Financial Advisor Salary
Financial advisors help individuals and organizations manage their finances by providing investment advice, retirement planning, and strategies for wealth accumulation.
Financial Advisor Salary by Experience Level
Entry-level financial advisors earn around $48,000 per year, while mid-career professionals earn $95,000. Senior-level financial advisors can earn $180,000 or more.
Salary Percentile Breakdown
The salary range for financial advisors varies significantly. The bottom 10% earn $44,400, while the top 10% earn $239,000.
| Percentile | Annual Salary |
|---|---|
| 10th Percentile | $44,400 |
| 25th Percentile | $62,400 |
| 50th Percentile (Median) | $95,390 |
| 75th Percentile | $149,000 |
| 90th Percentile | $239,000 |
Financial Advisor Salary by State
Financial Advisor salaries vary significantly by state due to cost of living, demand, and industry concentration. The highest paying state is Hawaii at $162,163, while Mississippi offers the lowest at $79,174.
| State | Median | |
|---|---|---|
| #1 Hawaii | $162,163 | Details → |
| #2 Massachusetts | $135,454 | Details → |
| #3 California | $131,638 | Details → |
| #4 New York | $127,823 | Details → |
| #5 Alaska | $118,284 | Details → |
| #6 New Jersey | $117,330 | Details → |
| #7 Connecticut | $114,468 | Details → |
| #8 Maryland | $109,699 | Details → |
| #9 Washington | $109,698 | Details → |
| #10 Oregon | $104,929 | Details → |
| #11 Virginia | $103,975 | Details → |
| #12 New Hampshire | $102,067 | Details → |
| #13 Rhode Island | $102,067 | Details → |
| #14 Delaware | $101,113 | Details → |
| #15 Colorado | $100,160 | Details → |
| #16 Illinois | $96,344 | Details → |
| #17 Vermont | $96,344 | Details → |
| #18 Pennsylvania | $95,390 | Details → |
| #19 Minnesota | $94,436 | Details → |
| #20 Florida | $93,482 | Details → |
| #21 Maine | $93,482 | Details → |
| #22 Arizona | $92,528 | Details → |
| #23 Nevada | $92,528 | Details → |
| #24 Utah | $92,528 | Details → |
| #25 Georgia | $90,621 | Details → |
| #26 Montana | $90,621 | Details → |
| #27 North Carolina | $90,621 | Details → |
| #28 Idaho | $89,667 | Details → |
| #29 New Mexico | $88,713 | Details → |
| #30 Nebraska | $87,759 | Details → |
| #31 Texas | $87,759 | Details → |
| #32 Wisconsin | $87,759 | Details → |
| #33 Wyoming | $87,759 | Details → |
| #34 Louisiana | $86,805 | Details → |
| #35 Indiana | $85,851 | Details → |
| #36 Michigan | $85,851 | Details → |
| #37 North Dakota | $85,851 | Details → |
| #38 Ohio | $85,851 | Details → |
| #39 Iowa | $84,897 | Details → |
| #40 South Carolina | $84,897 | Details → |
| #41 Tennessee | $84,897 | Details → |
| #42 Missouri | $83,943 | Details → |
| #43 South Dakota | $83,943 | Details → |
| #44 Alabama | $82,989 | Details → |
| #45 Kansas | $82,989 | Details → |
| #46 Kentucky | $82,989 | Details → |
| #47 Oklahoma | $82,035 | Details → |
| #48 Arkansas | $80,128 | Details → |
| #49 West Virginia | $80,128 | Details → |
| #50 Mississippi | $79,174 | Details → |
Key Responsibilities
- ● Assess clients' financial situations and goals
- ● Develop comprehensive financial and investment plans
- ● Recommend investment products and portfolio strategies
- ● Monitor and rebalance client investment portfolios
- ● Advise on retirement, estate, and tax planning
Top Skills
Education Required
Bachelor's degree
Job Outlook
Much faster than average — projected 13% growth over the next decade