The average salary for a personal financial advisor in the United States is $150,670, but the range typically falls between $65,320 and $169,910. This corresponds to an average hourly wage of $72.44, with a range between $31.41 and $81.69.
There are approximately 272,190 people employed as a personal financial advisor in the United States. With California, New York, Florida employing the highest number of personal financial advisors.The state with the best pay for a personal financial advisor is New York, with an average annual salary of $205,870, while Arkansas has the lowest average annual salary of $113,780.
| Annual Salary | Hourly Wage | |
|---|---|---|
| 10th Percentile | $48,730 | $23.43 |
| 25th Percentile | $65,320 | $31.41 |
| Median | $99,580 | $47.88 |
| 75th Percentile | $169,910 | $81.69 |
| 90th Percentile | >$239,200 | >$115.00 |
The salary of a personal financial advisor can vary depending on the state. Below is a map of the United States showing the average annual salary for a personal financial advisor in each state. The darker the color, the higher the salary. The best states for personal financial advisors are New York, New Jersey, Connecticut, Louisiana, Delaware while the worst states are Arkansas, Oregon, Utah, Michigan, Nebraska.
| State | Low-end | Average | High-end |
|---|---|---|---|
| Alaska | $40,490 | $226,650 | >$239,200 |
| Arizona | $44,860 | $106,190 | $166,730 |
| Arkansas | $33,270 | $113,780 | >$239,200 |
| California | $60,500 | $143,240 | >$239,200 |
| Colorado | $54,500 | $122,520 | $221,300 |
| Connecticut | $59,800 | $166,050 | >$239,200 |
| Delaware | $53,760 | $126,460 | $210,890 |
| District of Columbia | $62,660 | $125,720 | $210,150 |
| Florida | $37,610 | $150,550 | >$239,200 |
| Georgia | $47,990 | $138,820 | >$239,200 |
| Hawaii | $49,860 | $113,860 | $221,870 |
| Idaho | $45,550 | $108,040 | $170,640 |
| Illinois | $48,390 | $154,320 | >$239,200 |
| Indiana | $45,760 | $155,480 | >$239,200 |
| Iowa | $47,130 | $116,260 | $216,880 |
| Kansas | $49,760 | $157,570 | >$239,200 |
| Kentucky | $38,620 | $133,470 | >$239,200 |
| Louisiana | $48,900 | $184,950 | >$239,200 |
| Maryland | $59,640 | $160,320 | >$239,200 |
| Massachusetts | $63,050 | $156,730 | >$239,200 |
| Michigan | $45,300 | $127,730 | >$239,200 |
| Minnesota | $41,970 | $155,360 | >$239,200 |
| Missouri | $50,010 | $136,690 | $226,910 |
| Montana | $41,160 | $113,640 | >$239,200 |
| Nebraska | $36,830 | $126,990 | >$239,200 |
| New Hampshire | $50,100 | $100,820 | $157,550 |
| New Jersey | $65,400 | $178,300 | >$239,200 |
| New Mexico | $54,350 | $148,440 | >$239,200 |
| New York | $65,310 | $205,870 | >$239,200 |
| North Carolina | $49,270 | $137,240 | >$239,200 |
| North Dakota | $46,420 | $116,890 | >$239,200 |
| Ohio | $46,400 | $121,310 | $213,840 |
| Oklahoma | $40,200 | $161,110 | >$239,200 |
| Oregon | $40,040 | $98,120 | $169,450 |
| Pennsylvania | $59,470 | $174,890 | >$239,200 |
| Rhode Island | $52,240 | $116,900 | $210,600 |
| South Carolina | $45,780 | $118,790 | $235,140 |
| South Dakota | $70,010 | $123,970 | $209,930 |
| Tennessee | $40,050 | $121,120 | $221,370 |
| Texas | $45,020 | $118,390 | $221,340 |
| Utah | $39,120 | $99,350 | $214,450 |
| Vermont | $65,160 | $136,070 | $227,070 |
| Virginia | $55,040 | $153,900 | >$239,200 |
| Washington | $60,190 | $153,320 | >$239,200 |
| West Virginia | $35,490 | $152,330 | >$239,200 |
| Wisconsin | $50,370 | $140,940 | >$239,200 |
Even between cities, the salary of a personal financial advisor can vary. For example, the areas with the highest average salary for personal financial advisors is Anchorage, AK with an average salary of $284,020.The city with the lowest average salary for personal financial advisors is East Arkansas nonmetropolitan area, AR with an average salary of $55,200.
Areas with highest average salaries for personal financial advisors
Areas with lowest average salaries for personal financial advisors
The number of personal financial advisors in the United States has been increasing over the years. Since 2020, the number of personal financial advisors has increased by 54,140. On average, the number of personal financial advisors has been increasing by 6.2% each year. The salary of personal financial advisors has been increasing. Since 2020, the salary of personal financial advisors has increased by $28,180. On average, the salary of personal financial advisors has been increasing by 5.8% each year.
Personal Financial Advisors are part of the business and financial operations occupations group. Below is a comparison of the average annual salary for personal financial advisors compared to other jobs in the same occupation group. View all business and financial operations occupations jobs here.
$112,950 per year
$115,530 per year
$118,950 per year
$98,140 per year
$94,750 per year
$90,880 per year
