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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 2016 and published in April 2017 [1].

Table 1. Personal Financial Advisor Salary in the United States

Percentile BracketAverage Annual Salary
10th Percentile Wage
$41,160
25th Percentile Wage
$57,460
50th Percentile Wage
$90,530
75th Percentile Wage
$160,490
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 $160,490. The median annual salary (50th percentile) is $90,530. The average annual salary for the bottom 10 percent is $41,160. We note that in the United States, the annual salary of the 75th percentile (the top 25 percent of the highest paid) is almost 289% higher than that of the bottom 10 percent.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of personal financial advisors from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201690,5301.51%25.42%
201589,1609.08%-
201481,0607.08%-
201375,32010.36%-
201267,520--

Table 2. Personal Financial Advisor Salary by Industry Sector

The average salaries of personal financial advisors in 9 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 $91,430. The lowest paying sector is the health care and social assistance sector (annual salary $45,230).

Industry Sector Median Annual Salary
Finance and Insurance
$91,430
Professional, Scientific, and Technical Services
$87,920
Real Estate and Rental and Leasing
$85,510
Management of Companies and Enterprises
$85,260
Other Services (except Federal, State, and Local Government)
$80,760
Wholesale Trade
$77,400
Educational Services
$52,380
Federal, State, and Local Government
$48,380
Health Care and Social Assistance
$45,230

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 $36,620 to $132,240. The highest paying state for personal financial advisors is New York with a median annual salary of $132,240. The lowest paying state is Puerto Rico with a median annual salary of $36,620. 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
$132,240
Maine
$114,300
District of Columbia
$113,600
Delaware
$107,650
Connecticut
$103,080
California
$102,640
Nevada
$102,020
New Jersey
$101,830
New Hampshire
$100,570
Florida
$99,460
New Mexico
$95,140
Georgia
$91,610
Minnesota
$88,560
Pennsylvania
$88,220
Virginia
$87,280
Montana
$87,030
Texas
$86,960
Colorado
$86,290
Alabama
$86,160
Ohio
$85,220
North Carolina
$82,090
Illinois
$81,830
Alaska
$81,740
Washington
$80,010
Oregon
$79,930
Indiana
$78,820
Maryland
$78,820
Kansas
$78,110
Louisiana
$76,950
Arizona
$76,890
Mississippi
$76,030
Wisconsin
$75,000
Arkansas
$73,340
Nebraska
$73,130
Wyoming
$72,620
South Dakota
$72,020
Tennessee
$70,780
Michigan
$70,370
Massachusetts
$69,490
Hawaii
$69,430
Idaho
$68,830
Utah
$68,100
Kentucky
$66,440
South Carolina
$64,530
Iowa
$63,540
Oklahoma
$61,810
Vermont
$55,020
West Virginia
$50,970
Puerto Rico
$36,620


Related:

Highest paying states for personal financial advisors

Highest paying cities for personal financial advisors

Highest paying industries for personal financial advisors.