Investment Advice Revenue Benchmarks

How much does the average investment advice business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$2.6M

per year

💰

Profit Margin

15.0%

industry average

📈

Revenue / Employee

$528K

per year

👤

Total Businesses

22,339

in the US

🏢

Est. Owner Income

$384K

small business avg

💵

Labor Cost

30.0%

of revenue

👥

Avg Employee Wage

N/A

per year (BLS)

💼

Market Saturation

6.7

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$417K
5-9 employees
$2.2M
10-19 employees
$5.8M
20-99 employees
$24.4M
100-499 employees
$71.4M
500+ employees
$172.3M

🏆 Highest Revenue States

1.New York$10.6M avg2.Illinois$4.4M avg3.Massachusetts$4.4M avg4.Connecticut$3.0M avg5.Maryland$2.8M avg6.Minnesota$2.8M avg7.Tennessee$2.4M avg8.California$2.3M avg9.Pennsylvania$2.3M avg10.Texas$2.3M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

10.96%

openings/year

Closure Rate

8%

closings/year

Net Job Growth

+4.95%

annual

Businesses Closed

4,532

in 2023

Firm Count Trend

19
20
21
22
23
46,606 firms52,814 firms

💡 Should You Start a Investment Advice Business?

Startup Cost

$50K – $250K

Break-Even

5 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Insurance Agencies and Brokerages$1.7MPortfolio Management$15.3MMiscellaneous Intermediation$4.2MMortgage and Nonmortgage Loan Brokers$3.3MSecurities Brokerage$31.8M

Compare Investment Advice revenue with other industries:

vs Insurancevs Portfoliovs Miscellaneous