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Top Financial Advisors in Albany, NY

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Finding a Top Financial Advisor Firm in Albany, New York

Albany is one of the largest cities in New York State, so it should come as no surprise that there are plenty of financial advisor firms to pick from here. To help you differentiate between the options before you, we review each firm’s minimums, services, typical clientele, advisory certifications and more. SmartAsset has also created a free financial advisor matching tool that can connect you with financial advisors in your area, with the final choice of who to work with being up to you.

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Graypoint, LLC Graypoint, LLC logo Find an Advisor

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$2,152,569,977 $500,000
  • Financial planning
  • Portfolio management
  • Selection of other advisors
  • Family office services
  • Consulting services

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors
  • Family office services
  • Consulting services
2 Independent Family Office, LLC Independent Family Office, LLC logo Find an Advisor

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$492,084,143 No set account minimum
  • Financial planning
  • Portfolio management
  • Selection of other advisors
  • Reporting

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors
  • Reporting
3 Wealthpoint, LLC Wealthpoint, LLC logo Find an Advisor

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$406,244,499 Varies based on account type
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors

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4 Curran Wealth Management Curran Wealth Management logo Find an Advisor

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$565,000,000 Varies based on account type
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Publication of periodicals
  • Educational seminars

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Publication of periodicals
  • Educational seminars
5 Arista Wealth Advisors, Ltd. Arista Wealth Advisors, Ltd. logo Find an Advisor

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$229,405,735 $250,000
  • Financial planning
  • Portfolio management
  • Pension consulting

Minimum Assets

$250,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
6 Greenbush Financial Group, LLC Greenbush Financial Group, LLC logo Find an Advisor

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$302,774,702 $50,000
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Publication of periodicals

Minimum Assets

$50,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Publication of periodicals
7 AllSquare Wealth Management, LLC AllSquare Wealth Management, LLC logo Find an Advisor

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$250,000,000 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
8 Arista Advisory Group, LLC Arista Advisory Group, LLC logo Find an Advisor

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$181,307,645 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting

How We Found the Top Financial Advisor Firms in Albany, New York

To find the top financial advisors in Albany, New York, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:

Graypoint

Graypoint, LLC

Graypoint, formerly known as JNB Advisors, is a fee-only firm that takes the top spot on our list. The firm's client base is dominated by high-net-worth individuals, as none of its individual clients come in below the high-net-worth threshold. Institutional clients of the firm include charitable organizations, businesses, retirement plans and government entities. There is a $500,000 minimum investment requirement for new clients of Graypoint. However, the firm may be willing negotiate this minimum.

The services at Graypoint are split into two general categories: investment advisory services and holistic family office/financial planning services. Its set of investment offerings includes helping client build a portfolio according to their needs. Financial planning services are holistic and can involve tax and cash flow planning, retirement planning, estate planning, death and disability planning, insurance review and planning, budget planning and more.

Graypoint Background

Graypoint is the most recently formed firm on this list, as it was established in 2019. The firm came about following the merger of two former Albany-based firms called Hugh Johnson Advisors and Bender Lane Advisory. While both of these firms still operate as subdivisions of Graypoint, they are no longer independent.

On-staff at this firm, there are such certifications as chartered financial analyst (CFA), certified financial planner (CFP) and certified public accountants (CPAs).

Graypoint Investment Strategy

Graypoint bases every client portfolio it creates on what the client is looking for. More specifically, the firm will focus on important factors like your time horizon, risk tolerance, income needs, liquidity needs and overall financial and investment goals. To further flesh out the picture of your finances, the firm may also look into your past investment history, tax situation, background and family composition.

When it comes to the management and investment of your assets, the firm can do so on either a discretionary or non-discretionary basis. The firm is open to investing in a number of different securities, such as stocks, bonds, mutual funds, exchange-traded funds (ETFs), certificates of deposit (CDs), corporate and government debt securities, options and structured notes. On some occasions, the firm may even invest in hedge funds and private equity/venture capital partnerships.

Independent Family Office

Independent Family Office, LLC

Independent Family Office is one of the most high-net-worth-centric firms on this list. In fact, the firm’s entire client base is comprised of individuals and families with a high net worth. So while the firm does not state a specific account minimum, it’s clear that its focus is on high-net-worth and affluent clients.

This fee-only firm does not receive any third-party commissions, as the entirety of its compensation comes from client-paid fees. Unfortunately, an overview of advisory certifications for the firm's employees and advisors is unavailable.

Independent Family Office Background

Managing member W. Michael Reickert is the sole principal owner of Independent Family Office. The firm has been in business since 2005.

Investment supervisory services at this firm include asset allocation planning, risk tolerance assessment, tax liability planning, cash flow projections and more. On the other hand, financial planning is much more open and revolves around tax planning, charitable gift planning, retirement planning, estate planning and risk management.

