Average Personal Financial Advisors Salary in Fresno, CA
Personal Financial Advisors in Fresno, CA, earn an average annual salary of $130,050. This figure is notably below the national average of $160,360, suggesting that regional economic factors and market demand in Fresno influence compensation levels for this crucial financial role. The specific economic landscape and industry concentration within Fresno play a significant role in shaping these salary outcomes.
Executive Summary
- Average Salary: $130,050 per year.
- Growth Trend: Salaries have shifted 21.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $226,270.
- Outlook: With a total local workforce of 330 Personal Financial Advisors, Fresno presents a modest but stable job market for this profession. The Location Quotient of 0.4 indicates that the concentration of these roles is less than half the national average, suggesting that while opportunities exist, the field is not as densely populated as in other major metropolitan areas. This lower concentration could imply less intense competition for available positions, offering a potentially favorable environment for dedicated professionals.
Salary Overview
The average Personal Financial Advisors in Fresno, CA earns-18.9%below the national average.
$62.5
$2,501
$10,838
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data for Fresno's Personal Financial Advisor salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic growth, evolving financial planning needs, and inflation typically drive salary increases across most professions. Therefore, professionals in this field in Fresno likely have experienced incremental salary growth, reflecting broader economic adjustments and increasing demand for financial guidance.
Personal Financial Advisors Salary Distribution in Fresno, CA
The salary progression for Personal Financial Advisors in Fresno, CA, typically scales significantly with experience. Entry-level positions might start at a lower percentile, perhaps around $90,000, while seasoned professionals with extensive client portfolios and specialized expertise can command salaries well into the top percentiles, potentially exceeding $170,000. These percentile gaps highlight the substantial career growth and earning potential available as advisors build their careers and reputations.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $58,910 | $28.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $97,538 | $46.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $95,920 | $46.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $162,563 | $78.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $226,270 | $108.8 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$130,050
Gross Pay
Real Wage (Purchasing Power)
$130,050
Adjusted for COL (100)
The average annual salary of $130,050 for Personal Financial Advisors in Fresno, CA, aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, without the premium often associated with higher cost-of-living areas. Consequently, the take-home pay in Fresno provides a stable financial foundation, allowing for a comparable lifestyle to that of advisors in more expensive regions.
Job Market Context
330
Total Jobs
0.708
Per 1K Jobs
0.4
Location Quotient
At 0.40x, Fresno, CA has a notably lower concentration of Personal Financial Advisors jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient of 0.4 for Personal Financial Advisors in Fresno, CA, signifies a market with less than half the national average concentration of these professionals. This suggests that the job market is not oversaturated, and there is a steady, albeit not booming, demand for financial advisory services. While not a hub for this specific role, the lower concentration could translate to a less competitive environment for job seekers and potentially greater opportunities for those looking to establish or advance their careers.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Visalia, CA Personal Financial Advisors Salary | $121,700↓ 6% | 41 mi |
| North Coast Region of California nonmetropolitan area Personal Financial Advisors Salary | $153,360↑ 18% | 46 mi |
| North Valley-Northern Mountains Region of California nonmetropolitan area Personal Financial Advisors Salary | $157,300↑ 21% | 46 mi |
Comparing salaries near Fresno, CA
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Fresno, CA?
The median annual salary for a Personal Financial Advisors in Fresno, CA is $130,050. This typically ranges from $58,910 for entry-level positions to $226,270 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fresno, CA is 18.9% lower than the national median of $160,360.
Is Fresno, CA a lucrative place for Personal Financial Advisorss?
No, it is not as lucrative as the national average.While the average salary of $130,050 is substantial, it falls short of the national average of $160,360. However, the cost of living is also at the national average, making the salary's purchasing power comparable.
Is Fresno, CA a good place to live for Personal Financial Advisors?
The Cost of Living Index in Fresno, CA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fresno, CA?
Some top paying nearby cities include Visalia, CA ($121,700) and North Coast Region of California nonmetropolitan area.
How does the number of Personal Financial Advisors in Fresno compare nationally?
With a total local workforce of 330 Personal Financial Advisors and a Location Quotient of 0.4, Fresno has a significantly lower concentration of these professionals compared to the national average.
What is the job outlook for Personal Financial Advisors in Fresno?
The job outlook appears stable, with a modest workforce size and a lower concentration suggesting consistent demand without intense competition, offering a balanced career environment.
Does experience significantly impact a Personal Financial Advisor's salary in Fresno?
Yes, experience is a key driver of salary. Entry-level advisors earn less, while senior advisors with established client bases and expertise can significantly increase their earnings, often reaching higher salary percentiles.
How does the Cost of Living in Fresno affect the value of a Personal Financial Advisor's salary?
The Cost of Living Index in Fresno is 100, matching the national average. This means the $130,050 salary provides purchasing power equivalent to the national average, offering good financial stability relative to living expenses.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 330 employees in the Fresno, CA area with a job density of 0.708 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in Fresno, CA