30+ Financial Advisor Statistics

Staying updated with the latest financial advisor statistics is crucial for understanding industry trends, job growth, salary expectations, and emerging opportunities.

That's why, in this blog, we're diving into the latest financial advisor statistics. These insights will keep you updated on industry trends and help you make well-informed decisions in an ever-evolving landscape.

Let's get started!

Top Financial Advisor Industry Statistics 2025 (Top Findings)

Financial advisor industry overview

Understanding the current landscape of the financial advisory industry is crucial for both professionals and clients, as it highlights the sector's growth, evolving trends, and the increasing demand for financial guidance. This overview provides key statistics on the industry's size, employment, and projected expansion.

Top Financial Advisor Industry Statistics 2025

Financial advisor is used by 35% of the US population, highlighting the growing demand for financial advisory and guidance. With the industry projected to expand rapidly, key trends such as technological adoption, demographic shifts, and evolving client preferences are shaping its future. Here are some essential statistics that help you stay updated in the finance advisors industry:

1) Global financial advisor industry statistics

Let's begin by exploring global financial advisor stats to understand the industry's worldwide scope and impact. These insights will highlight global growth, opportunities, and the increasing demand for financial planning services.

• The Financial Advisory Services Market is projected to grow from USD 114.39 billion in 2023 to USD 123.89 billion in 2024. It’s expected to maintain an 8.63% CAGR, reaching USD 204.24 billion by 2030. (Source)

• The global financial advisory market is expected to expand at a CAGR of 5.5% between 2023 and 2032, surpassing a market size of $85.1 billion in 2022. (Source)

• The Asia-Pacific region is expected to experience the highest CAGR, making it the fastest-growing financial advisory market during the forecast period from 2025 to 2030. (Source)
• The United States generates the largest share of revenue in the global advisory market compared to other countries. (Source)
• Bank of America is one of the leading players in the financial advisory services market. (Source)
• The average salary for a financial advisor in 2024 is $68,624, with salaries ranging from $44,000 to $119,000. (Source)
• The financial advisory workforce comprises approximately 399,640 professionals, with women representing 30.7% and men 69.3%. (Source)
• Financial advisors with 1-4 years of experience earn an average salary of $63,151. The highest salaries can exceed $119,000, while the lowest start at around $44,000. (Source)
• In the USA, the age distribution among financial advisors is diverse: 18% are between 20-30 years old, 28% fall within the 30-40 age range, 24% are between 40-50, 20% are in the 50-60 average age bracket, and 10% are over 60. (Source)
• 56% of advisors indicated they were more likely to invest in cryptocurrency in 2025. (Source)

2) Technology adoption financial advisor statistics

Technology adoption is transforming the financial advisor industry, enabling advisors to enhance client experiences, streamline operations, and stay competitive in a rapidly evolving market. Here are key statistics on technology adoption among financial advisors, including current trends and projections for 2025:

• 80% of financial advisors are eager to embrace more AI-powered tools for client engagement and collaboration, with 87% recognizing AI's primary benefit as its ability to convert client data into actionable insights. (Source)
• 84% of financial advisory firms are investing in digital transformation to enhance client service and boost operational efficiency. (Source)
• Research indicates that the top challenges that most financial advisors face to use technology include compliance restrictions that limit functionality or hinder advisors’ ability to fully utilize technology (73%), followed by a lack of integration between tools and applications (71%), and insufficient time to learn and implement the technology (70%). (Source)
• Nearly all (98%) of the advisors surveyed believe that AI is revolutionizing the way advice is created, delivered, and consumed by clients, while 97% feel that AI can help expand their client base organically by over 20%. (Source)
• Almost all wealth managers intend to adopt new technologies in 2024, motivated by strong returns on investment. (Source)

• A study by Salesforce revealed that 75% of financial advisors using CRM systems experienced an increase in client satisfaction. (Source)
• A report by Statista projects that global assets under management (AUM) in robo-advisory platforms will reach $1.4 trillion by 2025. (Source)
• The share of 'better' tools in the AdvisorTech landscape grew from 27% in 2018 to 52% in 2023, reflecting a shift toward more comprehensive solutions. (Source)
• Over 40% of personal financial advisors believe that their firm’s culture is the main barrier to adopting AI. (Source)
• AI is poised to transform the financial advisory industry. According to a report by PwC, AI could add as much as $15.7 trillion to the global economy by 2030. (Source)
• Most respondents (91%) plan to adopt new technology in 2024, with 36% focusing primarily on solutions designed to improve client attraction and retention. (Source)

3) Financial advisor demographic statistics

The client demographics in the financial advisory industry are evolving, with significant implications for how advisors engage with their clients. Here are key statistics and insights regarding client demographics as of 2025:

1) 60% of individuals with a financial advisor hired one following a significant life event. (Source)

For instance, over 1 in 5 Gen Z individuals with a financial advisor sought one after experiencing a death in the family or receiving an inheritance. In contrast, 22% of millennials with a financial advisor hired one due to marriage or divorce.

2) As of 2025, around 26% of Certified Financial Planners (CFPs) are aged between 40 and 49. (Source)

California has 10,511 individuals with an active CFP certification, resulting in a consumer-to-CFP ratio of approximately 3,707 to 1. Meanwhile, Texas has seen an increase of 374 CFPs this year, bringing the total number to 7,394.

3) According to occupational data, the average financial advisor is a white male in his mid-40s. (Source)

Around 70% of financial advisors are men, while White professionals comprise 70-80% of the industry. Asian, Latino, and Black advisors represent 5-10% of the workforce. Additionally, over 60% of financial advisors are aged 40 or older.

4) Most financial advisors (90%) work full-time, while 10% hold part-time positions. (Source)

The financial advisor demographics show that 37% of financial advisors are women, while 63% are men, reflecting a gender ratio of approximately 2.33 to 1 in favor of male advisors.

5) College graduates (41%) and individuals earning over $100,000 (55%) are the most likely to seek and pay for financial advisory services. (Source)

However, according to Statista, only 35% of Americans use a financial advisor, as many perceive it to be costly or believe advisory services are primarily for wealthy or middle-aged individuals.

6) Women make up 27.7% of financial advisors, while men account for 72.3% of the profession. (Source)

When comparing gender income disparities, male financial advisors earn an average of $64,280, while female advisors earn $53,971. This gap highlights the ongoing wage differences in the industry.

4) Financial advisor employment statistics

The financial advisor job market is shifting as a result of technological progress, changing client demographics, and the consolidation of the industry. Here are key labor statistics on financial advisors, including trends, workforce composition, and projections for 2025:

• The employment of personal financial advisors is expected to increase by 17% from 2023 to 2033, outpacing the average growth rate for all occupations. (Source)
• The retention rate among financial advisors is low, with only 15-16% remaining in business by their fifth year. (Source)
• The industry will face a "critical need to attract and retain talent," as over 109,000 U.S. financial advisors—accounting for 38% of the workforce and 42% of assets—are expected to retire over the next decade. (Source)
• An average of 27,000 job openings for personal financial advisors are projected annually over the next decade, largely driven by workforce transitions, including career changes and retirements. (Source)
• More than 90% of financial advisors in the industry do not make it past three years. In simple terms, 9 out of 10 advisors are likely to fail. (Source)
• On average, personal financial advisors earn $99,580 annually or $47.88 per hour. (Source)
• The aging population is the key factor driving industry employment growth. As more baby boomers retire, many will seek financial planning advice from personal financial advisors. (Source)
• In 2022, the workforce of personal financial advisors consisted of 399,640 individuals, with 30.7% women and 69.3% men. (Source)
• As of September 2023, nearly half (47.6%) of most personal financial advisors or workers in the financial sector are working from home. (Source)
• In 2022, personal financial advisors earned an average of $168,465, which is $103,782 higher than the national average salary of $64,683. (Source)
• According to the Bureau of Labor Statistics, entry-level personal financial advisors typically hold bachelor’s degrees. (Source)
• Jobs with responsibilities similar to those of personal financial advisors and their wages are as follows:

The bottom line

With these stats, it’s clear financial advisors are evolving rapidly. In the upcoming years, this industry will see a significant change in projected growth rate, labor force, job outlook, and related activities.

Importantly, by staying informed using these stats, you can proactively adapt to these changes and position yourself ahead of the curve.

We hope you found these insights valuable—wishing you success in your financial journey!