Financial Advisor Hourly Pay in Richmond, VA: $55.08 (2026)
Quick Answer:Hourly pay for a financial advisor working in Richmond, VA runs $55.08 at the median for 2026 — annualizing to $114,570 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Richmond's regional price level (BEA RPP 97.9, 2% below national), each hour of work buys what $56.29 nationally would. A 24-hour part-time schedule grosses $68,739 per year.
Official BLS data · View source
In Richmond, Virginia, the market for financial advisor hourly pay is quite robust, with a median rate of $55.08, which surpasses the national hourly median of $52.18. This competitive pay makes the profession attractive to various working schedules, including part-time roles typically spanning three days a week or per-diem positions that allow for flexible engagements in settings like wirehouse branch offices and client meetings, whether in-person or remote. The hourly rates can vary significantly, ranging from $27.86 at the lower end for entry-level positions to an impressive $187.23 for top earners with years of experience. These numbers are detailed in official Bureau of Labor Statistics (BLS) data and reflect the dynamic environment for financial advisors in Richmond.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $27.86 | $222.88 |
| Lower Range (P25) | $40.17 | $321.39 |
| Median (P50) | $55.08 | $440.64 |
| Upper Range (P75) | $89.70 | $717.56 |
| Top Earners (P90) | $187.23 | $1497.85 |
Estimated Annual Income by Work Schedule in Richmond
Based on $55.08/hr median hourly rate · 2026 est.
At $55.08/hr, a financial advisor working full-time (40 hr/wk) in Richmond, VA can expect to earn approximately $114,565 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $66,095. With a cost-of-living index of 97.86 (below the national average), these earnings stretch further in Richmond.
Hourly Rate Calculator
Schedule Comparison in Richmond
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,203.18 | $9,547 | $114,565 |
| Part-Time (24 hrs) | $1,321.91 | $5,728 | $68,739 |
| Per Diem (16 hrs) | $881.27 | $3,819 | $45,826 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Richmond) | $55.08 |
| 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 Richmond, VA earn a median of $114,570 per year (2026 est.), which is 5.56% higher than the national median of $108,537 and 22.30% above the Virginia state average of $93,680.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $55.08/hr = $68,739/year (purchasing power: $70,244).
Working 40h/week (full-time) = $114,565/year (purchasing power: $117,073).
CoL index: 97.858 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$46.71/hr
2025 BLS Actual
$53.32/hr
2026 Current Est.
$55.08/hr
2019–2027 Growth
+21.8%
Hourly Rate Trajectory for Financial Advisors in Richmond (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $46.71/hr | Actual |
| 2020 | $50.27/hr | Actual |
| 2021 | $48.78/hr | Actual |
| 2022 | $46.78/hr | Actual |
| 2023 | $47.09/hr | Actual |
| 2024 | $46.84/hr | Actual |
| 2025 | $53.32/hr | Actual |
| 2026(current) | $55.08/hr | Estimated |
| 2027 | $56.90/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Richmond grew 14.2% from $46.71/hr (2019) to $53.32/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $56.90/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 Richmond 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 Richmond
Exploring part-time opportunities further reveals interesting earnings potential. A financial advisor working 24 hours a week would bring in considerably less annually than a full-time counterpart. Per-diem financial advisor pay in Richmond can vary as well, with seasoned advisors charging upwards of $3,000 to $15,000 for project-based financial plans. Hourly compensation can fluctuate based on the employer—wirehouses like Morgan Stanley and UBS may set different rates compared to independent broker-dealers or fee-only RIAs, which tend to grow faster in the current market. Some advisors may accept lower hourly pay in exchange for benefits such as health insurance, while others may prioritize higher pay without those perks. When navigating compensation talks, candidates should consider the trade-offs carefully and prepare specific strategies to negotiate their rates effectively.
More salary data for Richmond, VA:
Frequently Asked Questions
What is the hourly rate for financial advisors in Richmond in 2026?
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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 Richmond. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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