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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
Southwest Minnesota 20016$54.83/hr$15.61/hr$24.86/hr$35.39/hr$65.67/hr>$100/hr

IndustryOES Employment (Statewide)OES Median Wage (Statewide)
Financial Activities5,930$40.34/hr
Professional and Business Services360$40.82/hr
Education and Health Services20$24.06/hr
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 20$39.09/hrN/A
Mankato-North Mankato MN MSA 90$24.86/hrN/A
Rochester MN MSA 90$39.24/hrN/A
La Crosse WI-MN MSA 100$49.34/hrN/A
Southwest Balance of State 110$40.66/hrN/A
Duluth MN-WI MSA 170$38.78/hrN/A
Northwest Balance of State 170$38.98/hrN/A
Northeast Minnesota 180$37.33/hr0.0%
Southeast Balance of State 180$40.66/hrN/A
Northwest Minnesota 200$37.05/hr-4.4%
Southwest Minnesota 200$35.39/hr-4.2%
St Cloud MN MSA 210$38.27/hrN/A
Southeast Minnesota 240$39.78/hr-1.1%
Fargo ND-MN MSA 270$32.35/hrN/A
Central Minnesota 400$39.09/hr-2.4%
Seven County Mpls-St Paul, MN 4,840$40.69/hr6.5%
Minneapolis-St Paul-Bloomington MN-WI MSA 5,050$40.82/hrN/A
Minnesota 6,310$40.37/hr4.9%

Occupations Click link for details EmploymentMedian WageProjections
% Change 2020-2030
Securities, Commodities, and Financial Services Sales Agents 7,530$40.46/hr6.7%
Credit Counselors 690$24.31/hr6.4%
Accountants and Auditors 27,490$38.67/hr4.4%
Compensation and Benefits Managers 490$64.58/hrN/A
Loan Officers 7,520$39.79/hr2.3%
Financial Managers 14,300$64.41/hr15.5%
Compensation, Benefits, and Job Analysis Specialists 1,530$39.09/hr7.8%
Fundraisers 2,220$31.29/hr7.8%
Budget Analysts 480$39.90/hr3.1%
Survey Researchers N/A$31.51/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.