Senior Financial Advisor Salary in Rochester, MN: $305,489 (2026)
Quick Answer:The top tier of financial advisors working in Rochester, MN — those at or above the 90th percentile — pull in $305,489/year or more for 2026, based on BLS OEWS 2025 estimates for SOC 13-2052. Strip back Rochester's price premium (BEA RPP 90.8, 9% below national) and that top-decile pay carries the same buying power as $336,364 in average-cost America. The 210% spread above city median typically rewards 7+ years of practice or specialty credentials.
Official BLS data · View source
Salaries for experienced financial advisors in Rochester, Minnesota show promising prospects, particularly for those who have honed their skills over several years. In 2026, top earners in this field could see compensation reach as high as $305,489, with the 75th percentile earning around $209,472. This stark contrast between the median annual salary of $98,424 and the potential for peak earnings highlights the experience premium available for seasoned professionals. Achieving such levels typically requires not only deep knowledge of financial products and markets but also a robust client base and specialized competencies that cater to affluent clients, such as high-net-worth advising or estate planning.
2026 Salary Percentile Distribution in Rochester
Experienced financial advisors at the top of the pay scale in Rochester earn between $209,472 and $305,489 per year (2026 est.). This $258,611 range from 10th to 90th percentile reflects significant earnings potential growth over a career. The Rochester median of $98,424 sits 9.32% below the US median.
Top CFP, FA Salary Comparison
| Level | Rochester | National |
|---|---|---|
| Median (P50) | $98,424 | $108,537 |
| 75th Percentile | $209,472 | $182,624 |
| 90th Percentile (Top 10%) | $305,489 | $368,802 |
In Rochester, experienced financial advisors (P90) earn 210.38% more than the local median — reflecting the significant value of specialization and tenure in this market.
What Drives Top Financial Advisor Pay in Rochester
Advanced Certifications in Minnesota
MN financial advisors with additional specialty certifications within the financial planning field earn significantly above the $98,424 median. Expanded-scope credentials are increasingly valued by Rochester employers.
Specialty Focus
Financial Advisors focusing on high-acuity or specialty areas within the financial planning field in Rochester command premium compensation, often reaching the $209,472–$305,489 range.
Large Health-System & Multi-Site Experience
Large hospital systems and multi-site employers in the Rochester 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 Rochester 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 Rochester
Clinical Financial Advisor
0-5 yearsSenior/Lead Financial Advisor
5-10 yearsFinancial Advisor Department Manager
10+ yearsEducator / Specialty Leadership
AdvancedRochester ranks #3 of 44 Minnesota cities for top earner financial advisor salary (90th percentile: $305,489).
Top 10% financial advisor compensation in Rochester ($305,489) is 0.77% below the Minnesota average P90 ($307,853).
2019 BLS Actual
$141,570
2025 BLS Actual
$295,730
2026 Current Est.
$305,489
2019–2027 Growth
+122.9%
Salary Trajectory for Financial Advisors in Rochester (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $141,570 | Actual |
| 2025 | $295,730 | Actual |
| 2026(current) | $305,489 | Estimated |
| 2027 | $315,570 | Projected |
Top-earning financial advisors (90th percentile) in Rochester saw their compensation grow 108.9% from $141,570 in 2019 to $295,730 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 $315,570 by 2027, reflecting continued demand for clinical expertise and expanded-function credentials.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Rochester 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 Rochester
Advanced skill sets and strategic positioning significantly influence senior financial advisor pay in MN. Professionals specializing in high-net-worth private wealth, succession planning for business owners, or divorce financial planning can command higher salaries due to the complexity and value of their services. Compensation varies widely depending on the employer type; those at wirehouses often work on a commission basis, which can lead to substantial earnings, while independent RIAs typically operate on an assets under management (AUM) fee model. Pathways for career advancement are also diverse, with advisors moving from junior roles to partnerships or founding their own firms as they gain credentials such as the CFP or CFA. Non-salary compensation, including equity stakes in RIA firms and client concentration, can further amplify overall earnings for top-tier advisors in Rochester.
More salary data for Rochester, MN:
Frequently Asked Questions
How much do experienced financial advisors make in Rochester in 2026?
What drives higher financial advisor pay in Rochester?
What certifications boost financial advisor salary in Rochester?
Can experienced financial advisors make six figures in Rochester?
How much does financial advisor salary increase over time in Rochester?
Related Pages
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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 $295,730 for financial advisors in the Rochester 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
Source: BLS, OEWS, 2-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