Top Financial Advisors in Albany, NY
Top Advisors in Albany
Median Advisor Fee
Compensation Types
Top Credentials
Frequently Asked Questions
How much does a financial advisor cost in Albany?
The median advisory fee in Albany, NY is 1.50% of assets under management. This is 20% above the national median. Fees vary based on portfolio size, services provided, and the advisor's fee structure.
How many fee-only advisors are in Albany?
There are 270 fee-only financial advisors in Albany, NY, representing 59% of all advisors in the area. Fee-only advisors do not earn commissions from selling financial products, which can reduce potential conflicts of interest.
What credentials should I look for in a Albany financial advisor?
The most common professional designation among Albany advisors is the CFP (Certified Financial Planner), held by 72 advisors. Other important credentials include the CFA (Chartered Financial Analyst) and CPA (Certified Public Accountant). These certifications require rigorous education, examination, and ongoing continuing education.