Senior Financial Advisor Salary in Richfield, MN: $127,050 (2026)
Quick Answer:The top tier of financial advisors working in Richfield, MN — those at or above the 90th percentile — pull in $127,050/year or more for 2026, based on BLS OEWS 2025 estimates for SOC 13-2052. Strip back Richfield's price premium (BEA RPP 98.5, 1% below national) and that top-decile pay carries the same buying power as $128,985 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 Richfield, Minnesota, senior financial advisors project to earn a median annual salary of $81,968 in 2026, but the top-end earners can significantly surpass this figure. The salary range for this role spans from $47,541 at the 10th percentile to an impressive $127,050 at the 90th percentile. This highlights a considerable experience premium that distinguishes high performers from the median, emphasizing the steep pathway that these advisors navigate to reach such top-tier pay. Achieving a position among the elite financial advisors in Richfield typically requires not only years of experience but also expertise in niche areas of financial services that cater to high-net-worth clientele.
About the Richfield Market
Salary estimated from Minnesota average ($108,000) adjusted for local cost of living.
2026 Salary Percentile Distribution in Richfield
Experienced financial advisors at the top of the pay scale in Richfield earn between $104,919 and $127,050 per year (2026 est.). This $79,509 range from 10th to 90th percentile reflects significant earnings potential growth over a career. The Richfield median of $81,968 sits 24.48% below the US median.
Top CFP, FA Salary Comparison
| Level | Richfield | National |
|---|---|---|
| Median (P50) | $81,968 | $108,537 |
| 75th Percentile | $104,919 | $182,624 |
| 90th Percentile (Top 10%) | $127,050 | $368,802 |
In Richfield, 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 Richfield
Advanced Certifications in Minnesota
MN financial advisors with additional specialty certifications within the financial planning field earn significantly above the $81,968 median. Expanded-scope credentials are increasingly valued by Richfield employers.
Specialty Focus
Financial Advisors focusing on high-acuity or specialty areas within the financial planning field in Richfield command premium compensation, often reaching the $104,919–$127,050 range.
Large Health-System & Multi-Site Experience
Large hospital systems and multi-site employers in the Richfield 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 Richfield 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 Richfield
Clinical Financial Advisor
0-5 yearsSenior/Lead Financial Advisor
5-10 yearsFinancial Advisor Department Manager
10+ yearsEducator / Specialty Leadership
AdvancedRichfield ranks #35 of 44 Minnesota cities for top earner financial advisor salary (90th percentile: $127,050).
Top 10% financial advisor compensation in Richfield ($127,050) is 58.73% below the Minnesota average P90 ($307,853).
2024 BLS Actual
$127,850
2025 BLS Actual
$122,991
2026 Current Est.
$127,050
2024–2027 Growth
+2.7%
Salary Trajectory for Financial Advisors in Richfield (2024–2027)
2024–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2024 | $127,850 | Actual |
| 2025 | $122,991 | Actual |
| 2026(current) | $127,050 | Estimated |
| 2027 | $131,242 | Projected |
Top-earning financial advisors (90th percentile) in Richfield saw their compensation grow -3.8% from $127,850 in 2024 to $122,991 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 $131,242 by 2027, reflecting continued demand for clinical expertise and expanded-function credentials.
Note: Historical values (2024–2025) are actual BLS OEWS figures for the Richfield 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 Richfield
Specializations such as high-net-worth private wealth management, estate planning, and business succession advising command particularly high salaries among experienced financial advisors in Richfield. Compensation structures can vary widely depending on employer type, with wirehouses like Morgan Stanley and Merrill Lynch often providing commission-based models, while registered investment advisors (RIAs) lean towards fee-based compensation structures, which generally yield higher long-term earnings for advisors who accumulate a substantial assets under management (AUM) book. Advanced certifications such as CFP or CFA can further elevate senior financial advisor pay in MN, especially in a market where credentials are viewed as indicators of professionalism and expertise. Real career advancement paths often lead from junior advisory roles through to partner status or independent RIA ownership, especially for those transitioning from a wirehouse context or seeking to establish themselves in the growing independent advisory sector.
More salary data for Richfield, MN:
Frequently Asked Questions
How much do experienced financial advisors make in Richfield in 2026?
What drives higher financial advisor pay in Richfield?
What certifications boost financial advisor salary in Richfield?
Can experienced financial advisors make six figures in Richfield?
How much does financial advisor salary increase over time in Richfield?
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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 $122,991 for financial advisors in the Richfield 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 Richfield 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