Financial Advisor Hourly Pay in Franklin, TN: $44.67 (2026)
Quick Answer:Hourly pay for a financial advisor working in Franklin, TN runs $44.67 at the median for 2026 — annualizing to $92,912 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Franklin's regional price level (BEA RPP 91.8, 8% below national), each hour of work buys what $48.66 nationally would. A 24-hour part-time schedule grosses $55,744 per year.
Based on BLS state-level estimates · View source
In Franklin, Tennessee, the projected median hourly pay for financial advisors stands at $44.67, significantly lower than the national median of $52.18. This rate reflects the local market conditions and can provide a viable income for both full-time and part-time professionals in the field. For part-time advisors who work three days a week, the earnings could translate to approximately 24 hours of work, allowing flexibility in managing their schedule. The hourly range for financial advisors in Franklin varies widely, from $25.91 for entry-level positions to about $69.24 for top earners, indicating a robust market where experience and specialization can lead to significantly higher pay. Typical working environments include wirehouse branch offices, independent advisory firms, and home visits for high-net-worth clients, emphasizing the diverse settings in which these professionals may operate.
About the Franklin Market
Salary estimated from Tennessee average ($92,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $25.91 | $207.26 |
| Lower Range (P25) | $32.16 | $257.26 |
| Median (P50) | $44.67 | $357.34 |
| Upper Range (P75) | $57.18 | $457.41 |
| Top Earners (P90) | $69.24 | $553.94 |
Estimated Annual Income by Work Schedule in Franklin
Based on $44.67/hr median hourly rate · 2026 est.
At $44.67/hr, a financial advisor working full-time (40 hr/wk) in Franklin, TN can expect to earn approximately $92,907 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $53,600. With a cost-of-living index of 91.80 (below the national average), these earnings stretch further in Franklin.
Hourly Rate Calculator
Schedule Comparison in Franklin
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,786.68 | $7,742 | $92,907 |
| Part-Time (24 hrs) | $1,072.01 | $4,645 | $55,744 |
| Per Diem (16 hrs) | $714.67 | $3,097 | $37,163 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Franklin) | $44.67 |
| 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 Franklin, TN earn a median of $92,912 per year (2026 est.), which is 14.40% lower than the national median of $108,537 and 17.00% above the Tennessee state average of $79,412.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $44.67/hr = $55,744/year (purchasing power: $60,724).
Working 40h/week (full-time) = $92,907/year (purchasing power: $101,206).
CoL index: 91.8 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$36.15/hr
2025 BLS Actual
$43.24/hr
2026 Current Est.
$44.67/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Franklin (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $36.15/hr | Actual |
| 2020 | $36.76/hr | Actual |
| 2021 | $38.75/hr | Actual |
| 2022 | $39.26/hr | Actual |
| 2023 | $40.98/hr | Actual |
| 2024 | $39.71/hr | Actual |
| 2025 | $43.24/hr | Actual |
| 2026(current) | $44.67/hr | Estimated |
| 2027 | $46.14/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Franklin grew 19.6% from $36.15/hr (2019) to $43.24/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $46.14/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 Franklin 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 Franklin
When considering part-time opportunities, a financial advisor working 24 hours a week at the median rate would take home roughly $55,197 annually, significantly lower than their full-time counterparts. Many advisors in Franklin may opt for per-diem setups or work as independent contractors; however, this arrangement is less common for less experienced professionals. Those with more expertise often price comprehensive plans between $3,000 and $15,000, creating a strong incentive for higher-dollar consulting engagements. Hourly rates can differ substantially based on the type of employer—whether a wirehouse like Morgan Stanley, an independent broker-dealer, or a fee-only RIA. The trade-off between hourly rates and benefits plays a crucial role in decision-making; some may accept lower hourly pay for the security of health insurance while others might aim for higher compensation without benefits. Negotiating effectively is essential in this setting; financial advisors should focus on demonstrating their value, understanding local market trends, and being prepared to discuss how their skills align with client needs.
More salary data for Franklin, TN:
Frequently Asked Questions
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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 Franklin. 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 Franklin 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