How Much Money Could You Make as a Financial Advisor?

Stock investing is awesome! You have a knack for it, you like it, you're good at it and you know stock market basics - and then some. But could you ever make money as a financial advisor, and if so, how much? Like any profession, there is spectrum of income potential depending on how much you work, with whom you work and the kind of work you do.


Financial advisors can work with anyone from the very rich to average people.

About Financial Advisors

According to Investopedia, a financial advisor is defined as someone who "provides financial advice or guidance to customers for compensation. Financial advisors can provide many different services, such as investment management, income tax preparation and estate planning." In order to become a financial advisor, you must pass the Uniform Investment Adviser Law Examination and carry a Series 65 license.

Can Advising People About Money Earn Me Money?

According to "High-earning Jobs to Help Pay Off Student Loans Faster," the best financial advisors can rake in big bucks. The top 10 percent command salaries of more than $187,000 a year. The median income is more than $67,000, and you're not likely to bottom out at less than $32,000.

What Are They Looking for in You?

So how do you get into that lucrative top 10 percent of big earners? One of the best ways to find out how to be a top financial advisor is to look at the advice the pros give to regular people seeking their services. Investment giant Kiplinger tells people seeking a financial advisor to pick someone with a definitive investment philosophy. If someone asked tomorrow about your philosophy, what would your answer be?

Most importantly, they give the very good advice of telling people to be thorough and do a deep background check. Before submitting to a background check, you should first give one to yourself. Know every detail of what's in your professional and personal background. Even if you're not attempting to hide an old skeleton, it will likely come raging back out of the closet upon inspection. Be ready to give an explanation.


The best financial advisors are well compensated for the valuable service they provide.

Great financial advisors are in short supply. They can work with everyone from the very rich to the average person working toward a comfortable retirement through stock investing. Success has to do with more than knowing the stock market basics. It is a business based on trust, honesty and rapport. People will trust you with their most intimate financial knowledge, and you must hold that trust sacred. Yes, you can make money, but that money must be made on the foundation of the financial success of the clients you help.

Andrew Lisa is a freelance financial writer. He covers stock investing and personal finance.

Beginner 0 Users Collected

Post Topics

Post Details

Download Our Free eBook

25 Stock Market Indicators To Know

And subscribe to our MarketHeist Guides newsletter!

Free Brokers, Software, & Tools to Start.

Start with Brokers that have free accounts and professional grade software. Software that's the same whether you're practicing with fake money or trading real money.

Submit a Service

Profile Photo

TD Ameritrade Online Broker

With free thinkorswim, Trade Architect, & mobile software. Practice with virtual money. Invest and trade in stocks, ETFs, mutual funds, bonds, options, futures, and forex. No minimum and no maintenance fees. $0 to start.

☆ Collect Launch

Profile Photo

tradeMONSTER Online Broker

Free browser & mobile software. Easy to use technology including strategySeek and paperTRADE. Invest and trade in stocks, ETFs, mutual funds, bonds, and options. No minimum and no maintenance fees. $0 to start.

☆ Collect Launch

Profile Photo

optionsXpress Online Broker

optionsXpress offers an innovative suite of online brokerage services for investor education, strategy evaluation and trade execution. No minimum requirements.

☆ Collect Launch

Learn The Business. Take A Course.

What is the market and how it works
Finding Opportunities (with Technical Analysis & Fundamental Analysis)
Planning & Safety (with strategies to make smart decisions.)
Plan Execution: Buying & Selling

Submit a Service

Learn Stocks

Profile Photo

Investools Investing Foundations Program

Get trained in the foundations of the stock market and stock trading with two courses, a wealth of easy-to-use tools, and top-tier coaching support, in the program that helps you start managing your own portfolio. In the Investing Foundation Program, you’ll enjoy live and online workshops that can help you quickly overcome fears and learn […]

☆ Collect Launch

Learn Options

Profile Photo

OptionsAnimal Apprentice Options Education Program

Description Build your knowledge from the ground up. Understand key concepts and learn the basic spread trades that will give you a foundation to trade successfully. Learn how to properly structure a trade using the Protective Put, Covered Call, Collar Trade as well as applying the Straddle/Strangle. Trade Adjustment Spread Trades OptionsAnimal Trader Professional Program […]

☆ Collect Launch

Learn Futures

Profile Photo

OpenTrader Professional Training Program

The industry’s only training program built by professional full-time traders. You used to have to get hired by a professional trading firm to get world-class training. Not anymore. If you’ve been a losing trader, getting beaten down by the market again and again, low on confidence and full of doubt, things are about to change […]

☆ Collect Launch

On-The-Job Training. Earn While Learning.

Follow Live Trades, Step By Step
Detailed Trade and Market Analysis
Explanations of Strategies and Tactics
Questions Answered in Webcasts & Chatrooms
Learn by Copying The Pros At Every Step

Submit a Service

Learn Stocks

Profile Photo

Mish’s Market Minute Premium Stock Picks Video Subscription

Live-in-the-market instruction showing you how to trade in the afternoon the choice stock and ETF picks vetted by MarketGauge’s tools earlier in the day. Video up to 15 minutes: 4 times a week (M/T/W/Th) by 1:30PM ET $124.97/month Includes ETF Monitor & Nuggets List Private real-time Twitter Alerts 2 week FREE trial Learn as Mish: […]

☆ Collect Launch

Learn Options

Profile Photo

stockguy22 Live Trading & Education for Part Time Traders

What You’ll Get Learn stocks and options trading at your own pace from a group of full time traders dedicated to teaching through live trading, education, and mentoring.  See how trading is done methodologically as an occupation on a daily basis, from beginning to end.  Start with the daily in-depth analysis of stocks, the overall […]

☆ Collect Launch

Learn Futures

Profile Photo

Emini Wizard Trading System & Live Trading Chat Room

Thanks for considering The Emini Wizard System: This system is available for purchase for people who want to make a one time investment for the entire program. You get: Access to the Member’s website Spreadsheets Common plays Special plays Trade logic explained Chart patterns Chart settings we prefer Separate active chat area (30 days free […]

☆ Collect Launch

Some Partners We've Worked With

  • Download Our Free eBook

    25 Stock Market Indicators To Know

    And subscribe to our MarketHeist Guides newsletter!