Financial advisory services have been booming more than ever in recent years. The growth is partly a result of the fact that more investors have been turning to the services of independent financial advisors.
However, finding the top financial advisers in a city like New York and its environs can be challenging. This guide —a list of the top 5 financial advisors in New York — aims to ease your task when looking for them.
Alfest Personal Wealth Management
Alfest Personal Wealth Management has a consistently good ranking. Lewis J. Altfest co-founded it in 1983.
The firm has made Barron’s Top Independent Financial Advisors list more than six times — consecutively since 2013. In 2017, Financial Times also included Altfest in its list of Top 300 Registered Investment Advisors in the country.
They scores high on fiduciary concerns. Also, it does well in leading-edge research, and client administration and relation.
The firm has over three decades of experience. Moreover, it has been consistently successful in managing portfolios in different market conditions.
Except for its $1 million minimum in invest-able assets, Francis Financial prides itself as the ultimate go-to financial advisory firm when it comes to planning for crucial life transitions. The company, therefore, specializes in planning, growing, and protecting assets for clients who are going through life-altering events such as divorce.
Francis Financial prides itself as the ultimate go-to financial advisory firm when planning for crucial life transitions. However, it has a $1 million minimum in invest-able assets policy.
The company, therefore, specializes in planning, growing, and protecting assets for clients. Those clients are those going through life-altering events such as divorce.
The Francis Financial Team was the 2014 Wealth and Money Management “Divorce Financial Planning Team of the Year–USA.” The team uses a collaborative approach to give top-notch wealth management advice. Stacy Francis, a Certified Divorce Financial Analyst (CFDA), is its head.
Frisch Financial Group
Frisch Financial Group has a drive: the mission to protect, preserve, and enhance the wealth of their clients. They combine investment management expertise and financial planning services.
Perhaps, in terms of the provision of unbiased financial advice, Frisch Financial Group ranks the best. The firm does not sell any products and does not collect payments from financial institutions.
Moreover, it charges on a per-fee-only basis. Therefore, it scores high on fiduciary concerns and less on points of conflict of interests.
It has received The Women’s Choice Award for six consecutive years. Also, it has consistently been in the top 9 financial advisory companies in New York.
Joel Isaacson and Co.
Joel Isaacson and Co is another fee-only financial advisory and wealth management firm. It prides itself on its unique combination.
The combination emphasizes sophisticated planning, investment management, and tax strategies. It uses the unique combination to set itself apart from the rest of the industry.
Besides, it is independent. That is, it has no attachment to any big financial institution. Therefore, it performs its financial advisory and investment management services only in the best interests of its clients.
Also, in February 2019, based on client retention, industry experience, assets under management, and revenue generated, the firm made the Forbes list of Top Wealth Advisors.
KLS Professional Advisors Group, LLC
KLS Professional Advisors Group LLC is another New York financial advisory firm with high credibility. Mr. Klapper, a former investment banker, founded it in 1989.
It operates on a policy that is not influenced by the incentive to sell products to its clients. Hence, the firm does not sell plans or products and does not take commissions. Indeed, it is one of the top 5 financial advisors in New York.
Clients, therefore, do not have any point of conflict of interests and receive services that are best for them. In addition to financial advisory and investment management services, KLS Professional Advisors Group also provides estate planning resources.
Hence, finally, here is a list of the Top 5 Financial Advisors in New York:
- Alfest Personal Wealth Management
- Francis Financial
- Frisch Financial Group
- Joel Isaacson & Co, and
- KLS Professional Advisors Group, LLC.