Top Financial Advisors in New York, NY

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Cerity Partners takes the No. 1 spot on our list of the top financial advisors in New York City and also appears on our list of the top advisors in the United States. Cerity is a large firm, working with a wide range of clients, including nearly 20,000 individuals and high-net-worth individuals. Cerity, which doesn't have a minimum account size requirement, offers financial planning, retirement planning, estate and gift planning, portfolio management, tax planning and wealth management services.

Cerity Partners is a fee-based firm that may receive additional compensation if you purchase an insurance policy or fixed annuity through its subsidiary, CP Risk Management Services LLC. While this creates a conflict of interest, as an investment advisor registered with the Securities and Exchange Commission (SEC), Cerity Partners has a fiduciary duty to act in clients' best interests.  

In addition to its headquarters in New York, the firm has offices from in more than 20 states from coast to coast. 

The firm seeks to create a unique asset allocation strategy for each client and invests in a combination of equities, fixed income, cash and cash equivalents, specialty and private markets and sub-asset classes. Cerity Partners typically allocates clients assets among third-party managers "who specialize in managing assets according to Cerity Partners' asset classes," the firm states in its brochure. In some cases, though, the firm may recommend individual securities, private equity funds or hedge funds. 

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Compound Planning works with individuals, high-net-worth families, businesses, retirement plans, financial intermediaries and institutional clients. It generally requires a minimum account size of $25,000 for managed portfolio and turnkey asset management services, though this minimum may be waived or negotiated at the firm’s discretion. Financial planning and consulting services do not have a minimum asset requirement.

Compound Planning is a fee-based firm. Advisors may receive third-party compensation from brokerage or insurance-related activities, which creates a conflict of interest. However, as an investment advisor registered with the Securities and Exchange Commission (SEC), Compound Planning has a fiduciary duty to act in clients' best interests. 

The firm provides a wide range of services, including investment management, financial planning and consulting, retirement planning, estate planning, tax strategy and consulting, institutional advisory services and retirement plan advisory services. Compound Planning also offers a turnkey asset management program for outside advisors, direct indexing, tax-loss harvesting, portfolio rebalancing, securities-backed lending arrangements, company equity management and family office-style support.

Compound Planning builds portfolios based on each client’s risk level and investment goals. Portfolios may include a mix of ETFs, mutual funds, individual stocks and bonds, cash-like investments and alternative investments. The firm may use several methods to guide portfolio decisions, including company research, broad market analysis, diversification principles, direct indexing, ESG-focused funds and regular rebalancing. In some cases, Compound Planning may also use more advanced strategies, such as options or lending-related structures, with help from third-party sub-advisors.

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Wealthspire Advisors is up next on our list of the top financial advisory firms in the Big Apple. The advisory team here is quite large, and Wealthspire's client base comprises thousands of individuals and high-net-worth individuals.

Wealthspire is a fee-only practice, which means that the firm and its advisors do not collect third-party compensation for selling or recommending certain services. The firm also requires varying minimum assets, depending on specific circumstances for each account.

Several advisors at the firm have various designations, including the CPA, CFP®, ChFC, CDFA, CEPA, AIF credentials, among others. 

Wealthspire aims to help clients achieve short-to-long-term financial goals. To that end, Wealthspire continuously researches new opportunities and monitors and evaluates existing investments. The firm relies on a diversification strategy in asset allocation to reduce investment risk, and offers a comprehensive range of financial services that include portfolio management and financial planning. Specifically, the firm can help clients with retirement planning, investment planning, insurance and risk management, income tax planning and estate planning. 

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Rockefeller Capital Management is a New York-based division of Rockefeller & Co. LLC and also does business as Rockefeller Global Investment Management.

The firm does not list a specific dollar minimum to open or maintain an account, though minimums may vary by strategy, reporting needs, service requirements and other factors. Rockefeller primarily serves high-net-worth and ultra-high-net-worth individuals and families, and it also works with family offices, trusts, retirement accounts, charitable organizations, foundations, endowments, government plans, sovereign entities, investment funds, institutional investors, financial advisors and intermediaries.

