Application Fee
See agencyVerified by NM Board of Business
Financial Advisor Licensing in New Mexico
Review current requirements, exam details, renewal cycle, and salary outlook for financial advisor in New Mexico, including See agency and board contact links.
Last verified: Feb 12, 2026
Exam Requirement
Third-party exam requiredRenewal Cycle
See board renewal rulesLicensing Blueprint for Financial Advisor in New Mexico
Estimated timeline: 6-24 monthsCore Requirements
- License Type: Stand-alone license
- Education: Varies by state board
- Examination: Third-party exam required
- Application Fee: See agency
- Experience: Work experience required
- Background Check: Background check required
- Continuing Education: No continuing education requirement to maintain license
Application Snapshot
- Licensing Authority
New Mexico Regulation & Licensing Department • New Mexico Securities Division
- Current Filing Fee
See agency
- Renewal Cycle
See board renewal rules
- Salary Position
$77,710 median (24% below national)
- State Salary Rank
#44 of 50 states
Step-by-Step Process (4)
- 1. Meet baseline eligibility requirements.
- 2. Complete approved education/training requirements.
- 3. Pass required exam(s) and submit application.
- 4. Maintain and renew license according to board rules.
Salary Insights in New Mexico
With a median salary of 77,710, Financial Advisors in New Mexico earn 24% below the national median of $102,140. New Mexico ranks #44 among 50 states. The typical licensing timeline is 6-24 months.
Median annual salary
$77,710Hourly estimate
$37.3624% below national median
Difference: -$24,430
Percentile Distribution
Annual compensationFinancial Advisor Salary Ranking
#44 of 50 statesfor Financial Advisor median salary
| Rank | State | Median Salary |
|---|---|---|
| #1 | New York | 167,970 |
| #2 | Idaho | 136,440 |
| #3 | California | 128,650 |
| #4 | Delaware | 128,170 |
| #5 | New Jersey | 123,690 |
Nearby States Comparison
Financial Advisor licensing across the region| State | Median Salary | Education | Exam | Timeline |
|---|---|---|---|---|
| New Mexico | $77,710 | Varies by state board | Third-party exam required | 6-24 months |
| Colorado | $85,580 | Specific course required | Third-party exam required | 6-24 months |
| Oklahoma | $73,020 | Varies by state board | State-approved exam | 6-24 months |
| Texas | $82,180 | No educational requirements | Both state and third-party exams required | 6-24 months |
| Arizona | $85,150 | Varies by state board | State-approved exam | 6-24 months |
| Utah | $67,210 | Varies by state board | State-approved exam | 6-24 months |
License by Endorsement
Transfer requirements are state-specific. Use this quick matrix as a planning signal, then verify final endorsement rules with each board.
| State | Reciprocity Score | Tier | Notes |
|---|---|---|---|
| New Mexico | 54 | Low | State-specific exam conditions may apply. Documented experience may be required. |
| Colorado | 56 | Medium | State-specific exam conditions may apply. Documented experience may be required. |
| Oklahoma | 72 | Medium | Background check or criminal history review is indicated. |
| Texas | 50 | Low | State-specific exam conditions may apply. Documented experience may be required. |
| Arizona | 78 | High | Board-specific review required. |
| Utah | 78 | High | Board-specific review required. |
- License status indicator: Active.
- Continuing education indicator: No continuing education requirement to maintain license.
- Reciprocity and transfer rules vary by state board. Verify directly with the agency.
Official Licensing Agency
New Mexico Regulation & Licensing Department • New Mexico Securities Division
2550 Cerrillos Road, Third Floor, P.O. Box 25101, Santa Fe, NM, 87505
Phone: 5054764500
Related Careers in New Mexico
| Profession | Median Salary | Education | Timeline |
|---|---|---|---|
| Architect | $77,070 | Specific course required | 6-24 months |
| Certified Public Accountant | $77,420 | Degree required | 6-24 months |
| Civil Engineer | $104,600 | Degree required | 6-24 months |
| Funeral Director | $45,970 | No educational requirements | 6-24 months |
FAQ
How long does it take to become a Financial Advisor in New Mexico?
Most applicants finish the licensing path in about 6-24 months, but timing can change based on education track, exam scheduling, and board processing.
What exams are required for Financial Advisors in New Mexico?
New Mexico lists Third-party exam required as part of the licensure process for Financial Advisors.
What is the typical Financial Advisor salary in New Mexico?
The median annual salary for Financial Advisors in New Mexico is 77,710.
How does the Financial Advisor salary in New Mexico compare to the national average?
Financial Advisors in New Mexico earn 24% below the national median of $102,140, with a state median of 77,710.
How many Financial Advisors work in New Mexico?
New Mexico employs approximately 570 Financial Advisors according to BLS data.
Can I transfer my Financial Advisor license to New Mexico from another state?
Transfer requirements vary by board. License status indicator: Active. Continuing education indicator: No continuing education requirement to maintain license. Reciprocity and transfer rules vary by state board. Verify directly with the agency.
Who is the licensing agency for Financial Advisors in New Mexico?
The licensing agency is New Mexico Regulation & Licensing Department / New Mexico Securities Division. Review agency details at https://www.rld.nm.gov/securities-division/.