How much does a Wealth Management Advisor make?
A Wealth Management Advisor helps people manage their money and investments. This job can be very rewarding. The average yearly salary for a Wealth Management Advisor is $103,394. This means that most advisors earn between $47,520 and $194,138 each year. The salary can vary depending on experience and location.
Many factors can affect how much a Wealth Management Advisor earns. These include the size of the company, the number of clients, and the advisor's level of experience. Advisors who work for large firms or have many clients can earn more. Those who have been in the field for many years also tend to earn higher salaries. The location of the job can also make a difference. Advisors in big cities or areas with a high cost of living often earn more.
What are the highest paying cities for a Wealth Management Advisor?

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Jacksonville, FL
Average Salary: $162,295
In Jacksonville, financial advisors thrive in a growing market. Companies like Fidelity and Edward Jones offer strong support. The city's diverse economy provides many opportunities for wealth management.
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Chattanooga, TN
Average Salary: $151,202
Chattanooga offers a vibrant community for financial advisors. Local firms like Morgan Stanley and Wells Fargo provide excellent resources. The city's strong economy makes it a great place to build a career.
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Omaha, NE
Average Salary: $146,143
Omaha is a hub for financial services, with companies like Berkshire Hathaway and Wells Fargo. Advisors here benefit from a supportive business environment. The city's economic stability makes it ideal for wealth management.
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Minneapolis, MN
Average Salary: $145,667
Minneapolis is known for its strong financial sector. Firms like U.S. Bank and Ameriprise Financial offer great opportunities. The city's diverse economy supports a thriving wealth management industry.
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Washington, DC
Average Salary: $143,355
In Washington, DC, financial advisors work in a dynamic environment. Major firms like BlackRock and Fidelity are prominent. The city's political and economic influence provides unique opportunities for growth.
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Austin, TX
Average Salary: $141,266
Austin offers a vibrant market for wealth management. Companies like Capital One and Charles Schwab are well-established. The city's fast-growing economy provides many opportunities for advisors.
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Charlotte, NC
Average Salary: $141,233
Charlotte is a key financial center, home to firms like Bank of America and Wells Fargo. Advisors here enjoy a strong support network. The city's diverse economy supports a thriving wealth management industry.
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Wichita, KS
Average Salary: $140,615
Wichita offers a supportive environment for financial advisors. Local firms like Fidelity and Edward Jones provide excellent resources. The city's strong economy makes it a great place to build a career.
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Dallas, TX
Average Salary: $140,065
Dallas is a thriving market for wealth management. Companies like JPMorgan Chase and Fidelity are prominent. The city's diverse economy provides many opportunities for growth.
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Boston, MA
Average Salary: $139,283
Boston is a hub for financial services, with firms like Fidelity and State Street Corporation. Advisors here benefit from a strong business environment. The city's rich history and economic stability make it ideal for wealth management.
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What are the best companies a Wealth Management Advisor can work for?

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Goodwin Recruiting
Average Salary: $266,053
Goodwin Recruiting offers top-tier Wealth Management Advisor positions. They work with clients across the United States, providing excellent benefits and growth opportunities. Their advisors help clients manage their wealth and achieve their financial goals.
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M&T Bank
Average Salary: $190,092
M&T Bank provides rewarding Wealth Management Advisor roles. They operate in several states, including New York, Pennsylvania, and Maryland. Their advisors work with clients to create personalized financial plans and investment strategies.
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Northern Trust Corp.
Average Salary: $182,994
Northern Trust Corp. offers competitive Wealth Management Advisor positions. They serve clients in multiple locations, including Chicago, Illinois, and Las Vegas, Nevada. Their advisors focus on delivering tailored financial solutions to meet client needs.
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Mercer Advisors
Average Salary: $167,500
Mercer Advisors provides Wealth Management Advisor jobs with a strong salary. They operate in various locations, including Washington, D.C., and Boston, Massachusetts. Their advisors work closely with clients to manage their wealth and plan for the future.
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Truist
Average Salary: $163,091
Truist offers Wealth Management Advisor roles with a good salary. They serve clients in several states, including North Carolina and Florida. Their advisors help clients with investment planning and wealth management services.
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gpac
Average Salary: $156,786
gpac provides Wealth Management Advisor positions with a solid salary. They work with clients in multiple locations, including Texas and California. Their advisors assist clients in managing their wealth and achieving their financial goals.
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Fifth Third Bank
Average Salary: $141,500
Fifth Third Bank offers Wealth Management Advisor jobs with a competitive salary. They operate in several states, including Ohio and Michigan. Their advisors help clients with investment planning and wealth management services.
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Charles Schwab
Average Salary: $139,033
Charles Schwab provides Wealth Management Advisor roles with a good salary. They serve clients in various locations, including California and Texas. Their advisors focus on delivering personalized financial advice and investment strategies.
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BMO US
Average Salary: $138,700
BMO US offers Wealth Management Advisor positions with a solid salary. They operate in several states, including Illinois and Florida. Their advisors work with clients to create personalized financial plans and manage their wealth.
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Huntington Bank
Average Salary: $129,165
Huntington Bank provides Wealth Management Advisor jobs with a good salary. They serve clients in multiple locations, including Ohio and West Virginia. Their advisors help clients with investment planning and wealth management services.
How to earn more as a Wealth Management Advisor?
Becoming a successful Wealth Management Advisor involves more than just managing finances. It requires a blend of skills, dedication, and strategic planning to maximize earnings. Advisors who excel in this field often focus on several key factors that can significantly boost their income. By understanding and implementing these factors, advisors can position themselves for greater financial success.
First and foremost, building a strong client base is crucial. Advisors who invest time in developing relationships with clients tend to earn more. This involves understanding client needs, providing personalized advice, and consistently delivering value. A loyal client base not only brings in more business but also leads to referrals, which can be a significant source of income. Additionally, offering a range of services such as retirement planning, tax strategies, and estate planning can attract a wider clientele and increase revenue.
Another important factor is continuous education and professional development. Wealth Management is a dynamic field with ever-evolving regulations and market trends. Advisors who stay updated with the latest knowledge and skills can offer more informed and effective advice. Certifications, workshops, and seminars can provide valuable insights and enhance an advisor's credibility. This ongoing learning process not only improves service quality but also opens up opportunities for higher-paying positions.
- Build a strong client base
- Continuous education and professional development
- Leverage technology and digital tools
- Network and collaborate with other professionals
- Focus on high-net-worth individuals



