How much does a Financial Advisor make in Sioux Falls, SD?
Financial advisors in Sioux Falls, South Dakota, earn competitive salaries. On average, they make about $126,438 per year. This average takes into account the wide range of salaries available to financial advisors in the area. It covers those just starting out to those with many years of experience.
Here are some more details about the salary distribution:
- The lowest 10% earn about $48,250 or less per year.
- The top 10% earn $231,659 or more annually.
What are the highest paying cities for a Financial Advisor near Sioux Falls, SD?

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Mitchell, SD
Average Salary: $155,500
Mitchell offers a growing market for financial professionals. With its welcoming community, Mitchell presents opportunities for those looking to establish a strong presence in financial advising. Local firms value personalized service, making it an excellent place for advisors to build lasting client relationships.
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Pierre, SD
Average Salary: $151,892
In Pierre, financial advisors can expect a stable and supportive work environment. The state capital's business sector thrives on stability and growth. Opportunities exist with prominent local firms that prioritize community engagement, offering advisors a chance to make a meaningful impact.
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Brookings, SD
Average Salary: $144,667
Brookings combines a vibrant academic atmosphere with a strong local economy. Financial advisors here benefit from a diverse client base that includes students, faculty, and local businesses. The presence of South Dakota State University adds a dynamic element to the financial services landscape.
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Watertown, SD
Average Salary: $140,409
Watertown presents a unique market for financial advisors, with a mix of small businesses and established companies. The city's economy is robust, providing a fertile ground for those looking to develop a broad client portfolio. Local businesses often seek tailored financial strategies, making Watertown an ideal place for personalized advice.
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Aberdeen, SD
Average Salary: $132,302
Aberdeen offers a solid market for financial professionals, supported by a strong local economy. The city’s businesses range from manufacturing to services, providing a diverse client base. Advisors here can leverage the community's collaborative spirit to build long-lasting professional relationships.
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Lincoln, NE
Average Salary: $115,320
Lincoln presents a thriving environment for financial advisors, with a mix of state government, educational institutions, and private businesses. The city’s economy is diverse, offering opportunities for advisors to cater to a wide range of clients. Lincoln’s professional community values expert financial guidance, making it an excellent place for career growth.
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Rapid City, SD
Average Salary: $100,191
Rapid City offers a dynamic market for financial advisors, driven by a strong local economy and a growing tourism industry. The city’s diverse business landscape provides numerous opportunities for advisors to specialize in various sectors. Rapid City’s community-focused businesses appreciate personalized financial services, making it a rewarding place to work.
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Fargo, ND
Average Salary: $94,856
Fargo provides a vibrant market for financial advisors, supported by a strong local economy and a growing population. The city’s businesses, ranging from healthcare to retail, offer a diverse client base. Fargo’s professional community values comprehensive financial planning, making it an excellent place for advisors to thrive.
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Bismarck, ND
Average Salary: $94,849
Bismarck offers a stable and growing market for financial professionals. The city’s economy is robust, with a mix of state government, energy, and agriculture sectors. Opportunities exist for those looking to build a strong presence in financial advising. Bismarck’s community values personalized financial services, making it a great place to work.
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Des Moines, IA
Average Salary: $94,616
Des Moines presents a dynamic market for financial advisors, with a strong local economy and diverse business landscape. The city is home to numerous insurance companies and financial institutions, offering a wide range of opportunities. Des Moines’ professional community values expert financial guidance, making it an excellent place for career growth.
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What are the best paying companies for a Financial Advisor in Sioux Falls, SD?

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First PREMIER Bank/PREMIER Bankcard
Average Salary: $250,000
At First PREMIER Bank/PREMIER Bankcard, Financial Advisors enjoy a collaborative environment. The bank serves customers in Sioux Falls, SD, and offers competitive benefits and growth opportunities.
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Northwestern Mutual
Average Salary: $144,363
Northwestern Mutual is known for its strong culture and support for Financial Advisors. Located in Sioux Falls, SD, the company offers a variety of financial products and services to clients.
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Thrivent
Average Salary: $110,833
Thrivent provides a rewarding career for Financial Advisors. This company operates in Sioux Falls, SD, focusing on financial security and well-being for clients.
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Magellan Health
Average Salary: $71,316
Magellan Health offers Financial Advisors opportunities to work in Sioux Falls, SD. The company values innovation and a client-centered approach.
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Edward Jones
Average Salary: $68,138
Edward Jones is a well-known company that hires Financial Advisors in Sioux Falls, SD. The company emphasizes personal relationships and financial planning.
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Avera Health
Average Salary: $47,083
Avera Health offers Financial Advisor positions in Sioux Falls, SD. The company focuses on health care and provides a supportive work environment.
What are the best paying Financial Advisor related jobs in Sioux Falls, SD?

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Risk Management Manager
Average Salary: $131,250
People in this role help companies identify and reduce risks. They work with top management to create plans for dealing with financial risks. Key firms in the area include Ameriprise Financial and T. Rowe Price.
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Portfolio Manager
Average Salary: $124,865
These professionals oversee investment portfolios for clients. They make decisions about buying and selling investments. Wells Fargo and JP Morgan Chase are leading employers in this field.
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Underwriting Consultant
Average Salary: $111,319
They assess risk for insurers. These consultants help decide if a company should insure someone or something. They work with firms such as UnitedHealth Group and Sanford Health.
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Underwriting Manager
Average Salary: $102,700
This position leads underwriting teams. Managers review and approve insurance applications. Companies like Northwestern Mutual and MassMutual often need these managers.
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Wealth Management Advisor
Average Salary: $102,293
Advisors in this role help clients manage their wealth. They create personalized financial plans. They often work for companies like Edward Jones and Merrill Lynch.
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Risk Analyst
Average Salary: $87,009
Analysts study financial data to spot potential risks. They advise companies on how to avoid these risks. Firms such as Aon and Willis Towers Watson hire for these roles.
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Underwriter
Average Salary: $82,864
Underwriters decide if a company should provide insurance. They assess the risk for insuring a person or business. Insurance giants like State Farm and Nationwide are top employers.
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Analyst
Average Salary: $75,843
Analysts look at financial data to provide insights. They support decision-making in companies. Key firms hiring analysts include Citibank and U.S. Bank.
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Loss Control Consultant
Average Salary: $71,760
Consultants in this role help companies reduce losses. They advise on safety and risk management. Companies like Travelers and Allstate often seek these experts.
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Financial Assistant
Average Salary: $49,920
Assistants help with financial tasks for companies. They manage budgets and track expenses. Many local firms hire for these positions.
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