Financial Advisor Salary in Connecticut
According to the Bureau of Labor Statistics of the U.S. Department of Labor, personal financial advisors operating in Connecticut make the second-highest salary in the nation when compared to their counterparts in other states. The 3,210 personal financial advisors operating in the state in 2010 made an average annual salary of $119,770. The top 25% of these professionals averaged $161,930.
Those earning in the 90th percentile earned salaries higher than the BLS reporting ceiling, meaning it was equal to or greater than $166,400 each year. Other higher paying areas of the state include the Worcester MA-CT area where financial advisors earn an average of $136,860, and the Bridgeport-Stamford-Norwalk area where the average is $131,360.
Stockbroker Salary in Connecticut
Connecticut is at the top of the list in terms of salaries paid to stockbrokers, according to data provided by the US Department of Labor’s Bureau of Labor Statistics (BLS). In 2010, Connecticut employed 6,890 stockbrokers who earned an average annual salary of $157,640. Registered reps in the Bridgeport-Stamford-Norwalk area were paid the highest average annual salary in the state at $168,100.
Life/Annuity Producer Salary in Connecticut
According to the Bureau of Labor Statistics of the U.S. Department of Labor, 4,720 insurance sales agents were employed in Connecticut in 2010. Many of these individuals marketed themselves as financial planners by selling life insurance and annuity products. In 2010, they made an average annual salary of $66,560. Insurance sales agents earning in Connecticut’s 75th percentile made approximately $76,170 per year, while those in the 90th percentile earned an average of $114,400 per year.
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.