Average Personal Financial Advisors Salary in Milwaukee-Waukesha, WI
Personal Financial Advisors in Milwaukee-Waukesha, WI, earn an impressive average annual salary of $160,610, slightly surpassing the national average of $160,360. This strong compensation reflects the specialized skills and fiduciary responsibilities inherent in financial advising, coupled with local market demand within the region.
Executive Summary
- Average Salary: $160,610 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $240,915.
- Outlook: The Milwaukee-Waukesha area demonstrates a robust job market for Personal Financial Advisors, evidenced by a substantial local workforce of 2,680 professionals. The Location Quotient of 1.86 indicates a significantly higher concentration of these roles compared to the national average, suggesting strong and sustained demand for financial advisory services in the region.
Salary Overview
The average Personal Financial Advisors in Milwaukee-Waukesha, WI earns+0.2%above the national average.
$77.2
$3,089
$13,384
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume a positive trend in salary growth for Personal Financial Advisors in Milwaukee-Waukesha over the past four years. Economic shifts and increasing demand for personalized financial planning typically drive upward salary adjustments in specialized professional fields.
Personal Financial Advisors Salary Distribution in Milwaukee-Waukesha, WI
Career progression for Personal Financial Advisors in Milwaukee-Waukesha is marked by significant salary increases with experience. Entry-level positions may start at a lower percentile, but seasoned professionals with extensive client portfolios and advanced certifications can command salaries well into the higher percentiles, reflecting their accumulated expertise and proven track record.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,920 | $28.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $120,458 | $57.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $121,220 | $58.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $200,763 | $96.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $240,915 | $115.8 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$160,610
Gross Pay
Real Wage (Purchasing Power)
$160,610
Adjusted for COL (100)
With an average annual salary of $160,610 and a Cost of Living Index at the national average of 100, Personal Financial Advisors in Milwaukee-Waukesha experience excellent purchasing power. The nominal salary effectively translates to real economic value, allowing for a comfortable lifestyle without the added financial strain often associated with higher cost-of-living areas.
Job Market Context
2,680
Total Jobs
3.268
Per 1K Jobs
1.86
Location Quotient
Milwaukee-Waukesha, WI has 1.9x the national concentration of Personal Financial Advisors jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 1.86 for Personal Financial Advisors in Milwaukee-Waukesha signifies a market with nearly double the national concentration of these professionals. This indicates a highly specialized and potentially competitive environment, where demand for skilled advisors is robust, and employers actively seek talent within this concentrated professional group.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Racine-Mount Pleasant, WI Personal Financial Advisors Salary | $148,950↓ 7% | 25 mi |
| Kenosha, WI Personal Financial Advisors Salary | $135,960↓ 15% | 33 mi |
| Fond du Lac, WI Personal Financial Advisors Salary | $135,990↓ 15% | 54 mi |
| Janesville-Beloit, WI Personal Financial Advisors Salary | $143,720↓ 11% | 59 mi |
Comparing salaries near Milwaukee-Waukesha, WI
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Milwaukee-Waukesha, WI?
The median annual salary for a Personal Financial Advisors in Milwaukee-Waukesha, WI is $160,610. This typically ranges from $59,920 for entry-level positions to $240,915 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Milwaukee-Waukesha, WI is 0.2% higher than the national median of $160,360.
Is Milwaukee-Waukesha, WI a lucrative place for Personal Financial Advisors?
Yes, Milwaukee-Waukesha, WI is a lucrative location for Personal Financial Advisors.The average salary of $160,610 is on par with the national average, and the Cost of Living Index of 100 means this salary offers strong purchasing power. Furthermore, the high Location Quotient suggests robust demand for these professionals.
Is Milwaukee-Waukesha, WI a good place to live for Personal Financial Advisors?
The Cost of Living Index in Milwaukee-Waukesha, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Milwaukee-Waukesha, WI?
Some top paying nearby cities include Racine-Mount Pleasant, WI ($148,950) and Kenosha, WI.
How does the local salary compare to the national average?
The average annual salary for Personal Financial Advisors in Milwaukee-Waukesha, WI is $160,610, which is slightly higher than the national average of $160,360.
What is the concentration of Personal Financial Advisors in Milwaukee-Waukesha, WI?
The Location Quotient is 1.86, meaning there is a significantly higher concentration of Personal Financial Advisors in Milwaukee-Waukesha compared to the national average.
How does the cost of living affect the salary in Milwaukee-Waukesha, WI?
With a Cost of Living Index of 100, the national average, the $160,610 salary offers excellent value and purchasing power for residents.
What does the job market look like for Personal Financial Advisors in this area?
The market is robust, with 2,680 Personal Financial Advisors employed locally and a high concentration (LQ 1.86), indicating strong demand for their services.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,680 employees in the Milwaukee-Waukesha, WI area with a job density of 3.268 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 Milwaukee-Waukesha, WI