How much does a Financial Advisor make in Troy, MI?
Financial Advisors in Troy, MI, earn a competitive salary. On average, they make about $101,391 per year. This salary can vary based on experience, skills, and the specific company they work for. Many advisors start with a lower salary and see their earnings grow as they gain more experience and build a client base.
The salary range for Financial Advisors in Troy, MI, is quite broad. Some advisors earn as little as $44,300, while others can make over $170,000. The top earners often have advanced degrees, certifications, or have been in the field for many years. Additionally, those who work for larger firms or have a large number of clients can expect higher earnings. This range shows that there are many opportunities for growth and advancement in the field.
What are the highest paying cities for a Financial Advisor near Troy, MI?

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Bloomfield Hills, MI
Average Salary: $107,612
In Bloomfield Hills, financial professionals enjoy a thriving business environment. Many work for well-known firms like Fidelity Investments and UBS. The area offers a mix of corporate and independent roles.
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Farmington Hills, MI
Average Salary: $99,985
Farmington Hills provides a dynamic setting for financial experts. Companies like Edward Jones and Morgan Stanley are prominent here. The area offers diverse opportunities for career growth.
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Southfield, MI
Average Salary: $90,979
Southfield is a hub for financial advisors. Many work for major firms like Vanguard and Charles Schwab. The area offers a mix of urban and suburban settings.
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Birmingham, MI
Average Salary: $90,277
Birmingham offers a prestigious environment for financial professionals. Many firms, including Merrill Lynch and Wells Fargo, are based here. The area is known for its affluent clientele.
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Sterling Heights, MI
Average Salary: $75,381
Sterling Heights provides a growing market for financial advisors. Many work for local and national firms. The area offers a mix of residential and corporate opportunities.
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Novi, MI
Average Salary: $74,393
Novi is a great place for financial experts. Many work for firms like Fidelity and Edward Jones. The area offers a mix of suburban and urban settings.
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Livonia, MI
Average Salary: $54,667
Livonia offers a stable environment for financial professionals. Many work for local and national firms. The area provides a mix of corporate and independent roles.
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Dearborn, MI
Average Salary: $51,966
Dearborn provides a diverse market for financial advisors. Many work for firms like Bank of America and JPMorgan Chase. The area offers a mix of urban and suburban settings.
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Clawson, MI
Average Salary: $51,167
Clawson offers a community-focused environment for financial professionals. Many work for local firms and independent practices. The area provides a mix of residential and corporate opportunities.
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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 focus on personalized financial planning and investment management. The company operates in Troy, MI, and other key locations across the country.
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Northwestern Mutual
Average Salary: $134,526
Northwestern Mutual provides a supportive environment for Financial Advisors. They emphasize long-term client relationships and comprehensive financial planning. The company has offices in Troy, MI, and many other cities nationwide.
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Charles Schwab
Average Salary: $76,600
Charles Schwab offers a dynamic setting for Financial Advisors. They focus on investment management and financial planning. The company operates in Troy, MI, and has a presence in many other locations.
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Ameriprise Financial
Average Salary: $76,429
Ameriprise Financial provides a collaborative environment for Financial Advisors. They offer a range of financial services, including investment management and retirement planning. The company has offices in Troy, MI, and other major cities.
What are the best paying Financial Advisor related jobs in Troy, MI?

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Portfolio Manager
Average Salary: $156,083
This role involves managing investment portfolios for clients. It requires a deep understanding of financial markets and investment strategies. Companies like Fidelity and Vanguard offer such positions.
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Underwriter
Average Salary: $118,862
Underwriters assess risks for insurance companies. They analyze data to determine the likelihood of claims. Firms like Allstate and State Farm in Troy provide these opportunities.
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Acquisitions Specialist
Average Salary: $112,500
This position focuses on identifying and evaluating potential companies for mergers and acquisitions. It involves financial analysis and strategic planning. Companies like General Motors and Quicken Loans have such roles.
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Investment Banker
Average Salary: $84,268
Investment bankers help companies raise capital and make strategic financial decisions. They work closely with corporate clients. Banks like JPMorgan Chase and Bank of America offer these roles.
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Risk Analyst
Average Salary: $76,600
Risk analysts evaluate potential risks for companies. They develop strategies to mitigate these risks. Firms like PricewaterhouseCoopers and Deloitte in Troy offer these positions.
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Risk Specialist
Average Salary: $75,655
Risk specialists focus on identifying and managing risks for organizations. They create risk management plans. Companies like Ernst & Young and KPMG provide these opportunities.
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Analyst
Average Salary: $73,255
Analysts gather and interpret data to help companies make informed decisions. They work in various sectors, including finance and insurance. Firms like Fidelity and Vanguard offer analyst positions.
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Wealth Management Advisor
Average Salary: $71,771
Wealth management advisors help clients manage their investments and financial plans. They provide personalized advice. Companies like Edward Jones and Morgan Stanley offer these roles.
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Personal Banker
Average Salary: $54,441
Personal bankers assist clients with their banking needs. They offer advice on savings, loans, and investments. Banks like Chase and Wells Fargo in Troy provide these positions.
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Financial Assistant
Average Salary: $45,400
Financial assistants support financial managers by handling tasks like data entry and report preparation. They ensure smooth financial operations. Companies like PricewaterhouseCoopers and Deloitte offer these roles.
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