financial advisor salary nj

The average salary for a financial advisor is $84,773 per year in New Jersey and $17,800 commission per year.

What does a Financial Advisor do?

A financial advisor, also called a financial planner, assesses clients’ finances and helps them work towards their financial goals. They provide advice regarding college savings, estate planning, insurance, investments, mortgages and taxes. They help to establish financial plans for clients’ goals and help invest their clients’ money. They usually work in offices, though they may travel to conferences or teach seminars on money management.

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Highest paying cities for Financial Advisors in New Jersey

  1. Morristown, NJ

    $102,747 per year
    31 salaries reported
  2. Parsippany, NJ

    $93,858 per year
    28 salaries reported
  3. Mount Laurel, NJ

    $87,525 per year
    6 salaries reported
  1. Red Bank, NJ

    $85,254 per year
    11 salaries reported
  2. Paramus, NJ

    $84,029 per year
    30 salaries reported
  3. Jersey City, NJ

    $81,968 per year
    5 salaries reported
  1. Newark, NJ

    $80,241 per year
    9 salaries reported
  2. Princeton, NJ

    $76,682 per year
    15 salaries reported
  3. Edison, NJ

    $70,549 per year
    27 salaries reported

FAQ

How can I know if I am being paid fairly as a financial advisor?

If you’re unsure about what salary is appropriate for a financial advisor, visit Indeed’s Salary Calculator to get a free, personalized pay range based on your location, industry and experience.

How much do similar professions to financial advisor get paid?

Check the below Indeed career pages for the detailed pay ranges for the similar professions to financial advisor here:

Do financial advisors make a lot of money?

How Much Does a Financial Advisor Make? Financial Advisors made a median salary of $89,330 in 2020. The best-paid 25 percent made $157,020 that year, while the lowest-paid 25 percent made $59,450.

How much does a financial advisor cost in NJ?

In general, a certified financial planner in NJ will charge from $75 an hour to $400 per hour or more.

How do most financial advisors get paid?

In the financial world, advisors and planners are compensated in one of two basic ways: by earning flat fees or by earning commissions. A fee-only financial advisor is paid a set rate for the services they provide rather than getting paid by commission on the products they sell or trade.

What are the qualifications to be a financial advisor?

In the financial world, advisors and planners are compensated in one of two basic ways: by earning flat fees or by earning commissions. A fee-only financial advisor is paid a set rate for the services they provide rather than getting paid by commission on the products they sell or trade.

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