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2024

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Best Financial Advisors in Schenectady, NY

Our Recommended Top 16

We did the research for you!

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

30Reviewed

24Curated

16Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider
SmartAdvisor by SmartAsset logo

SmartAdvisor by SmartAssetExpertise.com

Schenectady, NY
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
  • Investment Management
  • Financial Planning
  • Retirement Planning

Schenectady, NY

Expertise.com Rating

Why choose this provider?

Need help contacting a Financial Advisor in Schenectady? Call our Concierge team at 848-Book-Pro (848-266-5776 from 6 am - 4 pm PT | Mon - Fri). They are standing by to help you get the service you need.

1332 Union Street, Schenectady, NY 12308
WebsiteLicense: 159052

Expertise.com Rating

Review Sources

Google
4.0 (5)

Why choose this provider?

Del-Sette Capital Management is a full-service financial advising company that serves clients in Schenectady and nearby areas. The firm focuses on providing individuals, families, and business owners with investment management, retirement planning, and wealth management services. Its team of financial planners, paraplanners, and client service advocates has over 50 years of combined experience in financial planning. The group takes a proactive approach to address its client's financial situations. Bill Del-Sette, the company's founder, brings over 14 years of financial advising experience.

  • Retirement Planning

670 Franklin St,, Schenectady, NY 12305

Expertise.com Rating

Review Sources

Google
5.0 (5)

Why choose this provider?

Robert Kristel Accounting Firm caters to clients in the Schenectady metro and its nearby areas. It offers a wide array of financial services, including business succession and retirement planning, as well as bookkeeping and payroll administration. It also reviews clients' financial reports with the aim to provide them with better knowledge of their accounts. It also looks into investment portfolios to get the best possible returns. The firm has been in operation for more than 45 years.

  • Estate and Trust Specialist
  • Tax Preparation
  • Business Formation

4 Tower Place Suite 1001, Albany, NY 12203
WebsiteLicense: 135950

Expertise.com Rating

Why choose this provider?

Graypoint has been catering to individuals, families, and nonprofit organizations in the Schenectady metro and the surrounding communities since 2019. The company's team helps clients grow their wealth and manage their current assets by offering financial planning services. It also advises on cash flow, estate, and income tax. The business also provides investment management solutions. Daniel Nolan, the company's CEO, holds an undergraduate degree in finance. He serves as a trustee for Albany Law School.

  • Retirement Planning

18 Corporate Woods Boulevard 2nd Floor, Albany, NY 12211
WebsiteLicense: 4674774

Expertise.com Rating

Review Sources

Facebook
5.0 (6)
Google
5.0 (2)

Why choose this provider?

Established in 2010, Rosemont Financial Group is an independent advisory firm serving individuals and businesses in Schenectady. Its advisors work closely with clients to determine their objectives and develop a plan based on their specific needs. They create a plan for asset management, accumulation, and distribution and develop retirement and business continuation plans. Insurance products are also offered, including term and permanent life coverage. One of its associates, Paul Coluccio, is a Certified Financial Planner who has been in the industry for over 12 years.

  • Estate Planning
  • Retirement Planning

133 Saratoga Rd. Suite 5, Glenville, NY 12302

Why choose this provider?

SIP Financial Services assist individuals in the Schenectady area, providing investment management solutions based on clients' interests and distinct situations. The company educates its clientele in matters relating to income tax, estate tax, trusts, insurance, and prenuptial agreements to help them make informed financial decisions. Lanny Rosenbaum, the principal of SIP Financial Services, founded the company in 2007. He holds the Certified Financial Planner designation and is a member of the local and national chapters of the Financial Planning Association.

  • Certified Financial Planner (CFP)
  • Retirement Planning

646 Plank Road Suite 209, Clifton Park, NY 12065

Expertise.com Rating

Why choose this provider?

Capobianco Financial Advisors Group caters to clients throughout Schenectady and the nearby areas. Principal Anthony J. Capobianco has been serving the local community for more than 35 years, supporting individuals and businesses in the accumulation, conservation, and transfer of wealth to help them reach their long-term financial goals. The firm's advisors help with investing principles and strategies; risk management and planning for long-term care, disability, and life insurance; retirement investing and distribution strategies, and estate conservation issues.