Rockefeller is a fee-based firm, as advisors may receive compensation in addition to client-paid advisory fees. While this additional compensation creates a potential conflict of interest, the firm is registered as an investment advisor and has a fiduciary duty to act in clients' best interests.

The firm offers discretionary, non-discretionary and model-delivery investment management, as well as separately managed accounts, sub-advisory services and asset allocation guidance. Its services may also include macroeconomic and market insights, structured solutions, retirement solutions, banking and lending advisory services, proxy voting and class action processing.

Depending on the relationship, clients may access external managers and family office services through Rockefeller Global Family Office. Rockefeller offers equity, fixed income, alternative and multi-asset strategies, including global and small-cap equities, ESG and climate-focused portfolios, long/short equity, private equity, venture capital, taxable and tax-exempt bonds, cash management and municipal bond strategies. Its equity approach generally emphasizes bottom-up research, while fixed income strategies focus on total return, income, capital preservation and municipal opportunities.

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First Manhattan is a fee-based firm that provides professional investment management services to a mix of individuals, high-net-worth individuals and institutional clients. 

For separately managed accounts offered offers through a wrap program, the firm typically institutes an account minimum that it may occassionally adjust. The advisory team at First Manhattan holds a number of certifications, including the CFP®, ChFC, CLU and CFA marks.

Keep in mind that First Manhattan Co. portfolio managers are also registered representatives of First Manhattan Securities, a registered broker-dealer. This dual role and "the use of an affiliate broker-dealer under the same parent company" constitute a conflict of interest. However, the firm is registered as an investment advisor and must abide by fiduciary duty.  

The advisors at First Manhattan tailor their advice to the individual needs and interests of their clients based on detailed financial information and other personal and family considerations. Clients may impose restrictions on investing in certain securities or types of securities in discretionary accounts. The firm provides advice to fund clients that is consistent with their respective offering documents, which may include certain investment restrictions. 

First Manhattan Co. manages assest for the stated purpose of long-term capital appreciation. To do this, the firm invests client assets in publicly traded equities and fixed-income securities. 

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Snowden Capital Advisors concludes our list of the top financial advisory firms in the Big Apple. While Snowden Capital Advisors typically requires a minimum deposit of $100,000 to open an account, the firm may choose to accommodate clients with lower investable assets or initial account sizes. As a result, the firm primarily works with individuals above and below the high-net-worth threshold, as well as a variety of institutional clients. 

As a fee-based advisory practice, advisors may earn third-party compensation on the sale of securities and/or insurance. While this is a conflict of interest—advisors have a financial incentive to recommend certain products and services over others—the firm is a fiduciary and must act in clients’ best interests.

The firm's comprehensive suite of services encompasses estate planning goals, retirement planning, education planning, insurance planning, risk management investments, portfolio management, investment consulting, asset allocation, cash management and wealth management. The firm offers its portfolio management primarily through wrap fee programs, which bundle advisory and brokerage services into one fee.

The firm manages investments using a mix of its own strategies and outside managers it has reviewed and selected. Client portfolios usually include a wide variety of investments, such as stocks, bonds, mutual funds, ETFs, real estate funds, options and other types of assets. Strategies may focus on growth, income, diversification and risk management, with investment choices tailored to each client’s financial goals, time horizon, and tolerance for risk.

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Savvy Advisors, Inc., also known as Savvy, is next on our list of the top financial advisory firms in the Big Apple. The firm generally requires a $500,000 minimum account size, though individual advisor representatives may negotiate different minimums. Certain third-party managers may also impose higher minimums.

The firm works with individuals, high-net-worth individuals, trusts, estates, retirement plans, charitable organizations, foundations, corporations and other business entities. It also serves ERISA plan sponsors, including participant-directed defined contribution plans such as 401(k) plans.

Advisors may receive third-party compensation through outside broker-dealer or insurance affiliations in addition to client-paid advisory fees. This makes Savvy a fee-based firm. While this compensation model creates a conflict of interest, the firm is registered as an investment advisor and has a fiduciary duty to act in clients' best interests.

