Top Financial Advisors in New York City, NY
Top Advisors in New York City
Median Advisor Fee
Compensation Types
Top Credentials
Frequently Asked Questions
How much does a financial advisor cost in New York City?
The median advisory fee in New York City, NY is 1.43% of assets under management. This is 24% 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 City?
There are 149 fee-only financial advisors in New York City, NY, representing 78% 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 City financial advisor?
The most common professional designation among New York City advisors is the CFP (Certified Financial Planner), held by 21 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.