Finding a Top Financial Advisor Firm in Syracuse, New York
With so many options to choose from, it may be hard to find the right financial advisor in Syracuse, New York. That’s why we did the research for you to bring you the top financial advisors in Syracuse. You can expedite the process even more by using our financial advisor matching tool. It recommends up to three local advisors.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Rockbridge Investment Management, LLC Find an Advisor||$1,030,999,133||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||ETFidea, LLC Find an Advisor||$347,937,672||$25,000|| || |
|3||Blue Water Capital Management, LLC Find an Advisor||$132,740,859||$50,000|| || |
|4||Armory Capital Management, LLC Find an Advisor||$100,874,524||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||OneGroup Wealth Partners, Inc. Find an Advisor||$32,178,040||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in Syracuse, 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:
- AUMFirms with more total assets under management are ranked higher.
- Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher.
- Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher.
- Age of FirmFirms that have been in business longer are ranked higher.
All information is accurate as of the writing of this article. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria.
Rockbridge Investment Management
With millions in assets under management, Rockbridge Investment Management is at the top of the list. The firm provides financial planning and portfolio management services to individuals. It also extends its services to businesses, charitable organizations and pension plans.
SEC records show most of Rockbridge's clients to be individuals who do not have a high net worth. This makes sense, since the fee-only firm doesn't require a minimum investment to open an account. RIM’s staff includes seven certified financial planners (CFPs), two chartered financial analysts (CFAs) and two certified private wealth advisors (CPWAs).
Rockbridge Investment Management Background
Rockbridge Investment Management launched in 1997. It’s currently owned by Craig Buckhout and Anthony Farella, both of whom are employees.
The firm’s advisors offer portfolio management and financial planning services. Your financial plan may cover some or all of the following subjects:
- Retirement savings
- Cash flow analysis
- Tax planning
- Estate planning
Rockbridge Investment Management Investing Strategies
Rockbridge Investment Management primarily invests client assets in passively managed mutual funds and exchange-traded funds (ETFs). It evaluates these funds by examining their past performance, underlying securities they are built with and other financial factors. The firm’s overall goal is to create diversified investment portfolios that adhere to a client’s investment goals and risk tolerance.
When formulating its advice, the firm considers various sources such as major publications that follow market data and overall economic conditions.
As its name suggests, ETFidea builds portfolios primarily with exchange-traded funds (ETFs). Some of the firm's employees may be licensed insurance agents with unaffiliated firms, which means they may earn commissions. Although this is a potential conflict of interest, the firm's fiduciary duty means it must act in clients' best interests.
To open an account with ETFidea, you typically need a minimum investment of $25,000. Despite the low minimum, individual clients are almost evenly split between those who do and don't have a high net worth. The practice may waive its minimum and negotiate its fees. In addition to individuals, ETFidea works with businesses, trusts and retirement plans.
ETFidea first opened its doors in 2002. It is a wholly owned subsidiary of Diversified Capital Management, a brokerage firm. William T. Kriesel and Kevin A. Visconti, who lead the firm, have a combined experience of more than three decades in the financial services industry.
ETFidea Investment Strategies
Advisors at ETFidea would consider several personal factors such as your risk tolerance and financial goals in order to build and manage a portfolio that can help you meet your needs. As noted earlier, ETFidea primarily constructs client portfolios with ETFs. An ETF is a basket of securities (stocks and bonds) that track an index and trade like common stocks. ETFidea considers the universe of ETFs when making asset allocation decisions.
Blue Water Capital Management
Blue Water Capital Management is a wealth management firm that may also provide clients with access to portfolios on the Envestnet platform through a wrap-fee program. To open an account with Blue Water, you need a minimum investment of $50,000. However, Blue Water may waive this requirement at its discretion.
The management team at Blue Water includes one chartered retirement plan specialist (CRPS) and one chartered financial consultant (ChFC). The advisory firm serves individuals above and below the high-net-worth threshold, trusts, estates, charitable organizations, businesses and government entities.
Some advisors here serve as insurance agents and may earn separate commissions for selling insurance products. While this type of arrangement may incentivise the advisor to recommend products from a third-party affiliate, the advisor must uphold a fiduciary duty to always provide advice in the best interest of the client.
