Looking for the best financial advisors in New York City, New York? Benzinga readers often use SmartAsset to search for the best-matched financial advisors near them.
Home to the financial district and Wall Street, New York City is the financial capital of the U.S. As such, you can find the best of the best financial advisors in New York City. Whether you need assistance with managing your estate, planning for retirement or advice about managing your business finances, you have access to some of the best financial minds in the world. Learn the best firms in the area.
Quick Look: Best Financial Advisors in New York City, New York
- Best for Matching Financial Advisors: SmartAsset
- Best for Large Firm with Diverse Resources: Cerity Partners
- Best for No Account Minimum: AITi Tiedemann Global
- Best for Non-high-net-worth Individuals: Steward Partners Investment Advisory
- Best for Alternative Investments: TAG Associates
Top 5 Financial Advisors in New York City, New York
Connect with a leading financial advisor in New York. Review this list and find an advisor whose services and investment strategies are a good fit for you.
1. Best for Matching Financial Advisors: SmartAsset
SmartAsset helps you connect with financial advisors in your area with a short questionnaire. Help the tool learn more about what you’re looking for in an advisor and then view your personalized results. While you’ll find many top 10 lists on the internet with names of leading financial firms in New York, that is all relative based on your needs, investment strategy preferences, risk tolerance, investable assets, etc.
Instead of looking for a financial advisor based on what other people think, look for one based on your specific financial circumstances. Once you complete the questionnaire, you’ll see a listing of top advisors so you still have options and are in charge of choosing what is best for you.
And if you need additional financial tools, such as resources and calculators, SmartAsset has you covered. You’ll find everything you need to connect with advisors, learn more about your financial preferences and manage your wealth.
2. Best for Large Firms with Diverse Resources: Cerity Partners
$19,657,709,637
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Performance-based fees
- Financial planning services
- Pension consulting services
- Selection of other advisers (including private fund managers)
- TAX SERVICES; BILL PAY
Address
335 MADISON AVENUE 23RD FLOORNEW YORK NY, 10017
Cerity Partners has an astounding number of financial advisors, meaning you’ll be sure to find one that fits your interests, needs and preferences. With nearly 400 advisors, this fee-only advisory firm counsels both individuals with a high net worth and those looking to grow their wealth to that level. Its specialty is the affluent, but the firm does not have a required investment minimum.
Cerity Partners Services
- Investment solutions
- Estate and gift planning
- Financial planning
- Insurance planning and risk management
- Tax planning and preparation
- Marital financial planning
- Cross-border
- Trust services
- Business owner financial planning
- Practice owner financial planning
- CFO and accounting services
- Family office governance
Cerity Partners Investment Strategy
Each financial advisor can develop investment objectives with their client. Through meetings and discussions, they’ll learn more about the client’s preferences, assets, risk tolerance and timelines. The firm uses a diverse set of assets and asset classes to generate high-performing portfolios. Some investments the company uses include hedge funds, private equity, cash/cash equivalents, global equity, real return and fixed-income.
3. Best for No Account Minimum: AITi Tiedemann Global
TIEDEMANN & ASSOCIATES INVESTMENT ADVISORS, INC.
$19,614,518
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Financial planning services
AITi Tiedemann Global works with all individuals, regardless of their wealth available. However, you might not have access to certain advisors until you reach certain minimums. The firm works mainly with high-net-worth clients, but it also has some charitable organizations and investment funds that it works with.
AITi Tiedemann Global Services
- Wealth management
- Impact investing
- Strategic alternatives
AITi Tiedemann Global Investment Strategy
It starts with a fundamental analysis to understand the client’s unique financial position. That analysis informs the company’s broad asset allocations that deliver the greatest returns for that client. When you work with the firm, you’ll get access to its proprietary risk formula that helps you get the most from your investments while only taking on the risk that is manageable for you.
The firm relies on third-party money managers who oversee the clients’ assets. Much of their investment strategy involves mutual funds, private investment funds, exchange-traded notes and exchange-traded funds.
