What does a Financial Advisor do?

Financial advisors provide financial planning and support to clients to help manage their current finances and to plan for their financial futures regarding their short and long-term goals. They assist clients with portfolio management and counsel them on financial topics including investments, taxes, estate planning, college savings, insurance, mortgages, and retirement planning. Together with a client, they outline the best financial plan by determining factors like their expenses, income, and risk tolerance.

Financial advisors prepare and interpret financial document summaries, investment performance reports, and refer clients to additional outside financial professionals if needed. Keeping an open line of communication, they contact clients frequently to stay up-to-date on their life any changes in their status or finances. Financial advisors also give tax advice and sell insurance products. Financial advisors need a bachelor's degree in finance, economics, business, statistics or related fields.

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EducationBachelor's Degree
Work/Life Balance
3.6 ★
Salary Range--
Career Opportunity
3.6 ★
Avg. Experience2-4 years

Financial Advisor Salaries

Average Base Pay

$53,824 /yr
Same as national average
Not including cash compensation
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Median: $54K
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Glassdoor Estimated Salary

Financial Advisor Career Path

Learn how to become a Financial Advisor, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

Financial Advisor
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Financial Advisor Insights

Read what Financial Advisor professionals have to say about their job experiences and view top companies for this career.
Financial Advisor
Jun. 26, 2021

“My first one was absolutely amazing and at that time I was so happy working for rbc.”

Financial Coach
Mar. 9, 2020

“Working with really smart and driven people on projects that have an impact on our client's lives.”

Freedom 55 FinancialFreedom 55 Financial
Financial Security Advisor
Jun. 10, 2020

“Freedom 55 Financial is the best place to start your own practice and grow your business.”

Northwestern MutualNorthwestern Mutual
Financial Advisor
Jan. 2, 2020

“At the office I worked at there was an amazing work culture and I truly felt supported.”

Personal CapitalPersonal Capital
Financial Advisor
May 16, 2019

“it feels good to work in this capacity every day + the clients love it)”

Goldman SachsGoldman Sachs
Financial Advisor
Jan. 22, 2021

“Not great pay increases and promotions don't really mean higher pay and not really opportunities to increase pay based on performance”

Financial Advisor
May 4, 2020

“its a good company if you can focus on multiple priorities at any given time.”

State of FloridaState of Florida
Financial Examiner
May 7, 2019

“Management normally micromanagement style but this can range dramatically depending on the organizational chart/specific personnel.”

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Financial Advisor Interviews

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