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Personal Financial Advisor Salary Information

The salary statistics of personal financial advisors are shown in Table 1. In the next few tables we compare the average salaries of personal financial advisors within different industry sectors and in the 50 states of the United States. The personal financial advisors annual salary statistics are from the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 [1].

Table 1. Personal Financial Advisor Salary in the United States

Percentile BracketAverage Annual Salary
10th Percentile Wage
$40,800
25th Percentile Wage
$57,380
50th Percentile Wage
$90,640
75th Percentile Wage
$162,680
90th Percentile Wage
No Data

Table 1 shows the average annual salary for personal financial advisors. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $162,680. The median annual salary (50th percentile) is $90,640. The average annual salary for the bottom 10 percent is $40,800. Take note that in the United States, the annual salary of the 75th percentile (the top 25 percent of the highest paid) is almost 298% higher than that of the bottom 10 percent.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of personal financial advisors from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$90,640
0.12% 25.51%
2016
$90,530
1.51% -
2015
$89,160
9.08% -
2014
$81,060
7.08% -
2013
$75,320
10.36% -
2012
$67,520
- -

Table 2. Personal Financial Advisor Salary by Industry Sector

The average salaries of personal financial advisors in 12 major industry sectors are shown in Table 2. We note that the salaries vary considerably within different industry sectors. The highest paying industry sector for personal financial advisors occupations is the finance and insurance sector with an annual salary $91,970. The lowest paying sector is the health care and social assistance sector (annual salary $43,410).

Industry Sector Median Annual Salary
Finance and Insurance
$91,970
Manufacturing
$91,820
Real Estate and Rental and Leasing
$85,510
Management of Companies and Enterprises
$82,330
Professional, Scientific, and Technical Services
$79,760
Other Services (except Federal, State, and Local Government)
$78,760
Administrative and Support and Waste Management and Remediation Services
$78,630
Wholesale Trade
$75,690
Federal, State, and Local Government
$66,230
Construction
$51,930
Educational Services
$43,790
Health Care and Social Assistance
$43,410

Table 3. Median Annual Wage of Personal Financial Advisors by States

From the above tables we note that not only personal financial advisors salaries vary considerably based on one's education and experience, and the industry sectors, they also change considerably from state to state. In the following table we compare the median salary of personal financial advisors in all 50 states of the United States. We note that the median annual salaries range from $33,410 to $143,510. The highest paying state for personal financial advisors is New York with a median annual salary of $143,510. The lowest paying state is Puerto Rico with a median annual salary of $33,410. For more salary information of personal financial advisors profession in a specific state, use the links in the table.

State Name Median Annual Salary
New York
$143,510
District of Columbia
$118,600
Delaware
$104,910
California
$103,490
New Jersey
$99,490
Connecticut
$98,740
Florida
$97,740
Virginia
$91,590
Maine
$89,580
Colorado
$89,110
Pennsylvania
$88,890
North Carolina
$87,960
Georgia
$87,550
Minnesota
$87,450
Indiana
$86,470
Texas
$86,130
Nevada
$85,940
Rhode Island
$84,250
Illinois
$83,730
New Mexico
$83,130
Utah
$83,040
Alabama
$82,700
Ohio
$81,380
Montana
$79,810
Wisconsin
$78,980
Maryland
$77,530
Arizona
$77,430
Michigan
$76,300
Louisiana
$75,600
Oregon
$74,330
Kansas
$74,210
New Hampshire
$73,720
Mississippi
$73,480
Washington
$72,730
South Dakota
$71,600
Wyoming
$70,850
Idaho
$68,900
Nebraska
$68,500
Hawaii
$67,170
Massachusetts
$66,720
Tennessee
$66,590
Guam
$66,270
Missouri
$66,200
Kentucky
$65,300
North Dakota
$65,280
Iowa
$65,000
Arkansas
$64,600
Alaska
$61,590
Oklahoma
$58,510
South Carolina
$58,500
Vermont
$57,430
West Virginia
$55,010
Puerto Rico
$33,410



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💰 Highest paying cities for personal financial advisors

💰 Highest paying industries for personal financial advisors.