Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email
Loading
Tap on the profile icon to edit
your financial details.

The Top Financial Advisors in New York State

Your Details Done
by Updated

Finding a Top Financial Advisor Firm in New York

Seeking a financial advisor in the state of New York? You have a lot of firms to choose from. To help you sort through the available options, SmartAsset has compiled this list of the top financial advisor firms in the state. If you'd like to go a step further with your research, our free financial advisor matching tool can set you up with as many as three financial advisors in your area who can meet your specific needs.

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Summit Rock Advisors, LP Summit Rock Advisors, LP logo Find an Advisor

Read Review

$19,597,393,520 $100,000,000
  • Financial planning
  • Portfolio management
  • Advisor selection

Minimum Assets

$100,000,000

Financial Services

  • Financial planning
  • Portfolio management
  • Advisor selection
2 Steward Partners Investment Advisory Steward Partners Investment Advisory logo Find an Advisor

Read Review

$9,824,105,503 Varies based on account type
  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Financial consulting

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Financial consulting
3 Cerity Partners, LLC Cerity Partners, LLC logo Find an Advisor

Read Review

$26,709,486,918 $2,000,000
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Tax services
  • Bill pay

Minimum Assets

$2,000,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Tax services
  • Bill pay
4 East End Advisors, LLC Find an Advisor

Read Review

$6,297,197,144 $500,000,000
  • Financial planning
  • Portfolio management 
  • Selection of other advisors (including private fund managers)

Minimum Assets

$500,000,000

Financial Services

  • Financial planning
  • Portfolio management 
  • Selection of other advisors (including private fund managers)
5 Silvercrest Asset Management Group, LLC Silvercrest Asset Management Group, LLC logo Find an Advisor

Read Review

$27,818,588,520 No set account minimum
  • Financial planning
  • Portfolio management 
  • Selection of other advisors

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management 
  • Selection of other advisors
6 Manning & Napier Advisors, LLC Manning & Napier Advisors, LLC logo Find an Advisor

Read Review

$19,667,601,812 Varies based on account type
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters
  • Educational seminars/workshops

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters
  • Educational seminars/workshops
7 Tiedemann Advisors, LLC Tiedemann Advisors, LLC logo Find an Advisor

Read Review

$18,414,999,076 No set account minimum
  • Financial planning
  • Portfolio management
  • Advisor selection

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Advisor selection
8 Rockefeller Capital Management Rockefeller Capital Management logo Find an Advisor

Read Review

$23,782,907,681 Varies based on account type
  • Financial planning
  • Portfolio management
  • Advisor selection
  • Investment consulting
  • Tax services
  • Accounting
  • Family office services
  • Information management services

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning
  • Portfolio management
  • Advisor selection
  • Investment consulting
  • Tax services
  • Accounting
  • Family office services
  • Information management services
9 BBR Partners, LLC BBR Partners, LLC logo Find an Advisor

Read Review

$20,707,900,000 $30,000,000
  • Financial planning
  • Portfolio management
  • Advisor selection

Minimum Assets

$30,000,000

Financial Services

  • Financial planning
  • Portfolio management
  • Advisor selection
10 TAG Associates, LLC TAG Associates, LLC logo Find an Advisor

Read Review

$8,641,470,000 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)

How We Found the Top Financial Advisor Firms in New York

To find the top financial advisors in New York, we first identified all firms registered with the SEC in the state. Next we filtered out firms that don't offer financial planning services, firms that don't serve primarily individual clients and firms that have disclosures on their record. The qualifying firms were then ranked according to the following criteria: assets under management (AUM), number of clients, number of advisors, years in business and fee structure.  

Summit Rock Advisors

Summit Rock Advisors, LP

Summit Rock Advisors, based in New York City, takes the No. 1 spot on our list. Clients of Summit Rock Advisors include high-net-worth individuals, pooled investment vehicles, charitable organizations, family foundations and trusts, as well as independent foundations and endowments. The investment minimum at the firm is typically $100 million. 

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 Advisors was co-founded in 2007 by CEO David Dechman and Chief Investment Strategist Nancy Donohue. They are the firm's principal owners as well. 

The firm provides the following types of services:

  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)

Summit Rock Advisors Investment Strategy

The firm creates a structured process that prioritizes the most important issues for each client. Its investment philosophy emphasizes preserving capital, reducing volatility and increasing long-term purchasing power. 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

 

Steward Partners Investment Advisory

Steward Partners Investment Advisory

Steward Partners Investment Advisory has its main office in New York City. Members of its wealth management team have professional certifications that include chartered financial consultant (ChFC), certified financial planner (CFP), accredited wealth management advisor (AWMA) and certification for long-term care (CLTC). 

