Finding a Top Financial Advisor in New York, New York
Finding the best financial advisor is a challenging undertaking; doing so in a city as large as New York can be downright overwhelming. We're here to help. We narrowed down the vast array of firms in New York to this list of the top 10 financial advisors. In the charts and reviews below we’ve laid out what sets these top New York firms apart from one other, with info on their account minimums, areas of expertise and investment philosophies.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Silvercrest Asset Management Group, LLC Find an Advisor||$25,070,080,215||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Cerity Partners, LLC Find an Advisor||$24,682,540,139||$2,000,000|| || |
|3||Rockefeller Capital Management Find an Advisor||$5,419,902,221||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|4||BBR Partners, LLC Find an Advisor||$17,886,900,000||$20,000,000|| || |
|5||Tiedemann Advisors, LLC Find an Advisor||$17,318,958,800||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Summit Rock Advisors, LP Find an Advisor||$15,799,443,011||$100,000,000|| || |
|7||Evercore Wealth Management, LLC Find an Advisor||$9,196,873,340||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||TAG Associates, LLC Find an Advisor||$8,349,620,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|9||Williams Jones Wealth Management, LLC Find an Advisor||$8,157,666,074||$1,000,000|| || |
|10||Tocqueville Asset Management, LP Find an Advisor||$7,770,205,895||Varies based on account type|| || |
Minimum AssetsVaries based on account type
How We Found the Top Financial Advisors in New York City
We identified all advisor firms in New York City that are registered with the U.S. Securities and Exchange Commission (SEC). We then eliminated any firms that had disclosures of disciplinary issues over the past ten years, did not have financial planners or did not manage individual accounts. From there, we sorted the firms according to assets under management, from highest to lowest. The top 10 firms made this list of New York City financial advisors. All information is accurate as of the writing of this article.
Silvercrest Asset Management Group
Silvercrest Asset Management Group, LLC's account minimum is not set at any amount, though the majority of the firm's clients are high-net-worth individuals. Silvercrest describes its typical client as someone with “significant financial assets, and in the case of families, often spread across multiple generations and among varying individual, retirement, trust and estate-planning vehicles.”
The fee-only firm employs certified financial planners (CFPs), chartered financial analysts (CFAs) and certified public accountants (CPAs) on staff.
Silvercrest Asset Management Group Background
Silvercrest Asset Management LLC was founded in 2001, but its managing directors average about 30 years of wealth management experience. The firm handles issues including business succession planning, estate and tax planning and investing for retirement. It also works with family foundations and endowments, and helps clients diversify from concentrated stock holdings or privately held assets.
Each Silvercrest senior portfolio manager is a shareholder in the firm. The company says the goal of this is to add an extra incentive for advisors to perform optimally. The firm also regularly conducts peer reviews to ensure that its clients are receiving the best possible advice and input.
Silvercrest Asset Management Group Resources
Silvercrest posts quarterly economic commentary and seasonal market and economic insights at least once a month on its website.
Cerity Partners, LLC is the next firm on our list of the top financial advisors in New York City. It also makes our list of the top financial advisors in the U.S. Cerity is a large firm, working with a wide range of clients. These include mainly individuals both with and without a high net worth. Other clients are pensions, profit sharing plans, government entities and businesses. In order to work with Cerity, you'll need at least $2 million in investable assets, though this requirement is waivable.
Cerity Partners is a fee-only firm. It does not receive third-party commissions, instead only receiving fee directly from clients in exchange for advisory services.
Cerity Partners Background
Cerity Partners was founded in 2009. It's ownership is deep, as the firm is controlled by Cerity Partners Equity Holding LLC. This holding company is controlled by Cerity Partners EOE, LLC, which is owned by employees of Cerity Partners along with Cerity Partners Holdings, LLC. Cerity Partners Holdings, LLC is a wholly-owned subsidiary of Lightyear Fund IV AIV-1, L.P. Kurt Miscinski serves as the president and CEO of Cerity Partners. He is a certified public accountant and works in the firm's Chicago office. Along with New York and Illinois, the firm has offices in California, Colorado, Ohio, Michigan and Texas.
The firm provides a variety of financial services to clients, such as investment advisory, wealth planning, tax services, financial counseling and retirement plan services.
Cerity Partners Investment Strategy
Cerity Partners works to determine the investment objectives of each client so that advisors can provide customized investment strategies to the best of their ability. Through conducting meetings with clients, advisors determine, on a more granular level, a client's risk tolerance, liquidity needs, time horizon, investment restrictions and any other pertinent information.
The firm uses both primary assets classes and sub-asset classes when it comes to creating asset allocation strategies and populating portfolios. These include cash and cash equivalents, global fixed-income, global equity, real return, hedge funds and private equity.
Rockefeller Capital Management
Rockefeller Capital Management is an advisory firm that started out managing the wealth of John D. Rockefeller, considered to be the wealthiest person in American history.
Rockefeller Capital Management, a fee-based firm, requires varying minimums depending on account type and strategy. The firm’s client base includes individuals, high-net-worth individuals, pooled investment vehicles, charitable organizations, corporations, pension plans, investment companies, banking institutions, government entities, insurance companies and sovereign wealth funds.
Rockefeller Capital Management Background
John D. Rockefeller first established an investment management company to manage his family’s financial interests back in 1882. That company eventually morphed into Rockefeller Capital Management which has been registered with the SEC in its current form since 1980. The firm’s owners include a trust representing the Rockefeller family and investment funds affiliated with Viking Global Investors, L.P.
The firm provides asset management services, wealth management services, strategic advisory services for business transactions and general financial advice.
Rockefeller Capital Management Investment Philosophy
Like many firms, Rockefeller Capital Management’s investment management process begins with determining each client’s goals, objectives and risk tolerance. Once these factors are established, the firm will construct an appropriate strategy. In general, the firm seeks to create an asset allocation that diversifies risk among several different asset classes and industry sectors.
The firm believes that active portfolio management, along with a portfolio and asset allocation that’s tailored to each client’s needs, has more potential to add significant value over time than a passive management strategy. Exceptions to this preference do exist, however, especially in cases where trading costs may be inordinately high.
BBR Partners, LLC is a fee-only advisory firm with a very high account minimum of $20 million dollars, making it one of the most exclusive on this list. The firm has a very large team of advisors on staff, including certified financial planners (CFPs), chartered financial analysts (CFAs) and certified public accountants (CPAs).
The vast majority of BBR’s clients are high-net-worth individuals. However, the firm also works with some non-high-net-worth individuals in spite of the high account minimum, as well as pooled investment vehicles, charitable organizations and corporations.
BBR Partners Background
BBR Partners was founded in 1999 and first registered with the SEC in 2000. Brett H. Barth and Evan M. Roth are the principal owners of the firm.
The firm provides investment advisory services and gives advice on non-investment matters such as estate planning, tax planning, insurance planning, family education and philanthropic planning, among others.
BBR Partners Investment Philosophy
BBR Partners centers its investment strategies around each client’s investment objectives, wealth management needs and risk tolerance. The firm seeks to develop an asset allocation that secures steady growth while also meshing well with those factors specific to each client.
The firm typically allocates client assets among a range of equity and fixed income third-party managers, mutual funds, exchange-traded funds (ETFs), exchange-traded notes (ETNs) and private investment funds.
Tiedemann Advisors, LLC is a fee-only firm, which means all of its compensation comes from client-paid fees. Among the firm's advisors are certified financial planners (CFPs), chartered financial analysts (CFAs), certified public accountants (CPAs), chartered alternative investment analysts (CAIAs) and certified investment management analysts (CIMAs).
The firm doesn’t impose any explicit account minimum. However, certain funds or sub-advisors may have independent account minimums that may affect where the firm can allocate your assets.
The firm works mostly with high-net-worth individuals, but its clients also include charitable organizations and corporations.
Tiedemann Advisors Background
Founded in 2008 by Carl, Michael and Craig Tiedemann, the firm is owned by Tiedemann Wealth Management Holdings, LLC, which is jointly owned by Michael and Craig Tiedemann. The two also serve as CEO and president, respectively.
The firm provides discretionary and non-discretionary investment advisory services, as well as investment consulting services and other general consulting services. Typically, Tiedemann will act as a manager of managers, allocating some or all of a client’s portfolio to be managed by a third-party sub-advisor.
