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Financial Advisor salary in Michigan

Average salary
$86,500/yr
Based on 345 income tax records
$26,000
$354,500
DATA PROVIDED BY turbotax icon

Based on income reported to the IRS in box 1 of W-2.

From consenting TurboTax customers

$26,000
$354,500
DATA PROVIDED BY turbotax icon

Based on income reported to the IRS in box 1 of W-2.

From consenting TurboTax customers

How much do Financial Advisors make?question mark icon
The average salary for a Financial Advisor in Michigan is $86,500 per year. These insights are exclusive to Mint Salary and are based on 345 tax returns from TurboTax customers who reported this type of occupation. Financial Advisor salaries in Michigan can vary between $26,000 to $354,500 and depend on various factors, including skills, experience, employer, bonuses, and more. Read more
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Financial Advisor salary by city

Location
Average salary per year
Salary range
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Kalamazoo, MI
14 income tax records
$109,000/yr
$53K – $201K
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Royal Oak, MI
14 income tax records
$86,000/yr
$52K – $128K
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Rochester, MI
13 income tax records
$84,500/yr
$52K – $182K
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Grand Rapids, MI
21 income tax records
$67,500/yr
$40K – $123K

Financial Advisor salary by company

Employer
Average salary per year
Salary range
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JPMorgan Chase, Michigan
10 income tax records
$158,000/yr
$124K – $181K
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Morgan Stanley, Michigan
20 income tax records
$121,500/yr
$83K – $212K
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Wells Fargo, Michigan
12 income tax records
$118,500/yr
$87K – $175K
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Edward Jones, Michigan
35 income tax records
$84,000/yr
$49K – $114K
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Raymond James & Associates, Michigan
15 income tax records
$77,500/yr
$54K – $129K
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Merrill Lynch, Michigan
37 income tax records
$76,500/yr
$61K – $109K

Financial Advisor demographics in Michigan

single icon
39% are single
married icon
61% are married
have kids icon
51% have kids
own a home icon
72% own a home

Financial Advisor salaries by age

$0
$32,750
$65,500
$98,250
$131,000
18-25
26-35
36-45
46-55
56+
Years of age

Effective Tax Rates for Financial Advisors in Michigan

345 full-time salaries from 2019
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FAQS
The average salary for a financial advisor in Michigan is $86,500 per year. Financial advisor salaries in Michigan can vary between $26,000 to $354,500 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.

This data is exclusive to Mint Salary and is based on 345 tax returns from TurboTax customers who reported their occupation as financial advisor.

The following companies offer the highest salaries for financial advisors in Michigan: JPMorgan Chase ($158,000 a year), Morgan Stanley ($121,500 a year), and Wells Fargo ($118,500 a year).

The following cities offer the highest salaries for financial advisors in Michigan: Kalamazoo, MI ($109,000 a year), Royal Oak, MI ($86,000 a year), and Rochester, MI ($84,500 a year).
*Total salary amounts here include total taxable wages, tips, prizes and other compensation. Learn more
**Total salary ranges shown here exclude outliers.