How Much Do Wealth Advisor Make?
How much do wealth advisor make? Discover the average salary, base salary, and compensation for wealth advisor in the healthcare & medical category. Learn about wealth advisor pay per hour, per week, per month, and per annum with detailed salary ranges from $60,000 to $100,000.
How Much Do Wealth Advisor Make? Complete Salary Guide
How much do wealth advisor make? This is one of the most common questions in career planning. Wealth Advisor in the Healthcare & Medical field can expect to earn an average salary of $115,000 per year, with entry-level positions starting at $60,000 and experienced professionals earning up to $100,000 annually.
When breaking down the average salary of wealth advisor by time periods, wealth advisor typically make around $9,583.333 per month and approximately $2,211.538 per week. The basic salary of wealth advisor varies significantly based on experience level, location, and industry specialization. Entry-level wealth advisor typically start with a base salary of $60,000, while mid-career professionals earn an average of $90,000, and senior-level roles can command salaries exceeding $100,000.
The salary landscape for wealth advisor is influenced by several key factors including geographic location, years of experience, educational background, and specific industry demands. How much do wealth advisor make in a week? On average, this translates to approximately $2,211.538 per week. How much do wealth advisor make per annum? The annual salary range spans from $50,000 to $150,000, with the median salary sitting at $115,000. Additionally, many wealth advisor receive bonuses averaging $20,000 annually, representing approximately 20.5% of their base salary.
How Much Do Wealth Advisor Get Paid Per Annum? Wealth Advisor Salary
Annual salary data for wealth advisor across different experience levels, showing entry-level, mid-career, and experienced professional compensation ranges based on industry standards.
Entry Level Annual Salary
Mid-Career Annual Salary
Experienced Annual Salary
How Much Do Wealth Advisor Get Paid in a Month? Wealth Advisor Monthly Salary
Monthly salary breakdowns for wealth advisor at different career stages, providing practical budgeting insights and compensation expectations for financial planning.
Entry Level Monthly Salary
Mid-Career Monthly Salary
Experienced Monthly Salary
How Much Do Wealth Advisor Get Paid in Different Locations?
Geographic salary variations for wealth advisor across different cities and regions, including cost of living adjustments and regional market demand factors that impact compensation.
Wealth Advisor Salary Trends
Historical salary progression for wealth advisor over the past years, showing year-over-year compensation growth and market trends in the industry.
Wealth Advisor Salary Trends (2020 - 2025)
Bonus & Compensation Package
Additional compensation beyond base salary, including bonuses, commissions, and overtime opportunities that contribute to total annual earnings.
Bonus Percentage
of annual salary
Bonuses for Wealth Advisors are typically awarded based on performance metrics, client retention, revenue generation, and meeting or exceeding targets.
Average Bonus
annually
Commission
A Wealth Advisor role often includes commission or incentive opportunities based on client investments, performance metrics, and asset growth, enhancing earning potential significantly.
Overtime
Overtime pay is generally uncommon for Wealth Advisors, as they often work on a salary basis and have flexible schedules tied to client needs.
Employee Benefits Package
Comprehensive benefits and perks provided to employees, including health coverage, retirement plans, time off policies, and professional development opportunities.
Comprehensive Benefits
Typical benefits for a Wealth Advisor include health insurance, retirement plans like 401(k) with employer matching, paid time off (PTO), performance bonuses, continuing education reimbursement, flexible work schedules, and access to financial planning tools.
Wealth Advisor Job Overview
Comprehensive details about the wealth advisor role including daily responsibilities, work environment, physical demands, and key tasks that define this career path.
About This Role
A Wealth Advisor provides personalized financial guidance to clients, helping them manage investments, plan for retirement, and achieve financial goals. They assess individual needs, develop tailored strategies, and foster long-term relationships to ensure clients' wealth grows sustainably while navigating market complexities and minimizing risks effectively.
Primary Responsibilities
Client relationship management, financial planning and analysis, investment strategy development, risk assessment and management, portfolio management, tax planning, estate planning, retirement planning, market research and analysis, compliance and regulatory adherence.
Day-to-Day Tasks
A Wealth Advisor typically meets clients to discuss financial goals, analyzes investment portfolios, researches market trends, develops personalized strategies, monitors account performance, and stays updated on regulatory changes and economic news.
Work Environment
Hybrid
Wealth Advisors typically work in offices, meeting clients, analyzing financial data, collaborating with teams, and managing portfolios under pressure.
Physical Demands
Moderate
Wealth Advisors typically work in office settings, requiring long hours at desks, frequent client meetings, and occasional travel. Strong communication skills and professional attire are essential.
Wealth Advisor Requirements & Prerequisites
Essential qualifications and credentials needed to pursue a career as a wealth advisor, including educational background, certifications, and experience requirements.
Education
Bachelor’s degree.
Field: Finance, Economics, Business Administration, Accounting, Mathematics, Statistics, Financial Planning, Investment Management.
Experience
5 years
Employers seek Wealth Advisors with strong financial acumen, client relationship skills, relevant certifications, experience in investment strategies, and a proven track record of managing portfolios and achieving client goals.
Certifications
Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), Certified Investment Management Analyst (CIMA), Chartered Wealth Advisor (CWA), Certified Public Accountant (CPA), Financial Risk Manager (FRM), Chartered Financial Consultant (ChFC), Accredited Investment Fiduciary (AIF), Series 7 License, Series 66 License.
Required Skills
Financial analysis, investment strategy, client relationship management, communication skills, risk assessment, market research, regulatory knowledge, problem-solving.
Technical Skills
Soft Skills
Wealth Advisor Career Path
Professional progression opportunities for wealth advisor from entry-level to senior management, including typical career advancement timeline and role evolution.
Entry Level
Financial Analyst, Client Services Associate, Investment Specialist
Early-career Wealth Advisors assist clients in managing finances, creating investment strategies, building portfolios, and providing personalized financial advice to achieve their long-term financial goals.
Mid-Career
Financial Analyst, Investment Consultant, Client Relationship Manager
Mid-career Wealth Advisors manage client portfolios, provide financial planning, cultivate relationships, analyze market trends, recommend investment strategies, and ensure compliance with regulations to achieve clients' goals.
Senior Management
Senior Wealth Advisor, Wealth Management Director, Chief Investment Officer
Senior Wealth Advisors manage high-net-worth clients' investments, develop tailored financial strategies, provide estate planning, and ensure comprehensive wealth management to achieve long-term financial goals.
Career Progression Timeline
Timeline: 10 years
Wealth Advisors typically start as junior associates, progressing to senior roles through experience and client acquisition, ultimately advancing to management or specialized advisory positions. Continuous education enhances career growth opportunities.
Wealth Advisor Industry & Growth
Market outlook and growth prospects for wealth advisor, including industry trends, job market demand, and factors influencing career opportunities and advancement.
Job Outlook
Faster than average
Projected: 2024–2034
Industry Trends
Increased demand for personalized financial planning services, growing reliance on technology and digital tools for client engagement, heightened focus on sustainable and socially responsible investing.
Growth Factors
Growing financial complexities, increased investment options, retirement planning needs, market volatility, personalized financial strategies, and heightened awareness of wealth management benefits drive Wealth Advisor demand.
Future Opportunities
Sustainable investing, cryptocurrency advisory, robo-advisors, ESG portfolios, fintech solutions, personalized financial planning apps, and artificial intelligence in investment strategies are emerging opportunities for Wealth Advisors.
Wealth Advisor Related Professions
Alternative career paths and similar roles for wealth advisor, including career transitions, related positions, and advancement opportunities within the field.
Similar Roles
Career Alternatives
Upgrade Paths
Related Entry Roles
Wealth Advisor Skills & Development
Essential skills and professional development resources for wealth advisor, including technical abilities, soft skills, recommended courses, and ongoing learning opportunities.
Technical Skills
Soft Skills Needed
Recommended Certifications
Recommended Courses
Development Resources
Training Timeline
Estimated training time
Frequently Asked Questions About Wealth Advisor Salary
Common questions and answers about pursuing a career as a wealth advisor, covering qualifications, salary expectations, career prospects, and practical career guidance.
How Much Others Make?
Explore salary data for other professions to compare compensation across different career paths and industries.