1099 Financial Advisor Jobs in North Carolina
What independent personal financial advisors earn in North Carolina, where the work is, and what to charge.
- Financial Advisors employed
- 12,850
- State income tax
- Yes
BLS OEWS, May 2024
on top of federal
1099 Financial Advisor Jobs in North Carolina sits inside the wider 1099 economy, and most of the confusion around it comes down to the difference between gross contract value and what actually lands in your account. This page answers those with published data rather than generalities, for North Carolina specifically.
Sizing the opportunity in North Carolina
The occupation employs 12,850 people across North Carolina. That figure counts every employment arrangement, W-2 and 1099 alike — BLS does not split the two. Applying 1099WORK's estimate that roughly 50% of personal financial advisors work on a 1099 basis puts the independent share near 6,425 people. Treat that as an order of magnitude, not a census.
Concentration is the more interesting number. The location quotient is 1.50, meaning personal financial advisors make up a share of local employment 50% larger than they do nationally. Demand here is structural, not incidental.
A concentration that far above the national average means employers here are not incidental buyers of the skill — they are the reason the cluster exists, and they buy accordingly.
Where the personal financial advisors are in North Carolina
Statewide totals hide how concentrated the work is. These 8 metros account for the bulk of North Carolina's financial advisor employment:
| Metro | Employed | Median annual | Population |
|---|---|---|---|
| Charlotte | 5,420 | — | 2.9 million |
| Virginia Beach | 750 | $120,620 | 1.8 million |
| Raleigh | 1,910 | $106,470 | 1.6 million |
| Greensboro | 540 | $108,130 | 801,000 |
| Winston | 640 | $129,570 | 705,000 |
| Durham | 1,810 | $61,530 | 621,000 |
| Wilmington | 310 | $106,960 | 481,000 |
| Asheville | 360 | $117,730 | 422,000 |
What you owe in North Carolina
Nothing is withheld from a 1099 payment. You pay self-employment tax at 15.3% on 92.35% of net profit, plus income tax, in four estimated payments a year. North Carolina adds its own income tax and its own estimated-payment schedule on top.
The classification caveat
Labelling an engagement 1099 does not make it 1099 — the IRS weighs who controls the work, who supplies the tools and who carries the risk. For personal financial advisors the usual flashpoints are set schedules, employer-supplied equipment and exclusivity clauses. North Carolina also applies its own test, which can reach a different answer than the IRS does on identical facts.
Which trades run on contractors in North Carolina
Across the 81 occupations 1099WORK tracks, North Carolina has an estimated 518,731 people working on a 1099 basis, out of 1,656,760 employed in those occupations altogether. The concentration is uneven: registered nurses, laborers and freight, stock, and material movers, and heavy and tractor-trailer truck drivers account for a disproportionate share, because those trades are structurally independent rather than incidentally so. The 1099 estimates below apply 1099WORK's per-occupation contractor share to BLS employment — they are estimates, and BLS itself does not publish the split.
| Occupation | Total employed | Est. 1099 | Median pay | 1099 rate to match |
|---|---|---|---|---|
| Registered Nurse | 108,510 | 27,128 | $81,860 | $65.62/hr |
| Warehouse Worker | 113,330 | 22,666 | $36,080 | $28.92/hr |
| Truck Driver | 64,610 | 22,614 | $49,580 | $39.74/hr |
| Virtual Assistant | 45,740 | 20,583 | $43,010 | $34.48/hr |
| Cleaner | 53,170 | 18,610 | $32,630 | $26.16/hr |
| Handyman | 46,290 | 18,516 | $47,200 | $37.84/hr |
| Customer Service Rep | 91,980 | 18,396 | $39,530 | $31.69/hr |
| Home Health Aide | 59,880 | 17,964 | $30,100 | $24.13/hr |
| Software Developer | 57,590 | 17,277 | $131,000 | $105.01/hr |
| Delivery Driver | 37,860 | 17,037 | $38,800 | $31.10/hr |
| Bookkeeper | 48,160 | 16,856 | $46,640 | $37.39/hr |
| Sales Rep | 45,550 | 15,942 | $63,260 | $50.71/hr |
Highest-paying independent work in North Carolina
Software Developer leads on median pay in North Carolina at $131,000, with the top decile at $173,660. The table below is filtered to occupations where independent work is genuinely common — a high median in an occupation that is 95% W-2 is not an opportunity. Remember that every figure is a W-2-and-1099 blend: to match them as a contractor, multiply by roughly 1.33 for payroll tax, unpaid time and self-funded benefits.
| Occupation | Median pay | 90th percentile | Est. 1099 share |
|---|---|---|---|
| Software Developer | $131,000 | $173,660 | 30% |
| Medical Sales Rep | $105,640 | $201,510 | 45% |
| Consultant | $98,700 | $166,490 | 40% |
| Physical Therapist | $96,670 | $121,380 | 30% |
| Programmer | $95,770 | $139,110 | 35% |
| Occupational Therapist | $94,580 | $119,010 | 30% |
| Web Developer | $94,070 | $150,850 | 45% |
| Architect | $87,990 | $140,700 | 30% |
| Technical Writer | $87,330 | $150,100 | 45% |
| Marketing Specialist | $77,360 | $139,980 | 30% |
Where to look next
1099WORK is a marketplace built for 1099 engagements specifically: companies post a defined scope, personal financial advisors keep one verified profile, and agreements, onboarding and payment happen in the same place. It launched as 1099REPS for independent medical sales reps and now covers the wider 1099 economy, North Carolina included.
Frequently asked questions
Is 1099 work better than a W-2 job in North Carolina?
It depends entirely on rate and stability. 1099 wins on control, deductibility and upside; W-2 wins on predictability, benefits and unemployment cover.
Do I need an LLC to work 1099 in North Carolina?
No. A sole proprietor can accept 1099 work under their own name and Social Security number, and many contractors start that way. An LLC adds liability separation and lets you elect S-corp taxation once profit is high enough for the payroll-tax saving to beat the extra filing cost. North Carolina sets its own formation fee and annual report requirements.
How often do 1099 contractors pay taxes in North Carolina?
Quarterly. The IRS expects estimated payments in mid-April, mid-June, mid-September and mid-January, and charges an underpayment penalty for missing them even if you pay in full at filing. North Carolina runs its own estimated-payment schedule alongside the federal one.
How many personal financial advisors work in North Carolina?
BLS counts 12,850 personal financial advisors in North Carolina. 1099WORK estimates roughly 6,425 of them work on a 1099 basis, though BLS does not publish that split.