How much does a wealth management advisor make?

The average wealth management advisor salary in the United States is $91,605. Wealth management advisor salaries typically range between $49,000 and $168,000 yearly. The average hourly rate for wealth management advisors is $44.04 per hour. Wealth management advisor salary is impacted by location, education, and experience. Wealth management advisors earn the highest average salary in Massachusetts.

Wealth management advisor salary

Q: What state pays Wealth Management Advisors the most?

Massachusetts pays Wealth Management Advisors the most in the United States, with an average salary of $123,591 per year, or $59.42 per hour.

Q: How do I know if I'm being paid fairly as a wealth management advisor?

You know if you are being paid fairly as a wealth management advisor if your pay is close to the average pay for the state you live in. For example, if you live in New York you should be paid close to $123,242 per year.

Q: Does wealth management pay well?

Yes, wealth management pays well. Those starting in wealth management may see their median salary sitting at $82,300 per year in the United States. Those just starting can be expected to receive approximately $52,500 just starting, while those in the upper 10% may see salaries of $111,200 per year.

Q: How much can a wealth management advisor make?

A wealth management advisor can make upwards of $111,200 per year. Some salaries may see elevations of $300,000 or more per year with proven experience. Experience, industry, and company play major roles in the salary earned by a wealth management advisor. Those working in companies like Merrill Lynch may make substantially more than those working for a smaller company or a company just starting up.

Q: How much does a wealth management advisor at Merrill Lynch make?

A wealth management advisor at Merill Lynch makes between $88,000 and $97,000 on average. Salaries are often based on a proven track record, portfolio, and experience. Since Merrill Lynch is one of the premier wealth management companies within the United States, its requirements and compensation may exceed industry standards.

Quoted expert

Margaret Franklin

Average wealth management advisor salary

$91,605

$44.04 hourly rate

Entry-level wealth management advisor salary

$49,000 yearly salary

Updated December 15, 2025

Understanding the Wealth Management Advisor Salary

A Wealth Management Advisor plays a crucial role in helping clients manage their investments and financial goals. As of October 2025, the average salary for this position stands at $91,605 per year, with variations depending on factors such as experience, location, and employer.

Experience Level: Entry-level advisors typically start with lower salaries, while those with several years of experience can earn significantly more. For instance, advisors with over ten years in the field often earn upwards of $120,000 annually.

Regional Variations: Salaries also differ by state. Advisors in states like California and New York tend to earn higher wages due to the cost of living and demand for skilled financial services. In contrast, states with lower living costs may offer less competitive salaries.

Job Opportunities: Career pathways in wealth management are diverse, with opportunities ranging from personal financial advisors to portfolio managers. High-demand sectors often provide additional benefits and higher salaries. As the financial landscape continues to evolve, the need for skilled wealth management advisors remains strong.

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Wealth management advisor salary by:

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Where can a Wealth Management Advisor earn more?

Compare salary by location

144k

124k

104k

84k

64k

44k

Columbus, OH$125,940

Reno, NV$73,822

Compare salary by company

181k

161k

141k

121k

101k

81k

Capital Group$167,099

Neuberger Berman$111,213

Wealth management advisor salaries by experience level

Wealth management advisor salary estimates from across the web

Based on the latest salary information compiled by Zippia, Glassdoor and Comparably, the average salary for a wealth management advisor typically falls between $91,605 and $169,114.

zippia

$91,605yearly

glassdoor[1]

$169,114yearly

comparably[2]

$136,688yearly

Average wealth management advisor salary by state

The highest-paying states for wealth management advisors are Massachusetts, New York, and Rhode Island. The lowest average wealth management advisor salary states are Arkansas, Wyoming, and Mississippi.

