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.
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)
*Some job posts didn’t have clear seniority parameters.
This chart shows the ratio difference between entry-level and mid-senior jobs in different salary ranges, again from the April 2024 snapshot.
Important note: only base salaries, not full compensation.
According to CFP Board, the median income for a financial planner is currently benchmarked at: