Financial Advisor: What is the cost of hiring?

2025-10-0114000.0086090.04230000.00YEARLY

Financial Advisor: What is the cost of hiring?

• Common salary in US:
• Typical salaries range from -
• Find more information on Indeed Salaries

COMMON

LOW

HIGH

*Indeed data (US) –

As of April 2021, financial advisor jobs in the U.S. are moderately competitive compared to other job markets, with an average of 21 job seekers per financial advisor job.

financial advisor: What is the cost of hiring?

• Common salary in US: $70,603 yearly
• Typical salaries range from $14,000 – $191,000 yearly
• Find more information on Indeed Salaries

$70,603

COMMON

LOW

$14,000

HIGH

$191,000

*Indeed data (US) – April 2021

As of April 2021, financial advisor jobs in the U.S. are moderately competitive compared to other job markets, with an average of 21 job seekers per financial advisor job.

Why hire a financial advisor?

Finding a great financial advisor can help your business:

• Select investment and retirement plans for your employees
• Plan equipment purchases and paying off debt, as well as investing in or acquiring other businesses
• Align investments with current and future taxation

Deciding between a full-time vs freelance financial advisor

Depending on the services in need, individuals and businesses can hire a freelance financial advisor if they’re looking for one-time or short-term financial advice, such as if their investment strategy is on track. They can also advise where there are areas of weakness and how to reduce financial expenses. Freelancers can give executives a second opinion on their full-time advisor’s proposed plans.  

Large businesses that need regular financial advice, however, should look into hiring a full-time financial advisor who can fully examine its financial situation and construct plans that meet the company’s long-term goals. They can also offer ongoing investment advice to grow the company’s profits, including how to optimize its ROI. 

What are the types of financial advisors?

There are a few different kinds of financial advisors that give clients guidance on various aspects of the financial world. These advisors include:

• Investment advisors: Investment advisors specialize in giving clients advice on finances. They’re also available to manage clients’ assets.
• Brokers: Brokers buy and sell stocks and bonds on behalf of their clients. They’re typically affiliated with the Financial Industry Regulatory Authority.
• Certified financial planner: A CFP holds a certification with the Certified Financial Planner Board of Standards. They offer clients advice on how to save for retirement, pay their debts, create budgets and make investments. 
• Financial coach: Financial coaches offer advice to clients while focusing on basic financial strategies. They help their clients reduce spending and save money.  
• Wealth advisor: A wealth advisor typically works with extremely rich clients. They offer assistance with tax preparation, estate planning, health insurance and investments. Wealth advisors typically have minimum requirements in the millions. 

Where to find financial advisors

To find the right financial advisor for your business, consider trying out a few different recruiting strategies: 

• Post help wanted signs. By posting help wanted signs, you can notify the community about the position and attract potential candidates.
• Maintain relationships with colleges. Many future financial advisors earn degrees. Make inquiries at local colleges to see if there are any graduates who’d be interested in the job. 
• Search online. Established financial advisors might advertise their services on social platforms. Reading their profiles can help determine if they’re a good fit for your company. 
• Network. Ask other members of the financial community if they know of any financial advisors who are searching for work. 
• Post your job online. Try posting your financial advisor job on Indeed to find and attract quality financial advisor candidates.

Skills to look for in a great Financial Advisor

A great Financial Advisor candidate will have the following skills and attributes as well as work experience that reflects:

• Bachelor’s degree in finance or economics
• Knowledge of tax laws governing investments
• Series 7 and/or 66 may also be required
• Good listening skills
• Interdependent work style
• Attention to detail

Writing a financial advisor job description

A thoughtful description is important to find qualified financial advisor candidates. A complete financial advisor job description includes a compelling summary of the role, a detailed list of duties and responsibilities and the required and preferred skills for the position.

When writing your financial advisor job description, consider including some or all of the following keywords to improve the visibility of your job posting . These are the most popular search terms leading to clicks on financial advisor jobs, according to Indeed data:

• Finance
• Financial advisor
• Remote work from home
• Financial planner
• Wealth management
• Series 7 
• Investment
• Financial 
• Financial services
• Financial aid

Interviewing financial advisor candidates

Strong candidates for financial advisor positions will be confident answering questions regarding:

• Investment products and the likely tax burden
• How they handle dissatisfied clients
• Their approach for building long-term clientele

Need help coming up with interview questions? See our list of financial advisor interview questions for examples (with sample answers).