State view
County view

Average salary:

Highest paying states for wealth management advisors

Rank	State	Avg. salary	Hourly rate
1	New York	$123,242	$59.25
2	Rhode Island	$111,392	$53.55
3	Connecticut	$103,069	$49.55
4	Virginia	$101,253	$48.68
5	Massachusetts	$123,591	$59.42
6	Delaware	$95,934	$46.12
7	New Jersey	$110,003	$52.89
8	North Dakota	$92,824	$44.63
9	District of Columbia	$102,106	$49.09
10	Maine	$111,147	$53.44
11	Illinois	$92,336	$44.39
12	California	$96,443	$46.37
13	Washington	$93,225	$44.82
14	Oregon	$92,351	$44.40
15	Pennsylvania	$92,103	$44.28
16	West Virginia	$98,565	$47.39
17	Michigan	$89,754	$43.15
18	Ohio	$88,348	$42.48
19	New Hampshire	$90,440	$43.48
20	Vermont	$88,280	$42.44
21	North Carolina	$81,816	$39.33
22	Georgia	$82,323	$39.58
23	Texas	$77,094	$37.06
24	New Mexico	$81,981	$39.41
25	Louisiana	$81,692	$39.27
26	Florida	$75,845	$36.46
27	Kansas	$70,820	$34.05
28	Wisconsin	$73,189	$35.19
29	Minnesota	$77,226	$37.13
30	Idaho	$84,228	$40.49
31	Alabama	$74,389	$35.76
32	Arizona	$73,162	$35.17
33	Maryland	$77,606	$37.31
34	Kentucky	$75,967	$36.52
35	Indiana	$74,583	$35.86
36	South Carolina	$76,847	$36.95
37	Nevada	$71,701	$34.47
38	Arkansas	$57,730	$27.75
39	Colorado	$68,298	$32.84
40	Wyoming	$57,040	$27.42
41	Montana	$55,594	$26.73
42	Hawaii	$64,189	$30.86
43	Oklahoma	$53,171	$25.56
44	Alaska	$64,079	$30.81
45	Utah	$52,768	$25.37
46	Missouri	$59,727	$28.71
47	Tennessee	$60,699	$29.18
48	Nebraska	$65,448	$31.47
49	Iowa	$66,698	$32.07
50	South Dakota	$58,254	$28.01
51	Mississippi	$55,709	$26.78

Top wealth management advisor jobs near you

Highest paying cities for wealth management advisors

The highest-paying cities for wealth management advisors are New York, NY, Boston, MA, and Portland, ME.

Rank	City	Avg. salary	Hourly rate
1	New York, NY	$125,940	$60.55
2	Boston, MA	$125,636	$60.40
3	Portland, ME	$113,217	$54.43
4	Greenwich, CT	$103,439	$49.73
5	Washington, DC	$102,850	$49.45
6	San Francisco, CA	$102,502	$49.28
7	Richmond, VA	$101,541	$48.82
8	Seattle, WA	$94,676	$45.52
9	Chicago, IL	$93,834	$45.11
10	Philadelphia, PA	$92,941	$44.68
11	Portland, OR	$92,418	$44.43
12	Cleveland, OH	$90,966	$43.73
13	Atlanta, GA	$81,860	$39.36
14	San Antonio, TX	$79,826	$38.38
15	Charlotte, NC	$79,779	$38.36
16	Miami, FL	$78,005	$37.50
17	Baltimore, MD	$77,787	$37.40
18	Minneapolis, MN	$77,149	$37.09
19	Richmond, IN	$76,358	$36.71
20	Reno, NV	$73,822	$35.49

Wealth management advisor salary details

A wealth management advisor's salary ranges from $49,000 a year at the 10th percentile to $168,000 at the 90th percentile.

Average wealth management advisor salary graph, trends, and summary

What is a wealth management advisor's salary?

Percentile	Annual salary	Monthly salary	Hourly rate
90th Percentile	$168,000	$14,000	$81
75th Percentile	$126,000	$10,500	$61
Average	$91,605	$7,634	$44
25th Percentile	$66,000	$5,500	$32
10th Percentile	$49,000	$4,083	$24

Highest paying wealth management advisor jobs

The highest paying types of wealth management advisors are investment counselor, personal investment adviser, and investment consultant.

Job title	Annual salary	Monthly salary	Hourly rate	Job openings
Finance Professional	$55,551	$4,629	$26.71	124,570
Corporate Finance Analyst	$76,023	$6,335	$36.55	114,375
Finance Planner	$71,607	$5,967	$34.43	91,557
Finance Consultant	$77,551	$6,463	$37.28	94,259
Finance Counselor	$40,561	$3,380	$19.50	101,005
Investment Consultant	$109,300	$9,108	$52.55	48,111

How would you rate the starting salaries for wealth management advisors, as well as the prospects for salary advancement?

