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As of August 01, 2026, the average salary for a Licensed Financial Advisor in Massachusetts is $61,037 per year, which breaks down to an hourly rate of $29.
However, a Licensed Financial Advisor's salary can vary significantly. Here’s a look at the typical salary range:
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Licensed Financial Advisor Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $69,143 | $5,762 | $1,330 | $33 |
| Average | $61,037 | $5,086 | $1,174 | $29 |
| 25th Percentile | $51,900 | $4,325 | $998 | $25 |
NYL - Boston - Westborough, MA
New York Life - Rob Ward - Town of North Attleborough, MA
Northwestern Mutual Life Insurance Company - Andover, MA
Edward Jones - Haverhill, MA
A Licensed Financial Advisor's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Licensed Financial Advisors. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Licensed Financial Advisor roles, the industry you choose can impact your earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Government, offers compensation 10% above the average. Conversely, Licensed Financial Advisor positions in Nonprofit typically offer lower base pay, as this sector often view Licensed Financial Advisor as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Government | $67,141 | $32.0 | 10% |
Understanding how a Licensed Financial Advisor's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $69,143 | $5,762 | $1,330 | $33 |
| Average | $61,037 | $5,086 | $1,174 | $29 |
| 25th Percentile | $51,900 | $4,325 | $998 | $25 |
Ready to take the next step in your career? Browse thousands of current Licensed Financial Advisor job openings on our job board. Use the search bar below to find your perfect match.
The Bulfinch Group
Needham, MA
The Bulfinch Group | Needham, MA
Job Description. Job Description. Financial Advisor. The Bulfinch Group. About the job. The Bulfinch Group provides the opportunity to have it all. Join ou... more
5 Days Ago
CCR Wealth Management
Westborough, MA
CCR Wealth Management | Westborough, MA
Job Description. Job Description. CCR Wealth Management, a nationally recognized and award-winning firm, has an immediate opening for a Financial Advisor. ... more
6 Days Ago
New York Life, Coelho Group -- Bridgewater
Bridgewater, MA
New York Life, Coelho Group -- Bridgewater | Bridgewater, MA
Job Description. Job Description. Our mission is to provide financial security and peace of mind through our insurance, annuity, and investment solutions. ... more
6 Days Ago
Grenier Financial Services
Springfield, MA
Grenier Financial Services | Springfield, MA
Job Description. Job Description. Benefits. 401(k). Bonus based on performance. Opportunity for advancement. Paid time off. Training & development. This ro... more
6 Days Ago
Moody Street Group
Auburndale, MA
Moody Street Group | Auburndale, MA
Job Description. Job Description. The Moody Street Group, LLC. a general agency, of. OneAmerica Financial. works with a diverse clientele including individ... more
7 Days Ago
TD Bank
Boston, MA
TD Bank | Boston, MA
Financial Advisor. The Financial Advisor (FA) role is a three-year program with a forgivable draw, for financial advisors or planners who will be providing... more
6 Days Ago
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