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Best Financial Advisors in New Britain

2024

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Providers

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Website
433 S. Main St., Suite 310, West Hartford, CT 06110
  • Retirement Planning
  • Insurance Products
  • Tax Planning

Why choose this provider?

Cowen Tax Advisory Group is a financial advisory company that has been serving the residents of New Britain for over four decades. It provides various financial services, including income strategy maximization, asset allocation, and tax planning. It also coordinates financial products such as life insurance, investments, and annuities. President Roger Cowen holds Chartered Financial Consultant and Chartered Life Underwriter designations. Cowen Tax Advisory Group has been featured on FOX CT, WTNH 8, and WFSB.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.7 / 5 (23)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.5
Responsiveness
Friendliness
Helpfulness
Detail

Website
281 Farmington Avenue, Farmington, CT 06032
  • Certified Financial Planner (CFP)

Why choose this provider?

Connecticut Wealth Management, LLC is a financial advisory firm that serves clients in New Britain. It handles financial planning and asset and investment management. It also offers business owner services like setting up personal investments and estate and insurance plans, including company transition and continuity. Its advisors have a collective industry experience of more than 180 years. The Harford Business Journal named the company the best private wealth management firm of 2017.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
2.5
Responsiveness
Friendliness
Helpfulness
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Detail
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Website
790 Farmington Ave. Bldg 3, Farmington, CT 06032
  • Certified Financial Planner (CFP)

Why choose this provider?

MJP Wealth Advisors is an independent family-owned firm that serves individuals, families, and business owners in New Britain. Its financial advisors prepare customized plans designed to improve clients' wealth and investment portfolios. These advisors also handle estate, retirement, tax, and insurance planning matters. Additionally, they conduct risk assessment reports. MJP Wealth Advisors has been in the financial management industry for over 40 years. Its president, Brian Vendig, was named in the Forbes Best-In-State Wealth Advisors list.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
433 South Main Street, Suite 322, West Hartford, CT 06110
  • Certified Financial Planner (CFP)

Why choose this provider?

Fuchs Financial is a company that serves individuals in New Britain and neighboring areas. Its financial advisors offer planning for the clients' investment, tax, income, healthcare, and estate and legacy. They also provide wealth management by incorporating investment consulting strategies and services to help clients protect their interests while growing and maintaining profits. In addition, they offer retirement advisory services to assist individuals in managing their pension and social security. Founder Ben Fuchs has more than 15 years of experience in financial investment.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (7)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
433 South Main Street Suite 105, West Hartford, CT 06110
  • Certified Financial Planner (CFP)

Why choose this provider?

Goldberg Larkin is a financial advisory firm serving clients in New Britain. Its team of advisors provides financial guidance to individuals going through life transitions, including divorce, retirement, loss of a loved one, or acquiring unexpected assets from inheritance or lottery. In addition, it offers various investment options, such as individual equities, mutual funds, and annuities. One of the company's partners, Ed Goldberg, has over 25 years of industry experience. He holds the Certified Financial Planner, Chartered Financial Consultant, and Certified Divorce Financial Analyst designations.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
79 Main Street, Meriden, CT 06451
  • Certified Financial Planner (CFP)

Why choose this provider?

New England Capital has been providing tailored financial advice to residents of New Britain since 1983. Its team of financial advisors assesses each client's financial condition and future expectations and determines financial and retirement plans and investment strategies that suit their goals. It also provides advice on budgeting, trust planning, and insurance. It conducts seminars on financial literacy and education. The firm's founder and senior advisor, Christopher W. Beale, and the other three advisors are certified, financial planners.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
200 Mountain Road Suite 2, Farmington, CT 06032
  • Private Wealth Advisor

Why choose this provider?

Pennell Wealth Advisors is a financial advisory company that provides consultations on financial planning to individuals and families in New Britain. The company offers advice in investment planning, family/estate planning, and financial planning. The team of experts uses a 5-step approach that begins with an assessment of the client's current financial status. Then, followed by determining objectives, selecting asset locations, selecting investment options, and finally, measuring and rebalancing investments. The Founder, Lyle H. Pennell, has almost 20 years of experience in wealth management planning services.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (6)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
176 Westbrook Road, Essex, CT 06426
  • Certified Financial Planner (CFP)

Why choose this provider?

Serving New Britain and the surrounding areas, Essex Financial has provided its clients with a personalized and hands-on approach to their financial needs. The firm helps managers and business owners with innovative strategies for tax reduction by working with their lawyers and accountants. It also helps non-profit and institutional clients create investment policy statements, including social mandates, asset allocation, risk tolerance, and spending policy. The firm also operates as a subsidiary of Essex Savings Bank.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
29 South Main Street, Suite 306, West Hartford, CT 06107
  • Estate and Trust Specialist
  • Private Wealth Advisor
  • Retirement Planning

Why choose this provider?

YHB Investment Advisors, Inc., provides services to clients in New Britain and the surrounding communities. The company specializes in helping individuals manage their finances to preserve and protect their wealth and investment. It also offers custody services involving cash management, administration of dividends, stock splits, and charges and commissions. In addition to individual services, the company serves non-profit organizations, municipalities, and institutions. YHB Investments Advisors has over 32 years of experience in the industry.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
231 Farmington Ave, Farmington, CT 06032
  • Retirement Planning

Why choose this provider?

Securities America delivers financial advice for residents of New Britain. The firm offers retirement income planning and coaching services to individuals and businesses. It offers options such as mutual funds, variable annuities, life insurance, and ancillary products to prospective investors. Securities America opened in 1984. It employs over 3,000 personnel, serves 630,000 clients nationwide, and manages over $140 billion in assets. CEO and president Jim Nagengast was a former analyst for Merrill Lynch Capital Markets.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
74 Batterson Park Road, Suite 303, Farmington, CT 06032
  • Certified Financial Planner (CFP)
  • Retirement Planning

Why choose this provider?

Since 1989, Ohanesian / Lecours (O/L) has been helping New Britain clients with their investments. This agency provides investment management intending to assist individuals in growing and preserving their assets. Its managers identify and evaluate risk-adjusted returns to minimize volatility while pursuing long-term growth. O/L provides retirement planning and wealth management solutions with market and asset alignment. In addition, its financial specialists help companies identify retirement plans for their employees as a part of their corporate benefits and organizational goals.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
65 Memorial Rd, Ste 530, West Hartford, CT 06107
  • Certified Financial Planner (CFP)

Why choose this provider?

Established in 2016, GYL Financial Synergies is an advisory firm serving both private and institutional clients in New Britain. Its professionals work with individuals and families to develop financial plans tailored to their specific goals, including retirement, income, cash flow, education, and estate planning. In addition, they serve as fiduciaries, making investment recommendations to corporations, endowments, foundations, and municipalities. Owner and CEO Gerald B. Goldberg was named one of the Top 400 US Advisors in 2014 by the Financial Times.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
2 Bridgewater Road, Suite 201, Farmington, CT 06032
  • Certified Financial Planner (CFP)

Why choose this provider?

Medallion Wealth Advisors LLC is a firm serving the New Britain area. For over 20 years, its financial advisors have helped high-net-worth individuals, organizations, and charitable foundations define their goals, prioritize, and analyze their financial condition. They also provide a multi-step personal financial planning process for pension funds and retirement plans. Investment and portfolio management, IRA or 401(k) distribution strategy and college preparation are also available. The firm's president, E. Thorson Cheyne, was the 2004 to 2010 VP and financial advisor at Morgan Stanley Smith Barney.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.8 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
433 South Main Street, West Hartford, CT 06110
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Tax Preparation
  • Tax Planning

Why choose this provider?

Entrust Wealth Partners is a local advisory firm serving clients in New Britain. The company helps individuals and families manage their wealth and secure their financial future. It offers impact investing, tax and charitable giving strategies, and financial, estate, and investment planning. Its team of professionals coordinates meetings with clients to understand their goals and guide them in making well-informed decisions about their finances. Owners Keith G. Wetjen and Peter C. Pabich are also both Certified Financial Planners and Certified Business Exit Consultants.

Frequently Asked Questions

  • Introduction

    There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.

    • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
    • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
    • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
    • An investment advisor offers investment advice and recommendations to individuals or organizations.
    There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.

  • How can one finance a new car in New Britain?

    New Britain residents who wish to get a new car can finance it with a car loan. Start by doing some research on the car model you want and choosing your price range. Your credit rating, income, and debt-to-income ratio will be used to determine whether you are eligible for a loan. Lower interest rates and cheaper monthly payments can be obtained with a 20% to 50% down payment.

  • Can a New Britain resident repay a high-interest loan using a reverse mortgage?

    Yes, a property owner in New Britain over 62 who has a reverse mortgage can utilize it to pay off high-interest loans. Reverse mortgages are a tax-free source of money that may be used for anything and boost a person's cash flow. You must pay off your mortgage to keep your home and leave it to successors.

  • Is a college student's scholarship taxable in New Britain?

    Scholarships and other grants in New Britain are not taxable if they are used to cover tuition, fees, books, supplies, and equipment necessary for courses at an educational institution with a regular faculty and program. Taxes will only be imposed on a scholarship or grant that is used for lodging and food expenses.

  • What is a financial fiduciary in New Britain?

    A financial fiduciary in New Britain is legally and morally obligated to act in their customers' best interests. High ethical standards are upheld while offering unbiased counsel, thorough planning services catered to specific requirements, fee-only compensation, and continuous help and guidance. Not all financial consultants are fiduciaries. Before dealing with a potential adviser, it is advised to find out about their fiduciary status and financial planning philosophy.

  • What is the difference between a Roth 401k and a Traditional 401k plan in New Britain?

    Traditional 401k allows employees to save and invest a portion of their pre-tax wages, and taxes are paid when the money is withdrawn in retirement, while Roth 401k requires contributions with after-tax money. In Roth 401k, withdrawing the cash after retirement will be tax-free. New Britain workers can choose the plan that suits their tax preferences and financial goals.

  • Are financial advisors worth it?

    Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.