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How much does a Wealth Management Advisor make?

The average salary for a Wealth Management Advisor is $107,120 per year in the US.

Wealth Management Advisors play a crucial role in helping people manage their finances. Those in this career can expect to earn a solid income. The average yearly salary for a Wealth Management Advisor is around $107,120. This figure reflects a range of earnings based on experience and skill level.

Different levels of experience bring different pay scales. For instance, advisors just starting out might earn around $47,520 a year. As advisors gain more experience, their earnings can rise significantly. The top earners in this field can make over $200,000 annually. This progression highlights the potential for growth and higher earnings over time. The path to higher income involves continuous learning and professional development.

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What are the highest paying cities for a Wealth Management Advisor?

Wealth Management Advisors can find excellent job opportunities in several high-paying cities. Tampa, Florida, tops the list with an average salary of $168,536. Job seekers might also find attractive salaries in Jacksonville, Florida, and Houston, Texas, with average salaries of $153,763 and $150,150, respectively. Other notable cities include Cleveland, Ohio, and Charlotte, North Carolina, where Wealth Management Advisors can earn around $148,121 and $147,777, respectively. These cities provide diverse opportunities for those looking to advance in the financial industry.
Graph displaying highest paying cities salaries for Wealth Management Advisor jobs, highlighting Tampa, FL with the highest at $168,536 and Dallas, TX with the lowest at $142,775.
  1. Tampa, FL
    Average Salary: $168,536
    In Tampa, financial advisors work in a vibrant market, offering wealth management services to a diverse clientele. Companies like JPMorgan Chase and Raymond James attract experienced professionals. The warm climate and growing economy make it an attractive place to build a career in wealth management.
    Find Wealth Management Advisor jobs in Tampa, FL


  2. Jacksonville, FL
    Average Salary: $153,763
    Jacksonville's financial sector provides numerous opportunities for wealth management advisors. With firms such as Fidelity Investments and Merrill Lynch, advisors can leverage strong networks. The city's expanding business environment supports professional growth in wealth management.
    Find Wealth Management Advisor jobs in Jacksonville, FL


  3. Houston, TX
    Average Salary: $150,150
    Houston's dynamic economy makes it a great place for wealth management professionals. Major companies like Goldman Sachs and Wells Fargo offer solid career paths. The city's diverse industries create a rich environment for financial advisors to thrive.
    Find Wealth Management Advisor jobs in Houston, TX


  4. Cleveland, OH
    Average Salary: $148,121
    In Cleveland, wealth management advisors find a robust market with firms like PNC and KeyBank. The city's commitment to economic development offers ample opportunities. Cleveland’s unique blend of business and community appeal draws professionals aiming for a rewarding career.
    Find Wealth Management Advisor jobs in Cleveland, OH


  5. Charlotte, NC
    Average Salary: $147,777
    Charlotte boasts a thriving financial sector, making it ideal for wealth management advisors. Banks such as Bank of America and Truist offer excellent career prospects. The city's strategic location and growing economy support a dynamic work environment.
    Find Wealth Management Advisor jobs in Charlotte, NC


  6. Chattanooga, TN
    Average Salary: $147,263
    Chattanooga offers a supportive environment for financial advisors with companies like SunTrust and BB&T. The city's blend of urban and small-town charm creates a welcoming atmosphere. Advisors here benefit from a growing market and a lower cost of living.
    Find Wealth Management Advisor jobs in Chattanooga, TN


  7. Minneapolis, MN
    Average Salary: $146,439
    Minneapolis provides a strong foundation for wealth management advisors, with firms like U.S. Bank and Ameriprise Financial. The city’s emphasis on education and innovation fosters professional growth. A vibrant community and a healthy work-life balance attract many to this city.
    Find Wealth Management Advisor jobs in Minneapolis, MN


  8. Boston, MA
    Average Salary: $146,380
    Boston's historic and prestigious financial scene offers many opportunities for wealth management advisors. Companies such as Fidelity and State Street Corporation attract top talent. The city's rich culture and numerous professional networks make it a premier location for finance careers.
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  9. Omaha, NE
    Average Salary: $143,121
    Omaha’s growing economy provides solid opportunities for wealth management advisors. With financial institutions like Berkshire Hathaway and Wells Fargo, the city supports a thriving financial sector. The community-focused environment offers a great balance for professionals.
    Find Wealth Management Advisor jobs in Omaha, NE


  10. Dallas, TX
    Average Salary: $142,775
    Dallas offers a thriving market for wealth management advisors with firms like Goldman Sachs and JP Morgan. The city's robust economy and strong business networks provide ample growth opportunities. Dallas's vibrant culture and competitive salary packages make it an attractive career choice.
    Find Wealth Management Advisor jobs in Dallas, TX

What are the best companies a Wealth Management Advisor can work for?

Look for Wealth Management Advisor jobs at Goodwin Recruiting, Aprio, or Northern Trust Corp. These companies offer some of the highest salaries in the industry, making them excellent choices for ambitious professionals. Charles Schwab and Truist also provide competitive compensation packages, ensuring that job seekers can enjoy both job satisfaction and financial security.
Graph displaying best paying company salaries for Wealth Management Advisor jobs, highlighting Goodwin Recruiting with the highest at $275,455 and KeyBank with the lowest at $129,036.
  1. Goodwin Recruiting
    Average Salary: $275,455
    Goodwin Recruiting places top talent in Wealth Management Advisor roles. They work with companies in major cities across the U.S. These positions often involve managing client portfolios and providing financial advice.


  2. Aprio
    Average Salary: $200,000
    Aprio specializes in financial services for high-net-worth individuals. They operate in several key locations, including New York, California, and Texas. Wealth Management Advisors here help clients with investment strategies.


  3. Northern Trust Corp.
    Average Salary: $193,131
    Northern Trust Corp. provides wealth management services for affluent clients. They have offices in Chicago, Boston, and Los Angeles. Their Wealth Management Advisors focus on personalized financial planning.


  4. First Western
    Average Salary: $174,383
    First Western offers wealth management services in locations such as San Francisco and Miami. Their Wealth Management Advisors help clients build and manage their financial futures.


  5. Truist
    Average Salary: $158,396
    Truist is a large financial institution with offices in Atlanta, Charlotte, and New York. Wealth Management Advisors here provide comprehensive financial solutions for clients.


  6. Cerity Partners
    Average Salary: $155,292
    Cerity Partners focuses on independent wealth management. They operate in Boston and San Francisco. Wealth Management Advisors assist clients with investment and retirement planning.


  7. Charles Schwab
    Average Salary: $146,836
    Charles Schwab is a well-known brokerage firm. They have offices in Dallas and Phoenix. Wealth Management Advisors help clients with stock trading and portfolio management.


  8. Goldman Sachs
    Average Salary: $131,388
    Goldman Sachs offers wealth management services in New York and San Francisco. Wealth Management Advisors work on financial planning and investment strategies for high-income clients.


  9. Regions Financial
    Average Salary: $129,979
    Regions Financial operates in the Southeast U.S. Wealth Management Advisors provide services in cities like Birmingham and Atlanta, focusing on client portfolio management.


  10. KeyBank
    Average Salary: $129,036
    KeyBank offers wealth management services in locations such as Cleveland and Seattle. Wealth Management Advisors help clients with financial planning and investment advice.

How to earn more as a Wealth Management Advisor?

Becoming a successful Wealth Management Advisor means working hard and making smart choices. This profession offers many ways to increase earnings. Here are five key factors to consider:

  • Experience: Gaining more experience helps build trust with clients. Experienced advisors often attract high-net-worth individuals, leading to higher commissions and fees.
  • Certifications: Holding recognized certifications, such as Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA), can open doors to higher-paying opportunities. These credentials show a deep understanding of financial planning.
  • Networking: Building a strong professional network can lead to referrals and more clients. Attending industry events and joining professional organizations can provide valuable connections.
  • Performance: Consistently delivering excellent results for clients can lead to larger bonuses and promotions. Staying informed about market trends and investment strategies can enhance performance.
  • Specialization: Focusing on a niche, such as estate planning or retirement strategies, can make an advisor more valuable. Specializing attracts clients looking for specific expertise, often leading to higher compensation.

By focusing on these factors, Wealth Management Advisors can improve their earning potential and build a successful career.

Currently 571 Wealth Management Advisor job openings, nationwide.

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

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