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Where is it easiest to open: Miscellaneous Financial Investment Activities
41 states, side by side. Operator counts and wages from Census and BLS; licence records matched on “SOC 13-2052” (soc) for Personal Financial Advisors. A blank gate means NO RECORD MATCHED, which is not the same as no licence.
| State | Operators | Avg staff | Pay / employee | Gate | Licence titles matched |
|---|---|---|---|---|---|
| FL | 414 | 6.6 | $110,048 | licence | Central Registration Depository (CRD) |
| IL | 192 | 8.3 | $236,347 | licence | INVESTMENT ADVISOR REPRESENTATIVE |
| CA | 169 | 5.4 | $186,651 | licence | Investment Adviser Certificate; Professional Fiduciary License |
| TX | 146 | 26.6 | $101,957 | licence | SECURITIES DEALER/INVESTMENT ADVISOR |
| NY | 119 | 14.4 | $255,552 | not matched | — |
| MI | 88 | 1.9 | $72,976 | exam | Investment Advisor |
| NJ | 65 | 78.2 | $244,274 | not matched | — |
| PA | 64 | 9.9 | $108,475 | not matched | — |
| SC | 63 | 1.5 | $115,511 | not matched | — |
| MD | 56 | 7.7 | $66,193 | not matched | — |
| MN | 53 | 17.2 | $230,578 | licence | Financial Counselor or Planner; Investment Advisers and their Represen |
| CO | 43 | 11.0 | $172,804 | exam | Investment Advisory Representative |
| VA | 43 | 3.8 | $357,870 | not matched | — |
| GA | 34 | 2.7 | $77,398 | exam | Investment Advisor |
| LA | 31 | 2.1 | $72,515 | not matched | — |
| AZ | 29 | 1.7 | $110,708 | licence | Fiduciary; Investment Adviser |
| UT | 28 | 9.2 | $60,957 | licence | SECURITIES-INVESTMENT ADVISER |
| CT | 26 | 1.7 | $174,844 | not matched | — |
| OK | 25 | 6.2 | $86,853 | licence | Investment Adviser; Investment Adviser Representative |
| MA | 25 | 66.6 | $141,698 | exam | INSURANCE ADVISER; INVESTMENT ADVISER/REPRESENTATIVE |
| OH | 23 | 13.5 | $109,290 | not matched | — |
| NV | 19 | 2.2 | $98,119 | not matched | — |
| MO | 17 | 4.1 | $54,290 | not matched | — |
| NC | 17 | 2.6 | $163,800 | exam | Investment Adviser; Investment Adviser Representative |
| DE | 15 | 1.9 | $174,310 | not matched | — |
| KY | 14 | 22.3 | $96,865 | licence | Securities-Investment Adviser Represen |
| AL | 12 | 1.8 | $135,619 | exam | Licensed Personal Financial Advisor |
| DC | 12 | 9.4 | $183,301 | not matched | — |
| WA | 11 | 20.7 | $117,162 | exam | Financial Planner; Investment Advisor |
| TN | 11 | 11.8 | $105,577 | not matched | — |
| ND | 8 | 1.5 | $69,333 | exam | Investment Advisor Representatives; Investment Advisors |
| ID | 7 | 2.0 | $95,214 | exam | Securites Investment Advisors & Broker; Securities Sales Agents and Investment |
| NE | 4 | 3.0 | $93,583 | licence | Investment Adviser; Investment Adviser Representative |
| ME | 4 | 17.8 | $86,577 | exam | Investment Advisor |
| RI | 4 | 159.5 | $81,119 | licence | Investment Adviser Representative (IAR |
| NM | 4 | 0.8 | $112,333 | exam | Investment Advisers Representative |
| WY | 3 | 2.7 | $78,000 | not matched | — |
| NH | 3 | 442.0 | $57,969 | exam | Investment Adviser Agent |
| OR | 3 | 4.0 | $151,250 | licence | Investment Adviser Representative |
| MS | 3 | 1.7 | $104,600 | not matched | — |
| AK | 3 | 2.0 | $29,167 | licence | Investment Broker-Dealer and Related O |
Axes are shown side by side and deliberately NOT collapsed into a ranking. A composite would be a score with no measured interval, and an unmeasured score is the thing this product exists to argue against. A high licence gate is a cost to enter and a moat once cleared — which of those matters more is the operator's call, not ours.
Licence data courtesy of CareerOneStop, sponsored by the U.S. Department of Labor. Free to read, no account, always — a condition of the data licence as well as our own position.