DETAILED OCCUPATION DATA

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. Excludes "Securities, Commodities, and Financial Services Sales Agents" (41-3031).

Occupational Employment Statistics(OES) Wage Data
Wages Updated to First Quarter, 2020

					Percentiles
Geography	Employment	Emp SE*	Mean	Mean SE*	10th	25th	Median	75th	90th
Minnesota	3,900	371	$53.41/hr	$3.79/hr	$21.81/hr	$27.91/hr	$38.76/hr	$65.32/hr	$81.00/hr
U S	210,190	3,153	$57.89/hr	$0.64/hr	$20.84/hr	$28.04/hr	$42.64/hr	$74.97/hr	$81.00/hr
*SE = Standard error, a measure of the statistical reliability of the estimate.

Leading Industries for Personal Financial Advisors Industry OES Employment OES Median Wage Financial Activities 3,530 $38.59/hr Professional and Business Services 340 $42.38/hr

Other Regional Data For Personal Financial Advisors Geography (click title for details) OES Projections Employment Median Wage % Change 2023 - 2025 Minnesota 3,900 $38.76/hr 1.8% Minneapolis-St Paul-Bloomington MN-WI MSA 3,250 $40.27/hr N/A Seven County Mpls-St Paul, MN 3,170 $40.80/hr N/A Central Minnesota 210 $34.73/hr N/A St Cloud MN MSA 160 $32.82/hr N/A Fargo ND-MN MSA 140 $32.95/hr N/A Northeast Minnesota 90 $41.24/hr N/A Duluth MN-WI MSA 90 $40.87/hr N/A Southwest Balance of State 80 $39.79/hr N/A Rochester MN MSA 80 $37.78/hr N/A Northwest Minnesota 70 $27.51/hr N/A Grand Forks ND-MN MSA 70 N/A N/A Northwest Balance of State 60 $26.26/hr N/A La Crosse WI-MN MSA 40 $55.90/hr N/A Southeast Balance of State N/A $30.72/hr N/A Southeast Minnesota N/A $33.16/hr N/A Mankato-North Mankato MN MSA N/A $21.88/hr N/A Northeast Balance of State N/A N/A N/A Southwest Minnesota N/A $38.46/hr N/A

Related Occupations

Occupation (click title for details)	OES		Projections
	Employment	Median Wage	% Change 2023 - 2025
Claims Adjusters, Examiners, and Investigators	5,930	$31.46/hr	-0.9%
Cost Estimators	4,480	$31.12/hr	1.7%
Bill and Account Collectors	4,120	$18.53/hr	-2.0%
Credit Analysts	2,080	$36.21/hr	-3.6%
Tax Preparers	1,350	$26.02/hr	2.2%
Insurance Appraisers, Auto Damage	N/A	N/A	N/A

• Interviews client with debt problems to determine available monthly income after living expenses to meet credit obligations.
• Assists in selection of candidates for specific financial awards or aid.
• Authorizes release of funds to students.
• Prepares required records and reports.
• Opens account for client and disburses funds from account to creditors as agent for client.
• Explains to individuals and groups financial assistance available to college and university students, such as loans, grants, and scholarships.
• Calculates amount of debt and funds available.
• Interviews students to obtain information and compares data on students' applications with eligibility requirements to determine eligibility for assistance program.
• Contacts creditors to arrange for payment adjustments so that payments are feasible for client and agreeable to creditors.
• Determines amount of aid to be granted, considering such factors as funds available, extent of demand, and needs of students.
• Establishes payment priorities to plan payoff method and estimate time for debt liquidation.
• Counsels client on financial problems, such as excessive spending and borrowing of funds.