Senior Financial Advisor Salary in Faribault, MN: $124,598 (2026)
Quick Answer:The top tier of financial advisors working in Faribault, MN — those at or above the 90th percentile — pull in $124,598/year or more for 2026, based on BLS OEWS 2025 estimates for SOC 13-2052. Strip back Faribault's price premium (BEA RPP 98.5, 1% below national) and that top-decile pay carries the same buying power as $126,495 in average-cost America. The 55% spread above city median typically rewards 7+ years of practice or specialty credentials.
Based on BLS state-level estimates · View source
In 2026, seasoned financial advisors in Faribault, Minnesota, can anticipate a competitive median annual salary of $80,386, with top-tier earners potentially reaching an impressive $124,598. This potential for high compensation positions the city's experienced professionals to stand alongside their counterparts nationally, despite a 25.94% disparity from the national median of $108,537. The significant gap between the median and top earnings highlights the advantage that comes with specialization and extensive experience. For advisors aiming for the highest salary brackets, factors such as advanced credentials, a robust client base, and a proven track record of success are essential to elevate their earning potential in this market.
About the Faribault Market
Salary estimated from Minnesota average ($108,000) adjusted for local cost of living.
2026 Salary Percentile Distribution in Faribault
Experienced financial advisors at the top of the pay scale in Faribault earn between $102,894 and $124,598 per year (2026 est.). This $77,975 range from 10th to 90th percentile reflects significant earnings potential growth over a career. The Faribault median of $80,386 sits 25.94% below the US median.
Top CFP, FA Salary Comparison
| Level | Faribault | National |
|---|---|---|
| Median (P50) | $80,386 | $108,537 |
| 75th Percentile | $102,894 | $182,624 |
| 90th Percentile (Top 10%) | $124,598 | $368,802 |
In Faribault, experienced financial advisors (P90) earn 55.00% more than the local median — reflecting the significant value of specialization and tenure in this market.
What Drives Top Financial Advisor Pay in Faribault
Advanced Certifications in Minnesota
MN financial advisors with additional specialty certifications within the financial planning field earn significantly above the $80,386 median. Expanded-scope credentials are increasingly valued by Faribault employers.
Specialty Focus
Financial Advisors focusing on high-acuity or specialty areas within the financial planning field in Faribault command premium compensation, often reaching the $102,894–$124,598 range.
Large Health-System & Multi-Site Experience
Large hospital systems and multi-site employers in the Faribault metro area often pay above-market rates for experienced financial advisors who demonstrate efficiency and leadership.
Employer Loyalty & Patient Relationships
Long-tenured financial advisors in Faribault with established relationships have strong negotiating leverage. In this developing market, retention bonuses and annual raises are common for top performers.
Continuing Education & Leadership
Financial Advisors in Minnesota who pursue advanced degrees, mentor junior staff, or lead clinical education programs position themselves for the highest compensation tiers and management roles.
Financial Advisor Career & Wage Growth Path in Faribault
Clinical Financial Advisor
0-5 yearsSenior/Lead Financial Advisor
5-10 yearsFinancial Advisor Department Manager
10+ yearsEducator / Specialty Leadership
AdvancedFaribault ranks #44 of 44 Minnesota cities for top earner financial advisor salary (90th percentile: $124,598).
Top 10% financial advisor compensation in Faribault ($124,598) is 59.53% below the Minnesota average P90 ($307,853).
2024 BLS Actual
$123,516
2025 BLS Actual
$120,618
2026 Current Est.
$124,598
2024–2027 Growth
+4.2%
Salary Trajectory for Financial Advisors in Faribault (2024–2027)
2024–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2024 | $123,516 | Actual |
| 2025 | $120,618 | Actual |
| 2026(current) | $124,598 | Estimated |
| 2027 | $128,710 | Projected |
Top-earning financial advisors (90th percentile) in Faribault saw their compensation grow -2.3% from $123,516 in 2024 to $120,618 in 2025, based on 2 years of BLS OEWS data for this metropolitan area. At a 3.30% annual growth rate, senior-level pay is projected to reach $128,710 by 2027, reflecting continued demand for clinical expertise and expanded-function credentials.
Note: Historical values (2024–2025) are actual BLS OEWS figures for the Faribault 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 2-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Maximizing Your Financial Advisor Earnings in Faribault
Specialization plays a critical role in determining senior financial advisor pay in MN, with areas such as high-net-worth (HNW) wealth management, retirement planning, estate planning, and divorce financial planning commanding higher fees. Compensation can vary significantly based on the type of employer, with wirehouses typically offering a commission-based pay structure and independent RIAs favoring an AUM-based model, often at around 1% of assets under management. Experienced advisors pursuing leadership roles can expect realistic pathways from junior advisor to partner or founder in a small RIA, reflecting industry trends where wirehouses are transitioning to an employee-model structure. Furthermore, earning advanced credentials like CFP or CFA can enhance advisory services and consulting rates, driving higher compensation in Faribault. Additional factors, such as the concentration of high-net-worth clients and equity stakes in independent firms, contribute to compensation beyond base salary, making the field increasingly attractive for experienced financial professionals.
More salary data for Faribault, MN:
Frequently Asked Questions
How much do experienced financial advisors make in Faribault in 2026?
What drives higher financial advisor pay in Faribault?
What certifications boost financial advisor salary in Faribault?
Can experienced financial advisors make six figures in Faribault?
How much does financial advisor salary increase over time in Faribault?
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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
Top-earner salary figures on this page are 2026 projections derived from the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. BLS reported a 90th percentile salary of $120,618 for financial advisors in the Faribault metro area. A 3.30% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 senior-level compensation. Individual earnings depend on certifications, specialization, practice type, and years of clinical experience.
Data Sources & Methodology
Salary data for Faribault 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