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The differences between investment advisors and advisers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an investment advisor has an average salary of $105,377, which is higher than the $75,787 average annual salary of an adviser.
The top three skills for an investment advisor include exceptional client, risk management and client relationships. The most important skills for an adviser are java, provide technical assistance, and workgroup.
| Investment Advisor | Adviser | |
| Yearly salary | $105,377 | $75,787 |
| Hourly rate | $50.66 | $36.44 |
| Growth rate | 15% | 10% |
| Number of jobs | 63,438 | 11,373 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 56% |
| Average age | 45 | 42 |
| Years of experience | 4 | - |
An investment advisor is responsible for managing the clients' financial portfolios, advising them of investment options according to their financial goals and objectives, and their ability to handle risks. Investment advisors should have excellent knowledge of the investment policies, providing the clients with the best financial strategies according to their interests. They also determine their expenses, income, and credit scores to identify a comprehensive financial plan. An investment advisor helps the clients with cash management techniques, as well as conducting data analysis on financial market projections.
An Adviser provides advice and guidance to help people make realistic choices about their education, training, and work. They can work in various locations, such as schools, colleges, and local authorities.
Investment advisors and advisers have different pay scales, as shown below.
| Investment Advisor | Adviser | |
| Average salary | $105,377 | $75,787 |
| Salary range | Between $60,000 And $184,000 | Between $42,000 And $134,000 |
| Highest paying City | New York, NY | Hartford, CT |
| Highest paying state | New York | New Jersey |
| Best paying company | McKinsey & Company Inc | Kirkland & Ellis |
| Best paying industry | Telecommunication | Insurance |
There are a few differences between an investment advisor and an adviser in terms of educational background:
| Investment Advisor | Adviser | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 56% |
| Most common major | Business | Business |
| Most common college | University of Minnesota - Twin Cities | University of Pennsylvania |
Here are the differences between investment advisors' and advisers' demographics:
| Investment Advisor | Adviser | |
| Average age | 45 | 42 |
| Gender ratio | Male, 72.3% Female, 27.7% | Male, 55.5% Female, 44.5% |
| Race ratio | Black or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 9.4% Asian, 8.2% White, 72.3% American Indian and Alaska Native, 0.1% | Black or African American, 10.6% Unknown, 3.8% Hispanic or Latino, 14.2% Asian, 3.7% White, 67.0% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 5% | 11% |