Expertise.com

2024

Last updated:

Best Financial Advisors in Utica

Our Recommended Top 12

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 Utica Financial Advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

26Reviewed

20Curated

12Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider
SmartAdvisor by SmartAsset logo

SmartAdvisor by SmartAssetExpertise.com

Utica, 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

Utica, NY

Expertise.com Rating

Why choose this provider?

Need help contacting a Financial Advisor in Utica? 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.

19 Campion Rd, New Hartford, NY 13413
WebsiteLicense: 5692565

Expertise.com Rating

Why choose this provider?

Tanner Claude Stewart, a Northwestern Mutual wealth management advisor for over a decade, works with individuals and businesses in Utica and neighboring areas. Stewart and his team provide individualized financial plans that include education funding, estate planning, and retirement planning. They also advise on matters involving investment strategies and educate clients on best wealth management practices. Stewart is a Chartered Financial Consultant and a recipient of the 2013-2014 Quality Award from the National Association of Insurance and Financial Advisors.

  • Estate Planning
  • Business Services
  • Retirement Planning

89 Genesee Street, New Hartford, NY 13413

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Ascent Wealth Partners is an independent firm that caters to people living in Utica and the surrounding areas. It helps individuals take charge of their finances by providing them with advice regarding investment strategies, financial and estate planning, wealth transfer, and tax mitigation. Ascent Wealth Partners has 700 clients with $1,050,000,000 assets under management. One of the company's partners, Scott C. McCartney, brings almost 15 years of experience in the industry and holds the CFA designation.

  • Estate and Trust Specialist

2502 State Route 5, Utica, NY 13502

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Van Meter & Van Meter, LLC, is a comprehensive financial planning firm serving clients in Utica. It caters to individuals looking to save and invest for the future and those planning for their retirement. Its professionals develop a long-term financial plan by determining the individual's goals and visions. The company has an investment management process to emphasize the allocation and diversification of assets and utilize wealth preservation and tax management strategies. It also offers risk management, charitable giving, and second opinion services.

  • Retirement Planning
  • Tax Planning

9273 Kellogg Rd., New Hartford, NY 13413
WebsiteLicense: 2263522

Expertise.com Rating

Review Sources

Google
5.0 (2)
Facebook
5.0 (2)

Why choose this provider?

Nelson & Strife Financial Group serves residents and business owners in Utica and its surrounding locations. The firm provides clients with various products and services, which include guiding them through the process of developing financial blueprints. Its solutions include reviewing its clients' individual situations and personal goals, analyzing their needs, creating and executing strategies, and coordinating their financial activities. Thomas J. Nelson, the president of the firm, used to serve as the president of the Utica Industrial Development Corporation and a board member of the Salvation Army.

  • Certified Financial Planner (CFP)

2508 Genesee Street, Utica, NY 13502

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Advanced Group Financial Services & Class Advisors serves clients in Utica. It offers a wide range of services, from retirement, business succession, and social security planning to college funding strategies. It also provides assistance for school employees with buying back time and assistance with tier reinstatement. Its employer plans include products from FES Installations and Rich Nimey’s Sales and Service. On the firm's website, clients can use various calculators, such as those for annuity comparison and retirement savings.

  • Retirement Planning

185 Genesee Street Suite 210, Utica, NY 13501
WebsiteLicense: 126155

Expertise.com Rating

Why choose this provider?

Adirondack Financial Services caters to high-net-worth individuals, nonprofit organizations, small business owners, and corporations in Utica. The company offers financial planning and investment advisory services, including retirement, education fund, tax, Medicare, and insurance planning. It helps employers formulate and administer retirement benefits for their employees through qualified retirement plans. CEO William F. Locke is a chartered financial analyst with more than 20 years of experience in investment counseling and trust management. He also serves as director of Adirondack Bank.

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

139 Genesee Street, New Hartford, NY 13413

Expertise.com Rating

Why choose this provider?

CG Capital is a financial life management firm serving individuals, families, and business owners in Utica. It helps create long-term plans customized to the need of each client, looking into their community, health and wellness, passion, contributions, and opportunity. CG Capital assists with wealth accumulation, taxes, risk management, retirement planning, and estate planning. One of its co-founders, Dennis D. Coughlin, is a Certified Financial Planner who has been in the industry since 1996. He has earned the AIF designation.

