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Financial Advisor Salary in New York

New York was the top-paying state for personal financial advisors in the nation in 2010, according to the Bureau of Labor Statistics (BLS). There were 23,500 personal financial advisors working in New York that year, earning an average annual salary of $136,910. Salaries for these professionals earning in the 75th and 90th percentiles were beyond the BLS reporting ceiling, meaning they were equal to or greater than $166,400 annually.

Personal financial advisors in the White Plains area made the highest average salary in the state at $142,000. Those working in the Utica-Rome area were close behind with an average of $140,180.

Area name
Employment
Annual mean salary
Albany-Schenectady-Troy, NY
670
$106,580
Binghamton, NY
50
$100,890
Buffalo-Niagara Falls, NY
430
$99,860
Kingston, NY
40
Not Released
Nassau-Suffolk, NY Metropolitan Division
2,060
$117,860
New York-Northern New Jersey-Long Island, NY-NJ-PA
23,410
$136,570
New York-White Plains-Wayne, NY-NJ Metropolitan Division
19,810
$142,000
Poughkeepsie-Newburgh-Middletown, NY
170
$104,010
Rochester, NY
560
$83,600
Syracuse, NY
220
$107,690
Utica-Rome, NY
60
$140,180
Capital/Northern New York nonmetropolitan area
50
Not Released
Southwest New York nonmetropolitan area
70
$79,080

 

Stockbroker Salary in New York

In 2010, securities, commodities, and financial services sales agents working in New York earned the second-highest average salary when compared to their counterparts in other states. These 39,930 financial professionals made an average of $129,620. Those in the top 25 and top 10 percent earned wages equal to or higher than $166,400. Securities professionals working in the White Plains area earned comparable salaries at $128,330, as did those in the Buffalo-Niagara Falls area at $126,780.

Area name
Employment
Annual mean salary
Albany-Schenectady-Troy, NY
490
$81,770
Binghamton, NY
120
$110,120
Buffalo-Niagara Falls, NY
1,030
$126,780
Kingston, NY
70
$80,140
Nassau-Suffolk, NY Metropolitan Division
2,280
$89,560
New York-Northern New Jersey-Long Island, NY-NJ-PA
49,260
$122,340
New York-White Plains-Wayne, NY-NJ Metropolitan Division
40,790
$128,330
Poughkeepsie-Newburgh-Middletown, NY
140
$74,950
Rochester, NY
540
$101,130
Syracuse, NY
320
$106,260
Capital/Northern New York nonmetropolitan area
90
$42,500
Central New York nonmetropolitan area
60
Not Released
Southwest New York nonmetropolitan area
110
$70,460

 

Life/Annuity Producer Salary in New York

Insurance sales agents in New York made the fourth-highest salary of all agents in the nation. These 18,260 agents earned an average of $76,880. Those earning salaries in the top 25 percent earned $87,080 on average, and the top 10 percent averaged $150,170. Some of the highest paying areas were Glen Falls, where the average was $131,570, and the East Central New York nonmetropolitan area, where they earned $93,110 on average.

Area name
Employment
Annual mean salary
Albany-Schenectady-Troy, NY
860
$82,040
Binghamton, NY
200
$73,220
Buffalo-Niagara Falls, NY
990
$67,670
Elmira, NY
70
$54,060
Glens Falls, NY
60
$131,570
Ithaca, NY
60
$73,880
Kingston, NY
100
$83,180
Nassau-Suffolk, NY Metropolitan Division
4,830
$78,010
New York-Northern New Jersey-Long Island, NY-NJ-PA
18,540
$78,750
New York-White Plains-Wayne, NY-NJ Metropolitan Division
9,040
$82,680
Poughkeepsie-Newburgh-Middletown, NY
490
$49,590
Rochester, NY
860
$57,790
Syracuse, NY
720
$61,490
Utica-Rome, NY
310
$52,280
Capital/Northern New York nonmetropolitan area
230
$63,240
East Central New York nonmetropolitan area
100
$93,110
Central New York nonmetropolitan area
200
$65,680
Southwest New York nonmetropolitan area
380
$41,980

Salary and employment data compiled by the United States Department of Labor’s Bureau of Labor Statistics in May of 2010. These estimates do not include self-employed financial advisors. The Bureau of Labor Statistics always expresses salaries equal to or greater than $166,400 (hourly wage of $80.00) as such and doesn’t provide estimates beyond these totals.