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How much does a Financial Advisor make?

The average salary for a Financial Advisor is $99,529 per year in the US.

A Financial Advisor helps people manage their money. This job can be very rewarding. Financial Advisors earn a good salary. The average yearly salary for a Financial Advisor is about $99,529. This can change based on experience and location. Many Financial Advisors also earn extra money from bonuses and commissions.

The salary for Financial Advisors can vary greatly. Some start out with a salary as low as $39,000. This is usually for those just starting out in the field. Others with more experience can earn over $185,000 per year. Here are some more examples of what you might earn at different points in your career:

  • 10th percentile: $39,000
  • 25th percentile: $52,273
  • 50th percentile: $65,545
  • 75th percentile: $92,091
  • 90th percentile: $145,182
  • 95th percentile: $158,455

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What are the highest paying cities for a Financial Advisor?

Financial advisors can earn top salaries in several U.S. cities. New Haven, CT, offers the highest average salary at over $155,000. Other cities like Killeen, TX, and Springfield, MA, also provide attractive compensation packages. Seeking a financial advisor role in these cities can lead to lucrative opportunities.
Graph displaying highest paying cities salaries for Financial Advisor jobs, highlighting New Haven, CT with the highest at $155,421 and Miami, FL with the lowest at $115,873.
  1. New Haven, CT
    Average Salary: $155,421
    In New Haven, financial professionals enjoy a vibrant city atmosphere. The presence of institutions like Yale University fosters a strong network for financial growth. Diverse opportunities exist in wealth management and investment services.
    Find Financial Advisor jobs in New Haven, CT


  2. Killeen, TX
    Average Salary: $139,077
    Killeen offers a solid career path in finance. The military presence provides stability and growth potential. Companies like USAA and other financial firms offer excellent opportunities for those in the industry.
    Find Financial Advisor jobs in Killeen, TX


  3. Springfield, MA
    Average Salary: $124,042
    Springfield features a dynamic job market for finance experts. The city's institutions, including MassMutual, provide a solid foundation for career development. Financial advisors benefit from a mix of corporate and personal finance opportunities.
    Find Financial Advisor jobs in Springfield, MA


  4. Sioux Falls, SD
    Average Salary: $122,814
    Sioux Falls provides a growing market for financial advisors. The area's stable economy and presence of major firms like Great Western Bank create a supportive environment. Advisors here find opportunities in both banking and private wealth management.
    Find Financial Advisor jobs in Sioux Falls, SD


  5. Worcester, MA
    Average Salary: $119,349
    Worcester offers a vibrant setting for finance professionals. The city’s educational institutions provide a strong base for networking. Financial advisors often find roles in banking, insurance, and private wealth management firms.
    Find Financial Advisor jobs in Worcester, MA


  6. Hartford, CT
    Average Salary: $118,827
    Hartford, often called the Insurance Capital of the World, is a prime location for financial advisors. Companies like The Hartford and Aetna offer robust career options. Advisors can leverage the city’s strong financial services sector.
    Find Financial Advisor jobs in Hartford, CT


  7. Wilmington, NC
    Average Salary: $118,812
    Wilmington boasts a growing finance sector with many opportunities. The presence of companies like Bank of America and other local financial institutions provides diverse career paths. Financial advisors here enjoy a mix of urban and community-focused roles.
    Find Financial Advisor jobs in Wilmington, NC


  8. Lincoln, NE
    Average Salary: $118,549
    Lincoln offers a stable and growing environment for financial professionals. The presence of major financial firms and a supportive business community create a favorable job market. Opportunities span from banking to private wealth management.
    Find Financial Advisor jobs in Lincoln, NE


  9. Evansville, IN
    Average Salary: $117,364
    Evansville provides a solid job market for financial advisors. The area’s economic stability and presence of firms like Old National Bank create a supportive environment. Advisors often find roles in banking, insurance, and investment services.
    Find Financial Advisor jobs in Evansville, IN


  10. Miami, FL
    Average Salary: $115,873
    Miami offers a dynamic and diverse job market for financial experts. The city’s status as a global financial hub attracts top companies and offers opportunities in wealth management, investment banking, and private equity.
    Find Financial Advisor jobs in Miami, FL

What are the best companies a Financial Advisor can work for?

