Personal financial advisors
SOC Code: 13-2052
Personal financial advisors carries a 53% AI exposure score (High automation risk), with a median annual wage of $102,140 and +9.6% projected employment growth from 2024 to 2034 (BLS), affecting approximately 326,000 workers. Full task breakdown, skills, and employer data are below.
Proportion of tasks susceptible to AI automation (O*NET analysis)
AI Exposure vs Industry Growth
Total occupations tracked
832
Covering all SOC major groups
Data currency
2024
BLS Employment Projections
AI exposure avg
40%
Fleet-wide median across all roles
Composite score weighing O*NET task data completeness, BLS projection methodology, and cross-validation with employer risk grades.
Employment Projections
Occupation Insight
Personal financial advisors (SOC 13-2052) carries an AI exposure score of 53%, placing it in the High automation-risk tier. This score is computed from O*NET Database 30.0 task-level analysis, where each task an occupation performs is evaluated against current generative AI, robotic process automation, and machine-learning capabilities. A score in the 40–70% range indicates meaningful automation pressure on specific task categories, but the role as a whole still requires human judgment for coordination, exception handling, or client interaction.
The economic context matters alongside the risk score. BLS counted approximately 326,000 workers in this occupation in 2024, and projects a +9.6% change through 2034 — modest growth that keeps the occupation viable even as tasks evolve. Median annual compensation stands at $102,140, reflecting both skill scarcity and the value employers place on the tasks that remain difficult to automate. Entry typically requires Bachelor's degree, plus None of related experience.
For career planners, this profile should be read alongside the task, skill, and knowledge breakdowns below and the list of employers whose workforce composition includes Personal financial advisors. Adjacent occupations shown further down offer lateral moves that preserve industry knowledge while potentially reducing exposure. Pair the AI exposure score with the BLS employment projection and wage percentiles above for a complete career assessment.
Education & Entry Requirements
Top Tasks (O*NET)
- 1. Interview clients to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, or other information needed to develop a financial plan.
- 2. Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
- 3. Answer clients' questions about the purposes and details of financial plans and strategies.
- 4. Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
- 5. Manage client portfolios, keeping client plans up-to-date.
- 6. Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
- 7. Recommend financial products, such as stocks, bonds, mutual funds, or insurance.
- 8. Implement financial planning recommendations, or refer clients to someone who can assist them with plan implementation.
- 9. Contact clients periodically to determine any changes in their financial status.
- 10. Prepare or interpret for clients information, such as investment performance reports, financial document summaries, or income projections.
Key Skills Required
- Reading Comprehension
- Active Listening
- Speaking
- Writing
- Critical Thinking
- Mathematics
- Social Perceptiveness
- Service Orientation
- Complex Problem Solving
- Judgment and Decision Making
Knowledge Areas
- Customer and Personal Service
- Economics and Accounting
- English Language
- Mathematics
- Psychology
- Administration and Management
- Sales and Marketing
- Computers and Electronics
- Law and Government
- Administrative
Frequently Asked Questions
Will AI replace Personal financial advisors?
Personal financial advisors has an AI exposure score of 53%, indicating a high level of automation risk. Some tasks in this role can be augmented or partially automated by AI, but core responsibilities require human judgment.
What is the job outlook for Personal financial advisors?
According to BLS Employment Projections 2024-2034, Personal financial advisors is projected to grow by 9.6% over the decade. Current employment stands at approximately 326,000 workers.
What skills are needed for Personal financial advisors?
Key skills for Personal financial advisors include Reading Comprehension, Active Listening, Speaking, and others. Typical entry-level education is Bachelor's degree.
How much do Personal financial advisors earn?
The median annual wage for Personal financial advisors is $102,140, according to BLS Occupational Employment and Wage Statistics (May 2024). Actual earnings vary by location, experience, industry, and employer. The BLS publishes detailed wage percentiles by region in its Occupational Employment and Wage Statistics program.
What education is required for Personal financial advisors?
The typical entry-level education for Personal financial advisors is Bachelor's degree. Employers generally expect None of related work experience. On-the-job training typically involves Long-term on-the-job training. Requirements can vary by employer and specialization.
Which companies employ Personal financial advisors?
Personal financial advisors roles exist across many industries and employers. Workforce composition is estimated from BLS industry-occupation employment distributions matched to SEC-registered public companies.
AI Exposure Rating
High automation risk based on 10 analyzed tasks. A moderate share of tasks may be augmented by AI tools.
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Data sources: Bureau of Labor Statistics Employment Projections 2024–2034 and O*NET Database 30.0. Employment figures are rounded. Wage data from BLS Occupational Employment Statistics (OES).