How much does a Financial Advisor make in Melville, NY?
A Financial Advisor in Melville, NY, earns an average yearly salary of $103,481. This figure reflects the median income for those in the field. Financial Advisors help people manage their money, plan for the future, and make smart investment choices. Their work is crucial for helping individuals achieve their financial goals.
The salary range for Financial Advisors in Melville, NY, varies. The lowest 10% earn around $34,018, while the highest 10% earn over $150,000. Most advisors fall somewhere in between these numbers. Factors like experience, client base, and the financial institution they work for can affect their earnings. Those with more experience and a larger client base often earn more.
What are the highest paying cities for a Financial Advisor near Melville, NY?

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Syosset, NY
Average Salary: $160,625
In Syosset, financial professionals thrive in a community that values financial stability. With companies like North American Financial Services, advisors have the chance to work with clients seeking personalized financial planning. The area offers a mix of suburban charm and professional opportunities.
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Farmingdale, NY
Average Salary: $115,703
Farmingdale provides a vibrant environment for financial advisors. Here, professionals can work with firms such as UBS and Morgan Stanley. The city's growing economy and diverse clientele make it an exciting place for those in the financial sector.
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Garden City, NY
Average Salary: $109,892
Garden City is known for its affluent residents and strong financial institutions. Advisors here can find opportunities with companies like Merrill Lynch. The city's focus on wealth management and financial services creates a dynamic work environment.
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Plainview, NY
Average Salary: $79,500
In Plainview, financial advisors enjoy a community that values financial expertise. With firms like Edward Jones, professionals can offer tailored financial solutions. The area's commitment to financial health makes it a rewarding place to work.
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Smithtown, NY
Average Salary: $48,200
Smithtown offers a mix of suburban living and professional opportunities for financial advisors. Working with companies like Fidelity, professionals here can help clients achieve their financial goals. The city's growing economy supports a strong demand for financial services.
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Bethpage, NY
Average Salary: $35,400
Bethpage provides a supportive environment for financial professionals. With firms like Charles Schwab, advisors can offer comprehensive financial planning. The city's focus on financial well-being creates a fulfilling work experience for those in the industry.
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What are the best paying companies for a Financial Advisor in Melville, NY?

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Northwestern Mutual
Average Salary: $129,149
Northwestern Mutual offers rewarding Financial Advisor positions. They provide comprehensive training and support. This company operates nationwide, with a strong presence in Melville, NY.
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New York Life
Average Salary: $99,410
New York Life is a top choice for Financial Advisors. They offer competitive salaries and a supportive work environment. The company has offices in Melville, NY, and many other locations.
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Principal Financial Group
Average Salary: $69,230
Principal Financial Group provides excellent opportunities for Financial Advisors. They focus on career growth and offer benefits. This company operates in Melville, NY, and other key areas.
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Aegis Capital Corp
Average Salary: $66,170
Aegis Capital Corp offers Financial Advisor roles with a good salary. They emphasize teamwork and professional development. The company is located in Melville, NY, and serves clients in various regions.
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Equitable
Average Salary: $26,862
Equitable provides entry-level Financial Advisor positions. They offer training and growth opportunities. The company operates in Melville, NY, and other locations.
What are the best paying Financial Advisor related jobs in Melville, NY?

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Risk Management Manager
Average Salary: $186,750
This role involves assessing and managing risks for companies. It requires a keen eye for detail and strong analytical skills. Companies like Goldman Sachs and Morgan Stanley offer such positions.
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Investment Banker
Average Salary: $168,075
Investment bankers help clients with mergers, acquisitions, and raising capital. They need excellent communication and negotiation skills. JPMorgan Chase and Citigroup are prominent firms in this field.
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Portfolio Manager
Average Salary: $133,886
Portfolio managers oversee investment portfolios for clients. They must understand market trends and investment strategies. Firms like BlackRock and Fidelity Investments provide these opportunities.
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Chief Risk Officer
Average Salary: $127,500
This position involves overseeing the risk management strategy of a company. It requires leadership and strategic thinking. Companies like American Express and Visa often seek CROs.
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Risk Specialist
Average Salary: $125,000
Risk specialists analyze and mitigate risks for organizations. They need strong analytical skills and attention to detail. Companies like MetLife and Prudential offer these roles.
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Underwriting Consultant
Average Salary: $110,850
Underwriting consultants assess risks for insurance companies. They need to understand insurance policies and market trends. Firms like AIG and Chubb are known for these positions.
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Wealth Management Advisor
Average Salary: $108,106
Wealth management advisors help clients manage their investments and assets. They need strong communication and financial planning skills. Companies like Edward Jones and Merrill Lynch offer these roles.
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Underwriter
Average Salary: $97,295
Underwriters evaluate risks for insurance companies. They need to analyze data and make informed decisions. Companies like Allstate and State Farm offer underwriter positions.
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Analyst
Average Salary: $86,574
Analysts gather and interpret data to help companies make informed decisions. They need strong analytical and problem-solving skills. Firms like Goldman Sachs and Morgan Stanley offer these positions.
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