Name: Where Americans have the most and fewest financial advisors
Creator: Advicer.bio

Every state

#	State	Per 10,000 workers	1 advisor per	Advisors	Jobs
1	New Hampshire	43.5	230 workers	2,969	683,290
2	Connecticut	43.4	230 workers	7,360	1,696,170
3	Colorado	41.4	242 workers	11,899	2,873,900
4	Missouri	38.6	259 workers	11,340	2,936,050
5	New Jersey	38.2	262 workers	16,377	4,285,720
6	Rhode Island	38.1	263 workers	1,909	501,340
7	Minnesota	37.5	267 workers	11,057	2,949,820
8	Kansas	37.4	267 workers	5,379	1,437,520
9	New York	35.6	281 workers	34,456	9,688,000
10	Nebraska	35.4	283 workers	3,625	1,024,370
11	Florida	34.6	289 workers	34,315	9,929,860
12	Massachusetts	34.3	291 workers	12,484	3,637,650
13	Arizona	32.7	306 workers	10,588	3,239,430
14	Illinois	32.7	306 workers	19,915	6,098,130
15	Utah	31.2	321 workers	5,413	1,735,590
16	Iowa	30.2	331 workers	4,707	1,559,240
17	Pennsylvania	30.1	332 workers	18,260	6,064,600
18	Ohio	29.1	344 workers	16,141	5,550,180
19	Wisconsin	28.1	355 workers	8,279	2,941,540
20	North Carolina	27.9	359 workers	13,764	4,941,820
21	Michigan	27.4	364 workers	12,086	4,403,730
22	Washington	27.3	367 workers	9,677	3,550,970
23	Maryland	26.7	374 workers	7,385	2,763,030
24	Vermont	25.3	396 workers	768	303,890
25	Texas	24.9	402 workers	34,991	14,071,160
26	California	24.7	405 workers	44,964	18,213,700
27	Montana	24.5	409 workers	1,252	511,580
28	Virginia	23.6	424 workers	9,690	4,109,320
29	Georgia	23.4	428 workers	11,430	4,889,170
30	Delaware	23.4	428 workers	1,132	484,790
31	Idaho	23.2	431 workers	1,989	857,440
32	South Carolina	22.7	440 workers	5,239	2,305,080
33	Indiana	22.2	450 workers	7,120	3,201,220
34	Oregon	21.9	457 workers	4,306	1,967,130
35	South Dakota	21.7	460 workers	994	457,380
36	Kentucky	21.4	467 workers	4,286	2,000,360
37	Tennessee	20.8	481 workers	6,816	3,278,760
38	Hawaii	19.8	504 workers	1,244	627,530
39	Louisiana	19.8	506 workers	3,822	1,934,900
40	Maine	19.2	520 workers	1,232	640,610
41	Wyoming	18.9	528 workers	532	280,740
42	Washington, DC	18.9	529 workers	1,328	701,920
43	North Dakota	18.0	556 workers	773	429,430
44	Alabama	17.6	567 workers	3,728	2,113,660
45	Nevada	17.1	584 workers	2,657	1,551,540
46	Arkansas	16.0	624 workers	2,089	1,303,630
47	Oklahoma	15.8	634 workers	2,692	1,707,680
48	Alaska	12.7	785 workers	415	325,570
49	West Virginia	12.0	832 workers	843	701,610
50	New Mexico	11.6	860 workers	1,013	870,970
51	Mississippi	10.2	978 workers	1,189	1,163,030
	United States	28.2	355 workers	437,919	155,495,730

How we counted

Advisors: individuals with an active registration as an investment adviser representative in the SEC's public records (IAPD), counted once each in the state of their office. Updated weekly.
Workers: total wage and salary jobs in each state from the Bureau of Labor Statistics' Occupational Employment and Wage Statistics (May 2025). It doesn't count the self-employed. Updated yearly.
Both are counted where people work, not where they live, so states where many people commute in or out can look higher or lower than where their residents live would suggest.
Brokers who aren't registered investment adviser representatives aren't counted.
You're welcome to cite or chart these numbers. Please credit and link to Advicer.bio.

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Where Americans have the most and fewest financial advisors.

Most advisors per worker

Fewest advisors per worker

Every state

How we counted