Clients of Steward Partners include the following: 

  • Individuals (including high-net-worth individuals)
  • Pension and profit-sharing plans
  • Trusts
  • Estates
  • Charitable organizations
  • Corporations 
  • Other business entities

Account minimums at the firm vary depending on the account. For example, a client would need to make a minimum $25,000 investment for the firm’s Ambassador Account tier. Clients who open an Ambassador account or Freedom Retirement Income Solution Strategies account must have a minimum of billable assets of $25,000. Freedom UMA minimums range from $300,000 - $1,000,000 and the Freedom Foundation Program is available for clients with a minimum of $5,000. For all other strategies, the minimum in billable assets is $50,000. Smaller accounts may be accepted based on the specific circumstances of an account.

Steward Partners is a fee-based firm, as advisors may collect commissions and are subject to a potential conflict of interest as a result.

Steward Partners Background

Steward Partners Investment Advisory, which also goes by Steward Partners Globally Advisory, was founded in 2016 by Jim Gold. Prior to starting the firm, Gold worked at Smith Barney for 18 years. Today, he serves as Steward Partners’ CEO and indirectly owns the firm with Hy Saporta through a holding company. Saporta, who worked at Citigroup, serves as president and chief operating officer.

The firm provides the following types of services:

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Financial consulting
  • A selection of other advisors (including private fund managers)

Steward Partners Investment Strategy

According to the Steward Partners Investment Advisory website, diversification in asset allocation is designed to reduce the inherent risk of investing. The firm therefore offers an extensive set of options for investment. Some of these options are banking and lending strategies, wealth planning and insurance planning.

Cerity Partners

Cerity Partners, LLC

Cerity Partners is a financial advisor firm that serves clients ranging from high-net-worth individuals, trusts, business entities, corporate pension and profit sharing plans, foundations, charitable institutions and endowments. The investment minimum at the firm is typically $2 million. 

Cerity Partners 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.

Cerity Partners Background

Cerity Partners has been in business since 2009. The firm is controlled by Cerity Partners Equity Holding LLC, a company that’s controlled by Cerity Partners EOE LLC. Cerity Partners EOE LLC is owned by Cerity Partners and Cerity Partners Holdings LLC, which is in turn a subsidiary of Lightyear Fund IV AIV-1, L.P.

Cerity has offices in New York, California, Illinois, Colorado, Michigan, Ohio and Texas. Kurt Miscinski is the firm’s president and chief executive officer (CEO).

The firm provides the following types of services:

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Tax services
  • Bill pay

Cerity Partners Investment Strategy

The firm uses asset allocation to reduce risk for each client’s investment portfolio. It uses six asset classes: cash and cash equivalents, global fixed income, global equity, real return, hedge funds and private equity. Additionally, Cerity also uses 16 sub-asset classes when developing client-specific allocations. 

The firm provides the following five investment risk profiles for tax-exempt and taxable portfolios: 

  • Conservative
  • Moderate
  • Balanced
  • Growth
  • Aggressive

East End Advisors

East End Advisors, LLC is a financial advisor firm that serves clients ranging from high-net-worth individuals, families, trusts and charitable institutions, foundations and endowments. The investment minimum at the firm is typically $500 million. 

East End Advisors is a fee-only firm, as advisors do not receive third-party commissions from selling securities or insurance.

East End Advisors Background

East End Advisors was founded in 2008. The principal owners of the firm are currently managing partners Brian R. Clifford (who has previously served as partner and head of research at Berens Capital Management), Peter A. Nadosy (who has served as president at Morgan Stanley in the late 1980s and early 1990s) and David R. Salomon (whose previous experience includes a managing director role at Grisanti Brown & Partners LLC from 2003-2008).  

The firm provides services such as financial planning, portfolio managment and a selection of other advisors (including private fund managers). 

East End Advisors Investment Strategy

East End Advisors helps clients by developing a tailored asset allocation strategy across all asset classes and setting investment goals and objectives. The majority of the firm's investment recommendations take a long-term approach, but the firm also uses other strategies (long- or short-term) overall. It aims to create diversified portfolio for clients, building across a wide variety of assets and drawing on quantitative, qualitative and other metrics to make its decisions.

Silvercrest Asset Management Group

Silvercrest Asset Management Group, LLC

Silvercrest Asset Management Group is a financial advisor firm that serves clients ranging from high-net-worth individuals; trusts, estates and charitable organizations; corporations or other business entities; institutions, including Taft-Hartley plans, governmental plans, municipalities and their pension plans; not-for-profit entities; limited partnerships and other private investment funds; and registered investment companies. The firm has not required a set account minimum for clients. 