  • Certified Financial Planner (CFP)

4 Executive Park Drive, Suite 18, Albany, NY 12203

Expertise.com Rating

Review Sources

Facebook
5.0 (18)

Why choose this provider?

Northeast Wealth Management, LLC, has been serving clients in Schenectady for over three decades. It provides college financial aid, retirement planning, tax preparation, and insurance coverage selection services. It also considers asset allocation, risk tolerance, and time horizon factors when creating investment portfolios, including variable and fixed annuities, strategic asset management, separately managed accounts, and mutual funds. The independent firm conducts financial seminars for municipal agencies, schools, and private businesses. President and CFP Peter Laurenzo leads the National Financial Aid Practitioners Alliance.

  • Certified Financial Planner (CFP)

646 Plank Road, Suite 200, Clifton Park, NY 12065
WebsiteLicense: 2300587

Expertise.com Rating

Review Sources

Google
5.0 (3)

Why choose this provider?

Madison Wealth Managers is a full-service company that provides financial advice to the residents of Schenectady and nearby communities. It designs comprehensive plans that are based on clients' preferences, risk tolerance, and financial needs. The firm handles the investment management of clients’ assets prior to and during retirement. It also conducts risk analysis and tax management. The wealth management team of John Bryant and Daniel Polansky brings more than 30 years of experience to the local community.

  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning

421 Troy Schenectady Rd, Latham, NY 12110
WebsiteLicense: 4694796

Expertise.com Rating

Review Sources

Google
5.0 (9)

Why choose this provider?

Thoroughbred Advisors assists individuals and families in the Schenectady metro area with risk management. Through its offices in Latham and Queensbury, it provides financial advisory services, including financial and retirement planning and investment management. The company's representatives and advisers build connections with clients by meeting with them personally, analyzing their needs, and then guiding them through the process from planning to implementation and monitoring. It coordinates various parts of people's finances, such as products, plans, and professionals.

  • Certified Financial Planner (CFP)

242 Union Street 1st Floor #11, Schenectady, NY 12305

Expertise.com Rating

Review Sources

Facebook
5.0 (1)

Why choose this provider?

Herweyer Financial is a privately owned advisory firm that serves clients throughout Schenectady and the nearby communities. The firm is owned and operated by Steven Herweyer, a full-time financial advisor since 2006 who offers a wide range of financial products and services to individuals and business owners customized to suit their vision and objectives. This includes cash flow management, Medicare planning, final expense policies, estate conservation, retirement strategies, and investment management. Herweyer holds the designations of Chartered Financial Consultant and Retirement Income Certified Professional.

  • Retirement Planning

139 Meyer Road, Halfmoon, NY 12065
WebsiteLicense: 281122

Expertise.com Rating

Review Sources

Google
4.6 (10)

Why choose this provider?

Simmons Capital Group serves clients in Schenectady. It offers a wide range of services, from insurance and retirement planning to college and legacy planning. It offers a variety of insurance products intended to mitigate the risks that people encounter throughout their lives, such as understanding Medicare, replacing income, and planning for long-term care. One of the firm's partners is Audra K. Higgins, an insurance specialist who is enrolled in the Chartered Financial Consultant and Certified Life Underwriter programs.

  • Private Wealth Advisor
  • Retirement Planning

2020 Western Ave, Albany, NY 12203

Expertise.com Rating

Review Sources

Google
5.0 (2)

Why choose this provider?

Generations Planning Group is a local firm that has been serving individuals, families, and businesses in Schenectady and the surrounding communities for more than a decade. It provides tax, estate, retirement income, and college fund planning services. Its team assists clients in selecting life, long-term care, and disability insurance policies and creating investment portfolios that include stocks and bonds, mutual funds, and annuities. Certified Financial Planners Susan Schell and Dominick J. Panetta have over four decades of combined financial services experience.

  • Certified Financial Planner (CFP)

3418 Carman Rd, Schenectady, NY 12303

Expertise.com Rating

Why choose this provider?

Mengel Morse and Associates in Schenectady has been serving the community's financial needs since 2017. Its team members provide personalized advice on how to grow and protect one's financial resources. They help customers diversify their portfolios by advising them on investment options such as mutual funds. To assist in risk management, the team also provides indemnity products such as life and disability insurance, as well as annuity plans. Greg Mengel, the co-founder, holds the ChFC, CLU, and FIC designations.