Tiedemann Advisors Investment Philosophy
As mentioned above, Tiedemann Advisors typically uses third-party money managers to allocate its clients’ assets, whether it be directly through managed accounts or indirectly through mutual funds, exchange-traded funds (ETFs), exchange-traded notes (ETNs) or private investment funds.
The firm’s investment process typically begins with broad, macroeconomic research and fundamental analysis in order to come up with broad asset allocations that may bring about an attractive potential return. The firm then uses a proprietary risk optimization tool to formulate more specific asset allocation frameworks that make sense for each client’s investment objectives and risk tolerance.
Summit Rock Advisors
Summit Rock Advisors, LP takes the next spot on our list of the top financial advisory firms in New York. This firm has an incredibly high minimum asset requirement, as you'll need at least $100 million to open an account. As a result, the firm has fewer clients than some of the other firms on the list. As you can imagine, all individuals accounts at Summit Rock belong to high-net-worth individuals. Other client include pooled investment vehicles and charities.
Summit Rock is a fee-only firm, as advisors do not receive third-party commissions from selling securities or insurance. A fee-based firm is different, as one collects commissions and is subject to a potential conflict of interest as a result.
Summit Rock Advisors Background
Summit Rock was founded in 2007. David Dechman, the firm's CEO and Nancy Donohue, the firm's chief investment strategist are the firm's co-founders and principal owners. The firm's website doesn't share much information, so to find out more about the company or if you're interested in working with Summit Rock, you'll need to reach out directly.
Summit Rock looks to provide clients with holistic wealth management services. This involves rolling together investment management and financial planning to help clients reach their financial and investment goals.
Summit Rock Advisors Investment Strategy
Summit Rock's investment strategies are based around the individual wants, needs and financial goals of each client. Advisors take into account all aspects of a client's financial situation before taking action. They use information about a client's investment history, tolerance for risk, liquidity needs and a handful of other factors before creating an investment management plan that works for the client.
Advisors place significant emphasis on preserving capital, reducing volatility and increasing the long-term purchasing power of all of their clients. The following six factors also play an incredibly important role in helping advisors craft investment strategies:
- Asset allocation with broad asset class diversification
- Access to investment managers
- Due diligence
- Liquidity management
- Investment implementation advice and support
- Integration of legal, governance and other factors that impact financial results
Evercore Wealth Management
Evercore Wealth Management, LLC works in conjunction with Evercore, a top global investment banking advisory firm and Evercore Trust Company. Among the firm’s advisors are certified financial planners (CFPs) and certified trust and financial advisors (CTFAs). The fee-based firm has no set account minimum.
Evercore Wealth Management Background
Evercore Wealth Management was founded in 2008 by the investment banking advisory firm Evercore. Evercore Wealth Management collaborate with colleagues at Evercore. Additional fees may apply for these intercompany arrangements.
Evercore Wealth Management states it works to ensure its clients know what to expect for their money in every scenario. To do this, Evercore Wealth Management projects investment returns across an array of scenarios, taking into account all associated costs. The firm then uses that information to build discrete portfolios. The approach can be helpful to clients by showing the impacts of costs and risks, as well as how a market downturn may affect a portfolio.
Evercore Wealth Management Resources
Evercore Wealth Management puts out an extensive quarterly journal called “Independent Thinking." It covers topics like investing internationally, estate planning and illiquid assets.
Founded in 1983, TAG Associates is one of the oldest firms on this list. While there isn't a set account minimum for new clients, its individual clients are only those with a high net worth.
The multi-client family office and portfolio management services firm has multiple certified public accountants (CPAs) on the team. However, TAG only has one certified financial planner (CFP) and one chartered financial analyst (CFA).
TAG Associates Background
TAG Associates’ senior management group averages more than 25 years of experience in finance and investment. TAG takes a team approach, and each client is served by the firm’s managing directors.
TAG is registered as a Commodity Trading Advisor and a commodity pool operator. The firm says that, when appropriate, it will pool clients’ assets to gain better access and diversification.
TAG’s goal is to preserve and grow its clients’ wealth from one generation to the next, and says that it stays on the forefront with the tools it uses to achieve this goal. TAG states that advisors are routinely considering how the latest developments in investment strategy, tax law and estate planning may impact its clients.
