Financial Advisor Salaries & Top Paying Companies in Troy, MI

Position

City

Salary

How much does a Financial Advisor make in Troy, MI?

The average salary for a Financial Advisor is $105,426 per year in Troy, MI.

Graph depicting the yearly salary distribution for Financial Advisor jobs in Troy, MI, showing an average salary of $105,426 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Financial Advisor jobs in Troy, MI, showing an average salary of $8,786 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Financial Advisor jobs in Troy, MI, showing an average salary of $2,027 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Financial Advisor jobs in Troy, MI, showing an average salary of $51 with varying distribution percentages across salary ranges.

A Financial Advisor in Troy, MI, earns an average yearly salary of $105,426. This figure represents a good earning potential for those in the field. The data shows a range of salaries that can help job seekers set realistic expectations.

Here is a breakdown of the salary distribution:

4.19% of Financial Advisors earn between $50,050 and $60,955.
15.37% earn between $60,955 and $71,859.
25.15% earn between $71,859 and $82,764.
8.38% earn between $82,764 and $93,668.
4.19% earn between $93,668 and $104,573.
15.37% earn between $148,191 and $159,095.
9.78% earn between $115,477 and $126,382.
12.57% earn more than $159,095.

Understanding this range can guide career planning and salary negotiations.

What are the highest paying cities for a Financial Advisor near Troy, MI?

Job seekers looking for high-paying financial advisor roles near Troy, MI, will find excellent opportunities in Farmington Hills, MI. The average salary there is $111,853, which is the highest among nearby cities. Candidates can expect strong financial benefits and professional growth. In the nearby cities, Southfield, MI, and Birmingham, MI, also offer attractive salaries for financial advisors. Southfield pays an average of $82,675, while Birmingham has an average salary of $90,336. These cities provide competitive salaries and a chance to work with top financial institutions.

Graph displaying highest paying cities salaries for Financial Advisor jobs near Troy, MI, highlighting Farmington Hills, MI with the highest at $111,853 and Clawson, MI with the lowest at $51,167.

Farmington Hills, MI
Average Salary: $111,853
In Farmington Hills, professionals find a thriving environment for financial experts. Many work in well-established firms where they help clients with investments and retirement planning. Notable companies include Fidelity Investments and Merrill Lynch.
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Birmingham, MI
Average Salary: $90,336
Birmingham offers a refined setting for those in the financial field. Here, advisors often deal with high-net-worth individuals. Major financial institutions like UBS and Charles Schwab provide great opportunities for career growth and client interactions.
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Southfield, MI
Average Salary: $82,675
Southfield is known for its diverse financial services sector. Financial advisors here engage with a variety of clients, from individuals to businesses. Companies like Morgan Stanley and Edward Jones are prominent in this area.
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Sterling Heights, MI
Average Salary: $75,381
Sterling Heights provides a community-oriented atmosphere for financial advisors. These professionals often work in a collaborative environment, helping clients with comprehensive financial strategies. Key firms in this city include PNC Financial Services and Bank of America.
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Novi, MI
Average Salary: $74,393
Novi offers a growing market for financial experts. Advisors in this area focus on personalized financial planning. They work for companies like Vanguard and Schwab, which value strong client relationships.
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Pontiac, MI
Average Salary: $55,012
Pontiac presents a vibrant setting for those in finance. Advisors often assist clients with wealth management and estate planning. Firms such as JPMorgan Chase and TD Ameritrade offer strong opportunities in this city.
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Livonia, MI
Average Salary: $54,667
In Livonia, financial advisors enjoy a supportive environment. They focus on helping clients with tax planning and insurance. Major firms like Allstate and State Farm provide robust career paths for financial experts.
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Dearborn, MI
Average Salary: $51,966
Dearborn offers a dynamic landscape for financial professionals. They often work with clients on investment strategies and financial security. Companies like BNY Mellon and Capital One provide excellent opportunities in this area.
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Clawson, MI
Average Salary: $51,167
Clawson provides a close-knit community for financial advisors. These professionals often focus on retirement planning and estate management. Key firms in this area include Raymond James and E*TRADE.
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What are the best paying companies for a Financial Advisor in Troy, MI?

