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In 2010, personal financial advisors in Alabama numbered 1,320, according to information provided by the Bureau of Labor Statistics (BLS) of the U.S. Department of Labor. The annual mean wage of personal financial advisors in Alabama that year was $97,230, while those earning in the 75th percentile made an average of $130,730 annually.
Salary statistics for Alabama’s personal financial advisors earning in the 90th percentile was beyond the BLS reporting ceiling, meaning it was in excess of $166,400 a year. The 60 personal financial advisors working in the Southwest Alabama nonmetropolitan area earned a higher than average mean annual wage, at $140,760.
According to the Bureau of Labor Statistics (BLS) of the U.S. Department of Labor, there were 1,350 securities, commodities and financial services sales representatives working in Alabama in 2010, making an annual mean wage of $86,340. Registered representatives in the state earning within the 75th percentile made an average of $110,480 per year. Those earning in the 90th percentile made wages higher than the BLS reporting ceiling, meaning that annual wages were equivalent to or higher than $166,400 annually.
Life/Annuity Producer Salary in Alabama
According to the Bureau of Labor Statistics (BLS) of the U.S. Department of Labor, 5,170 insurance sales agents were employed in Alabama in 2010, many of whom sold fixed annuities along with life insurance. Insurance sales agents in the state earned an annual mean wage of $50,460. Insurance sales agents earning in the 75th percentile made about $58,780 per year, while those earning in the 90th percentile averaged $89,710 annually.
Salary and employment data compiled by the United States Department of Labor’s Bureau of Labor Statistics in May of 2010. These estimates do not include self-employed financial advisors. The Bureau of Labor Statistics always expresses salaries equal to or greater than $166,400 (hourly wage of $80.00) as such and doesn’t provide estimates beyond these totals.