Independent Family Office Investing Strategy

Independent Family Office isn’t shy about using a wide range of securities when investing client assets. In fact, according to its Form ADV, the firm considers investing in exchange-traded funds (ETFs), equities, corporate bonds, mutual funds, U.S. government securities, options contracts, municipal bonds and CDs.

Not all of the above investments will make the cut into your portfolio. Instead, your risk tolerance, time horizon and other applicable factors will determine the makeup of your portfolio.

Wealthpoint

Wealthpoint, LLC

Wealthpoint, formerly known as Capital Financial Planning, LLC is next on our list. The vast majority of these are individuals beneath the high-net-worth threshold. The fee-based firm also provides advisory services to high-net-worth individuals, pension and profit-sharing plans, businesses, charitable organizations and a single not-for-profit lobbying organization.

There is no minimum investment needed to work with Wealthpoint. Some of the firm's advisors can sell insurance products or securities on a commission basis, which represents a potential conflict of interest. The firm is still a fiduciary, though.

Wealthpoint Background

Wealthpoint was originally opened in 2003, but it achieved its status as a registered investment advisor (RIA) in 2016. President, CEO and chief compliance officer (CCO) Todd Slingerland founded the firm and remains its principal owner.

Long-term investment management and financial planning services are available through this firm. While investment management is fairly straightforward, financial planning encompasses retirement planning, investment planning, personal savings planning, education funding planning and more.

Wealthpoint Investing Strategy

Wealthpoint believes long-term investing is the safest route to solid returns. More specifically, this long-term angle means the firm prefers to leave investments in a client’s portfolio for at least a year at a time. Should your income needs or rebalancing call for it, though, the firm may sell securities before you reach that mark.

Curran Wealth Management

Curran Wealth Management

Curran Wealth Management has one of the largest advisory staffs on this list. This group includes such certifications as certified financial planner (CFP) and chartered financial analyst (CFA). The firm is known to work with individuals with and without a high net worth, businesses, pension and profit-sharing plans and charitable organizations.

The minimum account sizes and annual fees at this firm vary depending on the services you’re looking for:

  • Portfolio management accounts: $100,000
    • Accounts below $333,333: $2,500 minimum annual fee
  • Wrap fee accounts: $100,000
    • Accounts below $143,000: $2,500 minimum annual fee
  • Institutional accounts: $3,000,000, with a minimum annual fee of $15,000 to $22,500

This fee-based firm employs advisors that can earn commissions when they sell certain insurance products or securities, which has the potential to be a conflict of interest. Regardless, the firm is a fiduciary and is therefore legally bound to act in your best interest.

Curran Wealth Management Background

Thomas J. Curran founded Curran Wealth Management in 2004, and currently acts as its CEO. He runs the firm with president and chief investment officer (CIO) Kevin T. Curran, and the duo have about 60 years of combined experience managing client assets. Thomas Curran is the firm’s sole owner.

The firm splits its services into investment management and financial planning offerings. The former involves investing assets according to the firm’s overarching philosophy, whereas financial planning is more goal-based. Some examples of this are retirement planning, education cost planning, tax preparation services, insurance analysis and more.

Curran Wealth Management Investing Strategy

When you become a client of Curran Wealth Management, your advisor will go over your personal risk tolerance, time horizon, investment goals and income needs. Based on this all-important information, the firm will throw together an asset allocation that fits what you’re looking for. When it comes to specific investments, Curran normally utilizes equities, bonds, warrants, commercial paper, CDs, mutual funds, exchange-traded funds (ETFs), money market accounts and more.

Arista Wealth Advisors

Arista Wealth Advisors, Ltd.

Arista Wealth Advisors has one certified financial planner (CFP) across its advisory staff. This team manages client assets for a collection of non-high-net-worth individuals, high-net-worth individuals and pension and profit-sharing plans. The firmrecently began imposing a $250,000 minimum for investment advisory services.

Arista Wealth is a fee-based firm, which means some of its compensation comes from third-party commissions for things like insurance sales. However, the firm is a fiduciary and is legally obligated to act in the best interest of clients at all times.

Arista Wealth Advisors Background

Arista Wealth Advisors was formed in 1988, making it the lone firm on this list that came into existence prior to the current millennium. President Timothy E. Casserly founded the firm, though he now shares ownership of it with vice president and partner Karin J. Lopez.

Investment supervisory services are available at Arista Wealth, but most of what it does revolves around financial planning. To be specific, its advisors deal with insurance needs analysis, retirement planning strategies, income tax planning, estate planning and wealth preservation, cash flow analysis and more.

