How much does a financial advisor make?

In the U.S., pay often grows with experience, CFP certification, and senior responsibilities; it also differs by firm type or size, location, and the services or client assets managed. Some advisors get a salary and bonuses, while others charge fees or earn commissions, so their pay also depends on how they are paid.

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).

What's a typical day like?

They meet clients, ask about goals and finances, then use a computer to build a plan for saving, investing, or retirement. They explain choices, check accounts and markets, and follow up—sometimes at evening or weekend meetings.

U.S. advisors usually earn a bachelor’s degree, often studying business, social science, or math, then train with a senior advisor for over a year. Some need state licenses and exams; CFP certification adds coursework, a test, and experience.

Usually a bachelor's degree (preparation level 4 of 5)

Good for people who like leading and selling and keeping things organized.

Some U.S. financial advisors teach evening money seminars or attend networking events to find new clients—so their job includes bringing in business, not just managing money.