Financial Advisor Salary in Severn, MD: $116,032 (2026)
Quick Answer:A full-time financial advisor in Severn, MD earns a median $116,032/year (≈ $55.78/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Severn's price level (9% above national, BEA RPP 109.3), that paycheck buys what $106,159 would nationally. Nominal pay sits 2.2% below the Maryland state average.
Based on BLS state-level estimates · View source
In 2026, the financial advisor salary in Severn, MD is projected to reach a median annual figure of $116,032, which outpaces the national median of $108,537 by approximately 6.91%. The local salary range spans from $67,298 at the 10th percentile to $179,849 at the 90th percentile, reflecting the competitive landscape shaped by AUM (assets under management) models. In Severn, financial advisors often operate within a wirehouse versus RIA fiduciary structural framework, where fees are typically linked to asset management at RIAs, contrasting with commission-based structures prevalent at traditional wirehouses. This divergence in compensation models influences the income potential within the sector, while regional cost adjustments derived from BLS state-level data account for the localized dynamics of salary determination in the area.
About the Severn Market
Salary estimated from Maryland average ($125,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $67,298 | $32.35 |
| Lower Range (P25) | $83,543 | $40.16 |
| Median (P50)(typical) | $116,032 | $55.78 |
| Upper Range (P75) | $148,521 | $71.40 |
| Top Earners (P90) | $179,849 | $86.46 |
Median Salary Position
6.91% above the national average
2026 Salary Percentile Distribution in Severn
In Severn, MD, the financial advisor salary spread from the 10th to 90th percentile is $112,551 (2026 est.). At $116,032, the local median is 6.91% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Severn: You'd be in the lower-middle range
How Severn Financial Advisor Pay Compares
Severn median: $116,032/year (2026)
| Compared To | Median Salary | Severn Pays |
|---|---|---|
| Maryland Average | $118,642 | -2.20% less |
| National Average | $108,537 | +6.91% more |
Financial Advisors in Severn, MD earn a median of $116,032 per year (2026 est.), which is 6.91% higher than the national median of $108,537 and 2.20% below the Maryland state average of $118,642.
Cost-of-Living Adjusted Salary
Severn has a cost of living 9.30% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Severn, MD has a cost-of-living index of 109.3 (above the national average of 100). While the nominal salary of $116,032 is competitive, the higher cost of living reduces purchasing power to an effective $106,159 — a 8.51% reduction.
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2019 BLS Actual
$93,916
2025 BLS Actual
$112,325
2026 Current Est.
$116,032
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Severn (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $93,916 | Actual |
| 2020 | $95,498 | Actual |
| 2021 | $100,672 | Actual |
| 2022 | $101,977 | Actual |
| 2023 | $106,456 | Actual |
| 2024 | $133,630 | Actual |
| 2025 | $112,325 | Actual |
| 2026(current) | $116,032 | Estimated |
| 2027 | $119,861 | Projected |
Based on 7 years of BLS OEWS data for the Severn metropolitan area, the median financial advisor salary grew 19.6% from $93,916 (2019) to $112,325 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $119,861 by 2027 — a total increase of $25,945 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Severn 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) | $67,298 – $83,543 |
| 3-5 years (Mid Career) | $83,543 – $116,032 |
| 5+ years (Experienced) | $116,032 – $148,521 |
| 10+ years (Top Earner) | $148,521 – $179,849 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Severn
The job market for financial advisors in Severn remains robust, albeit with a relatively small cohort of just 12 professionals currently employed. The area's cost of living index stands at 109.3, indicating that the purchasing power of financial advisors may be modestly affected by higher living costs. Among local employers, wirehouses such as Morgan Stanley and Merrill Lynch tend to offer higher compensation compared to independent broker-dealers or smaller RIAs. The income disparity hinges on factors such as AUM book size, the fee model applied, as well as the concentration of high-net-worth clients. For advisors looking to maximize their pay in Severn, obtaining credentials like the CFP or CFA can elevate their marketability, and focusing on building a strong client base that leads to sizeable AUM can create significant earning potential. Emphasizing fees rather than commissions, especially within the growing RIA sector, may yield a more stable income flow in the evolving financial advisory environment.
More salary data for Severn, MD:
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 $112,325 for financial advisorsin the Severn 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
Salary data for Severn 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