Personal Financial Advisor Salary Information in New York

The average annual salaries for personal financial advisors in the state of New York are shown in Table 1. The comparison of the salary statistics of personal financial advisors amongst New York metropolitan areas is shown in Table 2. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].

Table 1 & 2. Annual Salary of Personal Financial Advisors in New York (2022 Survey)

Percentile bracketAverage annual salary
10th Percentile Wage
$65,510
25th Percentile Wage
$93,120
50th Percentile Wage
$167,000
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 $167,000. The average annual salary for the bottom 10 percent is $65,510.

Median salary trend (2012 to 2022)

The table and chart below show the trend of the median salary of personal financial advisors from 2012 to 2022.

YearMedian SalaryYearly Growth10-Year Growth
2022
$167,000
21.25% 41.25%
2021
$131,520
-9.73% -
2020
$144,320
1.61% -
2019
$141,990
3.63% -
2018
$136,830
-4.88% -
2017
$143,510
7.85% -
2016
$132,240
4.29% -
2015
$126,570
10.22% -
2014
$113,640
2.42% -
2013
$110,890
11.52% -
2012
$98,110
- -

Table 3. Median Annual Salary of Personal Financial Advisors in New York Cities (2022 Survey)

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 $73,880 to $167,850. The highest paying area for personal financial advisors in New York is New York-Northern New Jersey-Long Island with a median annual salary of $167,850. The second highest paying city/area in New York State is New York-White Plains-Wayne (mean annual salary $117,210). The lowest paying area is Syracuse with a median annual salary of $73,880.

Cities/Areas Median Annual Salary
New York-Northern New Jersey-Long Island
$167,850
New York-White Plains-Wayne
$117,210
Albany-Schenectady-Troy
$115,520
Utica-Rome
$109,340
Glens Falls
$103,550
Southwest New York nonmetropolitan area
$100,000
Rochester
$99,000
Ithaca
$98,650
Poughkeepsie-Newburgh-Middletown
$96,230
Watertown-Fort Drum
$92,410
Central New York nonmetropolitan area
$91,670
Nassau-Suffolk
$87,030
Elmira
$85,080
Binghamton
$83,560
Kingston
$82,080
Buffalo-Niagara Falls
$80,290
Capital-Northern New York nonmetropolitan area
$78,170
Central East New York nonmetropolitan area
$75,480
Syracuse
$73,880