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May 06, 2021 at 11:02 AM
Related: 12 Best Big Cities for Families to Build Wealth
A new study from SmartAsset, a financial technology company, found a wide range of salaries for financial advisors across the U.S. Nationally, they earn $122,490 on average, but the 25th and 75th percentile salaries are $59,450 and $157,020.
In the country’s biggest metro areas, the difference between the highest and lowest average financial advisor earnings is nearly $100,000.
To find the best-paying places for financial advisors, SmartAsset researchers compared the 50 biggest U.S. metro areas across four metrics, giving equal weight to each one: average financial advisor pay, two-year change in financial advisor pay, financial advisor pay relative to average pay and housing costs as a percentage of financial advisor pay.
They then found each metro area’s average ranking and used that average to determine a final score. The metro area with the best average ranking received a score of 100 and the one with the lowest average ranking a score of zero.
See the gallery for the 15 best-paying metro areas for financial advisors.
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