7,000+ Financial Coach jobs in United States (2024)

FAQs

How much money can you make as a financial coach? ›

As of Jun 29, 2024, the average hourly pay for a Financial Coach in California is $21.15 an hour.

Business owners – Let business owners in the community know of your services. Even if they don't use your services, other professionals may need financial coaching services, and they can refer you, or you can trade referrals to increase your client list.

According to the 2021 U.S. Bureau of Labor Statistics data, there are more than 330,300 financial advisors employed in the United States with an increasing number projected over the next decade.

Average Ramsey Solutions Coach yearly pay in the United States is approximately $59,086, which is 14% above the national average.

Career coaching and wellness coaching are currently in high demand, addressing individuals' aspirations for professional growth and holistic well-being. Executive coaching is also popular, with leaders seeking guidance to enhance their leadership skills and navigate complex business challenges.

Financial coaches typically charge an average of $257 hourly or per-session fees for their services. Some coaches also offer coaching packages that range from a few hundred dollars and reach up to $5,900. Unlike financial coaches, financial advisors may earn commissions on the products they sell.

Although clients' income level and goals are a major difference between financial coaching and typical planning services, there's also a difference in regulation. Garrett says, “As a financial coach, I'm not legally allowed to give investment advice, sell insurance, or give tax or legal advice.

Selecting the Right Certification Program

For instance, the AFC credential from AFCPE ranges from $1,300 to $1,500, while Dave Ramsey's Financial Coach Master Training costs about $4,000.

Craft and tell your story so clients understand your expertise and how your backstory relates to their specific needs. Along with your finding your Why, crafting your story is one of the most important things to help you become a financial coach.

A good average number of clients per financial advisor to have is usually in the range of 50 to 150. But you may need fewer than that if you're primarily targeting high-net-worth individuals. Finding your ideal number of clients can depend largely on your goals as an advisor.

How much does it cost to be a financial coach? ›

On average, financial coaches charge between $150 and $300 per 1-hour session. However, there is a big range because all money coaches set their own fees for their services. Costs can vary depending on their level of experience and expertise, geographical location, and the way they package their services.

It's becoming more mainstream, which is fantastic for everyone. But remember, there's still a need for private financial coaches. People will always seek out personal, one-on-one guidance.

Financial Advisor Employment Expansion

The Bureau of Labor Statistics has projected that 42,000 new financial advisor jobs would be added between 2022 and 2032. That will increase the total number of positions 13% over the decade from 227,600 in 2022 to 369,600 in 2032.

The average financial coach salary in America is $47,895 annually. But listen—we've been training financial coaches for more than 30 years, and we know coaches who make between $200,000 and $400,000 a year. (Yes, really!) That's because they've hustled and really built up their practice.

Financial coaches, like most types of advisors, do not have a mandatory level of training or certification. Unlike financial advisors, financial coaches rarely give investment advice (and if they do, they must be registered as an investment advisor).

The U.S. coaching industry is growing at a 5.4% annual pace

The U.S. personal coaching market is forecast to grow at a 5.4% average annual pace. By 2022, it was estimated to be worth $1.38 billion.