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Best Financial Advisors in Albany

2024

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SmartAdvisor by SmartAsset

Albany, NY
  • Estate Planning
  • Financial Planning
  • Investment Management
  • Retirement Planning

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.

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.
4.0

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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
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Price: Free Consultation

Albany, NY

Why choose this provider?

Need help contacting a Financial Advisor in Albany? 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.

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

Price: Free booking service | Call 848.Book.Pro!

Website
159 Wolf Road, Suite 101, Albany, NY 12205
  • Estate Planning
  • Tax Planning
  • Retirement Planning

Why choose this provider?

Greenbush Financial Group, LLC, is an independent wealth management firm serving Albany. It offers financial planning and investment management services and assists with employer-sponsored retirement plans, including pension, simple IRA, and 401(k). The firm also serves as an insurance broker that specializes in Medicare plans. Greenbush Financial Group works with businesses with hundreds of employees throughout the United States and manages approximately $405 million worth of assets. Its financial planners have developed over 300 financial plans and are members of the Financial Planning Association.

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.
4.9
Google
4.9 / 5 (68)

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
133 Saratoga Road, Glenville, NY 12302
  • Certified Financial Planner (CFP)
  • Financial Planning

Why choose this provider?

Capital Services, LLC, offers financial planning, investment management, and tax preparation solutions to middle-class clients in Albany and the surrounding areas. The company also caters to customers all over the country and overseas. It manages investment portfolios using individual securities, such as public traded stocks and bonds. The Capital Services team maintains a fiduciary responsibility as a National Association of Personal Financial Advisors member. William Jerome founded the company in 1990. He volunteers at Building Homes for Heroes in his spare time.

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.
4.0

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
5 Computer Drive West, Albany, NY 12205
  • Financial Planning

Why choose this provider?

R. Paul Moroukian LLC is a wealth management agency that helps individuals and groups in the Albany metro. It assists clients in the areas of insurance, financial planning, and investment services. Its financial planning services cover college and estate, retirement, and 401(k) and 403 (b) planning. The company's website features calculators that identify and compute client issues such as Social Security taxes and current cash flow. Founder R. Paul Moroukian is a Certified Financial Planner who started his career as a financial advisor in 1986.

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.
2.5
Responsiveness
Friendliness
Helpfulness
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Detail
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Website
80 Wolf Road Suite 301, Albany, NY 12205
  • Finance Planning

Why choose this provider?

Albany Financial Group is an independent firm that has been serving individuals, families, and businesses in the metro since 1973. It helps clients reach their financial objectives through cash flow management, wealth accumulation, asset allocation, and tax planning services. The firm's financial planning and investment management practice is affiliated with A.J. Amato Wealth Management. Under the affiliation, Albany Financial Group manages over $1.2 billion in assets. Leonard Valletta, who serves as the principal for the firm, has been a financial planner since 1984.

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
1202 Troy Schenectady Rd Building #2, Latham, NY 12110
  • Retirement Planning
  • Financial Planning

Why choose this provider?

Thoroughbred Advisors is a firm serving Albany and the surrounding areas. It offers a wide range of services including financial and retirement planning, investment management, and life insurance. Its advisors assess their clients’ financial picture and advise them on strategies to help them reach their financial goals. They review their financial status on a regular basis and set up meetings. As part of this process, the firm offers an aggregation software that allows the clients to stay updated on their financial situations.

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 (9)

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
150 State Street, 4th Floor, Albany, NY 12207
  • Certified Financial Planner (CFP)

Why choose this provider?

Capable Wealth is a financial planning company serving clients in and around the Albany metro. The company helps small business owners, empowering them to make sound financial decisions. Its representatives assist individuals in implementing plans to bridge the gap between their current habits and future needs. The firm’s founder, Jared Paul, is a Certified Financial Planner and a Certified Investment Management Analyst. Paul supports the Financial Planning Association and has worked with many charitable groups, including Habitat for Humanity.

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 (21)
Facebook
5.0 / 5 (3)

Website
26 Computer Drive West, Albany, NY 12205
  • Estate Planning
  • Certified Financial Planner (CFP)
  • Financial Planning

Why choose this provider?

BST & Co. is a financial advisory firm that caters to individuals and businesses in Albany. Established in 1947, it reviews the tax and accounting histories of its clients. Through this, the firm's advisors are able to help customers identify their key financial goals, such as reducing annual expenses and maximizing profits. They also help them predict the outcomes of planned sales or partnerships with other corporations and conglomerates. The firm's managing partner, Ronald Guzior, is a certified public accountant.

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
Facebook
5.0 / 5 (13)
Google
4.0 / 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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
646 Plank Road, Suite 200, Clifton Park, NY 12065
  • Finance Planning

Why choose this provider?

Madison Wealth Managers is a full-service firm that caters to families and individuals in the Albany metro. Its financial advisors, tax specialists, and estate planners help investors achieve their financial goals through their range of comprehensive financial planning solutions. They create financial plans tailored to clients' needs, situations, and risk capacities. The company also offers retirement planning, education funding, and investment management services. One of its senior vice presidents, Michael Brown, has been in the financial services industry since 1992.

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 (3)

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
18 Corporate Woods Boulevard 2nd Floor, Albany, NY 12211
  • Retirement Planning
  • Financial Planning

Why choose this provider?

Rosemont Financial Group is an independent financial services firm that has been serving individuals, businesses, and families in Albany since 2010. Its financial advisors provide financial planning services, including retirement income, wealth, and estate planning. The company also offers financial products such as retirement accounts, insurance, annuities, and mutual funds. One of the firm's founding members, Paul Coluccio, is a Certified Financial Planner with over 12 years of experience in wealth management, retirement planning, income generation, and wealth transfer solutions.

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)
Google
5.0 / 5 (3)

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

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.

  • What is the difference between savings and investments in Albany?

    Individuals in Albany must be aware of the difference between their savings, which take the form of cash or cash alternatives and assists with expenses in the event of emergencies, and investments, which are assets geared toward short-term or long-term growth. These investments may take the form of stocks and bonds.

  • What is impact investing in Albany?

    Investors in Albany who want their portfolio to reflect their own personal values may choose to endorse impact investing, otherwise known as socially responsible investing. This entails taking out the investment options of companies that are working toward positive causes such as social justice, sustainable agriculture, reducing carbon emissions, and supporting small businesses.

  • How does the Tax Cuts and Jobs Act of 2017 affect Albany investors?

    Before the Tax Cuts and Jobs Act of 2017 sunsets on December 31, 2025, investors in Albany are advised to sell their securities if they are anticipating higher capital gains tax rates in the future. This is because high-income individuals can expect the top income tax bracket to revert from the current 37% to its pre-TCJA level of 39.6%.

  • Are Albany money market funds insured?

    Money market funds in Albany are not insured by the Federal Deposit Insurance Corporation or any other government institution. Hence, while these funds aim to preserve the value of one’s investment at $1 a share, they also carry more risk than other cash alternatives, such as bank accounts and certificates of deposit.

  • Can Albany residents withdraw emergency funds from their retirement accounts?

    As per the provisions of the SECURE Act 2.0, residents of Albany will be permitted to make penalty-free withdrawals of up to $1,000 once per year from their retirement accounts for emergency expenses. They will then be given three years to repay these distributions, and no further emergency withdrawals will be allowed until a full repayment is made. This is slated to take effect on December 31, 2023.

  • 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.