Best Financial Advisors in New York City

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

New York has more financial advisor firms than any other city in the U.S. New Yorkers have the privilege of choosing among multiple firms that offer a wide range of services. With such selection, however, comes a rigorous vetting process. 

Finding the best financial advisor for your unique situation is among the most important financial decisions of your life and you don’t want to leave any stone unturned. Our team of researchers has narrowed down the list to the top advisors in NYC to help you make your decision.

Best Financial Advisors in New York City Near You:

  • Best for High-Net-Worth Individuals: Snowden Lane Partners
  • Best Robo-Advisor: M1 Finance
  • Best for Portfolio Diversification: KLS Professional Advisors Group
  • Best Mobile App: Betterment
  • Best for Customized Approach: Steward Partners Investment Advisory
  • Best Portfolio Analysis: Personal Capital
  • Best for Families: Estabrook
  • Best for Finding Custom Financial Advisors: SmartAsset
  • Best for All Income Levels: HFH Planning

Best for High-Net-Worth Individuals: Snowden Lane Partners

Snowden Capital Advisors (SCA), the parent to Snowden Lane Partners, is one of the top financial advisors for high-net-worth individuals, businesses and charities based in NYC. It typically requires clients to hold at least $100,000 worth of assets when they open an account. SCA provides a wealth of both financial advising and planning services, including stock portfolio management, investment consulting, estate planning and more. 

As an independent firm, SCA provides customized solutions for each individual investor without bias toward a certain product, fund or investment class. Though its services aren’t suitable for individuals with investment accounts worth less than $100,000, SCA provides a one-stop-shop for everything high net-worth individuals may need when it comes to managing their assets.

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$1,919,765,827
  • A percentage of assets under management
  • Fixed fees (other than subscription fees)
$100,000
4
1,139
Phone number

Best For
Customizable Robo Investing

Best Robo-Advisor: M1 Finance

M1 Finance is the most efficient and seamless robo-advisor you can use to grow your investments and manage your money. You can invest in stocks, exchange-traded funds (ETFs), or fractional shares for free. Create your own customized investment portfolio or choose from expert portfolios. You can open individual, joint, IRA and even trust accounts. 

Don’t have the time or expertise for manual trading? M1 Finance allows you to automate deposits on your own schedule and will keep your portfolio allocation on track with dynamic rebalancing. 

You can also borrow money at a low-interest rate — as low as 2% — when your account balance hits $10,000. M1 Finance also offers FDIC-insured, no-fee checking accounts. You’ll even qualify for a 1% cash back debit card and a 1% APY on your checking account balance with an M1 Plus account. 

Best for Portfolio Diversification: KLS Professional Advisors Group

With over 30 years of experience managing assets, KLS is one of the longest-standing financial advisors in New York. KLS focuses on providing individual and personalized services to individuals with a very large amount of assets under their control. 

From estate planning to portfolio management and even prenuptial advising services, KLS provides nearly every type of financial planning and investment advising services. KLS employs a full team of investing experts, with each of its departments headed by a seasoned expert in that area. Its flat-fee and hourly-rate structures ensure that you won’t feel pressured into a particular investment class for the sake of an agent’s commission.

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$5,848,741,213
  • Fixed-fees
  • A percentage of assets under management
  • Hourly charges
N/A
N/A
208
Phone number

Best For
ETF Investors

Best Mobile App: Betterment

Betterment’s mobile app brings money management and investing to the tip of your fingers. Betterment analyzes your finances and asks you questions to understand your financial goals, risk tolerance and timelines. Next, it will recommend an expert-picked portfolio that’s suitable for your needs. 

Its investment portfolios are built by Goldman Sachs, BlackRock and Betterment. If you want more control you can always opt to create your own. You can use your investment portfolio to save for retirement when you open a 401(k) or IRA account. 

Betterment also offers FDIC-insured, no-fee individual and joint checking accounts complete with a contactless debit card. Annual fees for investing start at 0.25%. Though you can upgrade to a premium plan for 0.40% annually, which will get you unlimited access to Betterment’s team of financial advisors. 

