List of Firms
New York, NY Fiduciary Financial Advisors
Joseph Soranno - Financial Advisor, Ameriprise Financial Services, LLC
Beekman Financial Planning LLC
Simon Quick Advisors, LLC
Daniel Dichter - Financial Advisor, Ameriprise Financial Services, LLC
Where Certified Financial Advisors in New York, NY Serve
New York, NY is a bustling metropolis that is home to some of the world's most iconic landmarks, including the Statue of Liberty, Empire State Building, and Central Park. The city is also home to a diverse range of top employers, including financial giants like Goldman Sachs and JPMorgan Chase, as well as media powerhouses like NBCUniversal and ViacomCBS.
Navigating New York's dense network of highways and streets can be a challenge, but major thoroughfares like the Brooklyn-Queens Expressway and the FDR Drive are essential for getting around the city. Meanwhile, neighborhoods like SoHo, Greenwich Village, and Williamsburg offer unique cultural experiences and diverse communities.
Overall, New York is a city that is constantly evolving and pushing the boundaries of what is possible. Whether you're a visitor or a resident, there is always something new and exciting to discover in the Big Apple.
Services Provided by Fee Based and Fee Only Financial Advisors
Banks and Credit Unions
Residents of New York, NY can benefit greatly from the guidance of a financial advisor. With the high cost of living in the city, a financial advisor can help individuals create a budget and savings plan that works for their unique situation. Additionally, many New Yorkers work in industries with fluctuating incomes, such as entertainment or freelance work, and a financial advisor can provide strategies for managing irregular income. Another specific challenge for New Yorkers is the complex tax system, and a financial advisor can help navigate the intricacies of filing taxes in the city. Overall, a financial advisor can provide valuable support and expertise for residents of New York, NY to achieve their financial goals.
Insurance Broker
Residents of New York, NY can benefit greatly from the services of an insurance broker. With the fast-paced lifestyle and high cost of living in the city, having an insurance broker to navigate the complex insurance market can save residents time and money. Additionally, New York City is known for its unique risks, such as high crime rates and extreme weather conditions. An experienced insurance broker can help residents find policies that specifically address these risks and provide adequate coverage. Whether it's finding affordable health insurance or protecting against property damage from a hurricane, an insurance broker can provide personalized guidance and support to ensure that New York, NY residents are properly covered and prepared for any unexpected events.
Retirement Planning
Residents of New York, NY can greatly benefit from the services of a retirement planner. With the high cost of living in the city, it can be difficult to save enough money for retirement while also covering daily expenses. A retirement planner can help residents create a personalized plan that takes into account their unique financial situation and goals. They can provide guidance on investment strategies, tax planning, and maximizing retirement benefits. Additionally, with the diverse population of New York, NY, retirement planners can offer specialized expertise in areas such as estate planning for those with complex family structures or international investments for those with ties overseas. Overall, a retirement planner can provide peace of mind and a clear path towards a comfortable retirement for residents of New York, NY.
Wealth Management
Residents of New York, NY can benefit greatly from the expertise of a wealth manager. With the city's high cost of living and fast-paced lifestyle, it can be challenging to manage finances effectively. A wealth manager can help individuals and families create a personalized financial plan that takes into account their specific goals and needs, such as saving for retirement, paying for education, or buying a home. Additionally, a wealth manager can provide guidance on investment strategies, tax planning, and risk management. In a city where the financial industry is a major player, a wealth manager can help navigate the complex financial landscape and make informed decisions to achieve long-term financial success.
Mortgage Loan Officer
Residents of New York, NY can benefit greatly from the assistance of a mortgage loan officer. With the notoriously high cost of living in the city, many residents may struggle to save enough money for a down payment on a home. A mortgage loan officer can help by providing guidance on various loan options and programs that may be available to them, such as FHA loans or down payment assistance programs. Additionally, with the diverse population and varying income levels in New York, a mortgage loan officer can work with each individual to find a loan that fits their unique financial situation. They can also provide valuable advice on navigating the complex and competitive New York City real estate market. Overall, a mortgage loan officer can be a valuable resource for anyone looking to purchase a home in New York, NY.
Tax Services
Residents of New York, NY can benefit greatly from the services of a tax advisor. One of the most common ways a tax advisor can help is by navigating the complex tax laws and regulations specific to New York City. For example, New York City has its own set of tax codes and regulations that differ from the state and federal levels. A tax advisor can help residents understand these unique requirements and ensure they are in compliance. Additionally, New York City residents often face higher taxes and a higher cost of living, making it even more important to have a tax advisor who can help them maximize deductions and minimize tax liability. Overall, a tax advisor can provide invaluable assistance to New York City residents looking to navigate the complex world of taxes and ensure they are making the most of their financial situation.
Estate Planning Lawyer
Residents of New York, NY can benefit from the services of an estate planning lawyer in many ways. One of the most common ways is by creating a comprehensive estate plan that outlines how their assets will be distributed after their death. This is especially important in New York, where the estate tax exemption is much lower than in other states. An estate planning lawyer can help residents navigate complex tax laws and ensure that their heirs receive the maximum benefit from their estate. Additionally, a lawyer can assist with creating trusts, establishing guardianship for minor children, and setting up healthcare directives. Overall, an estate planning lawyer can provide peace of mind and ensure that a person's wishes are carried out in the event of their passing.