Arista Wealth Advisors Investing Strategy

Arista Wealth Advisors chooses to focus on the ratio of securities in your portfolio rather than individual security selection. This asset allocation-based approach dictates that the full composition of a portfolio is a major determinant in terms of both return and risk. In addition to this, the firm will look to diversify your assets across multiple asset classes and market sectors.

Greenbush Financial Group

Greenbush Financial Group, LLC

Greenbush Financial Group offers both investment management and financial planning services to clients. Financial planning can cover a range of topics, such as investment consulting, tax planning, risk management, retirement planning, estate planning, cash flow optimization and more. Investment management involves the design and supervision of a personally created investment portfolio.

Generally speaking, you'll need at least $50,000 in investable assets to become a client of Greenbush Financial Group, though this requirement is negotiable. The firm's client base is dominated by non-high-net-worth individuals, but it also includes high-net-worth individuals, retirement plans and businesses.

As a fee-based firm, certain on-staff advisors at Greenbush can receive commissions from the sale of specific insurance products or securities. Although this presents a potential conflict of interest, the firm is legally bound by fiduciary duty to act in clients' best interests at all times.

Greenbush Financial Group Background

Greenbush Financial Group has been around since 2000 when it was founded by partner David Wojeski. Today, the firm is owned by both Wojeski and partner and chief investment officer (CIO) Michael Ruger.

Despite its relatively small team of advisors, Greenbush boasts a number of advisory certifications, including certified financial planner (CFP), certified public accountant (CPA), qualified 401(k) plan administrator (QKA) and certified divorce financial analyst (CDFA).

Greenbush Financial Group Investment Strategy

When deciding which investments to invest client assets in, Greenbush Financial Group utilizes a combination of fundamental and technical analysis. Fundamental analysis uses an evaluation of a security or company's tangible and intangible factors, economic factors, qualitative factors and more to determine its intrinsic value. On the other hand, technical analysis evaluates the value of a security by looking at overall market activity, historical prices and past volume.

Greenbush uses both long- and short-term purchases within its clients' portfolios, which gives it the flexibility to meet clients goals regardless of their associated time horizon. The firm sometimes uses other investment strategies as well, including option writing, short sales and trading.

AllSquare Wealth Management

AllSquare Wealth Management, LLC

AllSquare Wealth Management is a fee-based firm that comes in next on our list. Most of AllSquare’s client funds belong to high-net-worth individuals, but non-high-net-worth individuals comprise the majority of its client base. The firm also maintains relationships with pension and profit-sharing plans and charitable organizations. There is no minimum needed to become a client here.

Some advisors at this firm can earn commissions off the sale of specific insurance products or securities. While this has the potential to be a conflict of interest, the firm is a fiduciary and must act in its clients’ best interests at all times.

AllSquare Wealth Management Background

AllSquare Wealth Management has been providing advisory services since 2010. Principals Douglas J. Bauer and Daniel D. Bauer own the firm and boast more than 60 combined years of experience in the financial services industry.

Financial planning services at this firm cover retirement income projections, financial statement development, income tax planning, college education funding, existing investment analysis, risk management review and more. If you’d prefer a more general approach, the firm offers investment management as well.

AllSquare Wealth Management Investing Strategy

In its Form ADV, AllSquare Wealth Management states that its strategy is “based on the underlying premise that publicly traded financial markets are efficient and that any attempt to distinguish attractive from unattractive securities is futile.” The firm will work to develop a specific asset allocation for you that features passively-managed securities, such as exchange-traded funds (ETFs), open-ended mutual funds and individual treasury securities.

Should your asset allocation stray from its target, the firm will rebalance your portfolio as needed. The same may be done if your overall investing goals shift at all.

Arista Advisory Group

Arista Advisory Group, LLC

Arista Advisory Group rounds out our Albany list. As all of its compensation comes from client-paid fees, this firm is a fee-only operation.

There are far more non-high-net-worth individual clients at this firm than their high-net-worth counterparts. Charitable organizations and pension and profit-sharing plans also hold accounts at this firm. Arista Advisory does not have a minimum investment needed to become a client.

Arista Advisory Group Background

Having been established in 2016, Arista Advisory Group is one of the youngest firms on this list. Managing partner and chief compliance officer (CCO) Gerald Max Schwartz both principally owns the firm and founded it. Schwartz is a true veteran of the financial services industry, having worked in it for over 40 years.

If you subscribe to portfolio management services at Arista Advisory, you’ll receive asset allocation planning, investment strategy customization and regular portfolio monitoring. Financial planning clients will have access to retirement planning, college fund planning, debt/credit planning, tax planning, life insurance analysis and investment planning.

Arista Advisory Group Investing Strategy

For the most part, Arista Advisory Group tends to use long-term trading strategies during its investment process. What this really means is that the firm looks to make investments in securities that it will ideally hold onto for at least one year. This approach is intended to reduce transaction costs and keep your returns more stable.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research