Best for Customized Approach: Steward Partners Investment Advisory

Steward Partners is a financial planning and investment management service offering clients both fee-based advising services and total financial management. You can choose to leave all of your assets in the hands of a Steward Partners’ advisor or you can consult with one of its financial planning experts for assistance and guidance when you need it. 

The company works with both high net-worth individuals and those with fewer assets under management, but you will need at least $25,000 worth of assets to open an account. Its unique investing platform is serviced by Raymond James Financial Services, one of the largest investment banking firms in the world.

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$5,196,562,420
  • A percentage of assets under management
  • Hourly charges
  • Fixed fees (other than subscription fees)
$25,000 to $200,000 based on the type of account
9
3,577
Phone number

Best For
High Net Worth Individuals

Best Portfolio Analysis: Personal Capital

Personal Capital’s award-winning financial tools help you monitor your net worth, track your investments, analyze your cash flow, create a budget and save for retirement. Personal Capital’s technology will analyze your investment portfolio in accordance with your financial plan. It will help you keep track of risk, performance and even recommend a target asset allocation just for you. 

Want an even more personalized touch? You can consult with a registered financial advisor as many times as you want when your account hits a balance of $100,000.

Depending on the size of your assets, annual fees can range between 0.89% and 0.49%. This fee is all-inclusive so you won’t be charged extra for speaking with an advisor, trading or using financial tracking tools. 

Best for Families: Estabrook

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 an 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, its unique model can be exceptionally advantageous for business owners.

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$721,517,474
  • A percentage of assets under management
  • Fixed fees (other than subscription fees)
$75,000 to $500,000 depending on the type of account
N/A
866
Phone number

Best For
Comparing Advisors

Best for Finding Custom Financial Advisors: SmartAsset

Find the right financial advisor to prepare for your future. SmartAsset‘s platform connects investors, soon-to-be-retirees and retirees with financial advisors from across the country. 

As the first comprehensive solution for easily and securely pairing investors with financial advisors, SmartAsset provides you with free and secure access to the financial advisor marketplace and sources advisors that are right specifically for you based on your location, assets and personal preferences. 

Answer a brief survey regarding your preparedness for retirement, investment style and contact information, so SmartAsset’s algorithm can match you with the best financial advisor for you.

Best for All Income Levels: HFH Planning

HFH Planning is a financial planning service for investors of all income levels. Unlike most other financial advisors in New York City, HFH Planning focuses not on the wealthy but those with a median income. It offers both the standard services you’d expect from an asset management company (like portfolio management and estate planning) with healthcare expense planning, college tuition planning and retirement services. 

Its fee structure begins with an hourly rate to create your ideal investing plan, then switches to a flat-fee based on the percentage of your assets you have under management. This allows HFH to provide investment advice without a conflict of interest.

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$109,423,123
  • A percentage of assets under management
  • Hourly charges
  • Fixed fees (other than subscription fees)
No minimum
2
119
Phone number

Frequently Asked Questions

Q: Do financial advisors check your credit?

A: A financial advisor isn’t required to check your credit unless you want them to. A financial advisor can help you improve your credit score if it is an area of concern for you. 

Q: Can I talk to a financial advisor for free?

A: Most financial advisors won’t charge you for the first consultation. Once you decide to invest with them, additional conversations are usually also free of charge.

Q: Do I need a financial advisor for retirement?

A: You can still retire without a financial advisor, but working with a professional can ultimately help you achieve your goals, saving you time and money. 

Working with a Financial Advisor in NYC

The right financial advisor or financial planner can ease the burden and uncertainty that comes with managing investments. They can help you strategize a plan, optimize your taxes, provide for your family and save for retirement. Working with a financial advisor will help you feel confident about achieving your short-term and long-term goals.  

Methodology

To determine the top financial advisors in New York City, we pored through all SEC-registered advisory firms who have an office in New York City. 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.