How to Become a Personal Financial Advisors in Rhode Island
Personal Financial Advisors in Rhode Island earn a median salary of $100,880/year, which is 1% below the national average. Rhode Island has a state income tax of ~3.5%. After taxes and rent, a personal financial advisors takes home approximately $4,903/month. Most positions require Bachelor's degree.
What a personal financial advisors can afford in Rhode Island
Becoming a personal financial advisors in Rhode Island
Meet education requirements
Personal Financial Advisors positions in Rhode Island typically require Bachelor's degree. Programs are available at colleges and training institutions across Rhode Island. Research accredited programs in your area.
Gain required experience
Many personal financial advisors positions in Rhode Island require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Rhode Island licensure or certification
Rhode Island may require specific licensing or professional certification for personal financial advisorss. Requirements vary by state — contact the Rhode Island Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Rhode Island
Rhode Island employs 1,290 personal financial advisors. The highest concentrations are in Providence-Warwick.
Personal Financial Advisors salary by metro area in Rhode Island
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Providence-Warwick | $100K | $48.28/hr | 1,350 |
Personal Financial Advisors salary range in Rhode Island
Personal Financial Advisors careers in other states
Frequently asked questions
How much does a personal financial advisors make in Rhode Island?▼
The median personal financial advisors salary in Rhode Island is $100,880 per year ($48.5/hr). This is 1% below the national median of $102,140. Salaries range from $53,470 to $206,300.
What are the requirements to become a personal financial advisors in Rhode Island?▼
Personal Financial Advisors positions in Rhode Island typically require Bachelor's degree. Rhode Island may have specific licensing or certification requirements. Check with the Rhode Island licensing board or department of labor for current requirements.
Can a personal financial advisors afford to live in Rhode Island?▼
At the median salary of $100,880, a personal financial advisors in Rhode Island would take home approximately $6,315/month after taxes. With median 2-bedroom rent at $1,412/month, that's 22.4% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for personal financial advisors in Rhode Island?▼
The highest paying metro areas for personal financial advisors in Rhode Island are Providence-Warwick ($100,420). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Rhode Island have state income tax for personal financial advisors?▼
Yes, Rhode Island has a state income tax rate of approximately 3.5%. On a $100,880 salary, this means roughly $3,580/year in state income tax. Use our take-home pay calculator for a detailed breakdown.