Average Personal Financial Advisors Salary in Riverside-San Bernardino-Ontario, CA
Personal Financial Advisors in the Riverside-San Bernardino-Ontario, CA area earn an average annual salary of $137,460. This figure is notably below the national average of $160,360, suggesting that local market dynamics, such as demand and the cost of doing business, play a significant role in compensation levels within this region.
Executive Summary
- Average Salary: $137,460 per year.
- Growth Trend: Salaries have shifted 32.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $206,190.
- Outlook: With a local workforce of approximately 1,100 Personal Financial Advisors, the job market in Riverside-San Bernardino-Ontario, CA, shows a moderate presence. The Location Quotient of 0.37 indicates that this profession is less concentrated here compared to the national average, suggesting a potentially stable but not overly saturated demand for these services.
Salary Overview
The average Personal Financial Advisors in Riverside-San Bernardino-Ontario, CA earns-14.3%below the national average.
$66.1
$2,643
$11,455
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data for this region isn't provided, it's generally assumed that salaries for Personal Financial Advisors have seen consistent growth over the past four years, mirroring national trends. Factors such as increasing demand for financial planning services and inflation likely contribute to upward salary adjustments.
Personal Financial Advisors Salary Distribution in Riverside-San Bernardino-Ontario, CA
Career progression for Personal Financial Advisors typically involves a significant salary increase with experience. Entry-level positions might start at a lower percentile of the salary range, while seasoned professionals with extensive client portfolios and proven track records can command salaries well above the average, reflecting the value of their expertise and established client relationships.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $63,450 | $30.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $103,095 | $49.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $96,840 | $46.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $171,825 | $82.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $206,190 | $99.1 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$137,460
Gross Pay
Real Wage (Purchasing Power)
$137,460
Adjusted for COL (100)
The average annual salary of $137,460 in Riverside-San Bernardino-Ontario, CA, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Personal Financial Advisor's salary in this area is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
1,100
Total Jobs
0.646
Per 1K Jobs
0.37
Location Quotient
At 0.37x, Riverside-San Bernardino-Ontario, 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.
A Location Quotient of 0.37 signifies that Personal Financial Advisors are less prevalent in the Riverside-San Bernardino-Ontario, CA metropolitan area compared to the national landscape. This lower concentration suggests that while the demand exists, the market may not be as intensely competitive as in areas with a higher quotient, potentially offering unique opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA Personal Financial Advisors Salary | $155,270↑ 13% | 49 mi |
| San Diego-Chula Vista-Carlsbad, CA Personal Financial Advisors Salary | $176,140↑ 28% | 79 mi |
Comparing salaries near Riverside-San Bernardino-Ontario, CA
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Riverside-San Bernardino-Ontario, CA?
The median annual salary for a Personal Financial Advisors in Riverside-San Bernardino-Ontario, CA is $137,460. This typically ranges from $63,450 for entry-level positions to $206,190 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Riverside-San Bernardino-Ontario, CA is 14.3% lower than the national median of $160,360.
Is Riverside-San Bernardino-Ontario, CA a lucrative place for Personal Financial Advisors?
No, not compared to the national average.While the average salary of $137,460 is substantial, it falls below 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 Riverside-San Bernardino-Ontario, CA a good place to live for Personal Financial Advisors?
The Cost of Living Index in Riverside-San Bernardino-Ontario, CA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Riverside-San Bernardino-Ontario, CA?
Some top paying nearby cities include Los Angeles-Long Beach-Anaheim, CA ($155,270) and San Diego-Chula Vista-Carlsbad, CA.
How does the local workforce size affect job prospects?
A local workforce of 1,100 Personal Financial Advisors indicates a established presence, suggesting consistent demand for these services within the region.
What does a Location Quotient of 0.37 mean for job seekers?
A Location Quotient below 1.0, like 0.37, means the occupation is less concentrated locally than nationally, implying potentially less competition and more room for growth for new advisors.
How does the Cost of Living Index impact the salary?
With a Cost of Living Index of 100, the $137,460 salary offers purchasing power equivalent to the national average, indicating a balanced financial environment for advisors.
Are there many Personal Financial Advisor jobs per 1,000 workers in Riverside?
With 0.646 jobs per 1,000 workers, the density of Personal Financial Advisor roles is moderate, reflecting a steady but not overwhelming demand within the local labor market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,100 employees in the Riverside-San Bernardino-Ontario, CA area with a job density of 0.646 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 Riverside-San Bernardino-Ontario, CA