Average Personal Financial Advisors Salary in Los Angeles-Long Beach-Anaheim, CA
Personal Financial Advisors in the Los Angeles-Long Beach-Anaheim, CA area earn an impressive average annual salary of $155,270. This figure is slightly below the national average of $160,360, but remains highly competitive. Factors such as the region's economic dynamism and high demand for financial expertise contribute to this robust compensation.
Executive Summary
- Average Salary: $155,270 per year.
- Growth Trend: Salaries have shifted 46.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $232,905.
- Outlook: With a local workforce of 12,240 Personal Financial Advisors, Los Angeles demonstrates a significant concentration of these professionals. The Location Quotient of 1.13 indicates a slightly higher presence of these roles compared to the national average, suggesting a robust and active job market with consistent demand for financial advisory services.
Salary Overview
The average Personal Financial Advisors in Los Angeles-Long Beach-Anaheim, CA earns-3.2%below the national average.
$74.7
$2,986
$12,939
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Personal Financial Advisors in a major metropolitan area like Los Angeles have experienced steady growth over the past four years. Economic expansion, evolving financial landscapes, and increasing demand for personalized financial planning likely contribute to upward salary trends.
Personal Financial Advisors Salary Distribution in Los Angeles-Long Beach-Anaheim, CA
The salary trajectory for Personal Financial Advisors in Los Angeles-Long Beach-Anaheim, CA, typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive client portfolios and proven track records can command salaries well into the higher percentiles. These percentile gaps clearly signify substantial career progression and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $63,530 | $30.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $116,453 | $56 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $121,940 | $58.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $194,088 | $93.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $232,905 | $112 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$155,270
Gross Pay
Real Wage (Purchasing Power)
$155,270
Adjusted for COL (100)
The average annual salary of $155,270 in Los Angeles-Long Beach-Anaheim, CA, aligns precisely with the national average cost of living index of 100. This means that the purchasing power of a Personal Financial Advisor's income in this region is comparable to the national standard, offering a stable financial footing despite the metropolitan setting.
Job Market Context
12,240
Total Jobs
1.975
Per 1K Jobs
1.13
Location Quotient
With a location quotient of 1.13, Los Angeles-Long Beach-Anaheim, CA has a slightly higher-than-average concentration of Personal Financial Advisors roles compared to the national norm.
A Location Quotient of 1.13 for Personal Financial Advisors in Los Angeles-Long Beach-Anaheim, CA, suggests a market that is slightly more concentrated with these professionals than the national average. This indicates a healthy, competitive job market where demand is present and potentially growing, offering good opportunities for skilled advisors.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Riverside-San Bernardino-Ontario, CA Personal Financial Advisors Salary | $137,460↓ 11% | 49 mi |
| Oxnard-Thousand Oaks-Ventura, CA Personal Financial Advisors Salary | $157,150↑ 1% | 55 mi |
Comparing salaries near Los Angeles-Long Beach-Anaheim, CA
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Los Angeles-Long Beach-Anaheim, CA?
The median annual salary for a Personal Financial Advisors in Los Angeles-Long Beach-Anaheim, CA is $155,270. This typically ranges from $63,530 for entry-level positions to $232,905 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Los Angeles-Long Beach-Anaheim, CA is 3.2% lower than the national median of $160,360.
Is Los Angeles-Long Beach-Anaheim, CA a lucrative place for Personal Financial Advisors?
Yes, it is a lucrative place for Personal Financial Advisors.The average salary of $155,270 is substantial, and the cost of living being at the national average means strong purchasing power. The slightly higher concentration of advisors (LQ 1.13) also points to a healthy demand.
Is Los Angeles-Long Beach-Anaheim, CA a good place to live for Personal Financial Advisors?
The Cost of Living Index in Los Angeles-Long Beach-Anaheim, CA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Los Angeles-Long Beach-Anaheim, CA?
Some top paying nearby cities include Riverside-San Bernardino-Ontario, CA ($137,460) and Oxnard-Thousand Oaks-Ventura, CA.
How does the Los Angeles salary compare to the national average?
The average salary for Personal Financial Advisors in Los Angeles is $155,270, which is slightly lower than the national average of $160,360.
What is the job market like for Personal Financial Advisors in Los Angeles?
The job market is robust, with a local workforce of 12,240 and a Location Quotient of 1.13, indicating a slightly higher concentration of these professionals than the national average.
Does the cost of living affect the value of the salary?
No, the cost of living in Los Angeles is at the national average (index 100), meaning the $155,270 salary offers purchasing power equivalent to the national average.
How many Personal Financial Advisors are there in Los Angeles?
There are approximately 12,240 Personal Financial Advisors employed in the Los Angeles-Long Beach-Anaheim, CA metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 12,240 employees in the Los Angeles-Long Beach-Anaheim, CA area with a job density of 1.975 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 Los Angeles-Long Beach-Anaheim, CA