According to the Bureau of Labor Statistics, almost one in 10 personal financial advisors are based in the New York metro area. While the Big Apple may be a hot spot for financial advisors, there are many other places where advisors are in high demand and have great job opportunities.
In a recent study, SmartAsset analyzed data to identify and rank the best cities for young financial advisors to start their careers. They compared 100 of the largest U.S. cities across five metrics: average financial advisor earnings, rent as a percentage of average financial advisor earnings, financial advisor search volume relative to population, percentage of high-earning households and percentage of the population nearing retirement. While the first two metrics look at the job situation for financial advisors, the last three focus on demand for advisory services.
Here are the 10 best cities for young advisors looking to start their careers:
