Financial Advisor Salary in Sarasota, FL: $86,067 (2026)
Quick Answer:A full-time financial advisor in Sarasota, FL earns a median $86,067/year (≈ $41.38/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Sarasota's price level (1% above national, BEA RPP 100.8), that paycheck buys what $85,384 would nationally. Nominal pay sits 13.4% below the Florida state average.
Based on BLS state-level estimates · View source
The financial advisor salary in Sarasota, FL, is projected to be around $86,067 in 2026, which is notably lower than the national median of $108,537. Salaries in this city demonstrate a wide range, from $49,919 at the 10th percentile to $133,405 at the 90th percentile, reflecting different income potentials influenced by the firm's business model. This disparity largely stems from the ongoing structural divide between traditional wirehouses and Registered Investment Advisors (RIAs). Financial advisors in Sarasota may find their earnings significantly impacted by whether they opt for a fiduciary fee-based compensation model, common among RIAs, or a commission-based structure prevalent at wirehouse firms. As the local job market includes just 10 financial advisors, competition remains relatively limited, signaling a niche opportunity for skilled financial planning professionals in the area.
About the Sarasota Market
Salary estimated from Florida average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $49,919 | $24.00 |
| Lower Range (P25) | $61,969 | $29.79 |
| Median (P50)(typical) | $86,067 | $41.38 |
| Upper Range (P75) | $110,166 | $52.96 |
| Top Earners (P90) | $133,405 | $64.14 |
Median Salary Position
20.7% below the national average
2026 Salary Percentile Distribution in Sarasota
In Sarasota, FL, the financial advisor salary spread from the 10th to 90th percentile is $83,486 (2026 est.). At $86,067, the local median is 20.7% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Sarasota: You'd be in the lower-middle range
How Sarasota Financial Advisor Pay Compares
Sarasota median: $86,067/year (2026)
| Compared To | Median Salary | Sarasota Pays |
|---|---|---|
| Florida Average | $99,385 | -13.40% less |
| National Average | $108,537 | -20.70% less |
Financial Advisors in Sarasota, FL earn a median of $86,067 per year (2026 est.), which is 20.70% lower than the national median of $108,537 and 13.40% below the Florida state average of $99,385.
Cost-of-Living Adjusted Salary
Sarasota has a cost of living 0.80% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Sarasota, FL has a cost-of-living index of 100.8 (above the national average of 100). While the nominal salary of $86,067 is competitive, the higher cost of living reduces purchasing power to an effective $85,384 — a 0.79% reduction.
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2019 BLS Actual
$69,663
2025 BLS Actual
$83,318
2026 Current Est.
$86,067
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Sarasota (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $69,663 | Actual |
| 2020 | $70,837 | Actual |
| 2021 | $74,675 | Actual |
| 2022 | $75,642 | Actual |
| 2023 | $78,965 | Actual |
| 2024 | $109,375 | Actual |
| 2025 | $83,318 | Actual |
| 2026(current) | $86,067 | Estimated |
| 2027 | $88,908 | Projected |
Based on 7 years of BLS OEWS data for the Sarasota metropolitan area, the median financial advisor salary grew 19.6% from $69,663 (2019) to $83,318 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $88,908 by 2027 — a total increase of $19,245 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Sarasota 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 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $49,919 – $61,969 |
| 3-5 years (Mid Career) | $61,969 – $86,067 |
| 5+ years (Experienced) | $86,067 – $110,166 |
| 10+ years (Top Earner) | $110,166 – $133,405 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Sarasota
Understanding financial advisor pay in Sarasota, FL, involves assessing the local employment landscape and cost of living factors. With a cost-of-living index set at 100.8, advisors’ take-home purchasing power is slightly above the national average, which enhances the appeal of the compensation structures available in the area. Among the highest-paying employers, wirehouses like Morgan Stanley and Merrill Lynch tend to offer robust commission packages, while independent broker-dealers and RIAs emphasize asset-under-management (AUM) revenue streams, potentially rewarding advisors with higher base fees. The variance in compensation largely correlates with advisor credentials and client demographics, where those holding CFP or CFA designations, or managing high-net-worth clients, often command higher fees. To maximize pay in Sarasota’s market, new advisors should focus on building a substantial AUM, developing a robust clientele through networking, and considering a transition to an RIA model for enhanced financial returns.
More salary data for Sarasota, FL:
Frequently Asked Questions
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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
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $83,318 for financial advisorsin the Sarasota metropolitan area. A 3.30% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Sarasota 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