Margaret Franklin

President and CEO, CFA Institute

While starting salaries in financial services can vary quite significantly, based on a wide variety of factors, we know that: firms looking for a CFA charterholder are willing to pay an 8% premium, and CFA charterholders earn more than their peers by about 60%, according to our research.

Top companies hiring wealth management advisors now:

Which companies pay wealth management advisors the most?

Wealth management advisor salaries at Capital Group and Univest Financial Corporation are the highest-paying according to our most recent salary estimates. In addition, the average wealth management advisor salary at companies like Vontobel and BTG Pactual are highly competitive.

Rank	Company	Average salary	Hourly rate
1	Capital Group	$167,099	$80.34
2	Univest Financial Corporation	$147,776	$71.05
3	Vontobel	$141,784	$68.17
4	BTG Pactual	$138,794	$66.73
5	Goldman Sachs	$132,368	$63.64
6	Teachers Insurance & Annuity Association of America	$128,451	$61.76
7	Triad Financial Sm Llc	$124,931	$60.06
8	MLK Community Healthcare	$120,359	$57.86
9	Greenleaf Trust	$119,523	$57.46
10	CVS Health	$119,219	$57.32
11	Northern Trust	$118,494	$56.97
12	MAI Capital Management	$117,978	$56.72
13	Citi	$117,722	$56.60
14	Rainmakers	$116,868	$56.19
15	Ernst & Young	$115,702	$55.63
16	NTT Data International L.L.C.	$114,737	$55.16
17	Profinium	$113,681	$54.65
18	Northwell Health	$113,323	$54.48
19	Ernst Concrete	$112,277	$53.98
20	Neuberger Berman	$111,213	$53.47

Wage gap by gender, race and education

$91,000$88,000$85,000$82,000$79,000$76,000

MaleFemale

Wealth management advisor salary trends

The average wealth management advisor salary has risen by $23,329 over the last ten years. In 2014, the average wealth management advisor earned $68,276 annually, but today, they earn $91,605 a year. That works out to a -1% change in pay for wealth management advisors over the last decade.

Compare wealth management advisor salaries for cities or states with the national average over time.

Average wealth management advisor salary over time

Compare wealth management advisor salaries for individual cities or states with the national average.

Wealth management advisor salary by year

Year	Avg. salary	Hourly rate	% Change
2025	$91,600	$44.04	+1.7%
2024	$90,100	$43.31	-1.2%
2023	$91,200	$43.82	-2.0%
2022	$92,900	$44.69	+0.1%
2021	$92,800	$44.63	+1.5%

Recently added wealth management advisor salaries

Company	Job	Location	Date added	Salary
Neuberger Berman	Wealth Advisor Associate	San Francisco, CA	06/30/2025	$100,000
Ntrs	Associate Wealth Advisor	Chicago, IL	06/30/2025	$99,600
Ntrs	Associate Wealth Advisor	Atlanta, GA	06/30/2025	$94,620
Tompkins Financial Corporation	Wealth Advisor-Central New York	Ithaca, NY	06/29/2025	$90,000
Mariner High School	Wealth Advisor	Madison, NJ	06/29/2025	$70,200
Mariner High School	Wealth Advisor	San Diego, CA	06/29/2025	$70,200
Mariner High School	Wealth Advisor	Dedham, MA	06/29/2025	$70,200
Get It-Finance	Wealth Advisor-Hybrid-Remote \| WFH	Scottsdale, AZ	06/29/2025	$40,000
Get It-Real Estate	Wealth Management Advisor-Remote \| WFH	Defiance, OH	06/29/2025	$75,000
Fannie Mae Corp	Model Risk-Risk Management-Advisor	Reston, VA	06/28/2025	$138,000

Wealth management advisor salary FAQs

What state pays Wealth Management Advisors the most?

How do I know if I'm being paid fairly as a wealth management advisor?

Does wealth management pay well?

How much can a wealth management advisor make?

How much does a wealth management advisor at Merrill Lynch make?

Have more questions? See all answers to common business and financial questions.

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Updated December 15, 2025

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