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Personal Financial Advisors
AUTOMATION RISK
42%
risk level
POLLING
There hasn't been enough votes on this occupation yet
WAGES
$94,170
or $45.27 hourly
VOLUME
263,030
as of 2021
What is the risk of automation?
Qualities required for this occupation:
Assisting and Caring for Others
Key
very important
quite important
Social Perceptiveness (66)
Assisting and Caring for Others (56)
Cramped Work Space, Awkward Positions (1)
Key
very important
quite important
less important
not very important
[Show all metrics]
What have our users voted the risk to be?
This occupation has been voted '41%' by our users to be fully automated within the next two decades.
Our visitors have voted that it's unclear if this occupation will be replaced by robots/AI. This is further validated by the automation risk level we have generated, which suggests a 42% chance of automation.
How likely do you think this occupation will be taken over by robots/AI within the next 20 years?
Thank you, your vote has recorded. We are currently compiling votes and will display the results once we have sufficient data.
How quickly is this occupation growing?
The number of 'Personal Financial Advisors' job openings is expected to rise 15.4% by 2031
'Personal Financial Advisors' is expected to be a very fast growing occupation in comparison to other occupations.
* Data from the Bureau of Labor Statistics for the period between 2021 and 2031.
Updated projections are due Sep 2023.
What are the median wages for 'Personal Financial Advisors' in the United States?
In 2021 the median annual wage for 'Personal Financial Advisors' was $94,170, or $45.27 hourly
'Personal Financial Advisors' are paid 105.8% higher than the national median wage, which stands at $45,760
* Data from the Bureau of Labor Statistics
How many people are employed as personal financial advisors?
As of 2021 there were 263,030 people employed as Personal Financial Advisors within the United States.
This represents around 0.19% of the employed workforce across the country.
Put another way, around 1 in 535 people are employed as Personal Financial Advisors.
Job description
Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives. May also buy and sell financial assets for clients.
SOC Code: 13-2052.00
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