2022 Reviews

Top Financial Planners in New York City - 2022

LAST UPDATED 8 Dec, 2022
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List of the Top Financial Planners in New York City

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Bone Fide Wealth

Service Focus
16% Financial Planning
15% Asset Management
11% Financial Advisory
19% Budget Management
20% Retirement
19% Other
Service Focus
16% Financial Planning
15% Asset Management
11% Financial Advisory
19% Budget Management
20% Retirement
19% Other
For more than a decade, Douglas A. Boneparth has helped his clients negotiate sales of businesses; establish legacies for future generations; purchase new homes; pay off debt and achieve financial independence. Bone Fide Wealth equips their clients with the tools they need to apProach today’s reality and succeed. They are located in New York City.

Stash Wealth

Service Focus
18% Financial Planning
5% Asset Management
23% Financial Advisory
24% Budget Management
9% Retirement
21% Other
Service Focus
18% Financial Planning
5% Asset Management
23% Financial Advisory
24% Budget Management
9% Retirement
21% Other
Their team of brilliantly savvy finance people, has over a decade of experience in the Wealth Management Industry to help young Professionals get smart with all things money. They are a modern financial planning firm for H.E.N.R.Y.s™. Their expert’s will help you better understand how to be money savvy, build a personalized ?nancial game plan to achieve the lifestyle you want, and do it with the least amount of comPromise.

Lifelaidout

Service Focus
12% Financial Planning
1% Asset Management
0% Financial Advisory
16% Budget Management
37% Retirement
33% Other
Service Focus
12% Financial Planning
1% Asset Management
0% Financial Advisory
16% Budget Management
37% Retirement
33% Other
Roger Ma, is a NYC-based CERTIFIED FINANCIAL PLANNER, Certified Divorce Financial Analyst, and founder of lifelaidout. He work with people across the country to help them reach their financial goals, live great lives, and achieve peace of mind. He focuses on understanding your goals and where you want to go.
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 New York City

Frequently Asked Questions About Financial Planners

The particular cost tends to depend on the range of services your chosen financial planner offers you, as well as their experience. Nevertheless, thorough financial planning can cost anything from $2100 to $11,000 each year.

Financial Advisors come in 3 basic flavours:
Transactional Advisors/Brokers/Insurance Agents charge clients a percentage or fixed amount for each purchase (and, in the case of stocks, bonds, or options, each sale, as well).
Financial Advisors who charge a fixed dollar amount to provide advice: for example, a financial or retirement plan, an asset allocation or an inheritance, tax, or succession plan. These Advisors have no asset minimum.
Investment Advisors (aka, Wrap-fee advisors, Fiduciary Advisors, Asset Fee-Based Advisors) both Advise and also Invest the money. They charge a fee that is a percentage of the assets under management. Typically, minimums are $100–200k, but maybe as high as $500k or a Million.

Given that there are over 100 certifications available to those in the financial industry, the CFP certification certainly stands out. For one, to be a CFP, one must be a fiduciary. This means that every CFP must put the needs of their clients ahead of their own. It can be surprising to learn that the majority of financial professionals are not required by law to do this and it is for this reason that the CFP and the CFP board unique and important entities where consumer protections are mentioned.

It means that your financial planner follows the fiduciary standard. This is a standard that means your financial planner puts your best interests ahead of their own. For example, if your financial planner has two similar investment products with varying fees, your financial planner that is also a fiduciary would have no choice but to recommend the investment product that has the lower cost to you, even if that means they would make less money from it. It is a standard that is great for you, the client and not necessarily for the financial planner.

What it simply means is that:

  • They must act in your best interest
  • They must provide information pertaining to any conflict of interest that may arise
  • They must clearly define how their money is made (commissions, asset-based fees, upfront fees, and more).

Generally, any professional that is able to help you take care of your money is to be considered a financial advisor. However, a financial planner is a financial advisor working within a specific niche known as financial planning. If your goal is to have a program that helps you achieve your long-term financial goals, then a financial planner would be the go-to professional.

The role of a financial planner is to provide expert assistance and advice in order to help you reach any financial goals you have set for yourself. These goals typically depend on your needs and your situation. A financial planner is able to help you with saving and budgeting, investing, debt reduction, estate planning, insurance, retirement, and tax optimisation.