New York, NY Financial Resources
New York, NY Chamber of Commerce
New York, NY City Hall
New York, NY Public Library
FREQUENTLY ASKED QUESTIONS
FAQs About Personal Financial Advisors in New York, NY
As a financial advisor in New York, NY, there are a multitude of services that can be provided to clients seeking financial guidance. From retirement planning to investment management, a financial advisor can help individuals and families navigate the complexities of the financial world. With the bustling and diverse economy of New York, NY, there are unique challenges that require a skilled and knowledgeable advisor to address. For example, navigating the intricacies of the New York City real estate market or understanding the tax implications of living and working in the city can be daunting tasks. A financial advisor can provide expertise in these areas and help clients make informed decisions that align with their financial goals. Additionally, with the rapid pace of change in the financial landscape, a financial advisor can provide ongoing support and guidance to ensure that clients stay on track and adapt to new opportunities and challenges as they arise.
New York, NY is undoubtedly the best place to get financial advising. The city is home to some of the most prestigious financial institutions in the world, including the New York Stock Exchange and the Federal Reserve Bank of New York. The financial district, located in Lower Manhattan, is a bustling hub of activity where experts in finance, economics, and investment gather to discuss the latest trends and developments in the industry. The city's financial advisors are highly experienced and knowledgeable, with a deep understanding of the intricacies of the financial world. They have access to cutting-edge technology and resources, enabling them to provide clients with the most up-to-date and accurate advice possible. Furthermore, the city's diverse population means that financial advisors have experience working with clients from a wide range of backgrounds and cultures, making them uniquely equipped to handle any financial situation. Whether you're a seasoned investor or just starting out, New York, NY is the place to be for top-notch financial advising.
A financial planner in New York, NY is a professional who helps individuals and businesses achieve their financial goals through strategic planning and investment management. In this bustling city, financial planners face unique challenges due to the high cost of living and the competitive nature of the market. They must be well-versed in the intricacies of New York's tax laws and regulations, and have a deep understanding of the various investment opportunities available in the city. Additionally, they must be able to navigate the complex financial landscape of New York, which includes everything from Wall Street to the real estate market. With their expertise and knowledge, financial planners in New York, NY help their clients build wealth and achieve financial security in one of the most dynamic and challenging cities in the world.
New York, NY residents should consider reaching out to a financial advisor when they are looking to navigate the complexity of the city's financial landscape. With its vast array of investment opportunities, tax laws, and real estate markets, New York can be a daunting place to manage one's finances. A skilled financial advisor can help residents make sense of these complexities and develop a comprehensive financial plan that aligns with their goals and values. Whether it's planning for retirement, managing debt, or investing in the stock market, a financial advisor can provide the expertise and guidance needed to make informed decisions and achieve financial success in the city that never sleeps.
A financial advisor in New York, NY must possess a plethora of important qualities to succeed in the competitive financial industry. Firstly, they must have a deep understanding of the ever-changing financial market and be able to adapt quickly to new trends. They must also possess excellent communication skills, as they will be working with clients from diverse backgrounds and must be able to explain complex financial concepts in a clear and concise manner. In addition, a financial advisor in New York, NY must have a strong work ethic and be willing to put in the time and effort required to achieve success. Furthermore, they must be able to build strong relationships with clients and earn their trust, as the financial decisions they make will have a significant impact on their clients' lives. Finally, in a city as fast-paced and complex as New York, NY, a financial advisor must be able to remain calm under pressure and make quick decisions in high-stress situations.
New York, NY is home to some of the top financial advising firms in the world. These firms have a reputation for providing exceptional financial advice and have a deep understanding of the complex financial landscape of the city. One of the most notable firms is Goldman Sachs, which has been a major player in the financial industry for over a century. Their expertise in investment banking, asset management, and securities has made them a trusted partner for many high net worth individuals and corporations. Another top firm is BlackRock, which manages over $8 trillion in assets and has a global presence. Their focus on sustainable investing and their commitment to diversity and inclusion have made them a leader in the industry. Other notable firms include J.P. Morgan, Morgan Stanley, and Citigroup. These firms have a strong presence in New York, NY and are known for their innovation and expertise in financial advising.
Financial advisors in New York, NY get compensated in various ways, with some of the most common being commissions, fees, and a combination of both. Commissions are typically earned when an advisor sells a financial product to a client, such as a mutual fund or insurance policy. Fees, on the other hand, can take many forms, including hourly rates, flat fees, or a percentage of assets under management. However, something unique to New York, NY is the prevalence of high-net-worth clients, which can lead to advisors charging higher fees due to the complexity of managing their wealth. Additionally, some advisors in New York, NY may also receive bonuses or performance-based incentives based on the success of their clients' investments. Overall, the compensation structure for financial advisors in New York, NY is diverse and can vary greatly based on the individual advisor and their client base.