It's important to note that Silvercrest Asset Management Group is a fee-only firm, as advisors do not receive third-party commissions from selling securities or insurance.

Silvercrest Asset Management Group Background

Silvercrest Asset Management Group was founded in 2001. It is a wholly owned subsidiary of Silvercrest LP. Silvercrest Asset Management Group Inc. is the general partner of Silvercrest LP. Silvercrest Asset Management Group, which is a publicly traded C corporation (Nasdaq symbol SAMG). Class A Common Shares of SAMG are owned by the public who invests in it and Class B Common Shares are owned by Silvercrest employees.  

The firm provides services such as portfolio management, financial planning, estate and tax planning and investing for retirement. 

Silvercrest Asset Management Group Investment Strategy

Silvercrest Asset Management Group uses specific objectives and guidelines for each client portfolio. The range of investment options for clients is unlimited, including the firm's own equity and fixed-income management, its funds and third-party investment managers. 

The approach the firm takes with equity portfolios is designed to seek compound annual returns with low levels of risk. This approach is conservative and long-term, and as such, portfolio turnover is low.

Manning & Napier Advisors

Manning & Napier Advisors, LLC

Manning & Napier Advisors, LLC (also known as MNA) is a financial advisor firm that serves clients ranging from high-net-worth individuals, banking or thrift institutions, investment companies (including mutual funds), pension and profit-sharing plans, 401(k) plans, trusts, estates, endowments, foundations, corporations or other businesses as well as state or municipal government entities. Investment minmums vary based on the type of account a client has. 

MNA is a fee-based firm, as advisors may collect commissions and are subject to a potential conflict of interest as a result.

Manning & Napier Advisors Background

Manning & Napier traces its history back to 1970, when Bill Manning and Bill Napier first set up shop. In 1994, co-founder Manning helped in a lawsuit that established the Financial Industry Regulatory Authority (FINRA) Rule 5320, also called the "Manning Rule." The regulation requires FINRA-registered firms to put clients' interests before their own. 

In 2011, the firm became a publicly traded company (ticker symbol: MN) on the New York Stock Exchange.

The firm provides services such as financial planning, educational seminars, portfolio managment, pension consulting and a selection of other advisors (including private fund managers). 

Asset management clients at MNA are able to access a wide range of products, including single asset class portfolios (equity, fixed-income or real estate), multiple asset class portfolios (a blend of equity and fixed-income) and custom solution portfolios. Advisors will help clients set appropriate investment objectives, make asset allocation decisions, make regular investment decisions and provide consistent and accurate monitoring of results.

Manning & Napier Advisors Investment Strategy

The firm assigns full strategy-specific management teams (as opposed to individual advisors) to manage client portfolios. It has an internal group comprised of senior research staff that develops MNA's economic and market outlook, establishes allocation guidelines and assesses risk/reward profiles. Securities are then purchased or sold according to each investment's strategy objective. 

Tiedemann Advisors

Tiedemann Advisors, LLC

Tiedemann Advisors, LLC is an SEC-registered investment advisory firm that manages money for high-net-worth individuals and families, as well as trusts, foundations, endowments, charitable organizations and other business- or family-reltated entities. There is no set account minimum for clients at this firm. 

The Tiedemann Advisors team includes staff members with many different kinds of professional financial certifications, including certfied financial planner (CFP), certified public accountant (CPA) and chartered financial analyst (CFA), among others.

It's important to note that Tiedemann Advisors is a fee-only firm, as advisors do not receive third-party commissions from selling securities or insurance. (This is different from a fee-based firm, in which advisors may collect commissions and are subject to a potential conflict of interest as a result.)

Tiedemann Advisors Background

While Tiedemann Advisors, LLC began doing business in 2008, the LLC of which it is a subsidiary - the wealth advisory firm Tiedemann Wealth Management Holdings, LLC - was founded in 1999. The firm is headquartered in New York City. The firm was founded by the late Carl Tiedemann (who had previously had decades of experience and leadership expertise on Wall Street), his son Michael Tiedemann (who continues as CEO) and Craig Smith (who continues as president).

Tiedemann Advisors provides both discretionary and non-discretionary investment advisory services, investment consulting and other services. The firm customizes services and portfolios based on a thorough understanding of each client's particular situation (including risk tolerance and liquidity) and objectives. The firm also selects investment advisors to offer guidance to private investment fund commingled vehicles, or pooled investment funds.

