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Personal Financial Advisors

Personal Financial Advisors
Quick Facts : Personal Financial Advisors*
2010 Median Pay$64,750
Entry Level EducationBachelor's degree
Work Experience in Related OccupationNone
Number of Jobs, 2012206,800
Job Outlook32% (Much faster than average)
Employment Change66,400


Personal financial advisors are people with expert knowledge on how to manage personal money and financial decisions. They offer their insight and advice to people that will give them a better handle on what to do with their investments, taxes, and insurance. Many personal financial advisors spend a lot of time marketing their services, and they meet potential clients by giving seminars or through business and social networking.

What Personal Financial Advisors Do

  • Meet with clients in person to discuss their financial goals
  • Explain the types of financial services they provide
  • Educate clients and answer questions about investment options and potential risks
  • Recommend investments to clients or select investments on their behalf
  • Help clients plan for specific circumstances, such as education expenses or retirement

Work Environment

Most personal financial advisors work in the finance and insurance industry or are self-employed. They typically work full time and may meet with clients in the evenings or on weekends.
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Job Outlook

Employment of personal financial advisors is projected to grow 32 percent from 2010 to 2020, with the primary driver of growth will be the aging population.
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Pay

The median annual wage of personal financial advisors was $64,750 in May 2010.
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Personal Financial Advisors*
Average Annual Salary, May 2010

Personal Financial Advisors

64750

Finance Occupations

59143.0435

All Jobs in the U.S.

52312.5223
Personal Financial Advisors*
Percent Change in Employment

Personal Financial Advisors

32.1083

Finance Occupations

18.39732977618342

All Jobs in the U.S.

15.767561808929724

Becoming a Personal Financial Advisors

Personal financial advisors typically need a bachelor's degree. Although employers usually do not require a specific field of study for personal financial advisors, a degree in finance, economics, accounting, business, mathematics, or law is good preparation for this occupation.
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