Occupational Employment and Wages, May 2014

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)
196,490 1.4 % $51.97 $108,090 1.1 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $17.07 $25.28 $38.97 $66.99 (5)
Annual Wage (2) $35,500 $52,590 $81,060 $139,350 (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 71,950 16.91 $57.37 $119,320
Securities and Commodity Contracts Intermediation and Brokerage 56,700 12.81 $57.30 $119,180
Depository Credit Intermediation 30,900 1.83 $39.74 $82,660
Management of Companies and Enterprises 6,790 0.31 $49.17 $102,280
Nondepository Credit Intermediation 6,150 1.05 $35.79 $74,430

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 71,950 16.91 $57.37 $119,320
Securities and Commodity Contracts Intermediation and Brokerage 56,700 12.81 $57.30 $119,180
Other Investment Pools and Funds 450 6.11 $49.50 $102,950
Depository Credit Intermediation 30,900 1.83 $39.74 $82,660
Insurance and Employee Benefit Funds 110 1.58 $44.57 $92,710

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Other Financial Investment Activities 71,950 16.91 $57.37 $119,320
Securities and Commodity Contracts Intermediation and Brokerage 56,700 12.81 $57.30 $119,180
Securities and Commodity Exchanges 60 0.98 $54.14 $112,600
Agencies, Brokerages, and Other Insurance Related Activities 6,050 0.61 $49.51 $102,990
Other Investment Pools and Funds 450 6.11 $49.50 $102,950


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 26,820 3.04 2.09 $65.39 $136,000
California 22,680 1.50 1.03 $54.44 $113,240
Texas 13,920 1.24 0.85 $49.40 $102,760
Florida 11,560 1.51 1.04 $49.31 $102,560
Illinois 11,520 2.00 1.37 $47.43 $98,640



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 26,820 3.04 2.09 $65.39 $136,000
Connecticut 3,610 2.19 1.51 $64.70 $134,570
Delaware 910 2.14 1.47 $47.24 $98,250
Illinois 11,520 2.00 1.37 $47.43 $98,640
Massachusetts 6,250 1.88 1.29 $63.70 $132,500



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 26,820 3.04 2.09 $65.39 $136,000
Connecticut 3,610 2.19 1.51 $64.70 $134,570
Massachusetts 6,250 1.88 1.29 $63.70 $132,500
Maine 410 0.71 0.49 $60.68 $126,200
Kansas 1,850 1.36 0.94 $59.01 $122,750




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-White Plains-Wayne, NY-NJ Metropolitan Division 23,360 4.33 2.98 $67.22 $139,820
Chicago-Joliet-Naperville, IL Metropolitan Division 9,500 2.53 1.74 $48.67 $101,230
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 6,110 1.51 1.04 $51.34 $106,780
Boston-Cambridge-Quincy, MA NECTA Division 5,190 2.89 1.99 $66.10 $137,480
Atlanta-Sandy Springs-Marietta, GA 4,690 1.97 1.35 $56.45 $117,410
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 4,410 4.06 2.79 $65.06 $135,330
Philadelphia, PA Metropolitan Division 4,150 2.23 1.53 $60.57 $125,980
Dallas-Plano-Irving, TX Metropolitan Division 3,860 1.73 1.19 $55.20 $114,820
Santa Ana-Anaheim-Irvine, CA Metropolitan Division 3,760 2.54 1.74 $54.49 $113,330
Houston-Sugar Land-Baytown, TX 3,720 1.31 0.90 $54.20 $112,730



Metropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Bridgeport-Stamford-Norwalk, CT 2,260 5.35 3.68 $66.74 $138,830
New York-White Plains-Wayne, NY-NJ Metropolitan Division 23,360 4.33 2.98 $67.22 $139,820
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 4,410 4.06 2.79 $65.06 $135,330
Boston-Cambridge-Quincy, MA NECTA Division 5,190 2.89 1.99 $66.10 $137,480
Naples-Marco Island, FL 350 2.81 1.93 $55.76 $115,980
Charlotte-Gastonia-Rock Hill, NC-SC 2,540 2.79 1.92 $54.25 $112,840
Trenton-Ewing, NJ 590 2.64 1.81 $55.03 $114,460
Santa Ana-Anaheim-Irvine, CA Metropolitan Division 3,760 2.54 1.74 $54.49 $113,330
Wilmington, DE-MD-NJ Metropolitan Division 850 2.53 1.74 $46.50 $96,710
Chicago-Joliet-Naperville, IL Metropolitan Division 9,500 2.53 1.74 $48.67 $101,230