Blue Water Capital Management Background
Blue Water Capital Management has been offering services since its launch in 2007. Today, the firm is owned by Stephen Swift, John Paganelli and Thomas Brown. All three remain on the firm’s advisory staff and together hold a combined financial services experience that spans more than 50 years.
Blue Water provides a variety of financial planning and portfolio management services. Its advisors analyze the financial situations of different clients in order to create investment portfolios that can help such clients meet their financial objectives. Blue Water advisors can also provide individualized financial planning services across various topics like budgeting and cash flow analysis, insurance policy review, retirement planning and estate planning.
Blue Water Capital Management Investing Strategy
Blue Water Capital Management uses various analytical strategies when evaluating securities. Among them is fundamental analysis, which measures the intrinsic value of a security by exploring broad economic factors such as the financial health of the company that issues it. This kind of analysis is typically applied to stocks, but Blue Water doesn’t limit itself to a specific type of security when building portfolios for clients. For instance, the firm considers mutual funds and exchange-traded funds (ETFs) that may be constructed with different asset classes. Blue Water evaluates these funds by examining their long-term performance and underlying securities.
Overall, Blue Water considers the wider investment universe in order to tailor asset allocations to client profiles and needs. This strategy also involves determining the financial conditions of the client including risk tolerance and time horizons for different goals.
Armory Capital Management
Next up is Armory Capital Management (ACM), which is the second-smallest firm on this list. The firm’s small investment advisory team works with only individuals, most of whom have less than a high net worth.
You don’t need a minimum amount to open an investment account with ACM. The firm is fee-only, which means it collects fees from clients, and not commissions from third parties.
Armory Capital Management Background
Armory Capital Management spun off from Green & Seifter Investment Advisers in 2009. Since 2017, Henry J. Wildhack and Matthew J. Abbott have been ACM's principal owners. Their investment management experience, combined, spans nearly four decades.
The firm offers investment management and financial planning services to a client base mostly consisting of individuals. The team designs diversified investment portfolios tailored to the needs and risk tolerance levels of each client. It can also offer overall wealth management services on a variety of topics from cash flow analysis to estate and retirement planning.
Armory Capital Management Investing Strategy
ACM bases its overall investment strategies on the belief that buying and holding quality investments for the long term is key to maximizing growth and mitigating risk in the market. So it generally takes a conservative approach to building portfolios, while taking into account the risk tolerance and long-term financial goals of its clients. It also considers the tax implications of investment decisions and aims to minimize taxes as much as possible.
When designing portfolios, the firm generally doesn’t restrict itself to certain asset classes. It may consider investing client assets in:
- Mutual funds
- Exchange-traded funds (ETFs)
- Certificates of deposit (CD)
- Government securities
OneGroup Wealth Partners
OneGroup Wealth Partners is a fee-only financial advisor firm. This means that all of its compensation comes from client-paid fees, which eliminates all financial product sales commissions. The firm works mostly with individuals above and below the high-net-worth threshold. Retirement plans and charitable organizations round out the firm's client base.
There is technically no minimum investment requirement necessary to become a client of OneGroup. The firm's lone advisor is a certified financial planner (CFP) and certified divorce financial analyst (CDFA).
OneGroup Wealth Partners Background
OneGroup Wealth Partners is the youngest firm on this list, as it was established in just 2020. The firm is owned and operated by Community Bank, N.A. OneGroup's managing director is Joseph H. Littky, who has over 20 years' experience in the financial services industry.
Investment management and financial planning services are both available through this firm. Financial planning can cover a wide range of topics, including retirement planning, personal savings planning, education fund planning, investment planning, estate planning and more.
OneGroup Wealth Partners Investing Strategy
OneGroup Wealth Partners manages its client assets on both a discretionary and non-discretionary basis. The firm invests based on each client's personal situation and financial goals, with risk tolerance, time horizon, income needs and liquidity needs being the most important factors. The firm tends to invest with an eye toward long-term returns.
Generally speaking, OneGroup prefers to invest in low-cost, diversificed mutual funds and ETFs. On occasion, it also invests in individual stocks and bonds. The firm may re-allocate your investments should your goals or market conditions call for it.