Most workers who are paid an hourly wage and work more than 40 hours in a 7-day work week must be paid overtime. When paying overtime, a business must pay at least one and one-half times the workerâs regular hourly rate. Yes.
Financial Advisor in Houston, Texas Salary. A Financial Advisor in Houston, Texas earns an average salary of $50,867 per year. The skills that increase pay for this job the most are Portfolio Management and Microsoft Excel. Most people move on to other jobs if they have more than 20 years' experience in this career.
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.