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Salaried Financial Advisor information

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$35.7K

$101.2K

$142.7K

How much do salaried financial advisor jobs pay per year?

As of Sep 1, 2026, the average yearly pay for salaried financial advisor in Springfield, IL is $101,226.00, according to ZipRecruiter salary data. Most workers in this role earn between $74,300.00 and $129,800.00 per year, depending on experience, location, and employer.

What is a salaried financial advisor?

Salaried financial advisors are professionals who provide financial planning and investment advice to clients while receiving a fixed salary from their employer, rather than earning commissions from product sales. This compensation structure can help reduce potential conflicts of interest, as their income does not depend on selling specific financial products. Salaried financial advisors often work for banks, investment firms, or large financial institutions, and their goal is to provide objective advice tailored to each client's needs.

What does a salaried financial advisor do?

A salaried financial advisor provides wealth management and investment advice to clients. Your duties include helping each client make an investment plan that meets their needs and goals. You may also offer information about tax incentives and insurance options, performing analyses and creating reports using financial software. Financial advisors can recommend equities or funds for a client’s portfolio and typically earn a commission for selling financial and investment products, but salaried advisors receive a base salary and do not rely on commissions. You can, however, receive performance bonuses and other incentives.

What are the key skills and qualifications needed to thrive as a salaried financial advisor, and why are they important?

To thrive as a Salaried Financial Advisor, you need strong analytical skills, financial knowledge, and typically a degree in finance, economics, or a related field, along with relevant certifications such as CFP or CFA. Proficiency with financial planning software, CRM systems, and investment platforms is commonly required. Excellent interpersonal skills, active listening, and the ability to build trust help advisors stand out when guiding clients through financial decisions. These competencies ensure accurate, personalized advice and foster long-term client relationships critical to the role’s success.

What are some common challenges faced by salaried financial advisors when managing a diverse client portfolio?

Salaried financial advisors often manage a wide range of clients with varying financial goals, risk tolerances, and backgrounds. One common challenge is tailoring advice and strategies to meet these diverse needs while adhering to regulatory requirements and firm guidelines. Additionally, balancing time between client meetings, research, and administrative tasks can be demanding. Effective communication and continuous learning are essential to stay updated on market trends and provide clients with relevant, personalized financial guidance.

What is the difference between Salaried Financial Advisor vs Commission-Based Financial Advisor?

AspectSalaried Financial AdvisorCommission-Based Financial Advisor
CompensationFixed salary regardless of salesEarns commissions on products sold
Work EnvironmentTypically employed by firms with steady incomeOften independent or tied to product sales
CredentialsUsually holds CFP or similar certificationsMay hold similar credentials, but focus on sales
Client InteractionAdvises clients with a focus on planningFocuses on product recommendations and sales

In summary, Salaried Financial Advisors receive a consistent salary and focus on comprehensive financial planning, while Commission-Based Financial Advisors earn through sales commissions, often emphasizing product sales. Both roles require relevant certifications, but their compensation structures and client engagement styles differ significantly.

More about Salaried Financial Advisor jobs

What are the most commonly searched types of Financial Advisor jobs in Springfield, IL?

The most popular types of Financial Advisor jobs in Springfield, IL are:

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For Salaried Financial Advisor jobs in Springfield, IL, the most frequently searched job titles are:

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The top searched job categories for Salaried Financial Advisor jobs in Springfield, IL are:

What cities near Springfield, IL are hiring for Salaried Financial Advisor jobs?

Cities near Springfield, IL with the most Salaried Financial Advisor job openings:

Salaried Financial Advisor jobs near you

Wealth Advisor - Security Bank

LPL Financial

Springfield, IL • On-site

Full-time

Re-posted 9 days ago

LPL Financial rating

7.2

Company rating: 7.2 out of 10

Based on 74 frontline employees who took The Breakroom Quiz

128th of 152 rated financial services

Job description

Wealth Advisor

LPL Financial collaborates with banks to provide a comprehensive suite of financial services tailored to their clients' needs. This exciting opportunity at Security Bank invites you to join our employee advisor model as a Wealth Advisor with LPL Financial.

This role will require the employee to work on-site at a local branch.

A Wealth Advisor acts as a dedicated representative assigned to a specific branch (or multiple branches) to deliver Non-Deposit Investment Products (NDIPs) and services to the branch customers and prospective customer base. Serves as an advisor to provide an advice-based approach to financial solutions for an assigned book of business. Actively solicits new and existing investments and insurance solutions from retail client base designed to meet the individualized needs of each customer. Establish a strong partnership with Retail Branch Managers and Centers of Influence and maintain strong working relationships with all assigned Branches.

Responsibilities:

  • Utilizing a consultative, holistic approach, sales process, and assessment tools where appropriate.
  • Providing comprehensive, needs-based financial solutions to clients by offering a range of investment/insurance solutions
  • Delivering needs based, comprehensive financial solutions by offering a suitable and diversified set of brokerage, advisory, and insurance solutions to meet client needs and objectives.
  • Employing ethical business practices to ensure full compliance of regulatory, broker dealer and institution requirements
  • Delivering a high quality customer service experience during each customer interaction
  • Building strong relationships with retail branch staff, supporting and motivating their referral efforts. Developing a complete understanding of the core institution products to support cross-selling opportunities and to generate referrals back to the institution where appropriate
  • Meet or exceed established sales goals for assigned territory while ensuring compliance with policies, procedures and regulations governing products and services.

What are we looking for?

We want strong collaborators who can deliver a world-class client experience. We are looking for people who thrive in a fast-paced environment, are client-focused, team oriented, and are able to execute in a way that encourages creativity and continuous improvement.

Requirements:

  • High school diploma or equivalent (Bachelor's Degree Preferred)
  • Minimum of two (2) years investment sales experience (preferably in a financial institution)
  • Must maintain Licenses and FINRA registrations: Active State Applicable Life Insurance License, Active Series 7 Registration, Active Series 63 Registration (if required by the state of hire), Active Series 65 or 66
  • Computer literate with proficiency in Microsoft Office product suite, including Power Point and applications specific to the broker dealer

Preferences:

  • Demonstrated ability to sell products and services to investment clients; evidence of strong sales results
  • Broad knowledge of characteristics and needs of clients and partners within the bank-based investment market space
  • Excellent knowledge of investment/insurance products and financial planning

Core Competencies:

  • Strong self-motivation and ability to work independently
  • Excellent verbal, written and interpersonal communication skills
  • Possess strong organization skills
  • Excellent customer service and business focus with a great attention to detail
  • Effective research and analysis skills

Pay Range: 58500 - 70000. The salary range is dependent on a number of factors, including the applicant's skill, experience, and work location. This position is also eligible to earn sales incentive compensation.

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