Yes, hiring financial advisers is tough

Pool of available talent can't meet demand, analysis finds

Feb 2, 2017 @ 10:02 am

By InvestmentNews

If advisory firms and broker-dealers are finding it difficult to find qualified financial advisers, the numbers back them up. A report from job search portal finds that financial advisory jobs are the second most-difficult jobs to fill.

Based on data from the Bureau of Labor Statistics (BLS), industry reports and its own database, the company said that financial adviser jobs rank just behind data scientists as the category most in demand. These top two are followed by jobs for general and operations managers, home health aides and information security analysts.

Meanwhile, demand for advisers is growing. At 30%, the growth outlook for financial advisers ranks third through 2024, according to BLS, behind home health aides and physical therapists, where growth is expected to be 38% and 34%, respectively.

In terms of median salary, BLS says financial advisers rank fifth at $89,160, behind data scientists ($128,240), software engineers ($100,690), general and operations managers ($97,730), medical services managers ($94,500) and information security analysts ($90,120).


What do you think?

View comments

Recommended for you

Featured video


What is causing the fever for RIA deals?

Deputy editor Bob Hordt and senior columnist Jeff Benjamin discuss factors adding fuel to the M&A fire in the independent advice space.

Latest news & opinion

Merger mania: Why consolidation in the RIA space is about to explode

The pace is expected to pick up as big firms seek to get even bigger and older advisers look to cash out.

Voya Financial Advisors exposes more sensitive adviser information on its website

List of top advisers at the firm comes after Social Security numbers were put at risk.

Securities America hit with lawsuit seeking $18 million in damages

Firm is dealing with the fallout from a rogue broker it fired a year ago.

Brian Block continues his legal fight to stay out of prison

A judge denied Mr. Block's motion for a new trial, but he wants another day in court.

10 social media stars you're not following yet, but should be

Some of the great people using social media to discuss wealth management and financial advice who might not be on your radar.


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.


Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print