How much does a Financial Advisor make in Coral Gables, FL?
If you're considering a career as a Financial Advisor in Coral Gables, Florida, it’s important to know what you can expect in terms of salary. The average yearly salary for a Financial Advisor in this area is around $119,974. This figure can help you gauge the financial rewards of this profession. Many people find this average figure encouraging as it reflects the skill and expertise required for this role.
The salary data for Financial Advisors in Coral Gables shows a range of earnings. The lowest 10% earn about $74,000 per year, while the top 10% earn more than $155,500 annually. This spread suggests opportunities for growth and advancement. Some common salary ranges include:
- $74,000 – $81,409 for the lowest 10%
- $88,818 – $96,227 for the next 10%
- $103,636 – $111,045 for the mid-range earners
- $118,455 – $125,864 for those slightly above average
- $148,091 – $155,500 for the top earners
What are the highest paying cities for a Financial Advisor near Coral Gables, FL?
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Key Biscayne, FL
Average Salary: $133,493
Key Biscayne offers a vibrant and affluent environment for those in financial services. With luxury properties and a high concentration of affluent residents, the demand for personalized financial guidance remains strong. Working here often includes interactions with top-tier clients.
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North Miami Beach, FL
Average Salary: $128,565
North Miami Beach presents a dynamic setting for financial professionals. The city's diverse population means advisors often work with a wide range of clients. Being near a major financial hub allows for access to many investment opportunities.
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Miami Beach, FL
Average Salary: $118,385
In Miami Beach, the financial landscape is vibrant and fast-paced. The city's reputation as a financial center means advisors have many opportunities to grow. Interaction with both local businesses and high-profile clients is common.
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Miami, FL
Average Salary: $113,835
Miami offers a bustling environment for financial advisors. The city's diverse economy means advisors can work with various clients, from entrepreneurs to international clients. Miami’s reputation as a financial hub provides many opportunities for career advancement.
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Hollywood, FL
Average Salary: $113,395
Hollywood provides a mix of residential and commercial opportunities for financial advisors. The area’s growing population means many clients are looking for personalized financial strategies. Working here offers a balance of city life and suburban charm.
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Coral Springs, FL
Average Salary: $112,125
Coral Springs offers a community-focused environment for financial professionals. The area is known for its family-oriented lifestyle, which often translates to stable client relationships. Advisors here often work with local businesses and families.
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Fort Lauderdale, FL
Average Salary: $105,796
Fort Lauderdale’s diverse economy provides a rich landscape for financial advisors. The city’s maritime industry and tourism sector create unique financial needs. Working here often means interacting with a variety of clients from different industries.
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Pembroke Pines, FL
Average Salary: $101,757
Pembroke Pines offers a suburban environment with a growing demand for financial services. The area's expanding population means many clients seek financial planning and investment advice. Advisors here often work closely with families and local businesses.
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Pompano Beach, FL
Average Salary: $93,205
Pompano Beach presents a balanced lifestyle for financial advisors. The city’s growing economy means many clients are looking for investment and retirement planning. Working here often involves a mix of urban and coastal client interactions.
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Plantation, FL
Average Salary: $92,301
Plantation offers a thriving environment for financial professionals. The city’s diverse economy and growing population mean many clients need tailored financial strategies. Working here often includes interaction with both local businesses and residents.
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What are the best paying companies for a Financial Advisor in Coral Gables, FL?
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Northwestern Mutual
Average Salary: $127,010
Northwestern Mutual offers exciting opportunities for Financial Advisors in Coral Gables, FL. They provide tools, training, and support to help advisors succeed. This company has offices in Coral Gables and other locations.
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Charles Schwab
Average Salary: $76,500
Charles Schwab is a leading firm that hires Financial Advisors in Coral Gables, FL. They focus on client service and offer a range of investment products. Their Coral Gables office is part of a larger network, providing a robust platform for financial professionals.
What are the best paying Financial Advisor related jobs in Coral Gables, FL?
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Underwriter
Average Salary: $120,045
Underwriters assess risks for insurance companies. They examine applications and decide if the company should provide coverage. Companies in the area like Liberty Mutual conduct this work.
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Acquisitions Specialist
Average Salary: $120,000
Acquisitions specialists help companies buy other businesses. They work with legal teams and finance experts. Companies in the area such as UnitedHealth Group need these specialists.
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Risk Management Manager
Average Salary: $116,000
Risk managers identify and reduce company risks. They create plans to handle potential issues. Local companies like American Express value their expertise.
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Wealth Management Advisor
Average Salary: $115,838
Wealth management advisors help clients grow their money. They provide investment advice and plan for the future. Firms like Merrill Lynch offer these opportunities.
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Portfolio Manager
Average Salary: $114,913
Portfolio managers oversee investments for clients. They pick stocks, bonds, and other assets. Investment firms like JPMorgan Chase need these professionals.
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Risk Analyst
Average Salary: $105,000
Risk analysts study data to find potential problems. They help companies make smart decisions. Local banks and financial institutions look for these analysts.
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Investment Banker
Average Salary: $97,500
Investment bankers help companies raise money. They work on mergers and acquisitions. Banks like Goldman Sachs need these experts.
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Analyst
Average Salary: $77,587
Analysts study financial data to provide insights. They help companies make informed decisions. Local financial firms and banks hire these professionals.
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Individual Pension Adviser
Average Salary: $67,500
Pension advisers help people plan for retirement. They offer advice on pension plans. Firms like Fidelity Investments seek these professionals.
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Risk Specialist
Average Salary: $49,480
Risk specialists focus on identifying financial risks. They develop strategies to protect companies. Companies like Allstate look for these specialists.
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