Top Financial Advisors in New York, NY
Top Advisors in New York
Median Advisor Fee
Compensation Types
Top Credentials
Frequently Asked Questions
How much does a financial advisor cost in New York?
The median advisory fee in New York, NY is 1.25% of assets under management. This is 9% 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 New York?
There are 6,726 fee-only financial advisors in New York, NY, representing 42.3% 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 New York financial advisor?
The most common professional designation among New York advisors is the CFP (Certified Financial Planner), held by 1,000 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.