Tiedemann Advisors Investment Strategy

In order to advise clients, the firm uses a core strategy of third-party managers or investment themes (such as mutual funds, ETFs, private investments (like hedge funds and private equity funds) alongside shorter-term investments with attractive returns that take risk into account (such as equities, bonds, futures, options, etc.).

Tiedemann Advisors uses a variety of strategies at different parts of its research process, looking first at broad macroeconomic treds and using fundamental, technical and cyclical analysis. When it comes time to perform its proprietary risk optimization process and develop the right asset allocation, advisors at the firm will use qualitative and quantitative research to inform strategies.

Rockefeller Capital Management

Rockefeller Capital Management

With origins that date back to 1882, Rockefeller Capital Management works with clients who are individuals, high-net-worth individualspooled investment vehicles, charitable organizations, corporations, pension plans, investment companies, banking institutions, government entities, insurance companies and sovereign wealth funds.

Several of the firm's Management Committee leadership are chartered financial analysts (CFAs). The firm is fee-based, which means advisors may collect commissions and are subject to a potential conflict of interest as a result.  

Rockefeller Capital Management Background

The history of Rockefeller Capital Management begins in 1882, when John D. Rockefeller set up a New York office to manage the Rockefeller family's investment, personal and philanthropic interests. Rockefeller Capital Management became an SEC-registered investment advisor almost 100 years later, in 1980. The current president and CEO of the firm is Gregory J. Fleming.

The firm provides asset management services, wealth management services, strategic advisory services for business transactions and general financial advice.

Rockefeller Capital Management Investment Strategy

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.

The firm's Equity Strategies takes a long-term investment horizon and factors in fundamental research. Its VantageRock Capital Long/Short Equity Strategy also uses fundamental analysis. And its Fixed Income Strategies use a conservative approach to U.S. fixed-income markets, prioritizing capital preservation and current income.

 

BBR Partners

BBR Partners, LLC

Another New York City-based financial advisor firm, BBR Partners serves a clientele that typically includes families and individuals (including high-net-worth individuals), as well as the associated entities of those individuals - such as trusts, estates, charitable organizations, family partnerships, foundations and business entities. The account minimum at the firm is very high, $30 million.

The firm's team includes a number of staff members who have different kinds of professional financial certifications, including certified public accountant (CPA) and chartered financial analyst (CFA), among others.

It's important to note that BBR Partners is a fee-only firm, as advisors do not receive third-party commissions from selling securities or insurance. (This is different from a fee-based firm, in which advisors may collect commissions and are subject to a potential conflict of interest as a result.)

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 controllers of the firm. Along with Barth and Roth, there are 22 other equity partners in BBR Partners Holdings, LP, which is the principal owner of BBR.

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 Strategy

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.

BBR’s primary investment strategies are long-term purchases, short-term purchases and trading. These are usually fundamental investment strategies. In addition to these strategies, BBR also implements and/or recommends short sales, margin transactions, and/or options.

 

TAG Associates

TAG Associates, LLC

Rounding out our top 10, TAG Associates serves primarily high-net-worth individuals. Other clients include trusts, estates, pooled investment vehicles, pension and profit-sharing plans, endowments, foundations and other business entities. The firm has no set account minimum.

The firm's team includes a number of staff members who have different kinds of professional financial certifications, including certified public accountant (CPA) and chartered financial analyst (CFA), among others.

TAG Associates is a fee-only firm, as advisors do not receive third-party commissions from selling securities or insurance. (This is different from a fee-based firm, in which advisors may collect commissions and are subject to a potential conflict of interest as a result.)

TAG Associates Background

When TAG Associates was formed in 1983, the idea of a multi-client family office and portfolio management services advisor was relatively new, but proved to be a useful concept with time. Its staff includes many different kinds of roles, such as senior relationship managers, portfolio management professionals, accountants, bookkeepers and administrators.

TAG is a registered investment advisor (RIA), a commodity trading advisor (CTA) and a commodity pool operator (CPO). David Basner acts as the CEO, Jonathan M. Bergman acts as president and Stanley H. Pantowich is a co-founder and acts as chairman.

TAG Associates Investment Strategy

When putting together investment strategies, the primary concern of TAG Associates is the preservation of capital. TAG currently uses a variety of resources to collect data and evaluate various investment products, including qualitative and quantitative information/data on mutual funds, ETFs, money market funds and indexes; brokerage accounting/performance analysis software; and access to financial and other news in real-time format.

Occasionally, the firm recommends short-term purchases of securities, trading securities sold within 30 days, margin transactions and option writing.

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