How much does a Financial Advisor make in Melville, NY?
Financial Advisors in Melville, NY, earn a solid income. The average yearly salary for this role is around $102,915. This figure reflects the expertise and responsibility that come with managing clients' financial futures. The salary range can vary widely, with some advisors earning as little as $34,018 and others reaching up to $150,000 annually.
Several factors influence these earnings. Experience plays a key role, with more seasoned advisors typically earning more. Education and certifications also impact salary levels. Advisors who hold advanced degrees or specialized credentials may command higher pay. Additionally, the size and reputation of the financial firm can affect earnings. Larger firms often offer more competitive salaries and benefits packages. Job seekers should consider these factors when looking for opportunities in Melville, NY.
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 and growth. With prominent firms like UBS and Morgan Stanley, advisors have access to a wealth of resources and clients seeking expert guidance. The competitive salary of $160,625 makes it an attractive place for those in the field.
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Farmingdale, NY
Average Salary: $112,860
Farmingdale offers a vibrant environment for financial advisors, with companies like Fidelity Investments and Charles Schwab providing ample opportunities. Working here means being part of a community that appreciates financial planning and security. The average salary of $112,860 reflects the value placed on financial expertise.
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Garden City, NY
Average Salary: $108,726
Garden City is a hub for financial services, with many advisors working for firms like Goldman Sachs and Merrill Lynch. The city's focus on financial stability and growth makes it an ideal place for professionals. The salary of $108,726 is competitive, offering a good balance of work and lifestyle.
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Plainview, NY
Average Salary: $79,500
In Plainview, financial advisors find a supportive community with a focus on financial planning. Working here means collaborating with firms like Edward Jones and Vanguard. The average salary of $79,500 is attractive, providing a good quality of life. The city values financial expertise and stability.
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Smithtown, NY
Average Salary: $48,200
Smithtown offers a welcoming environment for financial advisors, with companies like JP Morgan Chase and Bank of America present. The city values financial planning and security, making it a great place to work. The average salary of $48,200 is reasonable, offering a good start for those entering the field.
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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: $125,594
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 focus on client relationships and offer competitive salaries. The company operates in Melville, NY, and across the country.
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Principal Financial Group
Average Salary: $69,230
Principal Financial Group provides diverse opportunities for Financial Advisors. They emphasize career growth and offer solid benefits. This company operates in Melville, NY, and other locations.
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Aegis Capital Corp
Average Salary: $66,170
Aegis Capital Corp offers a dynamic environment for Financial Advisors. They focus on innovation and client satisfaction. The company operates in Melville, NY, and other key areas.
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Equitable
Average Salary: $26,862
Equitable provides entry-level opportunities for Financial Advisors. They offer training and growth potential. The company operates in Melville, NY, and other regions.
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 financial risks. Companies like Goldman Sachs and Morgan Stanley in Melville, NY, seek professionals to protect their investments. They work closely with clients to develop strategies that minimize potential losses.
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Investment Banker
Average Salary: $168,075
Investment bankers help companies raise capital and manage mergers. Firms such as JPMorgan Chase and Citigroup in Melville, NY, look for skilled bankers. They advise clients on financial decisions and transactions, ensuring they achieve their goals.
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Portfolio Manager
Average Salary: $133,886
Portfolio managers oversee investment portfolios for clients. Wealth management firms like Fidelity and BlackRock in Melville, NY, hire these professionals. They analyze market trends and make decisions to maximize returns while managing risks.
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Chief Risk Officer
Average Salary: $127,500
Chief Risk Officers lead the risk management strategy for an organization. Companies such as American Express and Capital One in Melville, NY, need these leaders. They ensure the company complies with regulations and protects against financial threats.
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Risk Specialist
Average Salary: $125,000
Risk specialists focus on identifying and mitigating risks. Insurance companies like MetLife and AXA in Melville, NY, employ these experts. They assess potential risks and develop plans to address them, ensuring the company's stability.
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Underwriting Consultant
Average Salary: $111,938
Underwriting consultants evaluate the risk of insuring clients. Firms such as AIG and Chubb in Melville, NY, hire these professionals. They analyze data and make recommendations to underwriters, helping to set insurance terms.
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Wealth Management Advisor
Average Salary: $107,014
Wealth management advisors help clients manage their investments. Companies like UBS and Merrill Lynch in Melville, NY, seek these advisors. They provide personalized financial advice, helping clients achieve their financial goals.
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Underwriter
Average Salary: $95,959
Underwriters assess the risk of insuring clients. Insurance firms like Allstate and Nationwide in Melville, NY, need these professionals. They review applications and determine the terms of insurance policies, ensuring the company's risk is managed.
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Analyst
Average Salary: $86,574
Analysts gather and interpret financial data. Investment firms like BlackRock and Vanguard in Melville, NY, hire these professionals. They provide insights that help in making informed financial decisions, supporting the company's growth.
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