Accreditation and certification
When talking to someone about your money and financial future, it is imperative that you know the person you aim to work with is actually qualified for the job. It is important to note that whilst accreditation is a wonderful sign, it does not guarantee that the individual is a great financial planner. This is why you ask for referrals and references.

Pay structure
Every financial planner comes with their own unique pay structure, so you have to select the one that helps determine if an investment was smart as it was intended to be. Generally, you want to avoid working with financial planners on a commission basis. They are likely to think more about their commission than meeting your needs.

Listen out for questions
A great way to ascertain the ethics of your chosen financial planner is to just listen to them while they speak. Additionally, you will want to pay attention to how many questions they ask you. Given that all financial situations and goals are different, there isn’t a cookie-cutter option. It is best to steer clear of financial planners that say otherwise.

Conduct a background check
Given the peculiarity of the relationship, there will have to be a fair amount of trust and transparency for your relationship with the financial planner to be successful. This is where you will want to learn more about their background. Find out if they have ever been investigated by an investment regulatory body or have been convicted for a crime.

There are quite a number of questions to ask a financial planner when you first meet them, however, the most important question is one that you pose to yourself; you have to know what you want in an advisor. Try to discover the type of services you will require and how much you are willing to pay for those services. Thinking about these questions will help you determine what questions to ask before hiring a financial planner. Below are the questions you should ask when hiring a financial planner:

  • What are your credentials?
  • Are you a fiduciary?
  • How do you get paid?
  • What services do you offer?
  • What is your investment philosophy?
  • How will investments be picked for me?
  • What benchmarks are used?
  • Who is your custodian?
  • What are your typical clients like?
  • How much contact will we have?
  • Do you have anyone else that works with you?
  • What is your succession plan?
  • Is it possible to view a sample financial plan?
  • Why should I choose you?

Magnus Financial Group

Service Focus
9% Financial Planning
20% Asset Management
23% Financial Advisory
25% Budget Management
1% Retirement
22% Other
Service Focus
9% Financial Planning
20% Asset Management
23% Financial Advisory
25% Budget Management
1% Retirement
22% Other
Magnus Financial Group is an independent investment management firm. They Provide customized wealth management and financial planning services for clients in all phases of their lives. For over fifteen years, their advisors have put client needs first and have helped them achieve long-term financial success and security. The Magnus apProach to wealth management has been built around the need to develop a clearly defined strategy to help a spectrum of clients with varying financial goals.

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Association Of African American Financial Advisors

Service Focus
24% Financial Planning
21% Asset Management
16% Financial Advisory
18% Budget Management
4% Retirement
16% Other
Service Focus
24% Financial Planning
21% Asset Management
16% Financial Advisory
18% Budget Management
4% Retirement
16% Other
The ASSOCIATION OF AFRICAN AMERICAN FINANCIAL ADVISORS (AAAA) was created to address the needs and concerns of African American Financial Professionals. AAAA is a non-Profit membership organization for African American financial advisors and affiliated Professionals. They work in alliance with academic leaders at HBCUs that support financial planning degree Programs, legislative and regulatory bodies, financial services firms and consumer interest organizations.

Zoe Financial

Service Focus
31% Financial Planning
25% Asset Management
11% Financial Advisory
2% Budget Management
15% Retirement
15% Other
Service Focus
31% Financial Planning
25% Asset Management
11% Financial Advisory
2% Budget Management
15% Retirement
15% Other
The wealth management industry is flawed. It is fixated on selling investment Products with bloated hidden fees rather than Providing sound advice. The common financial advisor role as a salesperson Providing access to financial Products and trade execution remains the status quo, yet technological innovation has commoditized these tasks.

Pivotal Financial Services

Service Focus
32% Financial Planning
3% Asset Management
21% Financial Advisory
18% Budget Management
14% Retirement
13% Other
Service Focus
32% Financial Planning
3% Asset Management
21% Financial Advisory
18% Budget Management
14% Retirement
13% Other
Truly independent planning and consulting, offers clients access to the finest unbiased advice, Products and services. Pivotal Financial Services is a small independent minded boutique firm with the ability to make the pivotal choices needed to Provide their clients with superior personalized, Professional service that maintains their advantage over the larger impersonal, one size fits all firms.

