Best Financial Advisors in Albany, New York

Looking for the right advisor for you? Datalign Advisory makes finding a financial advisor specific to your needs easier than ever.

It’s easy to get lost in the sheer number of available financial advisors in Albany. Using key industry criteria, we’ve narrowed the list to the best financial advisors in New York’s capital city.

Best Financial Advisors in Albany Near You:

  • Best for Wealth Management: Curran Wealth Management
  • Best Robo-Advisor: M1 Finance
  • Best for Assistance after Divorce, Remarriage or Death: Godfrey Financial Associates
  • Best Mobile App: Betterment
  • Best for Versatility: Capital Financial
  • Best Portfolio Analysis: Personal Capital
  • Best for Comprehensive Planning: Dutch Asset Corporation
  • Best for Investment Management: Arista Wealth Advisors

Best for Wealth Management: Curran Wealth Management

Curran Wealth Management has been in operation for 40 years as a registered investment advisor. The firm offers advice about retirement, college savings, estate planning and other financial needs. Its account minimum and starting fees are relatively low for a firm of its stature. 

The firm specializes in wealth management, investment management and tax services. Curran’s strategy is to use institutional equity portfolios to generate returns above respective benchmark equity indices over a full market cycle with less risk. The firm targets fundamentally strong companies within the appropriate market capitalization ranges.

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CURRAN WEALTH MANAGEMENT

CURRAN WEALTH MANAGEMENT

$338,000,000
  • A percentage of assets under your management
  • Hourly charges
  • Fixed fees (other than subscription fees)
  • Commissions
  • Performance-based fees
  • Other
$100,000
11
253
Yes
32
8
  • Financial planning services
  • Publication of periodicals or newsletters
Address

30 S. PEARL STREET, 9TH FLOOR ALBANY NY, 12207

Phone number

518-391-4200

Best For
Customizable Robo Investing

Best Robo-Advisor: M1 Finance

You can create your own wealth-building center with the M1 Finance integrated platform. M1 Finance gives you the tools to create your own investment portfolio and an automated trading system. 

Your mobile phone can help you easily track your investments and you can also make free stock or ETF trades on the pie-based interface. M1 Finance also allows you to expand your investment possibilities with fractional shares and loans as low as 2%. 

The built-in checking account offers you the ability to accept direct deposits, transfer money and spend with a debit card. It completely integrates your financial system.

Best for Assistance after Divorce, Remarriage or Death: Godfrey Financial Associates

This woman-owned firm puts a premium on communication with clients after 25 years in the business. Godfrey Financial offers investment management, retirement, estate and insurance planning if you live in the Albany area. 

Among the list of standard financial service categories, Godfrey Financial helps clients who become suddenly single due to the painful and stressful aftermath of divorce, spousal death or separation. The firm’s advisors can help organize your finances by getting control of cash flow, dealing with debt and managing taxes. Godfrey’s fees are 1.25% for the first $500,000.

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GODFREY FINANCIAL ASSOCIATES, INC.

GODFREY FINANCIAL ASSOCIATES, INC.

$50,221,624
  • A percentage of assets under your management
  • Hourly charges
  • Fixed fees (other than subscription fees)
N/A
2
160
Yes
95
4
  • Financial planning services
Address

797 ROUTE 9W GLENMONT NY, 12077-3801

Phone number

518-767-2574

Best For
ETF Investors

Best Mobile App: Betterment

This robo-advisor gives you the all-in-1 features of a trading room and the conveniences of personal banking. 

The Betterment Digital plan gives unlimited access to financial advice to licensed experts for an annual 0.25% fee for a $0 minimum balance. This plan also offers automatic rebalancing, automatic dividend reinvestment and tax-coordinated portfolios. 

The Premium plan requires a $100,000 minimum balance and charges an annual 0.40% fee for unlimited access to Betterment’s financial advisory services.

The Betterment app loads on any Android, iPhone or tablet. You can oversee your stock trades, manage banking needs, analyze your investments and connect to outside accounts. You’ll also be able earn at a rate of 0.40% APY with Cash Reserve. Your funds are deposited into 1 or more banks (program banks) where the funds earn a variable interest rate and are eligible for FDIC insurance.

Best for Versatility: Capital Financial

Capital Financial offers a wide variety of financial assistance. Each advisor at Capital Financial can choose the products and services best suited for their clients. You’ll get the advantage of a large company with the highly personalized attention of a small practice. 

This firm accommodates many types of clients at different life stages. Capital handles brokerage and investment advisory accounts and investment advisory fees vary according to the complexity of the firm’s services, the amount of money managed and other factors. 

