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Personal Financial Advisors
AUTOMATION RISK
45%
risk level
POLLING
There hasn't been enough votes on this occupation yet
WAGES
$89,330
or $42.94 hourly
VOLUME
218,050
as of 2020
What is the risk of automation?
We calculate this occupation to have an automation risk score of
45% (Start worrying)
This score is based on the abilities, knowledge, skills and activites required in order to do the job.
We look at 9 key attributes of an occupation which can't easily be automated. The more an occupation requires these, the less chance there is of it being replaced.
Note that some attributes have a greater weighting than others, so even though an occupation might require quite heavily on a few attributes, this might not be enough to give it an overall safe score. The final score has been generated using a machine learning algorithm, trained using human predictions.
If any attributes are particularly important in order to do this job, they will be listed below.
[More info]
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 '43%' 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 45% 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 4.6% by 2030
'Personal Financial Advisors' is expected to be a slow growing occupation in comparison to other occupations.
* Data from the Bureau of Labor Statistics for the period between 2020 and 2030.
Updated projections are due Sep 2022.
What are the median wages for 'Personal Financial Advisors' in the United States?
In 2020 the median annual wage for 'Personal Financial Advisors' was $89,330, or $42.94 hourly
'Personal Financial Advisors' are paid 112.9% higher than the national median wage, which stands at $41,950
* Data from the Bureau of Labor Statistics
How many people are employed in this occupation?
As of 2020 there were 218,050 people employed as Personal Financial Advisors.
This represents around 0.16% of the employed workforce across the United States.
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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