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Best Financial Advisors in Allentown

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Allentown, PA
  • Estate Planning
  • Financial Planning
  • Investment Management
  • Retirement Planning

Business Description

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.

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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
Yelp
4.0 / 5 (4)

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.
4.0
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Price: Free consultation

Allentown, Pennsylvania logo
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Allentown, Pennsylvania

3435 Winchester Road, Allentown, PA 18104
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  • Estate Planning
  • Retirement Planning

Business Description

Northeast Financial Group, Inc is a financial advisory firm that serves clients in Allentown. The firm provides comprehensive fiduciary and investment services for its clients. It offers services that include organizations, retirement planning for organizations, individuals, and financial wellness. It also offers asset management, executive benefits, employee retirement savings plans, wealth management, estate & risk management planning, and alternative income & investments. The financial group was founded in 1987 and was named 2019 Financial Times 300 Top Registered Investment Advisors.

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.
5.0
Responsiveness
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Crest Financial Group logo
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Crest Financial Group

1401 North Cedar Crest Boulevard, Allentown, PA 18104
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Crest Financial Group serves clients in Allentown and the nearby areas. It offers risk management services that include assistance for individuals needing long-term care and disability insurance products. It also helps clients manage their finances and prepare their retirement plans. Its wealth manager, Robert K. Springer, is also a licensed life and health insurance agent who has over 35 years of experience in the financial industry. Springer is also a professor of investments, retirement, and estate planning.

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
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Lehigh Valley Investment Group logo
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Lehigh Valley Investment Group

4000 Wegmans Drive, Bethlehem, PA 18017
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Business Description

Lehigh Valley Investment Group is a full-service financial management firm that lists Allentown as its service area. It helps clients plan for a comfortable retirement, college education, or passing on a meaningful legacy to the next generation. The firm also assists clients in tax planning, reducing debts, cash flow management, and investing. Lehigh Valley Investment Group's founder, Robert Brown, served as past president of The Estate Planning Council of the Lehigh Valley.

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 (1)

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
Liberty Wealth Management logo
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Liberty Wealth Management

3570 Hamilton Boulevard, Allentown, PA 18103
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  • Certified Financial Planner (CFP)

Business Description

Liberty Wealth Management is an independent and privately owned firm that serves Allentown. It creates and manages comprehensive financial strategies tailored to clients' needs. It also helps retirees be financially secure by building retirement income strategies. The firm also provides guidance on matters such as insurance, investments, budgeting, estate, and taxes. Liberty Wealth Management's co-founder, Richard Frable, is a Certified Financial Planner. Frable was featured in The Morning Call and was a regular contributor to the Eastern Pennsylvania Business Journal.

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
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Magellan Financial, Inc. logo
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Magellan Financial, Inc.

1605 North Cedar Crest Boulevard, Allentown, PA 18104
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Magellan Financial, Inc., is an asset and wealth management firm located in Allentown. It strives to provide complete financial services to clients including retirement planning, money management, estate planning, asset allocation, and investment planning. Its business financial services help companies in liquidity events, transition plans, and tax-efficient investments. One of the firm's partners, Jeffrey Bogert, started his career in the financial services industry in 1975. He serves the community by supporting the East Penn Jaycees and Wildlands Conservancy.

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
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Markle Wealth Management logo
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Markle Wealth Management

1150 South Cedar Crest Boulevard, Allentown, PA 18103
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Tax Planning

Business Description

Catering to clients in Allentown and surrounding areas, Markle Wealth Management is a financial services firm offering a number of services such as education planning, insurance planning, tax planning, cash management, and retirement planning. The firm also provides investment planning services, helping clients identify their risk tolerance with their portfolios. Markle Wealth Management is a member of the National Association of Personal Financial Advisors (NAPFA). Its owner, David S. Markle, was a former state council member of the Pennsylvania Institute of Certified Public Accountants.

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
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One Financial Services logo
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One Financial Services

1605 North Cedar Crest Boulevard, Allentown, PA 18104
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  • Retirement Planning

Business Description

Located in Allentown, One Financial Services provides for the financial planning needs of the local metro. It offers services such as special needs planning, estate planning, and retirement planning. It also provides tax services, which involves advising clients on strategies such as maximizing IRA contributions throughout the tax year and Roth IRA conversions. Emilio Morrone, the principal and co-founder of One Financial Services, has several professional designations, including Personal Financial Specialist and Certified Financial Planner.

