Personal Financial Advisor Salary Information in New York

The average annual and hourly salaries for personal financial advisors in the state of New York are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of personal financial advisors among New York areas is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2016 and published in April 2017 [1].

Table 1 & 2. Annual & Hourly Salary of Personal Financial Advisors in New York

Percentile BracketAverage Annual Salary
10th Percentile Wage
$46,610
25th Percentile Wage
$71,910
50th Percentile Wage
$132,240
75th Percentile Wage
$185,030
90th Percentile Wage
No Data

Table 1 shows the average annual salary for personal financial advisors in New York in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $185,030. The median (50th percentile) annual salary is $132,240. The average annual salary for the bottom 10 percent is $46,610.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$22.41
25th Percentile Wage
$34.57
50th Percentile Wage
$63.58
75th Percentile Wage
$88.96
90th Percentile Wage
No Data

Table 2 shows the average hourly salary for personal financial advisors in New York in 5 percentile scales. The average hourly salary for the 75th percentile wage is $88.96. The median hourly salary is $63.58. The average hourly salary for the bottom 10 percent is $22.41.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of personal financial advisors from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
2016132,2404.29%25.81%
2015126,57010.22%-
2014113,6402.42%-
2013110,89011.52%-
201298,110--

Table 3. Median Annual Salary of Personal Financial Advisors in New York Cities

Table 3 shows the median annual salary of personal financial advisors in some New York cities and metropolitan areas. We note that the median annual salary of personal financial advisors in state of New York ranges from $49,240 to $136,590. The highest paying area for personal financial advisors in New York is Rochester with a median annual salary of $136,590. The second highest paying city/area in New York State is New York-Northern New Jersey-Long Island (mean annual salary $130,380). The lowest paying area is Syracuse with a median annual salary of $49,240.

Cities/Areas Median Annual Salary
Rochester
$136,590
New York-Northern New Jersey-Long Island
$130,380
New York-White Plains-Wayne
$117,210
Poughkeepsie-Newburgh-Middletown
$96,230
Nassau-Suffolk
$96,080
Albany-Schenectady-Troy
$85,810
Southwest New York nonmetropolitan area
$73,820
Capital-Northern New York nonmetropolitan area
$62,450
Utica-Rome
$56,700
Syracuse
$49,240


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Highest paying cities for personal financial advisors

Highest paying industries for personal financial advisors.