The small city of Erie, Pennsylvania, is mostly known for its Lake Erie waterfronts. This city is also home to a variety of financial advisors.
Are you considering working with a financial advisor or financial planner? Both can help you reach your short-term and long-term financial goals. Take a look at our list of the best financial advisors in Erie to get started.
Best Financial Advisors in Erie, PA Near You:
- Best for Long-Term Investing: Bishop & Company Investment Management
- Best Robo-Advisor: M1 Finance
- Best for Comprehensive Approach: HBKS Wealth Advisors
- Best for Families: BKD Wealth Advisors
- Best Portfolio Analysis: Personal Capital
- Best for Retirement: Robbins Wealth Management
- Best for Life Transitions: Evident Financial
Best for Long-Term Investing: Bishop & Company Investment Management
Bishop & Company is a privately-owned investment management and financial planning firm. Advisors meet with you to understand your target rate of return, investment timeline, risk tolerance and available capital. They’ll use this information to create a personalized, long-term investment strategy for you.
Bishop & Company works on a fee-only basis, meaning advisors are only compensated from clients. This minimizes conflicts of interest. Investment management fees can range from 0.50% to 1% annually depending on the assets.
- Customizable Auto Investing
Best Robo-Advisor: M1 Finance
M1 Finance is an online money management platform. You can save, invest, spend and borrow easily. Investment portfolios are made up of stocks, bonds and even fractional shares. You can automate deposits into your investment account to grow your investments faster. Once you have $10,000 saved, you’ll be able to borrow at a low interest — as low as 2%.
You can open an FDIC-insured checking account with no monthly maintenance fees. M1 Finance doesn’t charge commission or platform fees. All these money management tools can be accessed through M1 Finance’s mobile app.
Best for Comprehensive Approach: HBKS Wealth Advisors
HBKS Wealth Advisors is an independent wealth management and financial planning firm with two offices in Erie. Advisors work to understand your finances, goals and challenges. They create an investment strategy in line with your needs. Advisors actively monitor your investments to make sure they are meeting your goals.
HBKS Wealth Advisors also offers financial planning services such as retirement planning, education planning, estate planning, tax planning and more. The firm participates in a wrap fee program. This means you’ll receive investment advisory services, brokerage transactions and more for a single annual fee.
- 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)
- Publication of periodicals or newsletters
Address
ZUCK ROAD OFFICE PARK 5121 ZUCK ROADERIE PA, 16506
Phone number
814-836-5776
Best for Families: BKD Wealth Advisors
BKD Wealth Advisors (BKDWA) have been offering wealth management and financial planning services since 1998. Portfolios are made up of mutual funds, ETFs, bonds, stocks and some alternative investments.
Most of the firm’s clients are high-net-worth individuals and families. It operates a family office division that specializes in managing family financial affairs. BKDWA requires a minimum annual fee of $7,500. This fee may be negotiated. Depending on the size of your investment the fees can range between 0.45% up to 1.50% annually.
- 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)
Address
910 EAST ST LOUIS ST SUITE 200SPRINGFIELD MO, 65806
Phone number
417.866.5822
- High Net Worth Individuals
Best Portfolio Analysis: Personal Capital
Personal Capital’s award-winning dashboard offers cash management, wealth management and financial tools. You start by linking all your accounts to the single platform. You can use Personal Capital’s financial tools to create a budget, plan for retirement, track your finances, analyze your cash flow and more.
Once your investment account has $100,000, you’ll have unlimited advice on financial planning and retirement planning. You can also stay updated on the latest financial advice through its blog. There’s a single, all-inclusive annual fee of 0.89% on your 1st $1 million invested assets.
Best for Retirement: Robbins Wealth Management
Robbins Wealth Management is an independent investment management firm. Its investment strategy incorporates tax planning and financial planning. Its services can be especially helpful if you are retired or are planning your retirement.
Advisors focus on identifying companies that show strong earnings and the right price to generate long-term growth. There is a minimum fee of $3,000 annually. After this, fees can range between 0.60% to 1% of total investment assets.
Best for Life Transitions: Evident Financial
Evident Financial, a division of AllStreet Financial, offers investment management and financial planning services. It guides clients through major transitions like retirement, inheritance, divorce and selling a business. It also helps families plan for long-term financial goals.
Evident Financial offers a variety of accounts that include individual, joint, IRA and 401(k). Investment portfolios are diversified mixes of low-cost ETFs. Annual fees can range from 0.3% to 1% of total invested assets.
Frequently Asked Questions
Which certifications should my financial planner have?
Your financial planner should be either a certified financial planner (CFP®) or a chartered financial analyst (CFA). They may have additional certifications.
Can financial advisors help debt?
Yes. Your financial advisor is well-suited to help you manage your debt. They can give you advice on how to pay your debt off faster and cheaper. They can also help you grow your savings, which will help you stay out of debt in the future.
Can I talk to a financial advisor for free?
Many firms offer a free initial conversation with a financial advisor. Most also include financial advice in the annual fee. Make sure to contact a firm or financial advisor to understand its fee structure.
Work with a Financial Advisor
Finding the right financial advisor is only part of the process. You will need to stay updated on how your investments are performing and follow your advisor’s recommendations. All in all, working with a financial advisor can help you reach your goals faster.
Methodology
To determine the top financial advisors in Erie, Pennsylvania, we pored through all SEC-registered advisory firms who have an office in Erie. To winnow down the list we only included advisors who were registered fiduciaries, had 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 have over $50 million in assets under management.