How Much Do Financial Advisors Earn in Different States?
The average advisor earns far more in some states than others.
Not all advisors are created equal. Some make more than others depending on where they live. The results can be surprising.
The Bureau of Labor Statistics tracks salaries by state and major metro area. An internet search of “BLS salaries” and your state or city should bring up the report. The current one is May 2019.
One of the job descriptions is Personal Financial Advisor (code 13-2052). That often pays the best. It’s found in the category Business and Financial Operations Occupations.
Similar jobs are listed elsewhere, under Sales and Related Occupations.
- Securities, Commodities and Financial Services Sales Agents (code 41-3031)
- Insurance Sales Agents (code 41-3021)
Where Are Financial Advisors Paid the Most/?
You are a bottom-line kind of person. The results might surprise you.
What Personal Financial Advisors Earn, State by State
Lets focus on the first category, Personal Financial Advisors.
Here’s an unexpected outcome: If you look at what other professions in your state or city average, you will likely find personal financial advisors are close in income to lawyers and many medical professions. You might hold some of these prospects in high regard, yet you are a peer in terms of average income.
— Related on ThinkAdvisor: