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Best Financial Advisors in Paterson, NJ

Our Recommended Top 7

We did the research for you!

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

40Reviewed

26Curated

7Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

67 Forest St, Suite 271, Paterson, NJ 01752
WebsiteLicense: 5813774

Expertise.com Rating

Review Sources

Google
5.0 (5)

Why choose this provider?

Financial planning can be challenging; Cedar Hill Financial Group simplifies things. Their first priority is always acting in their client's best interest. That means providing personalized, comprehensive financial advice, along with data driven portfolios. Whether it is planning for retirement, saving for college, or getting a comprehensive financial plan in place, they can help. With over a decade of industry experience, they are committed to helping clients pursue their financial goals. Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC.

  • Estate Planning
  • Certified Financial Planner (CFP)
  • Investment Management
  • Tax Planning
  • Retirement Planning
SmartAdvisor by SmartAsset logo

SmartAdvisor by SmartAssetExpertise.com

Paterson, NJ
Free Consultation

Expertise.com Rating

Why choose this provider?

SmartAsset's free, five-minute tool makes it easy to find qualified financial advisors in your area. The exclusive tool uses a quick survey to help SmartAsset's exclusive algorithm match you with up to three advisors based on your specific financial needs. Each advisor is a fiduciary, legally bound to work in your best interest, and rigorously vetted by SmartAsset. You can speak with each for free, sometimes within a matter of minutes, and choose whom you want to work with. Hundreds of thousands of smart investors and retirees have already used SmartAsset's simple, no-cost service to find the right financial advisors for them.

  • Estate Planning
  • Financial Planning
  • Retirement Planning
  • Investment Management

33 Plymouth Street, Montclair, NJ 07042

Expertise.com Rating

Review Sources

Facebook
5.0 (5)

Why choose this provider?

Barnum Financial Group is a financial consultancy firm assisting clients in Paterson. The firm was founded in 1950 and has since then provided financial services to individuals, corporations, small businesses, non-profit organizations, and government entities. Its areas of focus are tax minimization strategies, financial planning, risk management, estate conservation, and philanthropic planning. It also assists in retirement planning and special care and elder care planning. The firm has been recognized several times by the GAMA Foundation as one of the Top 100 US Financial Agencies.

  • Estate Planning
  • Private Wealth Advisor
  • Retirement Planning

16-00 New Jersey 208, Fair Lawn, NJ 07410

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Serving the community of Paterson, Baron Financial Group works with individuals and institutions, as well as retirees and families with special needs. Some of its financial planning services are Social Security planning, investment management, Medicare specialist analysis, and college planning. For 10 consecutive years, founder Victor P. Cannillo has received the Five Star Wealth Manager Award granted by the Five Star Professional. Cannillo and his team are also committed to supporting the community and various organizations, such as Fair Lawn Food Pantry and Spectrum for Living.

  • Estate Planning
  • Retirement Planning
  • Tax Planning

148 Prospect Street, Ridgewood, NJ 07450

Expertise.com Rating

Review Sources

Google
5.0 (14)

Why choose this provider?

Located in Ridgewood, Parks Wealth Management is an independent wealth management firm serving individuals in Paterson. It offers several types of investment management and financial planning services such as retirement projections, insurance planning, and estate planning. Its other services include pension analysis, portfolio construction and design, and stock option planning. Jim Parks, the president and wealth advisor of Parks Wealth Management, has been providing financial planning services to clients since 1991. He is recognized as an Accredited Investment Fiduciary and a Certified Financial Planner.

  • Estate Planning
  • Retirement Planning
  • Tax Planning

61 South Paramus Road, Paramus, NJ 07652

Why choose this provider?

Lincoln Financial Advisors has been providing financial guidance to clients in Paterson for more than 25 years. The firm helps clients plan their financial objectives and create strategies to help them achieve their goals. It offers services for retirement planning, life, health, and disability insurance, in addition to long-term care. One of its advisors, Bruce Linger, carries over 30 years of experience in financial planning, banking, and insurance. He also holds various designations, including CFP, CRPC, and CCFS.

  • Certified Financial Planner (CFP)
  • Retirement Planning

234 Kinderkamack Road, Oradell, NJ 07649

Expertise.com Rating

Review Sources

Google
4.0 (11)

Why choose this provider?

Located in Bergen County, Traphagen CPAs & Wealth Advisors has been serving clients in Paterson and its surrounding areas for over 50 years. Managing partner Robert J. Traphagen is a certified public accountant in the states of New Jersey and New York. He and his team specialize in tax, retirement, insurance, and estate planning. They also specialize in portfolio and risk management. Robert is also a Chartered Global Management Accountant and serves as an advisory board member for various banking institutions.

  • Estate Planning
  • Private Wealth Advisor
  • Tax Planning

Compare our Top Financial Advisors

NameExpertise RatingAddressPromotionsLearn more
Cedar Hill Financial Group, LLC
67 Forest St, Suite 271, Paterson, NJ 01752Complimentary Consultation
SmartAdvisor by SmartAsset
Paterson, NJFree Consultation
Barnum Financial Group
33 Plymouth Street, Montclair, NJ 07042
Baron Financial Group
16-00 New Jersey 208, Fair Lawn, NJ 07410
Parks Wealth Management
148 Prospect Street, Ridgewood, NJ 07450
Lincoln Financial Advisors
61 South Paramus Road, Paramus, NJ 07652
Traphagen CPAs & Wealth Advisors
234 Kinderkamack Road, Oradell, NJ 07649

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.

  • What is the average amount to pay a financial advisor in Paterson?

    In Paterson, a financial advisor can expect to earn a median annual salary of $64,287. Hourly rates for financial advisors can range from $200 to $400. There are a few that could have flat annual rates of $2,000 to $7,500. A financial advisor's fee could also be based on a percentage of the client's total assets.

  • Who needs financial advisors in Paterson?

    People in Paterson who are expecting a major life event or who require more complex financial planning and advice may require the services of a financial advisor. If you lack sufficient knowledge and experience with insurance and investments, a financial advisor can assist you in making sound financial decisions. To determine whether you require the services of a financial advisor, you must assess your financial situation and consider the type of advisor who can act in your best interests.

  • How often should you talk to your financial advisor in Paterson?

    It is generally recommended that you consult with your Paterson financial advisor at least once a year. It is critical to reassess your financial situation, including budget and investment performance, during your meeting. Additionally, when faced with major life-changing events such as divorce, marriage, or the birth of a child, it can be beneficial to seek financial advice.

  • What is the difference between financial advisors and investment advisors in Paterson?

    The primary distinction between financial advisors and investment advisors in Paterson is the type of financial aspects they concentrate on. A financial advisor is a broad term for a professional who provides financial advice to help you manage your finances. In contrast, an investment advisor is a financial advisor who focuses on assisting clients in selecting and managing investments.

  • How do you know you can trust a financial advisor in Paterson?

    You can look for financial advisors in Paterson who have certifications and designations like CFA, CIMA, or CFP to see if you can trust them. You can also go to FINRA BrokerCheck to get a detailed report on an advisor's qualifications, employment history, and disclosure events. You should also think about hiring a financial advisor whose core values are similar to yours.

  • 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.