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CAPITAL FINANCIAL PLANNING, LLC

CAPITAL FINANCIAL PLANNING, LLC

$287,442,514
  • A percentage of assets under your management
  • Hourly charges
  • Fixed fees (other than subscription fees)
N/A
11
924
Yes
20
8
  • Financial planning services
  • Pension consulting services
  • Selection of other advisers (including private fund managers)
Address

6 TOWER PLACE ALBANY NY, 12203

Phone number

(518) 867-4000

Best For
High Net Worth Individuals

Best Portfolio Analysis: Personal Capital

Personal Capital’s dashboard offers the tools you need to track and manage your cash flow and savings, review your net worth and monitor your investments — for free. 

If you want dedicated advice and specialist support, it’ll cost more, whether you’re ready for Investment Services (you must have $100,000 to $200,000), Wealth Management (you’ll need over $200,000 to $1 million) or Private Client (you’ll need to invest over $1 million). The fee is 0.89% for the first $1 million. The more money you have, the lower you’ll pay. Personal Capital’s dashboard is compatible with Androids, iPhones and tablets. 

Best for Comprehensive Planning: Dutch Asset Corporation

The financial advisors at Dutch Asset Corporation have a single focus — decisive portfolio management. The firm can provide investment management, retirement planning, trust design, tax planning and business exit strategies. Dutch Asset Corporation stresses risk management by investing in fundamentally solid companies, promoting growth with tech stock exposure and practicing tax efficiency. 

Dutch Asset offers several 401(k) plans that meet employer demands. The firm also provides assistance for individual and family issues such as trust accounts, college savings and IRA accounts. 

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DUTCH ASSET CORPORATION

DUTCH ASSET CORPORATION

$19,175,812
  • A percentage of assets under your management
  • Hourly charges
  • Fixed fees (other than subscription fees)
$0
3
N/A
No
40
2
  • Financial planning services
  • Pension consulting services
  • Selection of other advisers (including private fund managers)
Address

11 N PEARL ST STE 1405 ALBANY NY, 12207

Phone number

518-478-8077

Best for Investment Management: Arista Wealth Advisors

Arista Wealth Advisors’ team of Certified Financial Planner™ (CFP®) practitioners and attorneys has a 31-year record of helping clients maneuver all types of financial situations and market conditions. Its goal is to build and maintain your wealth by adhering to a long-term asset management strategy. This involves client guidance for investment planning, retirement decision-making, insurance, taxes, education and other financial concerns.

Arista has a working relationship with Burke and Casserly PC, an Albany-based law firm. You’ll get a free risk assessment that gives you a numeric measure of your investment risk tolerance. 

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ARISTA WEALTH ADVISORS, LTD

ARISTA WEALTH ADVISORS, LTD

$137,789,239
  • A percentage of assets under your management
  • Hourly charges
  • Fixed fees (other than subscription fees)
N/A
3
83
Yes
21
2
  • Financial planning services
Address

255 WASHINGTON AVENUE EXTENSION SUITE # 104 ALBANY NY, 12205

Phone number

518.452.3805

Frequently Asked Questions

Q: Is it worth paying a financial advisor 1%?

A: Traditional advisors charge between 1% to 2% of assets under management. Robo-advisors can charge between 0.25% to 0.89%. You could put your investment money in managed ETFs. Check the earning history of each option, examine each company’s investment philosophies and determine whether these strategies match your risk tolerance.

Q: Do financial advisors check your credit?

A: No. A financial advisor typically doesn’t do a credit check on you or your family members. However, if you reach out to a financial advisor for debt-related help, a financial advisor can help you. This is where trust between you and your financial advisor is important. Properly assessing your debt may be part of analyzing your entire financial framework. 

Q: How do you evaluate a financial advisor?

A: The Investment Adviser Public Disclosure is an excellent source for finding out all of the legal and financial aspects of a financial advisor’s business practices. FINRA’s BrokerCheck is a good place to find out whether a financial advisor has the proper credentials. 

Choose the Best Albany Financial Advisor for You

Choose the Albany financial advisor who makes you feel the most comfortable. Ask great questions about money and planning for your financial future. The financial advisors on our list can help. 

Methodology: To determine the top financial advisors in Albany, we pored through all SEC-registered advisory firms who have an office in Albany. We winnowed the list by only including advisors that are registered fiduciaries, have no past disclosures and have minimal personal conflicts of interest. To further break down the list to the true top advisors in the area, we gave weight to advisors that offer both investment management and planning, have no conflicts of interest, have offices in multiple states, have a wrap fee program and over $50 million in assets under management.