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As of August 01, 2026, the average salary for a Private Wealth Associate in Michigan is $89,421 per year, which breaks down to an hourly rate of $43.
However, a Private Wealth Associate's salary can vary significantly. Here’s a look at the typical salary range:
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Private Wealth Associate Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $98,634 | $8,219 | $1,897 | $47 |
| Average | $89,421 | $7,452 | $1,720 | $43 |
| 25th Percentile | $78,744 | $6,562 | $1,514 | $38 |
Alexander Legacy Private Wealth Management - Detroit, MI
Chase - Portage, MI
JPMorgan Chase - Portage, MI
JPMorgan Chase - Traverse City, MI
A Private Wealth Associate'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.
Experience is a primary driver of a Private Wealth Associate's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Financial... Level Private Wealth Associate | $56,058 |
| Financial... Level Private Wealth Associate | $74,510 |
| Private W... Level Private Wealth Associate | $90,163 |
| Financial... Level Private Wealth Associate | $108,661 |
| Financial... Level Private Wealth Associate | $220,089 |
What Am I Worth?
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 Private Wealth Associates. 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 Private Wealth Associate roles, the industry you choose can affect earning potential by as much as 50% (the gap between the highest and lowest paying industries). Data shows that the Insurance and Financial Services sectors offer the strongest compensation, at 20% above the average. In contrast, Private Wealth Associate positions in Business Services or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Private Wealth Associate as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $107,305 | $52.0 | 20% |
| Financial Services | $98,363 | $47.0 | 10% |
Understanding how a Private Wealth Associate'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 | $98,634 | $8,219 | $1,897 | $47 |
| Average | $89,421 | $7,452 | $1,720 | $43 |
| 25th Percentile | $78,744 | $6,562 | $1,514 | $38 |
Ready to take the next step in your career? Browse thousands of current Private Wealth Associate job openings on our job board. Use the search bar below to find your perfect match.
JPMorgan Chase
Plymouth, MI
JPMorgan Chase | Plymouth, MI
Private Client Advisor In Chase Wealth Management. At J.P Morgan Chase, we have an enthusiasm for helping our clients, taking care of our employees, buildi... more
5 Days Ago
JPMorgan Chase
Rochester, MI
JPMorgan Chase | Rochester, MI
Private Client Advisor. At J.P. Morgan Chase, we have an enthusiasm for helping our clients, taking care of our employees, building relationships, and deli... more
5 Days Ago
JPMorgan Chase
Flushing, MI
JPMorgan Chase | Flushing, MI
Private Client Advisor. At J.P. Morgan Chase, we have an enthusiasm for helping our clients, taking care of our employees, building relationships, and deli... more
7 Days Ago
Bank of America
Highland Park, MI
Bank of America | Highland Park, MI
Merrill Wealth Management Job. Merrill Wealth Management is a leading provider of comprehensive wealth management and investment products and services for ... more
5 Days Ago
Morgan Stanley
Bloomfield Hills, MI
Morgan Stanley | Bloomfield Hills, MI
Wealth Management Associate. Wealth Management Associates provide exceptional service to our clients and support Financial Advisor(s) (FAs)/Private Wealth ... more
6 Days Ago
Kestra Financial Independent Advisor
Novi, MI
Kestra Financial Independent Advisor | Novi, MI
Job Description. Job Description. The Wealth Associate position is a client service position who reports to the Wealth Advisor and is critical to leveragin... more
5 Days Ago
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