Top 10 financial advisor firms in Melville

13 SEC-registered financial advisor firms are headquartered in Melville, NY, with $7.73B in combined regulatory assets under management. The largest by assets are The Wealth Alliance ($2.1B), James J. Burns & Company ($1.25B) and Frisch Financial Group ($932M).

13
Financial advisor firms: $7.73B
Their combined AUM: $431M
Median firm AUM: 4,796
Clients of the top 10

The 10 largest by assets

1
The Wealth Alliance
RIA
$2.1B
0.25% to 1.75% a year
2
James J. Burns & Company
RIA
$1.25B
1.00% to 1.25% a year
3
Frisch Financial Group
RIA
$932M
Up to 2.00% a year
4
Compass Advisory Group
RIA
$767M
Up to 2.00% a year
5
Total Management Group
RIA
$554M
0.50% to 1.00% a year
6
Landmark Wealth Management
RIA
$442M
0.90% to 0.90% a year
7
Prospect Financial Services
RIA
$431M
Up to 2.50% a year
8
Lantern Wealth Advisors
RIA
$320M
Regulatory AUM
9
Pelkonen and Associates
RIA
$293M
Regulatory AUM
10
Clear Point Advisors
RIA
$253M
0.35% to 1.25%

Profiles of the top 10

No. 1 · RIA

The Wealth Alliance

The Wealth Alliance is an investment adviser based in Melville, NY, registered with the SEC since 2019. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and corporations and other businesses. Its regulatory assets under management total $2.1 billion, as filed on 16 July 2026.

The Wealth Alliance charges 0.25%–1.75% a year for its Investment Management Services.

Regulatory AUM: $2.1B
Clients: 1,232
Advisory staff: 13
Founded: 2018
Fee schedule: 0.25% to 1.75% a year
Custodians: Fidelity
Headquarters: 105 Broadhollow Road, Melville, NY 11747
Phone: 631-670-0682
Website: thewealthalliance.com

No. 2 · RIA

James J. Burns & Company

James J. Burns & Company is an investment adviser based in Melville, NY, registered with the SEC since 2006. It provides financial planning and investment management. Its clients include individual clients, high-net-worth individuals, and pension and profit-sharing plans. Its regulatory assets under management total $1.25 billion, as filed on 22 September 2026.

James J. Burns & Company charges 1.00%–1.25% a year for its Investment Management Services.

Regulatory AUM: $1.25B
Clients: 627
Advisory staff: 8
Fee schedule: 1.00% to 1.25% a year
Minimum account: $1,000,000
Custodians: Charles Schwab
Headquarters: 225 Broadhollow Road, Suite 410, Melville, NY 11747
Phone: 631-390-0500
Website: jjburns.com

No. 3 · RIA

Frisch Financial Group

Frisch Financial Group is an investment adviser based in Melville, NY, registered with the SEC since 2003. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients and charitable organizations. Its regulatory assets under management total $932 million, as filed on 10 April 2026.

Frisch Financial Group charges up to 2.00% a year for its Investment advisory services.

Regulatory AUM: $932M
Clients: 601
Advisory staff: 7
Founded: 1999
Fee schedule: Up to 2.00% a year
Custodians: Charles Schwab
Headquarters: 445 Broad Hollow Road, Suite 215, Melville, NY 11747
Phone: 516-694-7900
Website: frischfinancial.com

No. 4 · RIA

Compass Advisory Group

Compass Advisory Group is an investment adviser based in Melville, NY, registered with the SEC since 2017. It provides financial planning and investment management. Its clients include pension and profit-sharing plans, high-net-worth individuals, and individual clients. Its regulatory assets under management total $767 million, as filed on 24 September 2026.

Compass Advisory Group charges up to 2.00% a year for its Investment Management Services.

Regulatory AUM: $767M
Clients: 528
Advisory staff: 5
Fee schedule: Up to 2.00% a year
Custodians: Charles Schwab
Headquarters: 155 Pinelawn Road, Suite 210 N, Melville, NY 11747
Phone: 516-938-2400

No. 5 · RIA

Total Management Group

Total Management Group is an investment adviser based in Melville, NY, registered with the SEC since 2003. It provides financial planning and investment management. Its clients include high-net-worth individuals, pension and profit-sharing plans, and individual clients. Its regulatory assets under management total $554 million, as filed on 6 February 2026.

Total Management Group charges 0.50%–1.00% a year for its Investment Advisory Services.

Regulatory AUM: $554M
Clients: 243
Advisory staff: 4
Fee schedule: 0.50% to 1.00% a year
Custodians: Charles Schwab
Headquarters: 225 Broadhollow Road, Suite 215, Melville, NY 11747
Phone: 631-248-3600

No. 6 · RIA

Landmark Wealth Management

Landmark Wealth Management is an investment adviser based in Melville, NY, registered with the SEC since 2015. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and corporations and other businesses. Its regulatory assets under management total $442 million, as filed on 15 September 2026.

