How to hire a wealth management advisor

How to hire a wealth management advisor, step by step

Here's a step-by-step wealth management advisor hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a wealth management advisor job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new wealth management advisor
• Step 8: Go through the hiring process checklist

What does a wealth management advisor do?

Post a wealth management advisor job for free, promote it for a fee

Post free

1. Identify your hiring needs

   First, determine the employments status of the wealth management advisor you need to hire. Certain wealth management advisor roles might require a full-time employee, whereas others can be done by part-time workers or contractors.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   You should also consider the ideal background you'd like them a wealth management advisor to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a wealth management advisor that fits the bill.

   This list presents wealth management advisor salaries for various positions.

   Type of Wealth Management Advisor	Description	Hourly rate
   Wealth Management Advisor	Personal financial advisors give financial advice to people. They help with investments, taxes, and insurance decisions.	$23-80
   Finance Professional	The primary job of finance professionals is to provide financial services using their knowledge of finance, tax laws, and accounting. These professionals typically help with corporate finance, personal finance, or both... Show more	$14-46
   Corporate Finance Analyst	Corporate finance analysts make significant business decisions based on the data they gather. Typically, corporate finance analysts work within an organization and support management decisions through actionable financial information... Show more	$25-52

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Customer Service
   • Insurance Products
   • Securities
   • Portfolio Management
   • Client Relationships
   • FINRA
   • Financial Services
   • Asset Management
   • Health Insurance
   • Business Development
   • Investment Management
   • Asset Allocation
   • Annuities
   • Due Diligence

   Check all skills

   Responsibilities:

   • Handle sales of permanent and term insurance, fix annuities, brokerage accounts, mutual funds, and manage money accounts.
   • Manage FINRA, NASD compliance, quality control and documentation for all stock, bond and option trades place by team.
   • Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
   • Contribute MorningStar research reports for mutual fund portfolios.
   • Maintain and monitor files to ensure proper compliance procedures under FINRA.
   • Research and compare active vs. passive financial managers who utilize section rotation and ETFs to hedge risk and capture alpha.

   More wealth management advisor duties

3. Make a budget

   Including a salary range in your wealth management advisor job description is a great way to entice the best and brightest candidates. A wealth management advisor salary can vary based on several factors:

   • Location. For example, wealth management advisors' average salary in utah is 57% less than in massachusetts.
   • Seniority. Entry-level wealth management advisors earn 71% less than senior-level wealth management advisors.
   • Certifications. A wealth management advisor with a few certifications under their belt will likely demand a higher salary.
   • Company. Working for a prestigious company or an exciting start-up can make a huge difference in a wealth management advisor's salary.

   Average wealth management advisor salary

   $91,605yearly

   $44.04 hourly rate

   ---

   Entry-level wealth management advisor salary

   $49,000 yearly salary

   Updated December 14, 2025

   Average wealth management advisor salary by state

   Rank	State	Avg. salary	Hourly rate
   1	New York	$125,940	$61
   2	Massachusetts	$125,636	$60
   3	Maine	$113,217	$54
   4	Connecticut	$103,439	$50
   5	District of Columbia	$102,850	$49
   6	California	$102,502	$49
   7	Virginia	$101,541	$49
   8	Washington	$94,676	$46
   9	Illinois	$93,834	$45
   10	Pennsylvania	$92,941	$45
   11	Oregon	$92,418	$44
   12	Ohio	$90,966	$44
   13	Georgia	$81,860	$39
   14	Texas	$79,826	$38
   15	North Carolina	$79,779	$38
   16	Florida	$78,005	$38
   17	Maryland	$77,787	$37
   18	Minnesota	$77,149	$37
   19	Indiana	$76,358	$37
   20	Nevada	$73,822	$35

   Average wealth management advisor salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Capital Group	$167,099	$80.34	5
   2	Univest Financial Corporation	$147,776	$71.05	1
   3	Vontobel	$141,784	$68.17	1
   4	BTG Pactual	$138,794	$66.73	1
   5	Goldman Sachs	$132,368	$63.64	53
   6	Teachers Insurance & Annuity Association of America	$128,451	$61.76
   7	Triad Financial Sm Llc	$124,931	$60.06
   8	MLK Community Healthcare	$120,359	$57.86	5
   9	Greenleaf Trust	$119,523	$57.46	4
   10	CVS Health	$119,219	$57.32	785
   11	Northern Trust	$118,494	$56.97	18
   12	MAI Capital Management	$117,978	$56.72	14
   13	Citi	$117,722	$56.60	54
   14	Rainmakers	$116,868	$56.19	5
   15	Ernst & Young	$115,702	$55.63	309
   16	NTT Data International L.L.C.	$114,737	$55.16	24
   17	Profinium	$113,681	$54.65
   18	Northwell Health	$113,323	$54.48	76
   19	Ernst Concrete	$112,277	$53.98	1
   20	Neuberger Berman	$111,213	$53.47	18

4. Writing a wealth management advisor job description

   A wealth management advisor job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of a wealth management advisor job description:

   Wealth management advisor job description example

   About UsFirst Horizon Corp. (NYSE: FHN), with approximately $90 billion in assets, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, mortgage, and title insurance services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank.
   
   Work collaboratively with other lines of business in the organization, resulting in personal trust, life insurance, financial planning, or other financial service relationships.The ability to understand the needs and financial concerns of clients.Promote customized solutions for clients to achieve their long-term financial goals.Ability to build a wealth management practice through establishing professional networks and prospecting for new clients.Building a strong client relationship based on effective communication, a shared understanding of objectives and a commitment to provide solutions which address the unique needs of each client Have a clear focus on developing and maintaining long-term relationships with clients, resulting in trust and stability of community over time.Conduct annual reviews, evaluate changes in financial objectives, and recommend actions which result in retention, strengthening, and growth of the client's relationship.Assist in strengthening of the platform licensing initiative through the development of licensed financial center employees.
   Qualifications:
   
   To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Additionally, the qualifications listed below are representative of the knowledge, skills, and/or abilities required in this position:
   
   Ability to work in a team environment with success of the entire team at the forefront of decisions Sales experience preferred with a strong entrepreneurial mindset.Strong communication skills both written and verbal.Strong business acumen.Perseverance in the face of a challenge.Ability to engage your community and leverage personal networks/contacts.Bachelor (4-year college) degree and 6+ years of experience or equivalent combination of education and experience
   
   Benefit Highlights• Medical with wellness incentives, dental, and vision • HSA with company match• Maternity and parental leave• Tuition reimbursement• Mentor program• 401(k) with 6% match• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits
   
   Follow UsFacebook -- facebook.com/FirstHorizonBankTwitter -- twitter.com/FirstHorizonBnkLinkedIn -- linkedin.com/company/first-horizon-bank Instagram -- instagram.com/first_horizonYouTube -- youtube.com/channel/UCEVs5OMj-b0H9Dr5Q209_-Q
   
   Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
   
   The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

   Copy this example

   

5. Post your job

   There are a few common ways to find wealth management advisors for your business:

   • Promoting internally or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to meet candidates with the right educational background.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to recruit passive job-seekers.

   Post your job online:

   • Post your wealth management advisor job on Zippia to find and attract quality wealth management advisor candidates.
   • Use niche websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post a job on free websites.

6. Interview candidates

   During your first interview to recruit wealth management advisors, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.

   You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new wealth management advisor

   Once you've found the wealth management advisor candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.

   It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.

   To prepare for the new wealth management advisor first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

   Sign up to download full list

   Sign up

How much does it cost to hire a wealth management advisor?