How much does a Financial Advisor make in Melville, NY?
Financial Advisors in Melville, NY, often find that their career is both rewarding and stable. With an average yearly salary of $106,363, this role offers a good income. Various factors such as experience, education, and the type of clients they manage can influence earnings. For instance, those with more experience or specialized skills can earn more.
Here are some key salary points to consider:
- The lowest-paid advisors earn around $34,018 per year.
- The highest-paid advisors can make over $144,000 annually.
- A majority of advisors earn between $78,194 and $111,325 each year.
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 among top financial institutions. Prominent companies like Northern Trust and Citibank offer opportunities to work with clients aiming for financial success. The area's affluent clientele often seeks expert advice on investments and retirement planning.
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Farmingdale, NY
Average Salary: $116,580
Farmingdale provides a vibrant environment for financial consultants. Companies such as Fidelity Investments and Merrill Lynch are based here. These firms focus on long-term financial strategies for their clients, making Farmingdale an excellent place for those seeking stability and growth.
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Garden City, NY
Average Salary: $107,704
Garden City's financial sector offers a mix of corporate and independent opportunities. Financial advisors work with clients looking to manage wealth and investments. Major firms like UBS and Morgan Stanley provide robust platforms for professional development.
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Plainview, NY
Average Salary: $76,071
Plainview's financial advisors are in demand due to the area's high number of middle-class families. Working with firms like Chase and PNC, advisors help clients with budgeting, savings, and investment planning. The community's focus on financial stability makes it a rewarding place to work.
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Smithtown, NY
Average Salary: $48,200
Smithtown offers a mix of local and national financial opportunities. Companies such as Edward Jones and Raymond James provide comprehensive financial services. Advisors in this area help clients with personal finance, retirement, and estate planning.
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Bethpage, NY
Average Salary: $35,500
Bethpage's financial advisors work with both individuals and businesses. Local firms and branches of national banks offer various services. The area's professionals focus on creating customized financial plans to meet diverse client needs.
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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: $133,262
Northwestern Mutual offers rewarding Financial Advisor positions. This company values customer relationships and financial security. With offices in Melville, NY, and other locations, it provides a stable environment for career growth.
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New York Life
Average Salary: $99,919
At New York Life, Financial Advisors enjoy a strong average salary. The company is known for its commitment to innovation and customer service. It operates in Melville, NY, and various other locations, offering a dynamic work setting.
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Aegis Capital Corp
Average Salary: $66,170
Aegis Capital Corp provides Financial Advisor roles with a solid salary. This company focuses on delivering financial solutions and has offices in Melville, NY. It offers a great place to build a career in finance.
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Equitable
Average Salary: $26,862
Equitable offers Financial Advisor positions with competitive salaries. The company is known for its strong values and customer focus. With locations in Melville, NY, and beyond, it provides opportunities for professional development.
What are the best paying Financial Advisor related jobs in Melville, NY?

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Risk Management Director
Average Salary: $313,500
This role involves overseeing risk management strategies. Professionals work with firms to protect assets. This job plays a key part in decision-making processes.
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Risk Management Manager
Average Salary: $186,750
This position focuses on identifying potential risks. Managers develop plans to mitigate these risks. Companies rely on them to ensure financial stability.
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Investment Banker
Average Salary: $168,075
Investment bankers help companies raise capital. They work on mergers and acquisitions. Their expertise is crucial for businesses seeking to expand.
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Portfolio Manager
Average Salary: $133,886
Portfolio managers oversee investment portfolios. They make decisions to maximize returns. These professionals work for investment firms and financial institutions.
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Chief Risk Officer
Average Salary: $127,500
The CRO leads the risk management team. They assess potential risks that could impact the organization. Their goal is to minimize financial losses.
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Risk Specialist
Average Salary: $125,000
Risk specialists analyze data to identify risks. They create reports for management. This role is vital for companies to make informed decisions.
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Underwriting Consultant
Average Salary: $110,850
Underwriting consultants evaluate insurance applications. They assess the risk of insuring a client. Their decisions impact insurance companies' financial health.
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Wealth Management Advisor
Average Salary: $108,161
Advisors help individuals manage their wealth. They provide investment advice and plan for the future. Their expertise helps clients achieve financial goals.
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Underwriter
Average Salary: $101,537
Underwriters assess risk for insurance companies. They decide whether to provide coverage. Their role is crucial in the insurance industry.
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Analyst
Average Salary: $83,749
Analysts study financial data to provide insights. They help businesses make strategic decisions. Their work is essential for planning and growth.
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