According to investopedia.com
Edward Jones Investments
Morgan Stanley Wealth
Where can a financial advisor work?
Financial advisors work in a variety of settings. Many are employed by large companies focusing on investments, finance or insurance, while others choose to work at a small firm or independently. Self-employed financial advisors are often part-salesmen.
Can financial advisors make millions?
CEG Worldwide’s recent study shows that a select group of elite financial advisors earn an average net income of at least $1 million annually. Top-earning financial advisors serve fewer, but more affluent clients. The highest earners implement client minimums and focus on niche opportunities.
Does everyone need a financial advisor?
The short answer is yes, you probably do. A financial advisor is a professional who can assist you with your finances in a number of ways. This expert can help with investing, financial planning, retirement planning and more. Obviously not every single person needs a financial advisor.
Do financial advisors make good money?
Financial advisors have a median annual salary of nearly $89,000, and the highest-paid ones can make over $200,000. It pays to know how to handle money – literally. If you’re good enough to help manage the financial situation of others, you just may be able to fetch an impressive salary for yourself.