Financial Advisors in Troy, MI, can find top-tier employment opportunities with several prestigious companies. Financial Services of America offers an average salary of $153,100, providing a lucrative career path for those in the field. Another top employer, Northwestern Mutual, pays an average of $137,556, appealing to those seeking a balance of compensation and professional growth. For those considering these roles, both firms offer strong prospects for financial stability and career advancement.

Graph displaying best paying company salaries for Financial Advisor jobs in Troy, MI, highlighting Financial Services of America with the highest at $153,100 and Ameriprise Financial with the lowest at $76,429.

Financial Services of America
Average Salary: $153,100
Financial Services of America offers rewarding careers for Financial Advisors. Their advisors help clients with various financial goals. They operate in multiple locations in Troy, MI, providing diverse opportunities.
Northwestern Mutual
Average Salary: $137,556
Northwestern Mutual is a well-known company for Financial Advisors in Troy, MI. They offer competitive salaries and benefits. The company helps advisors build strong client relationships in local areas and beyond.
Charles Schwab
Average Salary: $76,750
Charles Schwab provides a solid environment for Financial Advisors. They focus on long-term client growth. The company’s Troy, MI, office is part of a larger network, ensuring wide-ranging opportunities.
Ameriprise Financial
Average Salary: $76,429
Ameriprise Financial is another great place for Financial Advisors in Troy, MI. The company supports its advisors with training and resources. They operate in several locations, offering a stable work environment.

What are the best paying Financial Advisor related jobs in Troy, MI?

High-paying roles in the financial sector around Troy, MI, include Portfolio Manager and Underwriter. These jobs offer salaries that significantly exceed the national average, making them attractive to those in the field. With a focus on managing and assessing investments, these positions provide both strong compensation and the chance to influence financial strategies. Specialized roles such as Investment Banker and Wealth Management Advisor also feature prominently in this area. These jobs require a blend of financial acumen and client interaction, often leading to higher earnings. The financial landscape in Troy, MI, thus presents numerous opportunities for professionals seeking lucrative career paths.

Graph displaying best paying related job salaries for Financial Advisor jobs near Troy, MI, highlighting Portfolio Manager with the highest at $167,300 and Bank Consultant with the lowest at $41,962.

Portfolio Manager
Average Salary: $167,300
Portfolio managers oversee and make investment decisions for clients. They work closely with individuals and businesses. This role often involves analyzing market trends and making strategic decisions.
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Underwriter
Average Salary: $117,959
Underwriters assess the risk of providing insurance or investment products. They analyze data and make decisions to accept or decline potential clients. This job requires attention to detail and strong analytical skills.
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Acquisitions Specialist
Average Salary: $112,500
Acquisition specialists handle the process of buying other companies or assets. They work with finance teams to ensure transactions are smooth. This role is critical for expanding a company's reach and capabilities.
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Investment Banker
Average Salary: $81,143
Investment bankers advise companies on how to raise capital. They help with mergers, acquisitions, and other financial transactions. This role involves a lot of communication and negotiation with clients.
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Analyst
Average Salary: $73,805
Analysts gather and interpret data to help companies make informed decisions. They often work in financial services and need strong analytical skills. This job requires attention to detail and the ability to explain complex information clearly.
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Wealth Management Advisor
Average Salary: $70,886
Wealth management advisors help clients manage their wealth. They provide personalized financial advice and investment strategies. This role involves building relationships and understanding clients' financial goals.
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Risk Specialist
Average Salary: $56,310
Risk specialists identify and manage potential risks for companies. They analyze data and develop strategies to mitigate those risks. This job involves critical thinking and problem-solving skills.
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Personal Banker
Average Salary: $50,077
Personal bankers serve individual clients and help them with their banking needs. They offer advice on savings, loans, and investments. This role emphasizes customer service and relationship management.
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Financial Assistant
Average Salary: $45,400
Financial assistants support various financial activities within a company. They help with data entry, report preparation, and administrative tasks. This job requires accuracy and efficiency.
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Bank Consultant
Average Salary: $41,962
Bank consultants advise clients on financial strategies and services. They work closely with clients to understand their needs and provide tailored solutions. This role involves excellent communication and advisory skills.
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Financial Advisor Salary in Troy, MI

How much does a Financial Advisor make in Troy, MI?

What are the highest paying cities for a Financial Advisor near Troy, MI?

What are the best paying companies for a Financial Advisor in Troy, MI?

Currently 1,855 Financial Advisor job openings, nationwide.

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

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