How much does a Financial Advisor make in Troy, MI?
Financial Advisors in Troy, MI, earn a good salary. On average, they make $107,372 each year. This salary can vary based on experience, skills, and the firm they work for. Many financial advisors start with an entry-level salary and see their income grow as they gain experience.
The salary range for financial advisors in Troy, MI, spans from $50,050 to $162,500. Most advisors fall into the middle range, with a significant percentage earning between $70,495 and $90,941. This indicates a good earning potential, especially for those who develop strong client relationships and excel in their role. These numbers show that with dedication and the right skills, financial advisors can earn a very comfortable living in Troy, MI.
What are the highest paying cities for a Financial Advisor near Troy, MI?
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Sterling Heights, MI
Average Salary: $181,994
In Sterling Heights, financial professionals enjoy a vibrant community with many opportunities for growth. Major firms like Fidelity Investments and JPMorgan Chase offer various positions. The area's diverse economic landscape provides ample avenues for career advancement.
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Farmington Hills, MI
Average Salary: $107,429
Farmington Hills offers a strong financial services sector with firms like UBS and Charles Schwab. Working here means being part of a community that values financial stability and growth. The area boasts a strong network of professionals, making it a great place for career development.
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Birmingham, MI
Average Salary: $92,085
Birmingham is a hub for financial advisors, with companies like Edward Jones and Morgan Stanley. This city’s affluent population provides a steady stream of clients seeking expert financial advice. The professional environment here encourages ongoing education and networking.
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Southfield, MI
Average Salary: $82,675
Southfield provides a dynamic setting for financial advisors, with numerous companies looking to hire. Major firms like PricewaterhouseCoopers and Deloitte are present, offering diverse opportunities. The city’s strong economic base supports a thriving financial sector.
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Novi, MI
Average Salary: $74,781
Novi is home to several financial advisory firms, including Raymond James and Edward Jones. Working here means being part of a community that values financial planning and security. The area’s growing economy offers many prospects for those in the field.
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Dearborn, MI
Average Salary: $58,483
In Dearborn, financial advisors work with firms like Bank of America and TD Ameritrade. The city’s diverse economy supports a broad range of financial services. This area provides a supportive environment for professionals aiming to advance their careers.
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Livonia, MI
Average Salary: $56,075
Livonia offers a stable environment for financial professionals, with companies like Fidelity Investments and Schwab. The city’s strong community focus on financial health makes it an ideal place for career growth. Many firms here value experienced advisors and offer excellent opportunities.
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Pontiac, MI
Average Salary: $55,012
Pontiac’s financial sector includes firms such as JP Morgan Chase and Raymond James. This city provides a good mix of urban and suburban opportunities. Working in Pontiac means being part of a community that appreciates and invests in financial expertise.
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Clawson, MI
Average Salary: $52,075
Clawson is a great place for financial advisors, with local firms like Edward Jones and Chase. The city’s growing economy offers many clients looking for financial guidance. Working here means being part of a close-knit community that values financial stability.
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What are the best paying companies for a Financial Advisor in Troy, MI?
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Northwestern Mutual
Average Salary: $139,187
Northwestern Mutual offers Financial Advisor jobs with competitive salaries. They have offices in Troy, MI, and other key locations. This company values its advisors, providing them with training and support.
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Financial Services of America
Average Salary: $122,375
Financial Services of America provides rewarding roles for Financial Advisors. They operate from Troy, MI, and have branches nationwide. This company focuses on helping clients with their financial goals.
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Charles Schwab
Average Salary: $76,857
Charles Schwab hires Financial Advisors who enjoy a good salary. They have offices in Troy, MI, and many other locations. Schwab offers a supportive environment with growth opportunities.
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Ameriprise Financial
Average Salary: $76,429
Ameriprise Financial seeks skilled Financial Advisors for their team. They have an office in Troy, MI, and other major cities. This company offers a collaborative culture and continuous learning.
What are the best paying Financial Advisor related jobs in Troy, MI?
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Portfolio Manager
Average Salary: $161,917
Manages various investment portfolios. Ensures investment decisions align with clients' goals. Works with firms like JPMorgan Chase and Capital One.
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Underwriter
Average Salary: $114,940
Assess the risk of insurance clients. Evaluate the possibility of approving loans. Key players include local banks such as Fifth Third Bank and Huntington Bank.
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Acquisitions Specialist
Average Salary: $112,500
Focuses on identifying and managing the acquisition process of businesses. Collaborates with investment firms and large corporations in the area.
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Investment Banker
Average Salary: $81,143
Advises companies on raising capital and making large investments. Engages with clients for mergers and acquisitions. Works with major banks like Bank of America.
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Wealth Management Advisor
Average Salary: $73,897
Helps clients manage their wealth through investment strategies. Provides personalized financial advice. Works with firms like Edward Jones and UBS.
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Analyst
Average Salary: $73,246
Evaluates financial data and market trends. Prepares reports for clients or internal use. Engages with companies such as Deloitte and PwC.
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Risk Specialist
Average Salary: $56,310
Identifies and assesses financial risks. Develops strategies to mitigate these risks. Works with banks and financial institutions.
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Personal Banker
Average Salary: $47,450
Assists clients with their banking needs. Provides financial advice and support. Works with local banks such as Ally Financial and Synovus.
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Financial Assistant
Average Salary: $45,400
Supports financial operations through data entry and analysis. Works in coordination with financial teams. Provides vital assistance to financial managers.
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Bank Consultant
Average Salary: $43,850
Offers expertise to improve banking operations. Works with banks to enhance financial services. Engages with institutions such as Huntington National Bank and Fifth Third Bank.
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