Business & Finance Richmond, VA Pop. 226,610

Financial Advisor Salary in Richmond, Virginia

The median financial advisor salary in Richmond, VA is $100,160 per year, which is 5.0% above the national median and 3.7% below the Virginia state average.

City Median
$100,160
vs State Avg
$-3,815
vs National
+$4,770
Cost of Living
100%

Financial Advisor Pay in Richmond: What to Expect (2026)

Richmond offers a median financial advisor salary of $100,160, which is $3,815 below the Virginia state average of $103,975. Compared to the national median of $95,390, Richmond pays above average for this role.

Richmond's cost of living is 100% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.

The salary range for financial advisors in Richmond spans from $46,620 at the 10th percentile to $250,950 at the 90th percentile — a $204,330 spread. Entry-level professionals start around $50,400, while senior financial advisors with 8+ years of experience can earn up to $189,000. With a population of 226,610, Richmond is a mid-sized metro with a growing job market.

Financial Advisor Salary in Richmond by Experience

In Richmond, an entry-level financial advisor earns around $50,400, while experienced professionals earn up to $189,000 per year. The local cost of living index is 100% of the national average.

Entry Level (0-2 yrs)
$50,400
+$2,400 vs national
Mid Level (3-7 yrs)
$99,750
+$4,750 vs national
Senior Level (8+ yrs)
$189,000
+$9,000 vs national

Salary Percentiles in Richmond, VA

Percentile Richmond
10th Percentile $46,620
25th Percentile $65,520
Median (50th) $100,160
75th Percentile $156,450
90th Percentile $250,950

Financial Advisor Salary in Other Virginia Cities

Arlington, VA
$130,684
Pop. 238,643
Virginia Beach, VA
$102,067
Pop. 449,974
Chesapeake, VA
$98,252
Pop. 249,422
Norfolk, VA
$96,344
Pop. 238,005

How to Become a Financial Advisor in Richmond

Education

Most financial advisor positions require a bachelor's degree. Richmond and the surrounding Virginia area have institutions offering relevant programs.

Key Skills

Investment PlanningPortfolio ManagementTax PlanningClient RelationsFinancial AnalysisCFA/CFP

Job Outlook

Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Demand in Richmond may vary based on local industry and population growth.

Find Financial Advisor Jobs in Richmond

Browse open financial advisor positions in Richmond, VA:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Richmond

How much does a Financial Advisor make in Richmond, VA? ▼
The median financial advisor salary in Richmond, Virginia is $100,160 per year, which is 5.0% above the national median of $95,390. Salaries range from $46,620 (10th percentile) to $250,950 (90th percentile).
How much does a Financial Advisor make per hour in Richmond? ▼
Based on the median annual salary of $100,160, a financial advisor in Richmond earns approximately $48 per hour assuming a standard 2,080-hour work year.
How does Richmond compare to the Virginia state average for financial advisor pay? ▼
Richmond's median financial advisor salary of $100,160 is 3.7% below the Virginia state average of $103,975. The local cost of living index is 100% of the national average.
What is the cost of living in Richmond, VA? ▼
Richmond has a cost of living index of 100% compared to the national average. This means a financial advisor salary of $100,160 in Richmond has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Richmond? ▼
Most financial advisor positions in Richmond require a bachelor's degree. Key skills include Investment Planning, Portfolio Management, Tax Planning, Client Relations. The job market is projected to grow 13% nationally over the next decade.