How much money does a financial advisor earn?
Median annual earnings of wage and salary personal financial advisors were $66,120 in May 2006. The middle 50 percent earned between $44,130 and $114,260. The lowest 10 percent earned less than $32,340 and the highest 10 percent earned more than $145,600. Personal financial advisors who work for financial services firms are generally paid a salary plus bonus. Advisors who work for financial investment or planning firms or who are self-employed either charge hourly fees for their services or opt to earn their money through fees on stock and insurance purchases. Advisors generally receive commissions for financial products they sell, in addition to charging a fee. Those who manage a client’s assets may charge a percentage of those assets. Earnings of self-employed workers are not included in the medians given here.