4. Best for Non-high-net-worth Individuals: Steward Partners Investment Advisory
STEWARD PARTNERS INVESTMENT ADVISORY, LLC
$5,196,562,420
Estabrook’s main focus as an investment management service is extending the “family office” model to lower net-worth investors. This means that it provides group advising services for business owners with multiple partners within 1 family or to multiple beneficiaries who have income through inheritance or a trust. Unlike other family office providers, you don’t need to have millions in assets to open an account with Estabrook — its minimum asset value to open an account is $100,000 for its Wrap program. While Estabrook might not be the best choice for individual investors or those whose investments aren’t grouped together with their family’s, their unique model can be exceptionally advantageous for business owners.
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Financial planning services
- Pension consulting services
- Selection of other advisers (including private fund managers)
- FINANCIAL CONSULTING
Address
140 E, 45TH ST. 36TH FLOORNEW YORK NY, 10017
Few people are considered high-net-worth. While there are many outstanding firms in New York City, many of them cater to the extremely wealthy. But Steward Partners Investment Advisory works with both those with great wealth and the average person. It also aids charitable organizations, pension plans and corporations in managing funds.
It is a fee-based firm, meaning some advisors can receive commissions for selling financial products to you. However, the firm does have a fiduciary duty that protects your interests.
Steward Partners Investment Advisory Services
- Advisory services
- Wealth management
- Institutional consulting
- Insurance planning
Steward Partners Investment Advisory Investment Strategy
Your advisor at Steward Partners Investment Advisory understands that you can’t use the same strategy throughout your lifetime. Instead, a more dynamic method is ideal. It will diversify your investments to reduce your risk using banking and lending strategies.
5. Best for Alternative Investments: TAG Associates
$8,054,450,000
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
- Financial planning services
- Pension consulting services
- Selection of other advisers (including private fund managers)
Address
810 SEVENTH AVENUE 7TH FLOORNEW YORK NY, 10019-5890
For more than 40 years, TAG Associates has been building investment strategies for clients. Most clients are individuals with a high net worth, though the firm also has some clients that are investment funds and retirement plans. It is a fee-only firm, meaning its only compensation comes from the fees clients pay them and not commissions for the financial products it sells. It aims to help clients grow their wealth from one generation to the next.
TAG Associates Services
- Portfolio management
- Tax law
- Estate planning
TAG Associates Investment Strategy
The firm is best known for its alternative investments. But it also invests in separately managed accounts, short-term securities and mutual funds.
How to Choose the Best Financial Advisor in New York City, New York
When seeking a financial advisor in NYC, the one who is best for you will vary based on your unique circumstances, assets to invest and risk tolerance. Here’s a look at some considerations for selecting the best advisor for you.
- Review your needs: Before you can select a financial advisor, you need to decide what services you’re seeking. Each advisor specializes in different services and can help you with certain aspects of your finances. Some focus on investing, others on taxes and still others on estate planning. You might find some firms with diverse services that can help with all aspects of your financial planning. However, spending some time reviewing what you’re looking for will help you when meeting with advisors.
- Select a type of financial advisor: Financial advisors can be certified financial planners (CFPs), fiduciary advisors, investment bankers, etc. Learn about the various types to see what might be a good fit for you.
- Robo-advisor vs. financial planner: A Robo-advisor is less expensive than a professional. Working with a robo-advisor might be a good place to start in helping you build your wealth through automated algorithms. Many people who can’t afford a financial advisor yet find this service helpful.
- Evaluate your budget: Review what you can afford to pay a financial advisor. Many work is based on a percentage of assets under management. Robo-advisors average .25% while online financial planners are about twice that. Traditional financial advisors charge closer to 1% of assets under management annually.
- Interview financial planners to look for a good fit: Don’t just select the first financial planner you find on a list online. Instead, interview financial planners to find one that is a good fit for you and your needs.
Manage and Grow Your Wealth
Working with a financial advisor can help you manage your wealth today while growing it for tomorrow. Finding an advisor, who matches your risk tolerance and can help you achieve your goals, is essential. Interview a few from this list to find a good pairing based on your preferences.
