The average annual and hourly salaries for personal financial advisors in the state of Rhode Island are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of personal financial advisors among Rhode Island areas is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 .
|Percentile Bracket||Average Annual Salary|
|10th Percentile Wage||$24,860|
|25th Percentile Wage||$55,430|
|50th Percentile Wage||$84,250|
|75th Percentile Wage||$142,600|
|90th Percentile Wage||No Data|
Table 1 shows the average annual salary for personal financial advisors in Rhode Island in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $142,600. The median (50th percentile) annual salary is $84,250. The average annual salary for the bottom 10 percent is $24,860.
The table and chart below show the trend of the median salary of personal financial advisors from 2012 to 2017. Note that there is no salary data for some years between 2012 and 2017.
|Year||Median Salary||Growth||5-Year Growth|
Table 3 shows the median annual salary of personal financial advisors in some Rhode Island cities and metropolitan areas. We note that the median annual salary of personal financial advisors in state of Rhode Island ranges from $81,140 to $91,300. The highest paying area for personal financial advisors in Rhode Island is Norwich-New London with a median annual salary of $91,300. The lowest paying area is Providence-Fall River-Warwick with a median annual salary of $81,140.
|Cities/Areas||Median Annual Salary|
|Norwich-New London|| |
|Providence-Fall River-Warwick|| |