average compensation for financial advisors
The Survey Saysâ¦. According to data compiled by US News, the median annual salary for a financial advisor was $67,520 in 2012, the last year they performed such research. The mean average salary was $90,820, with the lowest-paid advisers earning less than $32,280 and the highest paid earning $187,199 or more. US News goes on to say that many financial advisors earn far more than this via substantial bonuses. The 2013 FA Insight Study of Advisory Firms: People and Pay study showed median financial adviser compensation as follows: -Support Advisers earned $58,024 in 2013, up from $53,000 in 2011, and up from $51,150 in 2009.
The median annual salary for financial advisors was $81,060 in 2014, with the lowest-paid earning less than $35,500 and the highest-paid earning more than $187,199. On top of their salaries, many advisors also earn substantial bonuses. The best-paid financial advisors live in the metropolitan areas of Danbury, Connecticut; Panama City, Florida; and Great Falls, Montana.