Financial Advisor salary in Michigan

Average salary
Based on 403 income tax records
Average salary by age
How much do Financial Advisors make?
The average total salary for a Financial Advisor is $94,500 per year. This is based on data from 403 TurboTax users who reported their occupation as Financial Advisor and includes taxable wages, tips, bonuses, and more. Financial Advisor salary can vary between $25,500 to $470,000 depending on factors including education, skills, experience, employer & location. Read more
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DATA PROVIDED BY turbotax icon

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

From consenting TurboTax customers

Financial Advisor salary by company

Average salary per year*
Salary range**
Morgan Stanley, Michigan
26 income tax records
$60K – $616K
JPMorgan Chase, Michigan
22 income tax records
$68K – $320K
Oppenheimer Co, Michigan
10 income tax records
$53K – $502K
Wells Fargo, Michigan
16 income tax records
$73K – $312K
Raymond James & Associates, Michigan
22 income tax records
$50K – $381K
Merrill Lynch, Michigan
53 income tax records
$53K – $602K
Plante Moran Financial Advisor, Michigan
14 income tax records
$57K – $125K

Financial Advisor demographics in Michigan

single icon
37% are single
married icon
63% are married
have kids icon
50% have kids
own a home icon
73% own a home

Effective Tax Rates for Financial Advisors in Michigan

403 full-time salaries from 2019
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The average salary for a financial advisor in Michigan is $94,500 per year. Financial advisor salaries in Michigan can vary between $25,500 to $470,000 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.

This data is exclusive to Mint Salary and is based on 403 tax returns from TurboTax customers who reported their occupation as financial advisor.

The following companies offer the highest salaries for financial advisors in Michigan: Morgan Stanley ($195,000 a year), JPMorgan Chase ($178,000 a year), and Oppenheimer Co ($175,000 a year).

The following cities offer the highest salaries for financial advisors in Michigan: Kalamazoo, MI ($183,000 a year), Rochester, MI ($107,000 a year), and Grand Rapids, MI ($97,500 a year).
Total salary amounts here include total taxable wages, tips, prizes and other compensation. Salaries here are not representative of the total population and may reflect different levels of experience or education. Learn more
Total salary ranges shown here exclude outliers.