TAG Associates Investing Strategy
TAG Associates is a recognized leader in the alternative investments space. The firm has allocated more than a third of its assets under management to alternative investments. It also uses separately managed accounts, mutual funds and (on occasion) the short-term purchase of securities.
TAG Associates has an in-house investment team that performs all investment manager and strategy due diligence. Before the firm selects any manager, its team conducts manager visits and evaluates their portfolio management, strategy and performance, as well as examining their past performance and experience.
Williams Jones Wealth Management
Williams Jones Wealth Management, LLC is the next firm on our list of the top financial advisors in New York. Despite being further down on our list, this firm is still quite large, requiring client to have at least $1 million in investable assets. Williams Jones works with a wide range of clients. The majority are high-net-worth individuals, while others are non-high-net-worth individuals, pooled investment vehicles, pensions, profit sharing plans, charities, other corporations and one tax district.
As a fee-only firm, Williams Jones does not receive third-party commissions. No advisors are registered as insurance agents or broker-dealers. They only receive advisory fees directly from clients, unlike a fee-based firm.
Williams Jones Wealth Management Background
Technically founded in 1988, Williams Jones has gone through changes over the past several decades. It acquired the advisory business of Williams, Jones & Associates, LLC, which originally became registered as an investment advisor in 1988. The firm today is part of the Focus Financial Partners, LLC partnership. No one owns more than 25% of Williams Jones. The firm is managed by William P. Jones, Jr., Barbara A. Tarmy, John J. Eager, Malcolm L. Macpherson, Jr., Thomas H. MacCowatt, Maureen C. Tompkins, David A. Rosenfeld, John B. Cummings, Henry A. Wilmerding, III, Jeff Schweon, Hoa V. Le, J. Douglas Kelly, Jr. and Karen Y. Ma. These are the principals of the firm.
Williams Jones mainly provides clients with portfolio management and financial planning services. Clients can work with the firm on either a discretionary or non-discretionary basis, though the majority of assets are managed on a discretionary basis.
Williams Jones Wealth Management Investment Strategy
Like most financial advisory firms, Williams Jones provides tailored investment strategies for its clients. This process involves meeting with clients to determine their overall financial profile, including information such as tolerance for risk, liquidity needs, time horizon, investment history, investment restrictions and any other relevant information that advisors can use to craft tailored portfolios.
When it comes to crafting client portfolios, Williams Jones and its advisors primarily use stocks, bonds, bond funds, mutual funds, exchange-traded funds (ETFs) and private investment funds. Advisors focus on long-term growth and proper asset allocation. The four main elements of the firm's investment process are asset allocation, equity management, fixed-income management and alternative investments.
Tocqueville Asset Management
Tocqueville Asset Management, LP's clients include non-high-net-worth individuals, high-net-worth individuals, investment companies, pooled investment vehicles, pension plans, charitable organizations, government entities, insurance companies and corporations.
You’ll need at least $5 million in investable assets for certain accounts at this firm, while other accounts are designed for those with less. The firm has a large staff of advisors, many of whom are chartered financial analysts (CFAs).
Tocqueville Asset Management Background
Tocqueville Asset Management has been a registered investment advisor since 1990. The firm is 62% owned by Tocqueville Management Corp., an employee-owned general partner. John Hathaway, James Hunt and a dynasty trust for the benefit of the children of Robert W. Kleinschmidt own the remainder of the firm. Kleinschmidt is the chief investment officer and CEO of the firm.
The firm primarily offers investment advisory services on either a discretionary or non-discretionary basis. The firm may also provide consulting or planning services regarding matters such as estate planning, retirement planning, real estate, college financing, inheritance taxes and more.
Tocqueville Asset Management Investment Philosophy
Tocqueville researches and analyzes several categories of investments with separate investment teams made up of portfolio managers and research analysts. The teams are multi-cap equity, gold equity, international multi-cap equity, global equity, small cap equity, small-mid cap equity, small-mid cap growth equity, fixed income/balanced and real asset equity. Within these teams, the advisors rely on both fundamental and quantitative analysis to formulate investment decisions.
Depending the time horizon, investment objectives and risk tolerance of the client, the firm engages in a mix of strategies including buy and hold, leveraging, short selling and option trading, among others.