Landmark Wealth Management charges 0.90% a year for its Account Portfolio Management.

Regulatory AUM: $442M
Clients: 296
Advisory staff: 6
Founded: 2011
Fee schedule: 0.90% to 0.90% a year
Custodians: Charles Schwab
Headquarters: 95 Broadhollow Road, Suite 102, Melville, NY 11747
Phone: 888-342-6436
Website: landmarkwealthmgmt.com

No. 7 · RIA

Prospect Financial Services

Prospect Financial Services is an investment adviser based in Melville, NY, registered with the SEC since 2021. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and pension and profit-sharing plans. Its regulatory assets under management total $431 million, as filed on 9 March 2026.

Prospect Financial Services charges up to 2.50% a year for its Wealth Management Services.

Regulatory AUM: $431M
Clients: 613
Advisory staff: 9
Fee schedule: Up to 2.50% a year
Custodians: LPL Financial
Headquarters: 445 Broad Hollow Road, Suite CL-43, Melville, NY 11747
Phone: 631-424-5218

No. 8 · RIA

Lantern Wealth Advisors

Lantern Wealth Advisors is an investment adviser based in Melville, NY, registered with the SEC since 2014. It provides financial planning and investment management. Its clients include high-net-worth individuals, charitable organizations and individual clients. Its regulatory assets under management total $320 million, as filed on 18 August 2026.

Regulatory AUM: $320M
Clients: 188
Advisory staff: 26
Custodians: Charles Schwab, Pershing
Headquarters: 35 Pinelawn Road, Suite 101e, Melville, NY 11747
Phone: 631-454-2000
Website: heroldlantern.com

No. 9 · RIA

Pelkonen and Associates

Pelkonen and Associates is an investment adviser based in Melville, NY, registered with the SEC since 2020. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $293 million, as filed on 13 March 2026.

Regulatory AUM: $293M
Clients: 317
Advisory staff: 3
Founded: 2020
Custodians: Fidelity
Headquarters: 425 Broadhollow Road, Suite 112, Melville, NY 11747
Phone: 631-396-1032
Website: ampwealthcare.com

No. 10 · RIA

Clear Point Advisors

Clear Point Advisors is an investment adviser based in Melville, NY, registered with the SEC since 1998. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and pension and profit-sharing plans. Its regulatory assets under management total $253 million, as filed on 26 March 2026.

Clear Point Advisors charges 0.35%–1.25% for its Portfolio Management Fee Schedule. The brochure does not state whether the rate is annual.

Regulatory AUM: $253M
Clients: 151
Advisory staff: 4
Founded: 1998
Fee schedule: 0.35% to 1.25%
Headquarters: 1 Huntington Quadrangle, Suite 1s01, Melville, NY 11747
Phone: 631-333-2222
Website: cptadvisors.com

Questions about financial advisors in Melville

How many financial advisor firms are headquartered in Melville?

13 SEC-registered financial advisor firms report their principal office in Melville, NY, managing $7.73B in regulatory assets between them. The other 3 advisers headquartered in the city are broker-dealers, other kinds of wealth firm, or fund and institutional managers.

Source: Form ADV Part 1A, Items 1.F, 5.D and 5.F

What is the largest financial advisor firm in Melville?

The Wealth Alliance, with $2.1B in regulatory assets under management on its latest Form ADV. The next largest are James J. Burns & Company ($1.25B) and Frisch Financial Group ($932M).

Source: Form ADV Part 1A, Item 5.F

How large is a typical financial advisor firm in Melville?

The median firm manages $431M in regulatory assets. That is the midpoint of the 13 firms headquartered in Melville.

Source: Form ADV Part 1A, Item 5.F

How much do financial advisors in Melville charge?

Of the 10 largest firms, 8 publish an asset-based fee schedule for their main service in their brochure. The highest rate in those schedules runs from 0.90% to 2.50% of assets, depending on the firm; each firm's fee is in its profile above.

Source: Form ADV Part 2A brochures, Item 5

How can I check a financial advisor's record in Melville?

Search the firm or the person on the SEC's Investment Adviser Public Disclosure site, adviserinfo.sec.gov, which shows registrations, Form ADV filings and any disclosures. Each firm profile in this directory links its SEC record.

Source: SEC Investment Adviser Public Disclosure

How is this list ordered?

By regulatory assets under management as filed on Form ADV, largest first. A firm is included when its principal office is in the city and most of its client assets belong to individuals and its type is RIA, which leaves out broker-dealers, wirehouses, RIA networks, digital advice, bank, insurance and family-office firms. A firm with only a branch office here is listed in its own headquarters city.

Source: Niva directory methodology

Melville has 13 financial advisor firms; see every adviser in the city →

The 10 largest by assets

Profiles of the top 10

Questions about financial advisors in Melville

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