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 (4)

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Pinnacle Advisor Group logo
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Pinnacle Advisor Group

2851 South Pike Avenue, Allentown, PA 18103
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  • Certified Financial Planner (CFP)

Business Description

Pinnacle Advisor Group help residents in Allentown and its surrounding areas with their financial concerns. The firm's list of services include financial planning, asset management, investment education, risk management, estate planning, and asset allocation. It also services business owners who require assistance with business succession and economic analysis. Founder Thomas Roberts has over 20 years of experience in the financial services industry and was given the Spotlight Award from the Eastern Pennsylvania Business Journal in 2008.

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 (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
Steele Valley Wealth Strategies of Raymond James logo
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Steele Valley Wealth Strategies of Raymond James

740 Hamilton Street, Allentown, PA 18101
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  • Private Wealth Advisor

Business Description

Providing financial services in Allentown, Steele Valley Wealth Strategies of Raymond James has a combined experience of more than 80 years in the field. The firm is able to serve a wide range of clients, from business owners, employees, corporate executives to educators, multigenerational families, and young professionals. Its services include financial planning and investment management. The firm aims to guide clients in pursuing their lifetime financial goals and extending their wealth to the next generation.

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
Back to Providers

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.

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.

What does a financial advisor do?

Financial advisors can have many types of specialties. Generally, a financial advisor advises on or helps to execute a financial plan. Some examples include assisting people with getting out of debt, building out an investment portfolio, and handling taxes.

How much money do I need to work with a financial advisor?

There’s no specific income level you need in order to work with a financial advisor, but there may be a minimum investment amount for certain types of services. Some financial advisors won’t manage your money unless you have $100,000 or more to invest, but this isn’t the case with financial coaches or robo-advisors.

What does a financial coach do?

Financial coaches focus on improving your financial literacy and money management skills. For example, they can help you figure out how to pay down your student loans or decide how much money to put away for retirement. They usually charge by the hour and don’t offer asset management services or investment advice.

When should I use a financial advisor vs. doing it myself?

Smart money management can give you freedom and comfort. Being responsible with your money makes it possible to meet goals and pay for major expenses. A financial advisor is trained and can offer you expertise that would otherwise take years to learn. They know how to save you money and make it go further.

How do I know if my financial advisor is trustworthy?

Because financial advisors aren’t licensed or regulated, it’s up to the client to make that determination for themselves. However, if your advisor is a fiduciary, that means they’re legally bound to act in your best interest. Some types of advisors, including Certified Financial Professionals (CFPs), are held to fiduciary standards.

What\'s the difference between a financial advisor and a financial planner?

The term financial advisor is a broad phrase that encapsulates many specialties, including financial planner. It's similar to how doctor applies to different physicians, while a cardiologist is a specialty doctor. A financial planner helps their client plan to achieve long-term financial goals, such as saving for a house or retirement.

Are financial advisor fees tax deductible?

Until 2018, financial advisor fees were tax deductible as a miscellaneous expense. However, the Tax Cuts and Jobs Act elimited that deduction until at least 2025.

What is a financial consultant?

A financial consultant and a financial advisor are essentially the same. In recent years, financial consultant has become a less popular term, with financial advisor being much more common. Sometimes, the financial professional may opt for the term consultant when offering services to a business rather than an individual.

What is a robo-advisor?

A robo-advisor is essentially an algorithm that manages your investment portfolio for you. Because their services are automated, you’ll pay less than you would for a human advisor — often between 0.25% and 0.50%. They don’t require large initial investments either, making them a popular choice for entry-level investors. However, you won’t get the same level of advice that you would get from a personal financial advisor.

What makes someone a fiduciary?

Fiduciary is a legal term for a person who has a legal or ethical responsibility to act in your best interests. For example, a trustee and a beneficiary. A financial advisor may have a fiduciary obligation to make financial choices that are best for you, even if it means they earn less in commissions or fees.

How often should I meet with my financial advisor?

After your initial meeting, you may only need to check in with your financial advisor on a quarterly or annual basis. Ask them in advance how often you can expect to hear from them, and whether they offer in-person, phone, or virtual meetings.

