WestwardAI Consulting

Local market data · Financial advisors · Philadelphia

AI for financial advisors in Philadelphia

The Philadelphia metro area had 585 financial advisors in 2022, the 7th most of 353 US metros and 2% of all in the country. They employed 3,370 people at an average of $148,292 a year. 91% have fewer than 10 staff, so the same few people answer the phone, book, follow up and do the paperwork. Those are the jobs AI tools take on today.

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Financial advisors in Philadelphia vs the US

Philadelphia metroUnited States
Businesses58524,303
People employed3,370110,887
Average staff per business5.84.6
Average yearly pay per employee$148,292$169,945
Share with fewer than 10 staff91%94%

Pay here is 13% lower than the national average for financial advisors, so every hour of staff time costs less to spend on admin. The average financial advisor here has 5.8 people on payroll, 26% higher than the US figure of 4.6.

How big financial advisors in Philadelphia are

Fewer than 5 staff485 (83%) US 84%
5 to 947 (8%) US 10%
10 to 1933 (6%) US 4%
20 to 4912 (2%) US 2%
50 or more6 (1%) US 1%

Businesses with paid employees, by number of employees, March 2022.

Financial advisors by county in the Philadelphia area

Montgomery County has the most, with 136 of the metro's 585 (23%). Among the 10 big metros on this page, Philadelphia ranks 9th for average pay and 7th for the share of small firms.

CountyBusinessesEmployeesAvg pay
Montgomery County1361,096$149,862
New Castle County112261$158,188
Chester County93825$162,178
Bucks County63295$172,868
Burlington County51162$104,846
Philadelphia County48456$139,246
Delaware County37164$132,213
Camden County2664$68,438
Gloucester County1947$61,085

Census withholds pay where few firms would make it identifiable.

Where AI helps a financial advisor first

A financial advisor gets the most from AI by automating what surrounds the advice: preparing for meetings, turning notes into follow-up tasks, chasing onboarding paperwork and keeping in touch with clients between reviews. The advice itself stays with the advisor. Westward can build these pieces, and a person approves anything that goes out.

What your team's admin hours cost in Philadelphia

Change any number. The starting values are the Philadelphia averages above; the hours and the share are yours to set.

Those hours cost you$170,400 a year

The share you would hand off$51,120 a year

Hours your team gets back720 a year

See what we would build for this

Guides for financial advisors, one job each

Financial advisors in other big metros

MetroBusinessesAvg payRank of 387
Los Angeles1,296$158,3482nd
New York1,747$317,0131st
Chicago813$233,5664th
Miami850$138,0483rd
Dallas703$186,0195th
Houston462$206,37912th
Atlanta483$197,28011th
Washington422$173,00614th
Boston541$181,5828th

Where these numbers come from

From the U.S. Census Bureau, County Business Patterns 2022 (released 2024), industry code NAICS 523930 (Investment advice), for the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area (11 counties). It counts businesses with paid employees in March 2022, so solo owners with no payroll are not in it. Average pay is total yearly payroll divided by employees. The calculator uses 50 working weeks and 2,080 hours a year. Page checked 2026-11-12.

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A free 30-minute call. You leave knowing which part of your financial advisor to hand to AI first, what we would build, and roughly how long it takes.

Related businesses in Philadelphia

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