Certified Financial Planner

Service Focus
1% Financial Planning
11% Asset Management
33% Financial Advisory
20% Budget Management
20% Retirement
15% Other
Service Focus
1% Financial Planning
11% Asset Management
33% Financial Advisory
20% Budget Management
20% Retirement
15% Other
With a CFP Professional, you get a financial planner partner committed to working in your best interest and the confidence that comes with building a comPrehensive plan. Whether you're starting a family, building a business, looking to make the most of life now, or planning for retirement, a CFP Professional can help you. They are based in New York City.

Safran Wealth Advisors

Service Focus
17% Financial Planning
20% Asset Management
24% Financial Advisory
10% Budget Management
13% Retirement
15% Other
Service Focus
17% Financial Planning
20% Asset Management
24% Financial Advisory
10% Budget Management
13% Retirement
15% Other
Erika Safran is founder of Safran Wealth Advisors. She has more than 30 years of experience Providing high net worth individuals and families with comPrehensive financial planning services. Erika understands the collaborative relationship required to help clients realize their dreams and make smart financial decisions. Erika has shared financial advice as a guest on CNBC, CNN, NY1, BBC News, and more.

Frisch Financial Group

Service Focus
29% Financial Planning
9% Asset Management
10% Financial Advisory
21% Budget Management
29% Retirement
3% Other
Service Focus
29% Financial Planning
9% Asset Management
10% Financial Advisory
21% Budget Management
29% Retirement
3% Other
Shawn has over 10 years of experience in the financial services field and specializes in financial planning and portfolio allocation strategies. Shawn earned a Certified Financial Planner designation in 2013 and holds a B.A. from Syracuse University. Shawn is currently an active member in the Long Island chapter of the Financial Planning Association. He is a lifelong auto enthusiast.

Francis Financial

Service Focus
0% Financial Planning
22% Asset Management
23% Financial Advisory
14% Budget Management
40% Retirement
2% Other
Service Focus
0% Financial Planning
22% Asset Management
23% Financial Advisory
14% Budget Management
40% Retirement
2% Other
Francis Financial was formed in 2002 with the purpose of doing things differently in the wealth management industry. This means Providing clients with independent advice, transparency and individual attention. They continuously work hard to maintain the boutique feel our clients love us for. They are serving the whole of New York.

Clarfeld Financial Advisors,

Service Focus
4% Financial Planning
14% Asset Management
12% Financial Advisory
29% Budget Management
25% Retirement
17% Other
Service Focus
4% Financial Planning
14% Asset Management
12% Financial Advisory
29% Budget Management
25% Retirement
17% Other
Rob Clarfeld had a vision for a Client-Driven, ComPrehensive wealth management firm of unmatched technical expertise. At the time, the Prevalent business model within the industry was that of a single-disciplined, narrowly focused expertise, supplemented by the outsourcing of complementary services. They manage over $6 billion of assets on behalf of their clients, wholude senior corporate executives, Professionals, business owners, and other high net worth individuals and their related entitiesluding trusts and charitable foundations.

Felton & Peel Wealth Management

Service Focus
10% Financial Planning
18% Asset Management
17% Financial Advisory
20% Budget Management
11% Retirement
24% Other
Service Focus
10% Financial Planning
18% Asset Management
17% Financial Advisory
20% Budget Management
11% Retirement
24% Other
At Felton and Peel Wealth Management, their dedicated team of Professionals Provide comPrehensive financial planning the un-traditional way; through a monthly subscription service based on fiduciary standards. They are financial planners making a difference. Over their collective 50 plus years of experience, they’ve witnessed the tidal wave-like shift in the financial services industry that has swept in the need for a more authentic and transparent apProach.

Thinking Big Financial

Service Focus
15% Financial Planning
5% Asset Management
20% Financial Advisory
33% Budget Management
1% Retirement
27% Other
Service Focus
15% Financial Planning
5% Asset Management
20% Financial Advisory
33% Budget Management
1% Retirement
27% Other
The firm’s name, Thinking Big Financial, took shape out of the idea of thinking bigger about my future. Their mission is to help people to think big about their own lives and take the steps necessary to get to the future they envision. It is my core belief that many of their aspirations in life however big or small require thoughtful planning.