The advisory team includes advisors with the CFP®, CIMA, CRPC and CLU credentials. The firm offers wealth management, financial planning, retirement planning, tax planning, trust and estate planning, insurance planning, education planning, charitable planning, business planning, retirement plan consulting and risk management.

Savvy generally uses diversified ETFs and mutual funds for index-based, long-term investing. The firm may also use individual stock portfolios, direct indexing, ESG-oriented investments, covered call strategies, fixed income, alternative investments, structured products, derivatives, hedging strategies, international securities and third-party sub-adviser managed portfolios. Some strategies may include tax-loss harvesting, quarterly rebalancing or concentrated stock portfolio management.

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Ritholtz Wealth Management is up next on our list of the top financial advisory firms in New York. The firm does not have a set account minimum, but works with individuals, high-net-worth individuals, trusts, estates, charitable organizations, government entities, pension plans and profit-sharing plans.

Ritholtz Wealth Management is a fee-based firm, meaning the firm and related persons may receive compensation beyond advisory fees through affiliated insurance services, affiliated fund arrangements and certain revenue-sharing relationships. While this creates a conflict of interest, the firm is registered as an investment advisor and has a fiduciary duty to act in clients' best interests. The Ritholtz team includes advisors who hold the CFP® and CFA marks.

The firm provides a range of services, including portfolio management, financial planning and consulting, online wealth management through its Good Advice platform, automated advisory services through its Liftoff offering, retirement plan consulting and college financial planning. It may also help clients with held-away account management, tax planning, estate planning, insurance services, corporate retirement support, family office services and institutional investing.

Ritholtz Wealth Management generally uses a goal-based planning process informed by behavioral economics and asset allocation. Client portfolios may include institutional share class mutual funds, ETFs, separately managed accounts, tactical model portfolios, fixed income strategies, options, structured products, alternative investments and cash management vehicles. The firm may also provide access to digital assets or cryptocurrency strategies on an unsolicited basis when appropriate.

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Summit Rock Advisors is a fee-only advisory firm with an incredibly high minimum asset requirement: $100 million. As a result of this level of exclusivity, the firm has the fewest individual clients of any firm on this list. It's no suprise that all individual accounts at Summit Rock belong to high-net-worth individuals. Other clients include pooled investment vehicles and charitable organizations.

Summit Rock is a fee-only firm, as advisors do not receive third-party commissions from selling securities or insurance. The firm aims to provide clients with holistic wealth management services. This involves rolling together investment management and financial planning to help clients reach their financial and investment goals. 

In addition to its spot on this list, Summit Rock is also among the top firms in the Empire State. 

Summit Rock creates customized investment plans based on each client's objectives, risk tolerance, time horizon, liquidity needs, tax position and broader financial circumstances. The firm emphasizes capital preservation, lower volatility and long-term purchasing power through diversification across asset classes, strategies, managers, geographies and sectors. Client assets may be invested through the private funds that Summit Rock manages, directly held assets and third-party managers, with allocations spanning public and private investments. Portfolios may comprise equities, bonds, ETFs, derivatives, private equity, venture capital, cash and cash equivalents.

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BBR Partners, a fee-only advisory firm, concludes our list of the top financial advisors in New York. However, the firm's $50 million account minimum makes it one of the most exclusive on this list and only suitable to ultra-high-net families.

While the firm may be willing to waive its account size requirement, it's client base indicates its very unlikely. In fact, the vast majority of BBR's clients are high-net-worth individuals. The firm also manages dozens of private investment funds. 

BBR Partners has a large team of advisors who hold a variety of professional credentials, including the CFP®, CFA, AIF and CPA marks.

BBR Partners helps wealthy families and individuals manage their wealth by creating personalized investment plans, selecting outside money managers and providing detailed reports on all of their financial holdings. 

The firm builds diversified portfolios using outside investment managers, mutual funds, ETFs, private funds and proprietary funds. BBR monitors portfolios over time and may make adjustments based on each client’s objectives, risk tolerance and financial circumstances.