Financial Advisor Hourly Pay in Newport, RI: $50.41 (2026)
Quick Answer:Hourly pay for a financial advisor working in Newport, RI runs $50.41 at the median for 2026 — annualizing to $104,863 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Newport's regional price level (BEA RPP 100.5, 1% above national), each hour of work buys what $50.16 nationally would. A 24-hour part-time schedule grosses $62,912 per year.
Based on BLS state-level estimates · View source
In Newport, Rhode Island, the financial advisor hourly pay is projected to be $50.41 in 2026, which is slightly below the national median of $52.18. This hourly rate offers a substantial opportunity for both part-time and per-diem workers seeking flexible schedules, as financial advisors can work in varied environments such as wirehouse branch offices, RIA conference rooms, and client homes. The hourly range for financial advisors in Newport spans from $29.24 for entry-level positions to $78.15 for top earners. Practitioners at the lower end of the scale can enter the field with limited experience, while seasoned professionals managing high-net-worth clients or providing complex financial planning commands higher rates. It's essential to recognize that these hourly rates, while reflective of annual salary data, provide a clearer picture of earnings potential across diverse work arrangements.
About the Newport Market
Salary estimated from Rhode Island average ($108,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $29.24 | $233.95 |
| Lower Range (P25) | $36.30 | $290.40 |
| Median (P50) | $50.41 | $403.28 |
| Upper Range (P75) | $64.53 | $516.25 |
| Top Earners (P90) | $78.15 | $625.17 |
Estimated Annual Income by Work Schedule in Newport
Based on $50.41/hr median hourly rate · 2026 est.
At $50.41/hr, a financial advisor working full-time (40 hr/wk) in Newport, RI can expect to earn approximately $104,854 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $60,492. With a cost-of-living index of 100.50 (above the national average), these earnings may be offset by higher expenses in Newport.
Hourly Rate Calculator
Schedule Comparison in Newport
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,016.42 | $8,738 | $104,854 |
| Part-Time (24 hrs) | $1,209.85 | $5,243 | $62,912 |
| Per Diem (16 hrs) | $806.57 | $3,495 | $41,941 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Newport) | $50.41 |
| Financial Analyst (National Avg) | $47.61 |
| Accountant / Auditor (National Avg) | $39.88 |
| Insurance Sales Agent (National Avg) | $29.02 |
| Securities / Commodities Sales Agent (National Avg) | $35.30 |
Financial Advisors in Newport, RI earn a median of $104,863 per year (2026 est.), which is 3.39% lower than the national median of $108,537 and 3.90% below the Rhode Island state average of $109,119.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $50.41/hr = $62,912/year (purchasing power: $62,599).
Working 40h/week (full-time) = $104,854/year (purchasing power: $104,332).
CoL index: 100.5 (100 = national average).
2019 BLS Actual
$40.80/hr
2025 BLS Actual
$48.80/hr
2026 Current Est.
$50.41/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Newport (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $40.80/hr | Actual |
| 2020 | $41.49/hr | Actual |
| 2021 | $43.74/hr | Actual |
| 2022 | $44.30/hr | Actual |
| 2023 | $46.25/hr | Actual |
| 2024 | $50.17/hr | Actual |
| 2025 | $48.80/hr | Actual |
| 2026(current) | $50.41/hr | Estimated |
| 2027 | $52.07/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Newport grew 19.6% from $40.80/hr (2019) to $48.80/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $52.07/hr by 2027. Part-time and per-diem financial advisors can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Newport metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.30% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Financial Advisor in Newport
Part-time financial advisors who choose to work three days a week, or around 24 hours total, could anticipate earning an annual income significantly less than their full-time counterparts. For instance, working fewer hours can limit their market reach and ability to build a robust client base. While per-diem financial advisor pay in Newport is not common among junior professionals, experienced fiduciaries may charge project-based fees ranging from $3,000 to $15,000 for comprehensive plans, or annual retainers between $5,000 and $25,000 for retirement consulting services at small businesses. Hourly rates can differ substantially depending on the employer type: wirehouses like Morgan Stanley and Merrill Lynch might offer competitive pay, but independent advisors operating in the growing RIA sector may prioritize favorable hourly rates without the benefits associated with larger firms. Some advisors compromise on rate for health insurance, weighing the value of stability against potentially higher hourly compensation in a lesser-supported environment. When negotiating, Newport's financial advisors should be clear about their range based on industry standards and emphasize their certifications, such as the CFP, which can strengthen their negotiating position.
More salary data for Newport, RI:
Frequently Asked Questions
What is the hourly rate for financial advisors in Newport in 2026?
How much do part-time financial advisors make in Newport?
Are financial advisors in Newport paid hourly or salary?
How much does a full-time financial advisor make per year in Newport?
Do financial advisors earn more per hour working part-time in Newport?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Rhode Island
Written by Jordan Lee, CFP
Career Analyst
Jordan has over 10 years of experience in financial planning. They specialize in retirement planning for individuals. They work at a financial services firm in New York City.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.30% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for financial advisors in Newport. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Newport is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.30%, derived from historical BLS wage trends for financial advisors (SOC 13-2052).
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov