Launch Your Financial Advisor
Career in Minnesota
Get matched with top broker-dealer firms in Minneapolis, St. Paul, Bloomington, and Rochester. No experience required — we provide Series 7 sponsorship, training, and career support.
Why Choose Minnesota for Your Financial Advisor Career?
The North Star State offers exceptional opportunities for financial professionals — Fortune 500 headquarters, strong economy, and educated population.
Minnesota Advantage
Fortune 500 Hub
Home to 18 Fortune 500 companies including Ameriprise Financial headquarters
Educated Population
High education levels and median income create strong client base
Stable Economy
Diverse economy across finance, healthcare, retail, and manufacturing
Financial Advisor Opportunities by City
Explore career opportunities across Minnesota's major metropolitan areas
Minneapolis
Population: 430K
Top Firms:
Ameriprise Financial, U.S. Bancorp, Thrivent Financial, Wells Fargo
Market Highlights:
Fortune 500 headquarters (Ameriprise HQ), strong financial services sector, corporate wealth, thriving downtown
St. Paul
Population: 311K
Top Firms:
Ameriprise Financial, Wells Fargo Advisors, Edward Jones, Raymond James
Market Highlights:
State capital, insurance industry hub, government employees, established wealth
Bloomington
Population: 90K
Top Firms:
Ameriprise Financial, Morgan Stanley, UBS, Raymond James
Market Highlights:
Corporate headquarters, Mall of America area, affluent suburbs, business executives
Rochester
Population: 121K
Top Firms:
Mayo Clinic Federal Credit Union, Edward Jones, Ameriprise Financial, Raymond James
Market Highlights:
Mayo Clinic medical professionals, healthcare wealth, high education levels, stable economy
Financial Advisor Career Paths in Minnesota
Multiple specializations and income trajectories available across the state
Financial Advisor
Comprehensive wealth management for individuals and families across Minnesota metro areas
Investment Representative
Securities trading and portfolio management for retail and institutional clients
Wealth Manager
High-net-worth client services specializing in corporate, healthcare, and insurance wealth
Retirement Specialist
401(k) planning, pension rollovers, and retirement income strategies
Minnesota Licensing Requirements
What you need to become a licensed financial advisor in Minnesota
Series 7 License
General Securities Representative exam — required for all financial advisors. Covers equity, debt, options, and regulations.
125 questions • 225 minutes • 72% passing score
Series 66 or Series 63 License
Uniform Combined State Law exam (Series 66) or Uniform Securities Agent State Law (Series 63) — required in Minnesota for state registration.
Series 66: 100 questions • 150 minutes • 73% passing score
Minnesota State Registration
Register with the Minnesota Department of Commerce through your sponsoring firm's compliance department.
Completed after passing Series 7 and 66/63 exams
We Handle Everything
We match you with a sponsoring firm, provide exam prep materials, schedule your tests, and guide you through Minnesota state registration — all at no cost to you.
Minnesota Financial Advisor Salary Progression
Typical earnings trajectory from entry-level to senior advisor
Entry Level
Years 1-2 • Building client base
- Base salary + commissions
- Training stipend
- Mentorship support
Mid-Career
Years 3-7 • Established book
- Growing AUM
- Recurring revenue
- Performance bonuses
Senior Level
Years 8+ • Top producer
- High-net-worth clients
- Team leadership
- Equity/ownership
Minnesota Financial Advisor Career FAQ
Common questions about starting your career in Minnesota
Do I need a college degree to become a financial advisor in Minnesota?
No college degree is required to become a licensed financial advisor in Minnesota. However, you must pass the Series 7 exam and be sponsored by a FINRA-registered broker-dealer. Many firms prefer candidates with bachelor's degrees in finance, business, or economics, but it's not mandatory. We connect candidates of all educational backgrounds with sponsoring firms throughout Minnesota.
How much do financial advisors make in Minnesota?
Minnesota financial advisors earn a median salary of $90,000, with entry-level advisors starting around $50K-$72K and experienced advisors earning $145K-$460K+. Top earners in Minneapolis and Bloomington metro areas can exceed $850K annually. Minnesota offers a strong economy with Fortune 500 companies providing excellent client opportunities. Compensation typically includes base salary plus commissions and bonuses.
What licenses do I need to work as a financial advisor in Minnesota?
To work as a financial advisor in Minnesota, you need: (1) Series 7 license (General Securities Representative), (2) Series 66 license (Uniform Securities Agent State Law and Investment Advisor) or Series 63, and (3) registration with the Minnesota Department of Commerce. Some firms may also require Series 65 for investment advisory services. We help you obtain all required licenses through our sponsoring firms and training programs.
Which Minnesota cities have the most financial advisor opportunities?
Minneapolis offers the most opportunities due to its concentration of Fortune 500 headquarters, especially Ameriprise Financial. St. Paul has strong demand from insurance and government sectors. Bloomington offers affluent suburban markets. Rochester provides opportunities serving Mayo Clinic medical professionals. Other cities with opportunities include Eden Prairie, Edina, and Minnetonka. We have sponsoring firms in all major Minnesota metro areas.
How long does it take to become a licensed financial advisor in Minnesota?
The typical timeline is 4-8 months from registration to full licensure. This includes: firm matching (2-4 weeks), Series 7 exam prep (2-3 months), passing the exam, Series 66 prep and exam (2-4 weeks), and Minnesota state registration (1-2 weeks). Our structured program helps you stay on track and complete the process efficiently.
Is Minnesota a good state for financial advisor careers?
Yes — Minnesota is an excellent state for financial advisors. Benefits include: strong job growth (11% projected through 2034), Fortune 500 concentration (18 headquarters including Ameriprise Financial), diverse client base across finance, healthcare, insurance, and retail sectors, educated population with high median income, and 350+ broker-dealer firms operating statewide. Minnesota's stable economy and quality of life create excellent long-term career prospects.
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