  • Certified Financial Planner (CFP)

130 Lomond Court, Utica, NY 13502
WebsiteLicense: 126084

Expertise.com Rating

Review Sources

Google
5.0 (2)

Why choose this provider?

Caruso McLean is a customized asset, investment, and wealth management company that serves clients in Utica. Its services focus on specific requirements, interests, and long-term goals, whether investing to generate wealth, protect the family, or maintain assets. Its team offers financial planning services involving college plans, money management, and retirement plans. It also assists in various investments, including common stock, educational IRA, bonds, and government securities. President and founding partner Gregory B. McLean has over 35 years of industry experience.

  • Estate Planning
  • Insurance Products
  • Tax Planning

16 Kellogg Road, New Hartford, NY 13413

Expertise.com Rating

Why choose this provider?

Master Planners & Associates, LLC, offers financial advisory services to clients in Utica and the neighboring areas. It guides individuals in planning for retirement, taxes, and estates and manages risks through insurance policies like life and health, long-term care, and disability. Its investment management solutions include mutual funds, college savings plans, managed accounts, traditional IRA, real estate investment trusts, and brokerage accounts. The firm's owner Lon C. Merritt has been in the industry since 1976 and holds a Certified Financial Planner designation.

  • Certified Financial Planner (CFP)

114 Business Park Drive, Utica, NY 13502
WebsiteLicense: 109677

Expertise.com Rating

Review Sources

Google
5.0 (6)
Yelp
1.0 (1)

Why choose this provider?

Strategic Financial Services is a firm that serves Utica. It offers long-term investment and financial planning services to help individuals and families manage their wealth and secure their future. Through its “The Discovery Moment” process, it performs holistic views of its clients’ personal and financial lives and executes strategies that align with their objectives, which include charitable and contingency planning, education, and retirement. Before establishing his firm in 1979, founder Alan Leist Jr. previously held management positions in different companies.

  • Certified Financial Planner (CFP)

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 differentiates Net Asset Value (NAV) from Assets Under Management (AUM) in Utica?

    In Utica, the total value of a fund's assets minus all of its obligations is known as Net Asset Value (NAV) and is frequently displayed on a per-share basis. NAV shows the share price for buying and selling fund shares. The value of the assets managed by a person or business, excluding funds, is referred to as Assets Under Management (AUM). In contrast to NAV, which is reported as a per-share figure, AUM represents the total value of managed assets.

  • What are the consequences in Utica if you fail to take a Required Minimum Distribution (RMD) by the designated deadline?

    A 25% penalty will be applied to the unwithdrawn portion of the Required Minimum Distribution (RMD) if you fail to take it before the deadline in Utica. However, if you can show that the failure was due to an appropriate reason and not deliberate neglect, the penalty may be lifted.

  • Why is passive income significant in Utica?

    Passive income in Utica is essential for maintaining one's financial security when one's ability to earn active revenue is constrained. Other advantages of passive income encompass:

    • Alleviating stress through an additional income source for bills and unexpected expenses.
    • Enhancing cash flow with supplementary revenue streams.
    • Expanding opportunities for early retirement through passive income, whether derived from stock market investments, diversifying income streams, or establishing a self-sustaining business.
  • Which individuals qualify to receive Social Security survivors' benefits in Utica?

    In Utica, eligible individuals for Social Security survivors' benefits include:

    • Widow or widower caring for the deceased's disabled or under-16-year-old child.
    • Surviving divorced spouse.
    • Dependent parent aged 62 or older.
    • Unmarried child of the deceased, 18 years old or older with a disability that took place before turning 22, or below 18 years old (or up to 19 if a full-time student in elementary or secondary school).
    • Widower or widow aged 60 or older (or 50 or older with a disability).
  • What medical expenses are not covered by Medicare in Utica?

    Some medical expenses not covered by Medicare in Utica include:

    • Eye care: Glasses, regular eye exams, and contact lenses are generally not covered, but specific optical care services may have coverage for long-term eye issues.
    • Dental care: Routine dental care is not covered by Medicare Parts A and B.
    • Hearing aids: Medicare does not cover hearing aids, but certain Medicare Advantage plans may offer coverage.
    • Long-term care: Basic Medicare does not cover long-term care.
  • 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.