Green America

Service Focus
23% Financial Planning
19% Asset Management
28% Financial Advisory
25% Budget Management
2% Retirement
4% Other
Service Focus
23% Financial Planning
19% Asset Management
28% Financial Advisory
25% Budget Management
2% Retirement
4% Other
Green America works for a world where all people have enough, where all communities are healthy and safe, and where the bounty of the Earth is Preserved for all the generations to come. Green America operates as a collaborative and participatory workplace, where staff members reach consensus through democratic decision-making Processes on key strategic issues for the organization

Regentatlantic Capital

Service Focus
26% Financial Planning
22% Asset Management
10% Financial Advisory
29% Budget Management
7% Retirement
5% Other
Service Focus
26% Financial Planning
22% Asset Management
10% Financial Advisory
29% Budget Management
7% Retirement
5% Other
At Regent Atlantic they define Wealth Management as the integration of financial planning and investment management to help their clients achieve their personal and financial goals. All of their wealth management advisors are fiduciaries, a legally defined standard of guidance and service that means an advisor is required to always act in his or her clients’ best interests. They are located in United States.

The Vanguard Group

Service Focus
12% Financial Planning
19% Asset Management
6% Financial Advisory
22% Budget Management
23% Retirement
18% Other
Service Focus
12% Financial Planning
19% Asset Management
6% Financial Advisory
22% Budget Management
23% Retirement
18% Other
Vanguard Personal Advisor Services is the digital investing brand of the year, receiving the highest numerical equity score and the highest numerical score relating to Trust and Love among digital investing brandsluded in the 2019 Harris Poll EquiTrend Study, which is based on opinions of 45,541 U.S.

Forest Hills Financial Group

Service Focus
3% Financial Planning
6% Asset Management
4% Financial Advisory
12% Budget Management
33% Retirement
42% Other
Service Focus
3% Financial Planning
6% Asset Management
4% Financial Advisory
12% Budget Management
33% Retirement
42% Other
Hector M. Rivera, CFP, CLU is the Director of Investments and a Financial Advisor with Forest Hills Financial Group working in both the NYC. As a Certified Financial Planner, Hector helps his clients plan and achieves the goals that are most important to them. With over a decade of wealth management experience, as Director of Investments, Hector trains the firm’s financial advisors on investment strategies that will help achieve client goals and guide clients through the changing financial markets.

Savvy Ladies

Service Focus
4% Financial Planning
27% Asset Management
21% Financial Advisory
17% Budget Management
14% Retirement
18% Other
Service Focus
4% Financial Planning
27% Asset Management
21% Financial Advisory
17% Budget Management
14% Retirement
18% Other
Stacy Francis is the Founder, CEO and President of Francis Financial, a Wealth Management and Financial Planning firm. With over 18 years of experience in the financial industry, she is a CERTIFIED FINANCIAL PLANNER, a Certified Divorce Financial Analyst, and a Certified Estate Planning Specialist. She is the Co-Director of the Association of Divorce Financial Planners’ Greater New York Metro Chapter and a member of the Women Presidents’ Organization.

Prestige Wealth Management Group

Service Focus
4% Financial Planning
32% Asset Management
20% Financial Advisory
12% Budget Management
14% Retirement
18% Other
Service Focus
4% Financial Planning
32% Asset Management
20% Financial Advisory
12% Budget Management
14% Retirement
18% Other
At Prestige Wealth Management Group, as a family-owned business, they believe in treating their clients with the same care as they would a member of their own family. Just as you invest your money, they invest their time forming true, meaningful relationships with every client. And when you choose us to navigate life’s financial burdens with you, they bring the highest level of personal service and financial guidance. That’s our commitment.

Edelman Financial Engines

Service Focus
19% Financial Planning
22% Asset Management
8% Financial Advisory
19% Budget Management
8% Retirement
24% Other
Service Focus
19% Financial Planning
22% Asset Management
8% Financial Advisory
19% Budget Management
8% Retirement
24% Other
At Edelman financial engine their team is made up of some of the brightest minds in the business. From their founders to our leadership team to their employees, everyone here wants to help make your retirement better. e planning a comPrehensive apProach that means they can help you with any decision in your life related to a dollar sign.