Nebraska is a vibrant state in the heart of the American Midwest. Despite its size, it is an economically active and industrious state, it consistently has some of the lowest unemployment rates in the country.<!- mfunc feat_school ->
There are 492 CFPs in the state of Nebraska, according to data collected by the Certified Financial Planner (CFP) Board. They represent about 0.6% of the total number of certified financial planners in the country.
To gain certification from the CFP Board, and therefore authorization to use their designation, one must fulfill certain educational, ethical and experiential requirements. An ongoing certification fee is also paid to the CFP board. Crucially, you must become a fiduciary, who is legally obligated to act in their clients’ best interests (as opposed to their own).<!- mfunc search_btn -> <!- /mfunc search_btn ->
If you are an aspiring financial advisor, you have two paths before you – that of becoming a commission-based advisor, or to become a fee-based advisor. The latter make their living through a pre-stated fee for their services rendered to their clients. This fee usually consists of a flat retainer, and/or an hourly rate for investment advice and other services. While fee-based advisors require certification to practice their profession, commission-based advisors do not – they make a living by earning commission from selling financial products and services to their clients.
Below, we have compiled data on the salaries of financial advisors, stockbrokers and insurance agents in Nebraska, across its various metropolitan and non-metropolitan regions. If you are interested in how wages for financial advisors, stockbrokers and insurance agents vary across different regions of Nebraska, you have come to the right place. This data has been acquired from the U.S. Bureau of Labor Statistics and is visible below.
Financial Advisor Salary in Nebraska
The most financial advisors in the state reside in the Omaha-Council Bluffs area; it is home to 810 professionals. Lincoln is second and home to 340 financial advisors. The Omaha-Council Bluffs area also has the highest hourly mean wage at $50.26, while Lincoln is second with an hourly mean wage of $46.37. The South Nebraska non-metropolitan area is third with an hourly mean wage of $41.87.
Similarly, the hourly median wage is highest in the Omaha-Council Bluffs area at $34.63, followed closely by Lincoln, where it is $33.52, and Northwest Nebraska non-metropolitan area, where it is $26.42. The highest wages in the upper 90th percentile are in the South Nebraska non-metropolitan area, where they are almost two to three times those of the Nebraska’s other non-metropolitan areas.
Stockbroker Salary in Nebraska
Most of the stockbrokers in Nebraska reside in the Omaha-Council Bluffs area. It is home to 1,760 stockbrokers, with the city of Lincoln coming in a distant second with 270 professionals. The hourly mean wage is highest in the South Nebraska non-metropolitan area at $56.28, followed by Lincoln, where it is $49.31. The hourly median wage, however, is highest in the Northwest Nebraska non-metropolitan area, at $44.38. Meanwhile, the hourly median wage is lowest in the Northeast Nebraska non-metropolitan area at $17.84.
The hourly 75th percentile wage is highest in the South Nebraska non-metropolitan area, where it is $87.18. Lincoln follows with an hourly 75th percentile wage of $61.67, while it is $52.93 in Northwest Nebraska.
Life/Annuity Producer Salary in Nebraska
The Omaha-Council Bluffs area contains 1,960 life/annuity producers – the most of all the surveyed areas in the state. South Nebraska non-metropolitan area and the city of Lincoln follow distantly, with 700 and 600 life annuity producers living there, respectively. The hourly mean wage is highest in the Northeast non-metropolitan area, where it is $38.63. It is followed closely by the Omaha-Council Bluffs region, where it is $38.34.
The hourly median wage is highest at $33.73 in the Omaha-Council Bluffs area, followed by the Northeast Nebraska non-metropolitan area. The wages of the 75th and 90th percentile also are highest here.
(Salary and job growth data reported by the U.S. Bureau of Labor Statistics in May 2019 for personal financial advisors; securities, commodities and financial services sales agents; and insurance sales agents. Figures represent national data, not school-specific information. Conditions in your area may vary. Information accessed February 2021.)