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Financial Advisor Licensing in New York

Review current requirements, exam details, renewal cycle, and salary outlook for financial advisor in New York, including See agency and board contact links.

Last verified: Feb 17, 2026

Current

Application Fee

See agency

Exam Requirement

Third-party exam required

Renewal Cycle

See board renewal rules

Licensing Blueprint for Financial Advisor in New York

Estimated timeline: Varies by board

Core Requirements

  1. 1

    Education: No educational requirements.

  2. 2

    License Type: Stand-alone license.

Exam and processing details

  • Third-party exam required

Application Snapshot

  1. Licensing Authority

    NYS Department of Financial Services • Applications and Licensing

  2. Current Filing Fee

    See agency

  3. Renewal Cycle

    See board renewal rules

  4. Salary Position

    $167,970 median (64% above national)

  5. State Salary Rank

    #1 of 50 states

Step-by-Step Process (4)

  1. 1. Meet New York eligibility requirements for Financial Advisor licensure.
  2. 2. Complete required education or training: No educational requirements.
  3. 3. Pass required examination steps: Third-party exam required.
  4. 4. Submit the application to NYS Department of Financial Services~Applications and Licensing and monitor board communications.

Salary Insights in New York

With a median salary of $167,970, Financial Advisors in New York earn 64% above the national median of $102,140. New York ranks #1 among 50 states. The typical licensing timeline is Varies by board.

State Hiring Climate (QCEW)

Steady

QoQ Employment Change

+1.1%

Average Weekly Wage

$1,739

Median annual salary

$167,970

Hourly estimate

$80.75
64% above national median

Difference: +$65,830

Percentile Distribution

Annual compensation
  • P1010th percentile$70,210
  • P2525th percentile$99,150
  • P50Median$167,970
  • P7575th percentileN/A
  • P9090th percentileN/A

State vs National Median

State: $167,970
National: $102,140

Total employment: 28,820 | Annual openings: N/A

Financial Advisor Salary Ranking

#1 of 50 statesfor Financial Advisor median salary
RankStateMedian Salary
#1New York$167,970
#2Idaho$136,440
#3California$128,650
#4Delaware$128,170
#5New Jersey$123,690

Nearby States Comparison

Financial Advisor licensing across the region
StateMedian SalaryEducationExamTimeline
New York$167,970No educational requirementsThird-party exam requiredVaries by board
Vermont$81,360No educational requirementsThird-party exam requiredVaries by board
Massachusetts$101,320Varies by state boardState-approved examVaries by board
Connecticut$107,030Varies by state boardState-approved examVaries by board
New Jersey$123,690Varies by state boardState-approved examVaries by board
Pennsylvania$103,290Degree requiredState exam requiredVaries by board

License by Endorsement

Transfer requirements are state-specific. Use this quick matrix as a planning signal, then verify final endorsement rules with each board.

StateReciprocity ScoreTierNotes
New York68MediumState-specific exam conditions may apply.
Vermont68MediumState-specific exam conditions may apply.
Massachusetts78HighBoard-specific review required.
Connecticut78HighBoard-specific review required.
New Jersey78HighBoard-specific review required.
Pennsylvania68MediumState-specific exam conditions may apply.
  • Reciprocity and transfer rules vary by state board. Verify directly with the agency.

Official Licensing Agency

Official website verified

NYS Department of Financial Services • Applications and Licensing

One Commerce Plaza, Albany, NY, 12257

Phone: 5184083086

Visit Official WebsiteCall BoardOpen in Maps

Related Careers in New York

ProfessionMedian SalaryEducationTimeline
Architect$98,580Varies by state boardVaries by board
Audio and Video Technicians$63,640Degree requiredVaries by board
Certified Public Accountant$101,780Varies by state boardVaries by board
Civil Engineer$102,440Degree requiredVaries by board

FAQ

How long does it take to become a Financial Advisor in New York?

Most applicants finish the licensing path in about Varies by board, but timing can change based on education track, exam scheduling, and board processing.

What exams are required for Financial Advisors in New York?

New York lists Third-party exam required as part of the licensure process for Financial Advisors.

What education do you need to become a Financial Advisor in New York?

The board typically expects No educational requirements for Financial Advisor licensure in New York.

What is the typical Financial Advisor salary in New York?

The median annual salary for Financial Advisors in New York is $167,970.

How does the Financial Advisor salary in New York compare to the national average?

Financial Advisors in New York earn 64% above the national median of $102,140, with a state median of $167,970.

How many Financial Advisors work in New York?

New York employs approximately 28,820 Financial Advisors according to BLS data.

Can I transfer my Financial Advisor license to New York from another state?

Transfer requirements vary by board. Reciprocity and transfer rules vary by state board. Verify directly with the agency.

Who is the licensing agency for Financial Advisors in New York?

The licensing agency is NYS Department of Financial Services / Applications and Licensing. Review agency details at https://www.dfs.ny.gov/.

How often do you renew a Financial Advisor license in New York?

Current guidance indicates a renewal cycle of See board renewal rules.