  • Insurance Products
  • Private Wealth Advisor
  • Retirement Planning

1473 Erie Blvd Suite 202, Schenectady, NY 12305

Expertise.com Rating

Why choose this provider?

Kellman Barnes Financial Planning has been helping individuals and families throughout Schenectady for almost 50 years. Its financial advisors organize clients' financial information to be able to understand their individual situations and build plans that suit their needs and goals. They assist with financial, insurance, taxes, and retirement planning; investment management, and non-advisory services that include commissionable securities and insurance products such as annuities, life, disability, and long-term care insurance. As of October 2021, the firm has managed and administered over $175,000,000 in client assets.

  • Retirement Planning
  • Certified Financial Planner (CFP)

Compare our Top Financial Advisors

NameExpertise RatingAddressPromotionsLearn more
SmartAdvisor by SmartAsset
Schenectady, NYFree Consultation
Del-Sette Capital Managment
1332 Union Street, Schenectady, NY 12308
Robert Kristel Accounting Firm
670 Franklin St,, Schenectady, NY 12305
Graypoint
4 Tower Place Suite 1001, Albany, NY 12203
Rosemont Financial Group
18 Corporate Woods Boulevard 2nd Floor, Albany, NY 12211
SIP Financial Services
133 Saratoga Rd. Suite 5, Glenville, NY 12302
Capobianco Financial Advisors
646 Plank Road Suite 209, Clifton Park, NY 12065
Northeast Wealth Management, LLC
4 Executive Park Drive, Suite 18, Albany, NY 12203
Madison Wealth Managers
646 Plank Road, Suite 200, Clifton Park, NY 12065
Thoroughbred Advisors
421 Troy Schenectady Rd, Latham, NY 12110
Herweyer Financial
242 Union Street 1st Floor #11, Schenectady, NY 12305
Simmons Capital Group
139 Meyer Road, Halfmoon, NY 12065
Generations Planning Group
2020 Western Ave, Albany, NY 12203
Mengel Morse and Associates
3418 Carman Rd, Schenectady, NY 12303
Kellman Barnes Financial Planning
1473 Erie Blvd Suite 202, Schenectady, NY 12305

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 are the ways that a financial advisor in Schenectady can help entrepreneurs with their and their employees' retirement?

    Financial advisors in Schenectady can assist entrepreneurs in crafting a business retirement plan—including 401(k) and SIMPLE IRA—that benefits both the company and its employees. These plans can help business owners gain control over income taxes in retirement distributions and retain ownership of their money. Financial advisors are additionally able to ensure that the plan is implemented efficiently while adhering to the Employee Retirement Income Security Act (ERISA) restrictions.

  • How can Schenectady residents discern the difference between short-term and long-term investments?

    People in Schenectady can discern savings and investments by identifying what their goals are for such funds. They can assign short-term investments as their emergency fund for home repairs, income loss, or health concerns. Individuals can also use these as their go-to source for planned purchases, such as buying a new car or going on a vacation. On the other hand, long-term investments are those that they can utilize for wealth building, retirement, or their children's college education.

  • How are fiduciaries different from financial advisors in Schenectady, and are all financial advisors fiduciaries?

    Fiduciaries in Schenectady are those who are bound by their legal obligation to act in the best interest of their clients. They took an oath to uphold the professional codes of conduct, including the duty of loyalty, care, good faith, confidentiality, prudence, and disclosure. Financial advisors, on the other hand, are those who help clients meet their financial goals through a plan without legal liability for their money. That said, not all financial advisors are fiduciaries.

  • How can Schenectady women in their 50s prepare for retirement?

    According to the Social Security Administration, an average 65-year-old woman is estimated to live up to 86 and a half years old. Women in their 50s in Schenectady should start thinking about a 20-to-40-year retirement plan and how to preserve their money because they have less time to recover losses. Additionally, they should consider investing in extended care coverage since Medicare only covers a few weeks of nursing home care.

  • How does inflation affect the investments of people in Schenectady, and how can they minimize its impact?

    Inflation reduces the real return rates on individual investments. If they are paid $100 every year, that amount will decrease due to inflation. In addition, it diminishes people's purchasing power because when the rate rises, so do the prices of goods. This means that $100 will purchase fewer items than before. Investors in Schenectady can minimize its impact by diversifying their investments. They can seek advice from a financial advisor on how to best allocate their assets in their portfolios.

  • 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.