Financial Advisor Salary in Independence, MO: $78,967 (2026)
Quick Answer:A full-time financial advisor in Independence, MO earns a median $78,967/year (≈ $37.96/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Independence's price level (10% below national, BEA RPP 89.6), that paycheck buys what $88,133 would nationally. Nominal pay sits 2.1% above the Missouri state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Independence, Missouri, can expect a median annual salary of $78,967, reflecting local market conditions adjusted for regional purchasing power. Salaries in the area span a range from $45,801 at the 10th percentile to $122,398 at the 90th percentile, showcasing the variance for those within the profession. Local estimates derived from BLS state-level data reveal a market increasingly supportive of fee-only planning, with the Certified Financial Planner (CFP) designation becoming more prominent. This trend aligns with the broader industry shift towards fiduciary models, indicating a favorable environment for advisors who prioritize long-term client relationships and transparent fee structures.
About the Independence Market
Salary estimated from Missouri average ($92,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $45,801 | $22.02 |
| Lower Range (P25) | $56,856 | $27.33 |
| Median (P50)(typical) | $78,967 | $37.96 |
| Upper Range (P75) | $101,077 | $48.59 |
| Top Earners (P90) | $122,398 | $58.85 |
Median Salary Position
27.24% below the national average
2026 Salary Percentile Distribution in Independence
In Independence, MO, the financial advisor salary spread from the 10th to 90th percentile is $76,597 (2026 est.). At $78,967, the local median is 27.24% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Independence: You'd be in the lower-middle range
How Independence Financial Advisor Pay Compares
Independence median: $78,967/year (2026)
| Compared To | Median Salary | Independence Pays |
|---|---|---|
| Missouri Average | $77,342 | +2.10% more |
| National Average | $108,537 | -27.24% less |
Financial Advisors in Independence, MO earn a median of $78,967 per year (2026 est.), which is 27.24% lower than the national median of $108,537 and 2.10% above the Missouri state average of $77,342.
Cost-of-Living Adjusted Salary
Independence has a cost of living 10.40% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Independence, MO has a cost-of-living index of 89.6 (below the national average of 100). A financial advisor earning $78,967 nominally has purchasing power equivalent to $88,133 in an average-cost city — an effective 11.61% boost.
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2019 BLS Actual
$63,916
2025 BLS Actual
$76,444
2026 Current Est.
$78,967
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Independence (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $63,916 | Actual |
| 2020 | $64,992 | Actual |
| 2021 | $68,514 | Actual |
| 2022 | $69,401 | Actual |
| 2023 | $72,450 | Actual |
| 2024 | $84,126 | Actual |
| 2025 | $76,444 | Actual |
| 2026(current) | $78,967 | Estimated |
| 2027 | $81,573 | Projected |
Based on 7 years of BLS OEWS data for the Independence metropolitan area, the median financial advisor salary grew 19.6% from $63,916 (2019) to $76,444 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $81,573 by 2027 — a total increase of $17,657 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Independence 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) | $45,801 – $56,856 |
| 3-5 years (Mid Career) | $56,856 – $78,967 |
| 5+ years (Experienced) | $78,967 – $101,077 |
| 10+ years (Top Earner) | $101,077 – $122,398 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Independence
The financial advisor job market in Independence comprises around 30 professionals, creating a small yet competitive landscape. With a cost-of-living index of 89.6, financial advisor pay in Independence, MO, may provide considerable purchasing power compared to other regions, though lower than the national average. Industry players such as Morgan Stanley and Wells Fargo Advisors tend to offer the highest compensation packages among wirehouses, while independent firms like LPL and Raymond James appeal to those pursuing fee-based fiduciary roles. Factors such as client concentration, assets under management, and the fee model significantly influence the disparities in pay, with robust growth observed for advisors with the CFP credential or strong books of business. For those looking to enhance their financial advisor salary in Independence, focusing on high-net-worth clients and pursuing further certifications can be effective strategies.
More salary data for Independence, MO:
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 $76,444 for financial advisorsin the Independence 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 Independence 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