How much does a Financial Advisor make in Troy, MI?
In Troy, MI, a Financial Advisor can expect to earn a competitive salary. The average yearly salary for this role is around $99,800. This figure reflects the skills and experience that professionals in this field bring to their work. The salary range is broad, with some advisors earning as little as $44,300 and others reaching up to $170,000 annually. This range shows the potential for growth and advancement in the career.
Several factors influence the salary of a Financial Advisor in Troy. These include years of experience, the size of the financial institution, and the complexity of the clients' financial needs. Advisors with more experience and those who manage larger portfolios often earn higher salaries. Additionally, those who have achieved certifications, such as Certified Financial Planner (CFP), may also see higher earnings. This career offers many opportunities for those willing to invest in their professional development.
What are the highest paying cities for a Financial Advisor near Troy, MI?
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Bloomfield Hills, MI
Average Salary: $101,750
In Bloomfield Hills, professionals find a thriving environment for financial experts. The city is home to many high-net-worth individuals, offering ample opportunities. Companies like Merrill Lynch and Edward Jones are prominent here.
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Farmington Hills, MI
Average Salary: $99,232
Farmington Hills provides a dynamic setting for those in the financial sector. The area's growing population and businesses create a steady demand for financial services. Firms like UBS and Morgan Stanley are well-established here.
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Birmingham, MI
Average Salary: $88,834
Birmingham offers a prestigious location for financial advisors. The city's affluent residents seek expert financial guidance. Major financial institutions like Wells Fargo and PNC Bank are present here.
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Southfield, MI
Average Salary: $88,596
Southfield is a bustling hub for financial professionals. The city's diverse economy and population make it ideal for financial advisors. Companies like Fidelity Investments and Charles Schwab are active here.
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Sterling Heights, MI
Average Salary: $74,434
Sterling Heights presents a growing market for financial experts. The city's expanding businesses and residents need financial planning services. Local firms and national companies like Vanguard are present here.
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Novi, MI
Average Salary: $74,393
Novi offers a vibrant community for financial advisors. The city's strong economy and professional population create many opportunities. Companies like Raymond James and BNY Mellon are well-regarded here.
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Livonia, MI
Average Salary: $55,920
Livonia provides a stable environment for financial professionals. The city's steady growth and diverse economy offer many opportunities. Local banks and financial firms like TD Ameritrade are active here.
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Clawson, MI
Average Salary: $51,167
Clawson is a welcoming community for financial experts. The city's small-town charm and growing businesses make it a good place to work. Local financial firms and national companies like E*TRADE are present here.
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Dearborn, MI
Average Salary: $50,731
Dearborn offers a diverse market for financial advisors. The city's mix of industries and residents creates many opportunities. Companies like JPMorgan Chase and American Express are well-established here.
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What are the best paying companies for a Financial Advisor in Troy, MI?
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Financial Services of America
Average Salary: $153,100
Financial Services of America offers rewarding opportunities for Financial Advisors. They provide comprehensive training and support. This company operates in Troy, MI, and other locations across the U.S. They focus on personalized financial planning and investment strategies.
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Northwestern Mutual
Average Salary: $132,486
Northwestern Mutual is known for its strong culture and excellent benefits. Financial Advisors here enjoy a supportive environment. The company operates in Troy, MI, and other major cities. They emphasize long-term financial planning and client relationships.
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Charles Schwab
Average Salary: $76,600
Charles Schwab provides a dynamic workplace for Financial Advisors. They offer competitive salaries and growth opportunities. This company operates in Troy, MI, and other locations nationwide. They focus on innovative financial solutions and client education.
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Ameriprise Financial
Average Salary: $76,429
Ameriprise Financial offers a collaborative environment for Financial Advisors. They provide extensive training and resources. The company operates in Troy, MI, and other major cities. They focus on comprehensive financial planning and investment management.
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PNC Financial Services Group
Average Salary: $58,650
PNC Financial Services Group offers a variety of opportunities for Financial Advisors. They provide a solid foundation for career growth. The company operates in Troy, MI, and other locations across the U.S. They focus on personalized financial services and client satisfaction.
What are the best paying Financial Advisor related jobs in Troy, MI?
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Portfolio Manager
Average Salary: $156,083
Portfolio managers oversee investment portfolios for clients. They analyze market trends and make decisions to maximize returns. Companies like Vanguard and Fidelity in Troy offer these roles.
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Underwriter
Average Salary: $117,276
Underwriters assess risks for insurance companies. They review applications and decide on coverage. Firms like Allstate and State Farm in Troy hire underwriters.
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Acquisitions Specialist
Average Salary: $112,500
Acquisitions specialists help companies buy other businesses. They evaluate potential targets and negotiate deals. Companies like General Motors and Quicken Loans in Troy seek these professionals.
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Investment Banker
Average Salary: $84,268
Investment bankers advise companies on raising capital. They help with mergers, acquisitions, and issuing securities. Banks like JPMorgan Chase and Bank of America in Troy offer these positions.
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Risk Analyst
Average Salary: $76,600
Risk analysts identify and assess financial risks. They develop strategies to mitigate these risks. Companies like PricewaterhouseCoopers and Deloitte in Troy hire risk analysts.
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Risk Specialist
Average Salary: $75,655
Risk specialists focus on specific areas of risk management. They analyze data and create reports. Firms in Troy, like Liberty Mutual and Nationwide, need risk specialists.
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Analyst
Average Salary: $72,520
Analysts gather and interpret financial data. They provide insights to help companies make informed decisions. Investment firms like BlackRock and T. Rowe Price in Troy employ analysts.
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Wealth Management Advisor
Average Salary: $71,223
Wealth management advisors help clients manage their investments. They create personalized financial plans. Wealth management firms in Troy, like Edward Jones and Merrill Lynch, offer these roles.
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Personal Banker
Average Salary: $55,805
Personal bankers assist clients with their banking needs. They provide services like loans and account management. Banks like Chase and Wells Fargo in Troy hire personal bankers.
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Financial Assistant
Average Salary: $45,400
Financial assistants support financial professionals. They handle tasks like data entry and report preparation. Companies in Troy, like Ford and Chrysler, need financial assistants.
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