 $ 150,980
San Francisco-Oakland-Hayward, CA 8,230 3.40 1.90 $ 81.31 $ 169,110
Miami-Fort Lauderdale-West Palm Beach, FL 8,190 3.01 1.68 $ 75.62 $ 157,290
Dallas-Fort Worth-Arlington, TX 7,700 1.94 1.08 $ 59.54 $ 123,840
Chicago-Naperville-Elgin, IL-IN-WI 7,480 1.66 0.93 $ 78.12 $ 162,490
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 7,400 2.62 1.46 $ 79.50 $ 165,350
Charlotte-Concord-Gastonia, NC-SC 6,530 4.98 2.78 $ 66.02 $ 137,320
Washington-Arlington-Alexandria, DC-VA-MD-WV 5,290 1.71 0.95 $ 77.46 $ 161,110


Map of location quotient of personal financial advisors by area, May 2023


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)
Durham-Chapel Hill, NC 1,860 5.53 3.08 $ 57.23 $ 119,050
Bridgeport-Stamford-Norwalk, CT 2,150 5.36 2.99 $ 84.82 $ 176,430
Charlotte-Concord-Gastonia, NC-SC 6,530 4.98 2.78 $ 66.02 $ 137,320
The Villages, FL 160 4.33 2.42 $ 58.88 $ 122,470
Great Falls, MT 130 3.69 2.06 $ 60.63 $ 126,110
Trenton, NJ 870 3.67 2.05 $ 74.30 $ 154,540
Portsmouth, NH-ME 330 3.56 1.98 $ 55.86 $ 116,180
San Francisco-Oakland-Hayward, CA 8,230 3.40 1.90 $ 81.31 $ 169,110
Raleigh, NC 2,130 3.03 1.69 $ 75.45 $ 156,940
New York-Newark-Jersey City, NY-NJ-PA 28,610 3.01 1.68 $ 102.79 $ 213,810