Financial Advisor Salaries & Top Paying Companies in Sioux Falls, SD

Position

City

Salary

How much does a Financial Advisor make in Sioux Falls, SD?

The average salary for a Financial Advisor is $109,675 per year in Sioux Falls, SD.

Graph depicting the yearly salary distribution for Financial Advisor jobs in Sioux Falls, SD, showing an average salary of $109,675 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Financial Advisor jobs in Sioux Falls, SD, showing an average salary of $9,140 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Financial Advisor jobs in Sioux Falls, SD, showing an average salary of $2,109 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Financial Advisor jobs in Sioux Falls, SD, showing an average salary of $53 with varying distribution percentages across salary ranges.

A Financial Advisor working in Sioux Falls, South Dakota, can expect a competitive salary. On average, these professionals earn about $109,675 each year. This number shows that the role pays well, which can make it a good fit for those looking to enter the finance sector.

Some Financial Advisors in Sioux Falls make even more. The top earners in the profession bring in around $155,000 each year. These higher salaries come from those with more experience or those who work with higher-net-worth clients. Even for those starting out, the potential for growth is strong.

To give a clearer picture, here are the salary ranges for different levels of experience:

10% make between $46,500 and $56,409
25% earn between $56,409 and $66,318
50% make between $66,318 and $125,773
75% earn between $125,773 and $145,591
90% make between $145,591 and $155,000

What are the highest paying cities for a Financial Advisor near Sioux Falls, SD?

Job seekers aiming to become Financial Advisors should consider cities near Sioux Falls, SD, for the best pay. Brookings, SD, offers the highest average salary at over $141,000. Nearby Watertown, SD, provides a strong alternative with a salary around $139,000. Exploring other nearby cities like Mitchell, SD, and Pierre, SD, also provides competitive wages for Financial Advisors. Aberdeen, SD, and Lincoln, NE, further enhance the job market with good pay opportunities. These options make the area around Sioux Falls a promising place to seek higher-paying financial roles.

Graph displaying highest paying cities salaries for Financial Advisor jobs near Sioux Falls, SD, highlighting Brookings, SD with the highest at $141,464 and Omaha, NE with the lowest at $89,220.

Brookings, SD
Average Salary: $141,464
Brookings offers a supportive environment for financial professionals. It’s a place where teamwork and community spirit thrive. Notable companies like Wells Fargo and Northwestern Mutual are present.
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Watertown, SD
Average Salary: $138,900
In Watertown, the financial sector values knowledge and expertise. The city provides a good balance of work and leisure. Local firms like Ameriprise Financial offer good opportunities.
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Mitchell, SD
Average Salary: $137,810
Mitchell is a smaller city with big opportunities. Financial experts find a friendly community that appreciates their skills. Firms like Edward Jones are prominent here.
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Pierre, SD
Average Salary: $133,179
Pierre, the state capital, has a growing financial industry. It’s a place where advisors can make an impact. Companies like TD Ameritrade are active in the area.
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Aberdeen, SD
Average Salary: $116,277
Aberdeen offers a blend of urban and small-town living. Financial advisors here enjoy a strong work ethic. Local firms like Merrill Lynch provide solid opportunities.
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Lincoln, NE
Average Salary: $108,161
Lincoln has a dynamic job market. Financial professionals here benefit from a growing economy. Wells Fargo and Fidelity Investments are key players.
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Grand Forks, ND
Average Salary: $96,621
Grand Forks has a robust financial sector. It’s a place where advisors can thrive. Local banks like U.S. Bank offer various career paths.
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Rapid City, SD
Average Salary: $94,814
Rapid City offers scenic beauty and professional growth. Financial experts here find a supportive work environment. Firms like Charles Schwab are well-regarded.
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Bismarck, ND
Average Salary: $92,243
Bismarck provides a stable job market for financial professionals. The city values expertise and dedication. Companies like Vanguard are present.
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Omaha, NE
Average Salary: $89,220
Omaha is a hub for financial services. It offers many opportunities for growth. Firms like Berkshire Hathaway and Fidelity are major employers.
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What are the best paying companies for a Financial Advisor in Sioux Falls, SD?

Northwestern Mutual leads in offering the highest salary for financial advisor jobs in Sioux Falls, SD. This company pays its financial advisors around $134,832 on average each year. Following closely, Magellan Health Services provides a competitive salary of about $64,991 per year, making it a solid choice for those in the field.

