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 $103,023 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 $103,023 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 $8,585 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 $1,981 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 $50 with varying distribution percentages across salary ranges.

In Sioux Falls, SD, a Financial Advisor can expect to earn a good salary. The average yearly salary for this role is around $103,023. This figure can vary based on experience, skills, and the specific employer. Many Financial Advisors in Sioux Falls earn between $66,318 and $125,773 annually. This range shows that there are opportunities for both entry-level and experienced professionals.

Several factors can influence a Financial Advisor's earnings in Sioux Falls. These include the size of the financial institution, the number of clients, and the advisor's performance. Experienced advisors with a strong track record often earn more. Those who work for larger firms or have a high client base can also see higher salaries. The financial industry in Sioux Falls offers a stable and rewarding career path for those interested in this field.

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

Financial advisors near Sioux Falls, SD, can find lucrative opportunities in nearby cities. Brookings, SD, leads with an average salary of $130,938. Pierre, SD, follows closely with an average salary of $121,300. Aberdeen, SD, offers a competitive average salary of $100,399. These cities provide attractive compensation packages for financial advisors. Lincoln, NE, and Grand Forks, ND, also offer strong salaries, with averages of $95,522 and $90,312, respectively. Job seekers should consider these locations for higher earning potential.

Graph displaying highest paying cities salaries for Financial Advisor jobs near Sioux Falls, SD, highlighting Brookings, SD with the highest at $130,938 and Williston, ND with the lowest at $82,931.

Brookings, SD
Average Salary: $130,938
In Brookings, financial advisors work with local businesses and residents to manage their wealth. The city's strong economy and community focus create a supportive environment for financial professionals. Many advisors find opportunities with local banks and financial institutions.
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Pierre, SD
Average Salary: $121,300
Pierre offers a unique blend of government and private sector opportunities for financial advisors. Advisors in the capital city often work with state employees and local businesses. The city's stable environment makes it a great place for financial planning.
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Aberdeen, SD
Average Salary: $100,399
Aberdeen provides a mix of agricultural and corporate opportunities for financial advisors. The city's economy thrives on agriculture and energy, offering diverse clients. Advisors in Aberdeen often work with local banks and financial firms.
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Lincoln, NE
Average Salary: $95,522
Lincoln is a growing hub for financial advisors, with a mix of government and private sector roles. The city's expanding economy offers many opportunities for professionals. Advisors in Lincoln often work with local banks and financial institutions.
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Grand Forks, ND
Average Salary: $90,312
Grand Forks offers a vibrant community for financial advisors. The city's strong economy and educational institutions create a dynamic environment. Advisors in Grand Forks often work with local banks and financial firms.
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Bismarck, ND
Average Salary: $88,877
Bismarck provides a stable and growing market for financial advisors. The city's economy is strong, with opportunities in energy and government. Advisors in Bismarck often work with local banks and financial institutions.
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Rapid City, SD
Average Salary: $88,785
Rapid City offers a mix of outdoor and urban opportunities for financial advisors. The city's growing economy and tourism industry create a diverse client base. Advisors in Rapid City often work with local banks and financial firms.
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Jamestown, ND
Average Salary: $88,611
Jamestown provides a close-knit community for financial advisors. The city's strong agricultural base and growing economy offer many opportunities. Advisors in Jamestown often work with local banks and financial institutions.
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Omaha, NE
Average Salary: $87,025
Omaha is a major financial hub with many opportunities for advisors. The city's diverse economy and large population create a dynamic market. Advisors in Omaha often work with major financial institutions and corporations.
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Williston, ND
Average Salary: $82,931
Williston offers a booming economy for financial advisors, driven by the energy sector. The city's growth provides many opportunities for professionals. Advisors in Williston often work with local banks and energy companies.
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What are the best paying companies for a Financial Advisor in Sioux Falls, SD?

