Financial Advisor Salary in Montgomery, AL: $88,724 (2026)
Quick Answer:A full-time financial advisor in Montgomery, AL earns a median $88,724/year (≈ $42.65/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Montgomery's price level (10% below national, BEA RPP 89.7), that paycheck buys what $98,932 would nationally. Nominal pay sits 11.2% above the Alabama state average.
Official BLS data · View source
In 2026, financial advisors in Montgomery, Alabama, are projected to earn a median annual salary of $88,724, reflecting the growing trend towards higher compensation for those holding CFP credentials and embracing fiduciary fee-only financial advising. The salary range within the local market varies significantly, with the lowest earners making approximately $42,694 and top earners reaching as much as $475,046. These figures, derived from official Bureau of Labor Statistics (BLS) OEWS surveys, place Montgomery's financial advisor pay below the national median of $108,537 by about 18.25%. However, the steady increase in market demand—predicted to grow at an annual rate of 3.30%—shows promise for financial advisors looking to enhance their earning potential in the coming years.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $42,694 | $20.53 |
| Lower Range (P25) | $48,324 | $23.23 |
| Median (P50)(typical) | $88,724 | $42.65 |
| Upper Range (P75) | $223,242 | $107.33 |
| Top Earners (P90) | $475,046 | $228.39 |
Median Salary Position
18.25% below the national average
2026 Salary Percentile Distribution in Montgomery
In Montgomery, AL, the financial advisor salary spread from the 10th to 90th percentile is $432,352 (2026 est.). At $88,724, the local median is 18.25% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Montgomery: You'd be in the entry-level range
How Montgomery Financial Advisor Pay Compares
Montgomery median: $88,724/year (2026)
| Compared To | Median Salary | Montgomery Pays |
|---|---|---|
| Alabama Average | $79,788 | +11.20% more |
| National Average | $108,537 | -18.25% less |
Financial Advisors in Montgomery, AL earn a median of $88,724 per year (2026 est.), which is 18.25% lower than the national median of $108,537 and 11.20% above the Alabama state average of $79,788.
Cost-of-Living Adjusted Salary
Montgomery has a cost of living 10.32% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Montgomery, AL has a cost-of-living index of 89.682 (below the national average of 100). A financial advisor earning $88,724 nominally has purchasing power equivalent to $98,932 in an average-cost city — an effective 11.51% boost.
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2019 BLS Actual
$121,720
2025 BLS Actual
$85,890
2026 Current Est.
$88,724
2019–2027 Growth
+-24.7%
Salary Trajectory for Financial Advisors in Montgomery (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $121,720 | Actual |
| 2020 | $108,460 | Actual |
| 2021 | $99,140 | Actual |
| 2022 | $80,920 | Actual |
| 2023 | $84,540 | Actual |
| 2024 | $82,410 | Actual |
| 2025 | $85,890 | Actual |
| 2026(current) | $88,724 | Estimated |
| 2027 | $91,652 | Projected |
Based on 7 years of BLS OEWS data for the Montgomery metropolitan area, the median financial advisor salary grew -29.4% from $121,720 (2019) to $85,890 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $91,652 by 2027 — a total increase of $-30,068 (-24.70%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Montgomery 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $42,694 – $48,324 |
| 3-5 years (Mid Career) | $48,324 – $88,724 |
| 5+ years (Experienced) | $88,724 – $223,242 |
| 10+ years (Top Earner) | $223,242 – $475,046 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Montgomery
The employment market for financial advisors in Montgomery currently sees around 180 professionals actively working in the field. With a cost-of-living index of 89.682, residents benefit from lower expenses relatively compared to the national average, which translates to a more favorable take-home pay for financial advisors. Among the highest paying employers are wirehouses such as Morgan Stanley and Merrill Lynch, while fee-only Registered Investment Advisors (RIAs) and independent broker-dealers are also competitive, particularly for advisors with substantial assets under management (AUM). The variance in compensation can be attributed to factors such as client concentration, fee structures (1% AUM for RIAs vs. commissions at wirehouses), and the presence of high-net-worth clients. To maximize pay in Montgomery, aspiring financial advisors should consider pursuing CFP credentials and building a strong client base while evaluating potential transitions from wirehouses to independent or fee-only models.
More salary data for Montgomery, AL:
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
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $85,890 for financial advisorsin the Montgomery metropolitan area. A 3.30% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
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