How Much Does a Wealth Manager Make? Salary by State
Median annual salary (U.S.)
$105,070
Wealth managers in the U.S. earn a median of $105,070 a year, or $50.51 an hour. Half of wealth managers earn more than $105,070 and half earn less. The top 10% make more than $357,020.
Pay percentiles for wealth managers
| Percentile | Hourly | Annual |
|---|---|---|
| 10th | $24.13 | $50,190 |
| 25th | $34.83 | $72,440 |
| 50th (median) | $50.51 | $105,070 |
| 75th | $84.99 | $176,790 |
| 90th | $171.65 | $357,020 |
U.S. wages, May 2025. BLS occupation: Personal Financial Advisors (SOC 13-2052). Source: BLS Occupational Employment and Wage Statistics (OEWS)
Highest-paying states for wealth managers
| State | Median annual | Median hourly | vs. U.S. |
|---|---|---|---|
| New York | $166,400 | $80.00 | +58% |
| New Jersey | $158,570 | $76.24 | +51% |
| California | $130,330 | $62.66 | +24% |
| Connecticut | $129,720 | $62.36 | +23% |
| South Dakota | $128,720 | $61.89 | +23% |
| Massachusetts | $125,670 | $60.42 | +20% |
| Delaware | $125,050 | $60.12 | +19% |
| Oregon | $122,830 | $59.05 | +17% |
| Illinois | $120,130 | $57.75 | +14% |
| Wisconsin | $119,430 | $57.42 | +14% |
| United States | $105,070 | $50.51 | — |
Top 10 states by median annual wage, May 2025. Source: BLS Occupational Employment and Wage Statistics (OEWS)
How many wealth managers are there?
BLS counts about 266,800 wealth managers employed in the U.S. (May 2025, excluding the self-employed). These figures cover the BLS occupation “Personal Financial Advisors”. The most jobs are in California (32,200), New York (21,550) and Florida (21,490).
The mean (average) annual wage is $156,670, higher than the median of $105,070.
Hourly to annual pay calculator
Per year
- Monthly
- $8,756
- Biweekly
- $4,041
- Weekly
- $2,021
- Daily (8 hours)
- $404
- Hours per year
- 2,080
BLS annual figure; hourly × 2,080 may differ slightly.
Frequently asked questions
How much do wealth managers make an hour?
The median hourly wage for wealth managers is $50.51. The middle 50% earn between $34.83 and $84.99 an hour.
Which state pays wealth managers the most?
New York has the highest median wage for wealth managers at $166,400, +58% vs. the U.S. median.
What is the starting salary for wealth managers?
BLS does not report pay by experience, but the lowest-paid 10% of wealth managers earn less than $50,190 a year, a common proxy for entry-level pay.