Application Fee
See agencyVerified by RI Board of Business
Financial Advisor Licensing in Rhode Island
Review current requirements, exam details, renewal cycle, and salary outlook for financial advisor in Rhode Island, including See agency and board contact links.
Last verified: Feb 12, 2026
Exam Requirement
State-approved examRenewal Cycle
See board renewal rulesLicensing Blueprint for Financial Advisor in Rhode Island
Estimated timeline: 6-24 monthsCore Requirements
- License Type: Stand-alone license
- Education: Varies by state board
- Examination: State-approved exam
- Application Fee: See agency
- Background Check: No criminal record prohibitions
Application Snapshot
- Licensing Authority
RI Department of Business Regulation • Division of Securities
- Current Filing Fee
See agency
- Renewal Cycle
See board renewal rules
- Salary Position
$100,880 median (1% below national)
- State Salary Rank
#19 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 Rhode Island
With a median salary of 100,880, Financial Advisors in Rhode Island earn 1% below the national median of $102,140. Rhode Island ranks #19 among 50 states. The typical licensing timeline is 6-24 months.
Median annual salary
$100,880Hourly estimate
$48.501% below national median
Difference: -$1,260
Percentile Distribution
Annual compensationFinancial Advisor Salary Ranking
#19 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 |
|---|---|---|---|---|
| Rhode Island | $100,880 | Varies by state board | State-approved exam | 6-24 months |
| Massachusetts | $101,320 | Varies by state board | State-approved exam | 6-24 months |
| Connecticut | $107,030 | 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 |
|---|---|---|---|
| Rhode Island | 72 | Medium | Background check or criminal history review is indicated. |
| Massachusetts | 72 | Medium | Background check or criminal history review is indicated. |
| Connecticut | 78 | High | Board-specific review required. |
- License status indicator: Active.
- Reciprocity and transfer rules vary by state board. Verify directly with the agency.
Official Licensing Agency
RI Department of Business Regulation • Division of Securities
1511 Pontiac Ave, Building 69-1, Cranston, RI, 02920
Phone: 4014629586
Related Careers in Rhode Island
| Profession | Median Salary | Education | Timeline |
|---|---|---|---|
| Architect | $106,950 | Specific course required | 6-24 months |
| Certified Public Accountant | $90,040 | Degree required | 6-24 months |
| Civil Engineer | $112,250 | Degree required | 6-24 months |
| Funeral Director | $51,990 | Degree required | 6-24 months |
FAQ
How long does it take to become a Financial Advisor in Rhode Island?
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 is the typical Financial Advisor salary in Rhode Island?
The median annual salary for Financial Advisors in Rhode Island is 100,880. Salaries range from $53,470 (10th percentile) to $206,300 (90th percentile).
How does the Financial Advisor salary in Rhode Island compare to the national average?
Financial Advisors in Rhode Island earn 1% below the national median of $102,140, with a state median of 100,880.
How many Financial Advisors work in Rhode Island?
Rhode Island employs approximately 1,290 Financial Advisors according to BLS data.
Can I transfer my Financial Advisor license to Rhode Island from another state?
Transfer requirements vary by board. License status indicator: Active. Reciprocity and transfer rules vary by state board. Verify directly with the agency.
Who is the licensing agency for Financial Advisors in Rhode Island?
The licensing agency is RI Department of Business Regulation / Division of Securities. Review agency details at https://dbr.ri.gov/insurance-banking-securities-and-charitable-organizations/securities-and-charities.