How much do personal finance advisors make? Personal finance is a big part of any individual. Whether they run their own business or just an employee, one must be careful with their finances. Most people don’t have the skills, knowledge, or even time to manage their finances. This is where personal finance advisors come in. They help people manage their finances and plan for the future.

If you want to know some quick easy ways to manage money by yourself, check out this article Money Management: 7 Tips That Work Well

So How can personal finance help you? In this article, we will be talking about who personal finance advisors are, what they do, and how much they make. So if you are interested in learning about the career of a personal finance advisor, keep on reading.

how much do personal finance advisors make
How much do personal finance advisors make Photo: ccfb/Pixabay

Who Is A Personal Finance Advisor?

A personal finance advisor is a person who manages your finances and educates you about your money, financial goals, and how to invest. Most of them are independent advisors who work from home or in an office.

They also work for financial institutions like banks and insurance companies. They work as teams with other financial professionals like an accountant or a tax advisor.

how much do personal finance advisors make
How much do personal finance advisors make? Photo: Aekotography/Shutterstock

Personal finance advisors are highly skilled and qualified individuals, they have years of experience and can help you manage your finances effectively so you can reach your goals in time.

What do personal finance advisors do?

There are many job aspects of a personal finance advisor, so here are some of the main ones:

1. Financial monitoring

Personal finance advisors will help you monitor your current financial situation. They will look into your finances and find out any potential problems and money leaks. They will advise you on how to spend your money wisely and on things that can help you save. So if you have a serious problem with your financial situation, it might be a good idea to consult with a professional.

2. Financial planning

Another one of the main tasks that a personal finance advisor does is financial planning for their clients. They will suggest ways to invest your money, where to invest it and when to do so.

3. Account management

The job of a personal financial advisor is not just to monitor your financial situation but also to manage your accounts. They will help you manage your bank accounts, credit cards, loans, etc. So they will make sure that all your finances are in order and on track for reaching financial goals.

how much do personal finance advisors make
How much do personal finance advisors make Photo: Aekotography/Shutterstock

4. Retirement planning

This is one of the most common tasks that a personal finance advisor performs. They will help you make arrangements for your retirement and find out how you can manage your costs when retired.

5. Helping with investments

A good personal financial advisor will help you make the best choice when it comes to investments. They will not just advise you but also help you with the paperwork, research, and negotiations so that they can find great investment opportunities for you.

How much do personal finance advisors make?

There is no fixed pay for performing this job. A lot of factors come into play when determining how much a personal financial advisor makes. Some of them are:

  • Experience
  • Qualification
  • Public review

So if you are wondering about how much do personal finance advisors make, on average, a personal finance advisor makes around $68,000 to $92,000 per year. However, people who are highly qualified and have years of experience often make more than that. Some personal finance advisors make around $120,000 to $200,000 a year. Depending on their qualification, experience, and how much work they do, their salaries can change. The pay for this job is good when compared to other similar jobs.


  • Overall, being a personal finance advisor can be very rewarding both financially and emotionally. It is not an easy job though. You must have the skills and patience to manage people’s finances. If you fail to help them achieve their financial goals, you will be letting them down and receive bad reviews, which is not good for your career. But if you know what you are doing, it could be a very profitable and rewarding career.
  • How much do personal finance advisors make is depend on idividual skills, but on average is about $68,000 to $92,000 per year.

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