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According to salary information website PayScale, the average salary for a financial advisor in the United States is $55,827, ranging from $30,118 - $145,955 with a median salary of $55,826. In addition to salaries, financial advisors also receive compensation in the form of bonuses, profit sharing and commissions. The average annual bonus received by a financial advisor ranges from $0 to $35,196. The average annual profit sharing compensation ranges from $984 to $19.467.
Some advisors work on a mix of salary and commission; others are paid by commission only. Glassdoor's data indicate a relatively wide range of salaries for financial advisors, from $30,000 to $105,000.Commissions and bonuses, however, can raise total compensation to $206,000, according to CNN Money.t Merrill Lynch, for example, which has a commission-only payment system for its advisors other than trainees, average total compensation is $71,255, approximately $20,500 above the industry average. Related Reading: Salary for an Investment Banking Financial Adviser.