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 $113,906 per year in Troy, MI.

Graph depicting the yearly salary distribution for Financial Advisor jobs in Troy, MI, showing an average salary of $113,906 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 $9,492 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 $2,190 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 $55 with varying distribution percentages across salary ranges.

Financial Advisors in Troy, MI, often earn an average yearly salary of $113,906. This reflects a range of earnings across different experience levels and roles. Many Financial Advisors fall within the $75,000 to $125,000 range, indicating strong earning potential in this field.

The salary distribution in Troy, MI, shows that many professionals earn between $62,500 and $162,500 annually. This range allows for significant career growth and opportunities for advancement. Positions that offer higher salaries typically require more experience, advanced certifications, or the ability to manage larger portfolios.

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

Financial advisors near Troy, MI can find some of the best pay in Sterling Heights. The average salary in this area reaches up to $194,094. Other nearby cities like Farmington Hills and Birmingham also offer strong financial opportunities. These cities provide competitive wages for those looking to build their careers in finance.

Graph displaying highest paying cities salaries for Financial Advisor jobs near Troy, MI, highlighting Sterling Heights, MI with the highest at $194,094 and Clawson, MI with the lowest at $52,075.

Sterling Heights, MI
Average Salary: $194,094
In Sterling Heights, financial professionals enjoy a dynamic market. Companies like PricewaterhouseCoopers and local credit unions offer many opportunities. The area's growth means a demand for knowledgeable advisors.
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Farmington Hills, MI
Average Salary: $110,340
Farmington Hills boasts a thriving business environment with prominent firms like MassMutual and Nationwide. Professionals here often find rewarding roles that cater to a diverse client base. The community’s wealth management needs fuel job growth.
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Birmingham, MI
Average Salary: $93,210
Birmingham, known for its affluent residents, provides a lucrative setting for financial advisors. Firms like Edward Jones and Morgan Stanley offer numerous openings. The area’s focus on investments makes it a prime location for experts in the field.
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Southfield, MI
Average Salary: $93,023
Southfield’s financial sector is robust, with major players such as Fidelity Investments and Chase. Working here means access to advanced resources and a strong network of professionals. The city's diverse economy supports a variety of financial services.
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Novi, MI
Average Salary: $70,812
Novi offers a balanced work environment with established firms like Merrill Lynch and UBS. Professionals here benefit from a community that values financial stability. The growing population increases demand for financial guidance.
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Livonia, MI
Average Salary: $59,340
Livonia provides a mix of corporate and independent opportunities. Companies like Vanguard and local credit unions are prominent. The city's diverse economy means advisors can serve a wide range of clients effectively.
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Clawson, MI
Average Salary: $52,075
Clawson’s smaller size allows for close community ties. Local financial institutions and independent advisors thrive here. Professionals enjoy a personalized approach to client service in a supportive environment.
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What are the best paying companies for a Financial Advisor in Troy, MI?

Top companies for Financial Advisor roles in Troy, MI, offer attractive salaries and benefits. Northwestern Mutual, for example, provides an average salary of $142,349, making it one of the best choices. Prudential Financial follows closely with an average salary of $109,347, also offering a competitive package. Financial Services of America, Charles Schwab, and Ameriprise Financial Services also pay well, with averages of $78,125, $77,875, and $75,700 respectively. These firms value their advisors and provide rewarding career opportunities.

Graph displaying best paying company salaries for Financial Advisor jobs in Troy, MI, highlighting Northwestern Mutual with the highest at $142,349 and Ameriprise Financial Services, LLC with the lowest at $75,700.

Northwestern Mutual
Average Salary: $142,349
At Northwestern Mutual, Financial Advisors enjoy a supportive environment with extensive resources. The company offers training and development programs to help advisors grow. It operates offices in many cities across the U.S., including Troy, MI.
Prudential Financial
Average Salary: $109,347
Prudential Financial provides a broad range of financial services and products. Financial Advisors here benefit from competitive salaries and a robust retirement plan. The company is active in Troy, MI, and many other locations.
Financial Services of America
Average Salary: $78,125
Financial Services of America offers a dynamic work environment for Financial Advisors. They focus on providing personalized financial planning and investment advice. This company operates in Troy, MI, and several other locations.
Charles Schwab
Average Salary: $77,875
Charles Schwab is a leader in financial services, providing extensive support to its Financial Advisors. The company fosters a culture of continuous learning and offers generous benefits. It has a strong presence in Troy, MI.
Ameriprise Financial Services, LLC
Average Salary: $75,700
Ameriprise Financial Services offers a rewarding career path for Financial Advisors. They provide tools and resources to help advisors succeed. This company operates in Troy, MI, and has a wide footprint across the U.S.

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

Job seekers in Troy, MI, should consider positions such as Portfolio Manager, which leads the way with an average salary of $167,875. This role involves managing investment portfolios and guiding clients to achieve their financial goals. Another lucrative option is Underwriting Manager, with an average salary of $130,000, where professionals assess risks and approve insurance policies. A third promising career is that of an Underwriter, earning an average of $125,588. Underwriters evaluate risks for insurance companies and decide whether to cover certain risks. These roles offer strong salaries and the chance to build a rewarding career in financial services.

Graph displaying best paying related job salaries for Financial Advisor jobs near Troy, MI, highlighting Portfolio Manager with the highest at $167,875 and Financial Assistant with the lowest at $44,921.

Portfolio Manager
Average Salary: $167,875
Portfolio Managers work with clients to build investment strategies. They analyze market trends and manage assets to meet client goals. They often work with firms like UBS and Fidelity Investments.
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Underwriting Manager
Average Salary: $130,000
An Underwriting Manager oversees the underwriting process. They assess risks and approve insurance policies. This role is common at companies like Allstate and Liberty Mutual.
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Underwriter
Average Salary: $125,588
Underwriters evaluate the risk of clients applying for insurance. They analyze data and decide if coverage should be approved. They work for firms like State Farm and Geico.
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Risk Specialist
Average Salary: $113,400
Risk Specialists identify and assess potential risks. They create plans to mitigate these risks for businesses. Companies like Marsh and Willis Towers Watson hire Risk Specialists.
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Risk Analyst
Average Salary: $88,306
Risk Analysts study data to predict future risks. They provide insights to help companies make informed decisions. They often work at companies like Moody's and S&P Global.
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Analyst
Average Salary: $82,731
Analysts examine data and provide insights to help businesses. They work on financial reports and market trends. They are employed by firms like Goldman Sachs and JPMorgan Chase.
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Wealth Management Advisor
Average Salary: $79,865
Wealth Management Advisors help clients manage their financial goals. They provide investment advice and plan for the future. They work for companies like Edward Jones and Morgan Stanley.
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Acquisitions Specialist
Average Salary: $78,872
Acquisitions Specialists identify and evaluate companies for mergers and acquisitions. They work on deals to expand a company’s portfolio. They are often hired by firms like Goldman Sachs and JPMorgan Chase.
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Personal Banker
Average Salary: $49,200
Personal Bankers assist clients with their financial needs. They provide services like account management and loan applications. They work at banks such as Chase and Wells Fargo.
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Financial Assistant
Average Salary: $44,921
Financial Assistants support financial professionals with tasks like data entry and report preparation. They help keep financial operations running smoothly. They are employed by firms like Deloitte and PwC.
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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 2,202 Financial Advisor job openings, nationwide.

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

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