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Advisor Insights: US Job Market for Financial Advisors and Planners in April 2024

Advisor Insights: US Job Market for Financial Advisors and Planners in April 2024

Tamas Abraham

By 

Tamas Abraham

Published 

May 7, 2024

May 24, 2024

The monthly Advisor Insights report is a job market analysis I compile every month to help the Zocks team stay up-to-date with the hiring landscape and gain a better understanding of how advisors are leveraging technology and AI.

Methodology and data sources: This job market analysis is based on all publicly available jobs for financial advisors and planners posted on LinkedIn and Indeed during April 2024.

Let me know if this is helpful, and I'll start sharing these reports here monthly.

New job post for financial advisors and planners in April 2024

Key statistics:
- 4,600 jobs posted in April or 2,500 jobs without staffing & recruiting firms
- 538 financial firms had new job posts on either LinkedIn or Indeed
- Top 5 states ranked by number of new jobs are: CA, TX, FL, NY, and CO & MA (tie)

Seniority breakdown of new US jobs posted in April

*Some job posts didn’t have clear seniority parameters.

Certifications and licenses mentioned in job descriptions

Remote work

Salary ranges of new job posts

This chart shows the ratio difference between entry-level and mid-senior jobs in different salary ranges, again from the April 2024 snapshot.

Salary ranges (base) for Financial Advisors in 2024

Important note: only base salaries, not full compensation.

According to CFP Board, the median income for a financial planner is currently benchmarked at:

  • $152,000 with 5-10 years of experience,
  • $206,000 with 10-20 years of experience,
  • $250,000 with 20+ years of experience.

Hiring landscape

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