Graph displaying best paying company salaries for Financial Advisor jobs in Sioux Falls, SD, highlighting Northwestern Mutual with the highest at $134,832 and Avera Health with the lowest at $47,083.

Northwestern Mutual
Average Salary: $134,832
Northwestern Mutual offers exciting opportunities for Financial Advisors. They value expertise and teamwork. Their Financial Advisors help clients achieve their financial goals. The company operates throughout the U.S. and globally.
Magellan Health Services
Average Salary: $64,991
Magellan Health Services provides comprehensive healthcare solutions. They seek dedicated Financial Advisors to assist members with financial planning. This company works with various healthcare providers nationwide.
Bankers Life
Average Salary: $52,250
At Bankers Life, Financial Advisors play a key role in helping clients secure their financial future. They offer life insurance and retirement plans. The company operates across the entire United States.
Avera Health
Average Salary: $47,083
Avera Health focuses on providing quality healthcare services. They need skilled Financial Advisors to support their clients. This health system serves communities in South Dakota and surrounding states.

What are the best paying Financial Advisor related jobs in Sioux Falls, SD?

If you are searching for well-paying jobs related to financial advisory, Sioux Falls, SD, offers several opportunities. Wealth Management Advisors, with an average salary of $116,768, and Underwriting Consultants, with an average of $111,319, are top earners in the field. Portfolio Managers earn an average of $110,004, making it another lucrative career path. Pursuing a role as a Chief Risk Officer or Risk Specialist can also lead to attractive salaries. The average income for a Chief Risk Officer is $106,450, while Risk Specialists earn an average of $103,655. These positions require skills in assessing financial risks and advising on strategies to mitigate them. Underwriting Managers, Risk Analysts, and Underwriters, all earning over $100,000, provide valuable services in evaluating and processing financial risks.

Graph displaying best paying related job salaries for Financial Advisor jobs near Sioux Falls, SD, highlighting Wealth Management Advisor with the highest at $116,768 and Analyst with the lowest at $72,015.

Wealth Management Advisor
Average Salary: $116,768
These professionals help clients plan for their future. They often work with local banks and investment firms. They manage portfolios to meet clients’ long-term goals.
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Underwriting Consultant
Average Salary: $111,319
This role involves assessing risks for insurance companies. They review applications and determine the risk involved. They work for companies like Nationwide Insurance and State Farm.
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Portfolio Manager
Average Salary: $110,004
Portfolio managers oversee and direct investment decisions. They manage funds for clients to achieve their financial goals. They often work at investment firms like Edward Jones and Fidelity Investments.
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Chief Risk Officer
Average Salary: $106,450
This position involves managing and mitigating risks for an organization. They develop strategies to handle risks. They often work at major banks like Wells Fargo and U.S. Bank.
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Risk Specialist
Average Salary: $103,655
Risk specialists analyze potential risks for businesses. They create reports and suggest ways to reduce risk. They often work for financial institutions like American Express and Discover Financial.
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Underwriting Manager
Average Salary: $102,700
They oversee the underwriting team and ensure accurate risk assessments. They manage policies and procedures. They often work for firms like Farmers Insurance and Allstate.
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Risk Analyst
Average Salary: $94,636
These analysts study data to identify potential risks. They provide insights and recommendations. They work for companies such as Prudential Financial and MetLife.
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Underwriter
Average Salary: $88,552
Underwriters assess the risk of insuring clients. They decide whether to accept or decline insurance applications. They often work for companies like Aon and Willis Towers Watson.
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Investment Banker
Average Salary: $73,980
Investment bankers help companies raise capital. They advise on mergers, acquisitions, and other financial transactions. They often work for firms like Goldman Sachs and JPMorgan Chase.
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Analyst
Average Salary: $72,015
Analysts gather and interpret data. They provide insights that help companies make informed decisions. They often work for firms like UBS and Morgan Stanley.
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Financial Advisor Salary in Sioux Falls, SD

How much does a Financial Advisor make in Sioux Falls, SD?

What are the highest paying cities for a Financial Advisor near Sioux Falls, SD?

What are the best paying companies for a Financial Advisor in Sioux Falls, SD?

Currently 1,855 Financial Advisor job openings, nationwide.

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