Expertise.com

2024

Last updated:

Best Financial Advisors in West Hartford

Our Recommended Top 8

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored West Hartford Financial Advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

22Reviewed

16Curated

8Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

433 S. Main St., Suite 310, West Hartford, CT 06110
WebsiteLicense: 5782371

Expertise.com Rating

Review Sources

Google
4.7 (24)
Yelp
5.0 (2)

Why choose this provider?

Cowen Tax Advisory Group caters to individuals and businesses in West Hartford. Its founder and president, Roger Cowen, has been in the financial industry since 1978. He offers retirement and tax planning, investment management, and life and long-term care insurance coverage. He serves as a member of the Million Dollar Round Table. Cowen also supports local charities, such as Autism Speaks, Special Olympics, and the Make-A-Wish Foundation. The firm has been featured on FOX CT, News8, and Kiplinger.

  • Certified Financial Planner (CFP)
  • Tax Planning

1430 New Haven Road, Naugatuck, CT 06770
WebsiteLicense: 5218589

Expertise.com Rating

Review Sources

Google
3.6 (11)
Facebook
5.0 (4)

Why choose this provider?

Ion Investments serves families, nonprofits, and businesses in West Hartford and its surrounding areas. It offers a wide range of services, from individual and business planning to estate conservation and asset and risk management. It provides access to a robust investment platform, creates a portfolio to align with risk tolerance, and researches ways to maximize tax savings and minimize costs. Its team of financial advisors has a combined industry experience of more than 270 years.

  • Certified Financial Planner (CFP)

10 North Main Street Suite 216, West Hartford, CT 06107
WebsiteLicense: 1763893

Expertise.com Rating

Review Sources

Google
5.0 (4)

Why choose this provider?

Innovative Wealth Managers provides financial advisory services for individuals, families, and commercial clients in West Hartford and the surrounding communities. It delivers financial planning solutions that help clients prepare for their eventual retirement. It renders wealth management strategies so its customers know how to maintain and maximize their assets. Its team also offers business strategies that promote growth and stability for the venture of entrepreneurs. One of its founders, Patrick Clark, is a holder of AIF and PPC designations.

  • Certified Financial Planner (CFP)

643 Prospect Ave, West Hartford, CT 06105
WebsiteLicense: 104674

Expertise.com Rating

Why choose this provider?

RMC Investment Advisors serves clients in West Hartford. It provides advisory services that help individuals, families, and institutions achieve their financial goals. Founding partners Daniel F. Flynn and Frank M. Loehmann Jr. established the company in 1984 to manage the wealth and assets of John G. Martin. They have since expanded its services to include retirement planning and multi-generational financial planning. The firm uses a collaborative approach to delivering financial advisory services by having its entire team of advisors manage clients' finances and resources.

  • Certified Financial Planner (CFP)

100 Great Meadow Rd. Suite 701, Wethersfield, CT 06109
WebsiteLicense: 136372

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Hammond Iles Wealth Advisors provides its services to West Hartford and the surrounding communities. It offers investing education classes, and financial planning services to individuals and families to protect their finances and lifestyle. It also caters to clients needing retirement planning, wealth management, and charitable giving strategies. Its team specializes in globally diversified investment portfolios to help long-term investors build and retain wealth. The company's CEO, Greg Hammond, is a speaker, author, and financial coach focusing on wealth management and charitable giving.

  • Retirement Planning

11 South Main Street, West Hartford, CT 06107
WebsiteLicense: 5393

Expertise.com Rating

Review Sources

Google
4.0 (5)
Facebook
5.0 (2)
Yelp
4.5 (2)

Why choose this provider?

Charles Schwab West Hartford is a financial advisory firm that serves clients in the metropolitan area. Its team develops a financial plan to build wealth and prepare for retirement. It also provides strategies to help clients manage their debt, save for college, and begin an investment. Its team provides tax planning strategies that reduce or eliminate incurred taxes. For the past 10 years, the company has ranked in the top three of Investor Business Daily's IBD Best Online Brokers.

  • Certified Financial Planner (CFP)

25 New London Turnpike, Glastonbury, CT 06033
WebsiteLicense: 2667735

Expertise.com Rating

Review Sources

Google
5.0 (4)

Why choose this provider?

Lichtenstein Financial has been serving clients in West Hartford for over 35 years. It offers tax advisory and preparation, wealth management, and insurance services. Business consulting is also available to assist business owners in preparing to raise capital or apply for financing. It assesses the clients' personal situations to develop full financial plans that include individualized portfolios. It holds annual meetings to ensure that the investments and planning aspects are maintained.

  • Certified Financial Planner (CFP)
  • Insurance Products
  • Tax Preparation

185 Asylum Street CityPlace II, 11th Floor, Hartford, CT 06103
WebsiteLicense: 106928

Expertise.com Rating

Review Sources

Google
5.0 (3)

Why choose this provider?

Bradley, Foster & Sargent, Inc., is an investment advisory firm serving West Hartford and nearby areas. It has been providing investment management solutions for individuals, families, and institutions since 1994. Its financial advisors help clients plan for education, retirement, charitable giving, and major purchases or expenses. The firm has also developed an equity investment process to identify companies with sound business models. Its Chairman, Robert H. Bradley, served for a national not-for-profit association that represents federally registered investment advisory firms.

  • Private Wealth Advisor

FAQs

  • 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.

  • Does your child need to file an income tax return in West Hartford?

    The Internal Revenue Service does not exempt anyone from filing a tax return based on their age, meaning that even if your child declared a dependent on your tax return in West Hartford, he/she needs to file his/her own tax return. If the dependent child earns an income over $12,400, has an unearned income of more than $1,100, or has a combination of earned and unearned income worth more than $1,100, then he/she needs to file an income tax return.

  • How do you rebalance your investment portfolio in West Hartford?

    There are two ways to rebalance an investment portfolio in West Hartford. First, add new money to your portfolio. You can allocate the new money to assets or asset classes that have fallen. For instance, if bonds in your portfolio have fallen from 40% to 30%, it may be a good idea to purchase enough bonds to return to the 40% allocation. Second, sell your high-performing assets and buy more underperforming assets. Rebalancing your investment portfolio is a good practice and helps you evaluate if there is a need to make adjustments.

  • Will you be able to save on taxes in West Hartford if you donate funds to charities?

    Donating to charities using funds directly from your Individual Retirement Account can help you save on taxes and support your favorite causes in West Hartford at the same time. Qualified Charitable Distributions are not taxed as an IRA custodian sends funds directly from the account to an eligible 501(c)(3) organization. Because the money does not enter your personal account, it can be excluded as taxable income. Aside from not being taxed, your chosen organization will also be able to make maximum use of your contribution.

  • When can you withdraw money from a traditional IRA in West Hartford?

    In West Hartford, you can withdraw money from a traditional Individual Retirement Account once you turn 59 and a half years old without penalties or restrictions. Note that your deductible contributions and earnings will be taxed as ordinary income if you have contributed pre-tax dollars to your traditional IRA. This means that you now owe the taxes that you originally deferred. Regardless of your age, you can enjoy tax-deferred contributions as long as you have earned income. However, you need to start taking Required Minimum Distributions for the year you reach 73 years old.

  • Can you withdraw from your traditional IRA in West Hartford without being penalized?

    Early withdrawals from a traditional Individual Retirement Account are subject to a 10% tax penalty, but there are some circumstances wherein individuals in West Hartford can withdraw early and not get penalized. If you die before turning 59 and a half years old, your beneficiaries may be able to claim your IRA without penalty. You can also take up to $10,000 toward the purchase of your first home from your traditional IRA and not get penalized.

  • 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.

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