Like other professions, financial advisors are affected by many factors including location, income, client preferences and specific market characteristics. Locations of the highest-earning advisors can change over time, and even more so as technology allows them to work remotely with a greater number of clients in different markets.
With this in mind, SmartAsset ranked U.S. states by the percent increase in median pay that personal financial advisors saw over the course of one year.
This study ranked the 46 states which had available data and the District of Columbia by the percent change in median income for personal financial advisors between 2022 and 2023. Alabama, Maine, Mississippi and Wyoming did not have median income data available for 2023.
This story was produced by SmartAsset and reviewed and distributed by Stacker Media.