Occupational Employment and Wages, May 2016

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)
201,850 1.4 % $59.18 $123,100 1.0 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $19.79 $27.63 $43.53 $77.16 (5)
Annual Wage (2) $41,160 $57,460 $90,530 $160,490 (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)
Other Financial Investment Activities 78,210 17.11 $61.32 $127,540
Securities and Commodity Contracts Intermediation and Brokerage 59,670 13.33 $66.93 $139,210
Depository Credit Intermediation 30,900 1.84 $48.15 $100,140
Management of Companies and Enterprises 7,900 0.34 $55.05 $114,500
Agencies, Brokerages, and Other Insurance Related Activities 7,160 0.65 $47.20 $98,170

Industries with the highest concentration of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Other Financial Investment Activities 78,210 17.11 $61.32 $127,540
Securities and Commodity Contracts Intermediation and Brokerage 59,670 13.33 $66.93 $139,210
Other Investment Pools and Funds 490 8.66 $54.75 $113,870
Depository Credit Intermediation 30,900 1.84 $48.15 $100,140
Securities and Commodity Exchanges 80 1.73 $68.29 $142,050

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Securities and Commodity Exchanges 80 1.73 $68.29 $142,050
Securities and Commodity Contracts Intermediation and Brokerage 59,670 13.33 $66.93 $139,210
Business, Professional, Labor, Political, and Similar Organizations 60 0.01 $65.90 $137,070
Other Professional, Scientific, and Technical Services 530 0.08 $63.92 $132,960
Other Financial Investment Activities 78,210 17.11 $61.32 $127,540


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 27,790 3.06 2.13 $74.47 $154,900
California 24,580 1.54 1.07 $69.02 $143,570
Illinois 12,890 2.18 1.52 $55.82 $116,110
Texas 12,660 1.08 0.75 $55.46 $115,350
Florida 11,270 1.37 0.95 $59.47 $123,690




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 27,790 3.06 2.13 $74.47 $154,900
Connecticut 4,300 2.58 1.79 $64.04 $133,210
Illinois 12,890 2.18 1.52 $55.82 $116,110
Maryland 5,110 1.93 1.35 $52.38 $108,940
Massachusetts 6,520 1.88 1.31 $49.32 $102,580




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 27,790 3.06 2.13 $74.47 $154,900
California 24,580 1.54 1.07 $69.02 $143,570
Maine 410 0.70 0.48 $68.37 $142,200
New Hampshire 700 1.08 0.75 $66.50 $138,320
District of Columbia 500 0.71 0.49 $64.97 $135,130





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-Jersey City-White Plains, NY-NJ Metropolitan Division 25,490 3.87 2.69 $76.27 $158,650
Chicago-Naperville-Arlington Heights, IL Metropolitan Division 10,650 2.93 2.04 $57.17 $118,920
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 6,730 1.59 1.11 $68.11 $141,680
Boston-Cambridge-Newton, MA NECTA Division 5,640 3.13 2.18 $47.92 $99,670
San Francisco-Redwood City-South San Francisco, CA Metropolitan Division 4,500 4.22 2.93 $77.60 $161,410
Atlanta-Sandy Springs-Roswell, GA 4,430 1.73 1.21 $59.75 $124,270
Houston-The Woodlands-Sugar Land, TX 3,550 1.21 0.84 $52.67 $109,560
Anaheim-Santa Ana-Irvine, CA Metropolitan Division 3,450 2.21 1.54 $59.67 $124,120
Dallas-Plano-Irving, TX Metropolitan Division 3,360 1.38 0.96 $64.75 $134,670
Phoenix-Mesa-Scottsdale, AZ 3,320 1.72 1.19 $51.33 $106,760