Should your financial advisor be a fiduciary?

It’s important to understand that only some — not all — financial advisors have a fiduciary obligation to their clients. Always ask your financial advisor if they’re bound by fiduciary duty. If not, it’s possible that they’ll push products or services that earn them the highest commission, not necessarily what’s best for you. Opt for a financial advisor bound by fiduciary duty whenever possible.

Can my financial planner help with taxes?

Financial advisors aren’t necessarily accountants or tax preparers, so don’t expect them to prepare your taxes for you. However, they may be able to provide tax-related advice to help you optimize your returns and deductions. If you need an advisor who can file your taxes, look for one who is also a CPA (Certified Public Accountant).

Do I need a financial advisor?

Ask yourself if a financial advisor can fill a need or solve a problem you can’t easily handle on your own. They can be helpful in a wide variety of ways, such as building budgets or financial plans, finding ways to save money on taxes, creating an investment portfolio, or offering investment advice.

How do financial advisors get paid?

Clients pay to work with a financial advisor whether it’s through fees, commissions, or salaries. If they’re paid by client fees or commissions, their salary is tied to how much business they bring in. The harder they work, the more they make. In comparison, a salaried employee is guaranteed their wage no matter how many clients they have.

What experience should I look for in a financial advisor?

 If you have specific goals or a unique financial situation, look for a financial advisor with expertise in that area. For example, some financial advisors specialize in working with millennials or focus on socially responsible investing.

How much does a financial advisor cost?

A financial advisor’s costs depend on their fee structure. Some advisors charge a fee — either hourly or a percentage of the client assets under management. Another common option is to charge a commission on the products sold or investments made.

Should I hire a financial advisor before buying a house?

While not always necessary, a financial advisor could help you decide how large of a mortgage to apply for, how much money to put down, and how to balance the purchase with other savings and investment goals.

How many financial advisors are there in the U.S.?

According to the U.S. Bureau of Labor Statistics, it’s estimated that there are 218,050 financial advisors. California is the state with the highest employment of financial advisors across the nation.

Do banks offer financial advisors?

Yes, many banks have financial advisors on staff. Your bank may also offer incentives to work with their financial advisors, such as lower fees or free accounts. However, it's important to note that many of the bank's financial advisors don't have a fiduciary obligation and might prioritize the bank's products above all else. There is a cost when working with your bank's financial advisor.

Should I hire a wealth manager?

A wealth manager can help offer complex financial planning services, including tax guidance, estate planning, and legal assistance. While you don't have to be a high-income earner to benefit from a financial advisor, a wealth manager is typically for those that have a high net worth. However, many people build wealth and need a wealth manager later on in life.

Is wealth management worth it?

Wealth management is typically worth it for those who need help with multiple endeavors or comprehensive financial situations, such as charitable contributions or investment portfolio management, or want to protect their assets. A wealth manager can also offer you guidance if you’ve been neglecting your finances or making poor judgements.

How can you tell if a financial advisor is bad?

Your relationship with your financial advisor is a very personal one, as you’re trusting them with your wealth and future. Some general signs that your financial advisor is bad include:

  • They can’t answer your financial questions
  • You have worked with them for a while but haven’t seen a financial improvement
  • They don’t provide you with progress reports
  • They don’t check in with you

What do you need to be a financial advisor?

As mentioned, there are over 100 types of certifications for financial advisors. The training or experience you need will depend on which specialty you want to pursue. Generally, financial advisors need to have:

  • A Bachelor’s degree
  • A General Securities Representative license (Series 7 license)
  • A Certified Financial Planner (CFP) certification isn’t mandatory but is often preferred

Where do financial advisors work?

Where a financial advisor works will depend on what type of financial advisor they are. Financial advisors can work at a variety of places, including:

  • Securities and commodity brokers
  • A bank
  • A credit union
  • Independently
  • Insurance companies
  • Financial investment firms
  • Small investment advisory firms

How much do financial advisors make?

In 2019, the national average salary for a financial advisor was $87,850. However, it’s important to note the average salary varies from state to state and the different focus areas — an investment advisor may make a lot more than a financial planner. Lastly, salary can depend on how the individual is getting paid. Financial advisors can be paid by client fees, commissions, or salaries.

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