How much does a Financial Advisor make in Miami, FL?
In Miami, FL, a Financial Advisor can expect to earn a competitive salary. The average yearly salary for this role is around $95,586. This figure reflects a range of earnings, from those just starting out to seasoned professionals. The salary can vary based on experience, the size of the firm, and the complexity of the financial services provided.
The salary distribution shows a broad range of earnings. For instance, the lowest 10% of Financial Advisors earn about $51,500 annually. On the other end, the top 10% earn upwards of $185,000 per year. Most advisors fall in the middle, earning between $75,773 and $124,318. This range highlights the potential for growth and advancement in the field. Factors such as client base size, performance, and additional certifications can influence these earnings.
What are the highest paying cities for a Financial Advisor near Miami, FL?
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Key Biscayne, FL
Average Salary: $133,493
In Key Biscayne, financial professionals enjoy a vibrant community with a strong focus on wealth management. Many work for top firms like Morgan Stanley and Edward Jones, offering clients personalized financial advice.
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North Miami Beach, FL
Average Salary: $125,587
North Miami Beach offers a dynamic environment for financial advisors, with many working for companies like Merrill Lynch and UBS. The area's affluent population provides ample opportunities for growth and success.
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Dania, FL
Average Salary: $121,500
Dania is a growing area for financial advisors, with many working for firms like Fidelity Investments and Charles Schwab. The community's focus on financial stability makes it a great place for professionals in the field.
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Coral Gables, FL
Average Salary: $106,947
Coral Gables is known for its affluent residents, making it an excellent place for financial advisors. Many professionals work for companies like Vanguard and Wells Fargo, offering a range of financial services.
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Pembroke Pines, FL
Average Salary: $106,344
Pembroke Pines offers a diverse market for financial advisors, with many working for firms like JPMorgan Chase and Bank of America. The area's growing population provides many opportunities for career advancement.
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Hollywood, FL
Average Salary: $102,970
Hollywood is a bustling city for financial professionals, with many working for companies like Raymond James and Edward Jones. The area's diverse economy offers a wide range of financial services.
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Fort Lauderdale, FL
Average Salary: $99,299
Fort Lauderdale is a prime location for financial advisors, with many working for firms like Goldman Sachs and Morgan Stanley. The city's strong economy and affluent residents provide many opportunities for success.
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Miami Beach, FL
Average Salary: $98,987
Miami Beach offers a vibrant environment for financial advisors, with many working for companies like UBS and Merrill Lynch. The city's focus on luxury and wealth management makes it an ideal place for professionals in the field.
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Plantation, FL
Average Salary: $97,733
Plantation is a growing area for financial advisors, with many working for firms like Fidelity Investments and Charles Schwab. The community's focus on financial stability and growth provides many opportunities for career advancement.
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Deerfield Beach, FL
Average Salary: $94,623
Deerfield Beach offers a dynamic environment for financial professionals, with many working for companies like Vanguard and Wells Fargo. The area's focus on financial planning and wealth management makes it a great place for advisors.
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What are the best paying companies for a Financial Advisor in Miami, FL?
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Northwestern Mutual
Average Salary: $118,959
Northwestern Mutual offers rewarding careers for Financial Advisors in Miami, FL. They focus on long-term financial planning and wealth management. The company operates nationwide, offering a stable and supportive environment.
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Deloitte
Average Salary: $98,381
Deloitte provides diverse opportunities for Financial Advisors in Miami, FL. They emphasize financial consulting and advisory services. Deloitte is a global leader with offices in many major cities.
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Voya Financial Advisors
Average Salary: $88,983
Voya Financial Advisors offers competitive salaries for Financial Advisors in Miami, FL. They focus on retirement planning and investment management. Voya operates in multiple locations across the U.S.
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Truist
Average Salary: $85,200
Truist provides excellent opportunities for Financial Advisors in Miami, FL. They offer a range of financial services, including wealth management. Truist operates in many major cities across the country.
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First Command Financial Services
Average Salary: $81,500
First Command Financial Services offers rewarding careers for Financial Advisors in Miami, FL. They focus on financial planning and wealth management. The company operates in many locations across the U.S.
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New York Life
Average Salary: $80,347
New York Life offers competitive salaries for Financial Advisors in Miami, FL. They focus on life insurance and retirement planning. New York Life is a well-known company with offices in many major cities.
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Bank of America
Average Salary: $67,986
Bank of America offers a variety of opportunities for Financial Advisors in Miami, FL. They provide financial services and wealth management. The bank operates in many major cities across the U.S.
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Bankers Life
Average Salary: $52,100
Bankers Life offers entry-level opportunities for Financial Advisors in Miami, FL. They focus on life insurance and financial planning. The company operates in many locations across the U.S.
What are the best paying Financial Advisor related jobs in Miami, FL?
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Investment Banker
Average Salary: $178,178
This role involves helping companies and governments raise money. They work with clients to create plans for mergers, acquisitions, and other financial moves. In Miami, firms like Goldman Sachs and JPMorgan Chase offer these jobs.
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Chief Risk Officer
Average Salary: $169,492
This position focuses on identifying and managing risks. They develop strategies to protect the company from financial losses. In Miami, companies like Bank of America and Wells Fargo need these experts.
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Underwriting Manager
Average Salary: $164,500
They assess the risk of insuring clients. They decide what coverage to offer and the terms. In Miami, firms like State Farm and Allstate hire for these roles.
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Certified Financial Planner
Average Salary: $143,550
They help people manage their money. They create plans for saving, investing, and retirement. In Miami, firms like Edward Jones and Merrill Lynch offer these jobs.
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Underwriting Consultant
Average Salary: $143,350
They provide advice on insurance policies. They analyze risks and suggest the best coverage. In Miami, companies like Chubb and Travelers hire these consultants.
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Risk Management Manager
Average Salary: $135,613
They oversee risk management strategies. They ensure the company follows safety and financial guidelines. In Miami, firms like Allstate and Liberty Mutual need these managers.
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Wealth Management Advisor
Average Salary: $115,644
They help clients manage their wealth. They offer advice on investments, savings, and financial planning. In Miami, firms like Morgan Stanley and UBS hire for these roles.
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Risk Management Director
Average Salary: $103,221
They lead the risk management team. They develop policies to protect the company. In Miami, companies like American Airlines and Carnival Corporation hire these directors.
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Portfolio Manager
Average Salary: $102,701
They manage investment portfolios. They make decisions on buying and selling assets. In Miami, firms like Fidelity and Vanguard offer these jobs.
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Loss Control Consultant
Average Salary: $95,880
They help companies reduce losses. They analyze risks and suggest improvements. In Miami, firms like Allstate and State Farm hire these consultants.
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