Northwestern Mutual offers the highest average salary for financial advisors in Sioux Falls, SD, at $120,340. This company provides a competitive package and a strong reputation for financial stability. Magellan Health Services and Bankers Life also offer attractive salaries, with averages of $63,363 and $52,250, respectively. These companies provide good opportunities for those seeking a rewarding career in financial advising.

Graph displaying best paying company salaries for Financial Advisor jobs in Sioux Falls, SD, highlighting Northwestern Mutual with the highest at $120,340 and Bankers Life with the lowest at $52,250.

Northwestern Mutual
Average Salary: $120,340
Northwestern Mutual offers rewarding Financial Advisor jobs in Sioux Falls, SD. They focus on helping clients achieve financial security. The company operates nationwide, with a strong presence in Sioux Falls.
Magellan Health Services
Average Salary: $63,363
Magellan Health Services provides Financial Advisor positions in Sioux Falls, SD. They work in the healthcare sector, offering financial solutions to clients. The company operates in multiple states, including South Dakota.
Bankers Life
Average Salary: $52,250
Bankers Life offers Financial Advisor jobs in Sioux Falls, SD. They focus on life insurance and financial planning. The company operates across the United States, with a significant presence in Sioux Falls.

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

Financial advisors in Sioux Falls, SD, have several high-paying career options. Risk Management Managers earn an average of $131,500 annually. Wealth Management Advisors and Portfolio Managers also enjoy competitive salaries, with averages of $110,180 and $110,004, respectively.

Graph displaying best paying related job salaries for Financial Advisor jobs near Sioux Falls, SD, highlighting Risk Management Manager with the highest at $131,500 and Investment Banker with the lowest at $80,833.

Risk Management Manager
Average Salary: $131,500
This role involves assessing and managing financial risks. Companies like Ameriprise Financial and Northwestern Mutual hire for these positions. They focus on protecting the company's assets and ensuring financial stability.
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Underwriting Consultant
Average Salary: $111,319
Underwriting consultants evaluate the risk of insuring clients. They work with companies such as Farmers Insurance and State Farm. This job requires analyzing data to make informed decisions about insurance policies.
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Wealth Management Advisor
Average Salary: $110,180
These professionals help clients manage their wealth. They work with firms like Edward Jones and Morgan Stanley. They provide personalized financial advice to help clients achieve their financial goals.
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Portfolio Manager
Average Salary: $110,004
Portfolio managers oversee investment portfolios for clients. They work with companies like Fidelity Investments and Vanguard. This role involves making investment decisions to maximize returns and minimize risks.
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Chief Risk Officer
Average Salary: $106,450
Chief Risk Officers oversee the risk management strategy of a company. They work with firms like Goldman Sachs and JPMorgan Chase. This role requires a deep understanding of financial risks and how to mitigate them.
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Risk Specialist
Average Salary: $103,655
Risk specialists analyze and manage risks for companies. They work with firms like Allstate and USAA. This job involves identifying potential risks and developing strategies to address them.
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Underwriting Manager
Average Salary: $102,700
Underwriting managers oversee the underwriting process. They work with companies like Prudential and MetLife. They ensure that the underwriting team makes sound decisions about insuring clients.
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Risk Analyst
Average Salary: $94,636
Risk analysts assess financial risks for companies. They work with firms like Aon and Willis Towers Watson. This role involves analyzing data to identify potential risks and recommend solutions.
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Underwriter
Average Salary: $91,631
Underwriters evaluate the risk of insuring clients. They work with companies like Chubb and Berkshire Hathaway. This job involves analyzing data to determine the terms and conditions of insurance policies.
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Investment Banker
Average Salary: $80,833
Investment bankers help companies raise capital. They work with firms like Goldman Sachs and Morgan Stanley. This role involves advising clients on mergers, acquisitions, and other financial transactions.
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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 2,227 Financial Advisor job openings, nationwide.

How's the job market for a Financial Advisor in the US?

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