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Occupational Employment Statistics


13-2052 Personal Financial Advisors

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.

Geography Click link for Career Profile EmploymentEmp SE*Percentiles
Northeast Minnesota 19018$59.61/hr$22.32/hr$27.79/hr$38.25/hr$71.45/hr>$100/hr

IndustryOES Employment (Statewide)OES Median Wage (Statewide)
Financial Activities6,480$41.79/hr
Professional and Business Services250$50.26/hr
Education and Health ServicesN/AN/A
Public AdministrationN/AN/A
Geography Click link for details EmploymentMedian WageProjections
% Change 2020-2030
Grand Forks ND-MN MSA N/AN/AN/A
Northeast Balance of State N/AN/AN/A
Mankato-North Mankato MN MSA 70$34.34/hrN/A
Rochester MN MSA 100$47.74/hrN/A
La Crosse WI-MN MSA 110$39.49/hrN/A
Southwest Balance of State 120$39.54/hrN/A
Southeast Balance of State 170$40.05/hrN/A
Duluth MN-WI MSA 180$39.61/hrN/A
Northwest Balance of State 180$36.19/hrN/A
Southwest Minnesota 190$37.58/hr-4.2%
Northeast Minnesota 190$38.25/hr0.0%
St Cloud MN MSA 200$39.52/hrN/A
Northwest Minnesota 200$36.19/hr-4.4%
Southeast Minnesota 230$44.13/hr-1.1%
Fargo ND-MN MSA 280$41.88/hrN/A
Central Minnesota 390$40.35/hr-2.4%
Seven County Mpls-St Paul, MN 5,260$44.10/hr6.5%
Minneapolis-St Paul-Bloomington MN-WI MSA 5,480$44.10/hrN/A
Minnesota 6,740$41.89/hr4.9%

Occupations Click link for details EmploymentMedian WageProjections
% Change 2020-2030
Securities, Commodities, and Financial Services Sales Agents 8,560$36.33/hr6.7%
Credit Counselors 670$24.48/hr6.4%
Accountants and Auditors 28,730$37.36/hr4.4%
Compensation and Benefits Managers 390$65.18/hrN/A
Loan Officers 8,020$38.66/hr2.3%
Financial Managers 14,990$65.23/hr15.5%
Compensation, Benefits, and Job Analysis Specialists 1,580$38.18/hr7.8%
Fundraisers 2,370$31.34/hr7.8%
Budget Analysts 330$40.06/hr3.1%
Survey Researchers 100$25.91/hrN/A

  • Prepare or interpret for clients information, such as investment performance reports, financial document summaries, or income projections.
  • Contact clients periodically to determine any changes in their financial status.
  • Answer clients' questions about the purposes and details of financial plans and strategies.
  • Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
  • Manage client portfolios, keeping client plans up-to-date.
  • Monitor financial market trends to ensure that client plans are responsive.
  • Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
  • Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
  • Implement financial planning recommendations or refer clients to someone who can assist them with plan implementation.
  • Recommend financial products, such as stocks, bonds, mutual funds, or insurance.