Personal Financial Advisor


Quick Facts: Personal Financial Advisors
2010 Median Pay $56,890 per year
$37.54  per hour
Entry-Level Education Bachelor's degree
Related Work-experience none
On-the-job Training none
Number of Jobs in 2010 3,490
Job Outlook, 2010-20 4,640
Growth Openings 1,150
Total Openings 1,550
Licenses none
Source: Wisconsin Department of Workforce Development, Division of Employment and Training, 2013

What Personal Financial Advisors Do

Personal financial advisors give financial advice to people. They help with investments, taxes, and insurance decisions.

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Work Environment

Most personal financial advisors work in the finance and insurance industry or are self-employed. They typically   work full time and may meet with clients in the evenings or on weekends. 

Industries Where Personal Financial Advisor May Work

  • Administration and Waste Services
  • Finance and Insurance
  • Management of Companies and Enterprises
  • Professional, scientific, and technical services
  • Utilities

Additional detail . . .

three people sitting at a table, one person 
	talking with two other people, a setting suggesting a personal financial advisor and clients
Personal financial advisors meet with clients to discuss their financial goals

How to Become a Personal Financial Advisor

Personal financial advisors typically need a bachelor's degree. A master’s degree and certification can improve chances for advancement in the occupation.

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Compare the job duties, education, job growth, and pay of personal financial advisors with similar occupations for:

  • Budget Analysts
  • Financial Managers
  • Insurance Sales Agents
  • Real Estates Brokers and Sales Agents
  • Securities, Commodities, and Financial Services Sales Agents

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Job Outlook

Wisconsin employment of personal financial advisors is projected to grow 33 percent from 2010 to 2020.  Nationally as large numbers of baby boomers approach retirement age, they will seek planning advice from personal financial advisors.

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Source: Bureau of Labor Statistics , U.S., Department of Labor, Occupational Outlook Handbook, 2012-13 Edition.  And the Wisconsin Department of Workforce Development, Division of Employment and Training, Employment Projections 2010-2010.

WORKnet Last Modified: January 30, 2013

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