Job seekers looking to land a high-paying role as a financial advisor should consider Medtronic, LeoForce, and CSAA Insurance Group. These companies offer some of the top average salaries for financial advisors, with Medtronic leading at $167,923. Both LeoForce and CSAA Insurance Group also provide competitive pay, with figures around $150,000 or more. Northwestern Mutual, Lenox Advisors, and SAVANT follow closely, all offering salaries over $130,000.
Graph displaying best paying company salaries for Financial Advisor jobs, highlighting Medtronic with the highest at $167,923 and Guidehouse with the lowest at $119,833.
  1. Medtronic
    Average Salary: $167,923
    Medtronic offers exciting opportunities for Financial Advisors. They work in major cities like Minneapolis, where the company is headquartered, as well as in other key locations across the United States. Medtronic provides competitive benefits and a chance to grow.


  2. LeoForce
    Average Salary: $154,412
    LeoForce, with offices in several locations, provides diverse roles for Financial Advisors. Working here, you can expect to be in major financial hubs such as New York, Chicago, and Los Angeles. The company supports professional development and offers a collaborative work environment.


  3. CSAA Insurance Group
    Average Salary: $150,746
    CSAA Insurance Group is a leading provider of financial services. Financial Advisors work in cities like Sacramento, Denver, and Salt Lake City. The company focuses on customer service and offers excellent training and career growth opportunities.


  4. One Pacific Financial Strategies
    Average Salary: $150,000
    One Pacific Financial Strategies provides high-paying roles for Financial Advisors. They operate in key financial centers such as San Francisco, Los Angeles, and Seattle. The company emphasizes innovation and offers a supportive team environment.


  5. Northwestern Mutual
    Average Salary: $144,120
    Northwestern Mutual, with offices in major cities like Milwaukee and New York, offers competitive salaries for Financial Advisors. The company emphasizes client-focused service and offers extensive training and career advancement opportunities.


  6. Lenox Advisors
    Average Salary: $132,708
    Lenox Advisors provides roles for Financial Advisors in prominent financial hubs such as Boston and Washington, D.C. The company values professional growth and offers a dynamic work environment with strong support systems.


  7. SAVANT
    Average Salary: $131,154
    SAVANT offers various opportunities for Financial Advisors in cities like New York and San Francisco. The company focuses on technology and innovation, providing a modern workplace with a strong emphasis on client satisfaction.


  8. Wealth Enhancement Group
    Average Salary: $131,114
    Wealth Enhancement Group operates in cities such as Chicago and Miami, offering solid roles for Financial Advisors. The company provides comprehensive training and a supportive team environment, focusing on client success.


  9. Accenture
    Average Salary: $127,669
    Accenture provides diverse roles for Financial Advisors in major financial centers like New York and San Francisco. The company emphasizes technology and innovation, offering extensive career development opportunities.


  10. Guidehouse
    Average Salary: $119,833
    Guidehouse offers various opportunities for Financial Advisors in cities such as Washington, D.C., and Los Angeles. The company provides a supportive work environment with a strong focus on client service and professional growth.

How to earn more as a Financial Advisor?

Becoming a successful Financial Advisor means not only providing excellent service but also earning a competitive income. Job seekers in this field should focus on key areas to enhance their earnings. Understanding these factors can pave the way to a more prosperous career. One such factor is developing a strong client base. Building trust with clients can lead to long-term relationships and referrals, both of which can significantly increase income.

Another important factor is enhancing professional skills. Continuous education and obtaining certifications can make a Financial Advisor more knowledgeable and attractive to clients. This expertise can lead to higher fees and more complex financial planning tasks, which often come with higher compensation. Specialization in areas like retirement planning, tax strategies, or estate planning can also set an advisor apart from the competition. Networking within the industry and joining professional organizations can provide additional opportunities for growth. Finally, leveraging technology and digital tools can streamline operations and open up new avenues for generating revenue, such as offering online courses or webinars.

To boost earnings, Financial Advisors should focus on these key areas:

  • Developing a strong client base
  • Enhancing professional skills and certifications
  • Specializing in high-demand areas
  • Networking and joining professional organizations
  • Leveraging technology and digital tools

Currently 2,084 Financial Advisor job openings, nationwide.

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

Learn what a Financial Advisor does, how to become one, and understand the job outlook. Get simple steps to start your career as a Financial Advisor today.
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Financial Advisor
2,084 Job Openings