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.  

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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Summit Rock Advisors claims the second spot on our list of the top financial advisory firms in New York. This firm has an incredibly high minimum asset requirement, as you'll generally need at least $100 million to open an account. As a result of this level of exclusivity, the firm has fewer clients than some of the other firms on the 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 and our list of the top firms in the Empire State, Summit Rock Advisors is recognized among the top 10 advisors in the U.S.

Summit Rock Advisors designs personalized investment portfolios to help clients protect and grow their wealth over time. The firm spreads investments across many types of assets and works with top outside managers, along with its own private investment funds. Summit Rock looks for opportunities in areas where skilled managers can add value and carefully reviews each manager it selects. The goal is to create well-diversified portfolios that balance steady growth with smart risk management.

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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 certified public accountant (CPA), Certified Financial Planner™ (CFP®), chartered financial consultant (ChFC) and certified divorce financial analyst (CDFA) desigations, 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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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. These include Certified Financial Planners™ (CFPs®), chartered financial consultants (ChFCs) and chartered financial analysts (CFAs).

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 unders 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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Silvercrest Asset Management Group does not have a set account minimum, although the majority of the firm's clients are high-net-worth individuals. In fact, it doesn't work with any individuals or families with less than a high net worth. The firm also has an institutional client base.

This fee-only firm has Certified Financial Planners™ (CFPs®), chartered financial analysts (CFAs) and certified public accountants (CPAs) on staff. As a result, the firm offers a variety of services, including business succession planning, estate and tax planning and investing for retirement. It also works with family offices and endowments, and helps clients diversify from concentrated stock holdings or privately held assets.

Silvercrest Asset Management employs a variety of investment strategies focused on delivering value and growth across multiple market capitalizations and asset classes. Their U.S. Large Cap Value Equity and U.S. Small Cap Value Equity strategies use a bottom-up approach, targeting companies with strong returns on capital, minimal leverage, and attractive valuations. They emphasize buying high-quality companies at a discount and meeting with company leadership before making initial purchases. The firm also offers U.S. Equity Income and U.S. Multi Cap Value strategies that follow similar value-oriented methodologies, aiming to generate excess cash flow and reinvestment opportunities.

In addition to equity strategies, Silvercrest provides specialized investment options, including its U.S. Real Estate Investment Trust, U.S. Small Cap Growth and U.S. SMID Cap Growth portfolios. These strategies are designed to capture opportunities in specific sectors and asset classes. 

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Tiedemann Advisors is a fee-only firm, which means all of its compensation comes from client-paid fees. Among the firm's advisors are Certified Financial Planners™(CFPs®), chartered financial analysts (CFAs), certified public accountants (CPAs), chartered alternative investment analysts (CAIAs) and certified investment management analysts (CIMAs).

The firm doesn’t impose any explicit account minimum. However, certain funds or sub-advisors may have independent account minimums that may affect where the firm can allocate your assets. The firm works mostly with high-net-worth individuals. Its other clients also include charitable organizations and investment funds.

The firm provides discretionary and non-discretionary investment advisory services, as well as investment consulting services and other general consulting services. Typically, Tiedemann will act as a manager of managers, allocating some or all of a client’s portfolio to be managed by a third-party sub-advisor.

As mentioned above, Tiedemann Advisors typically uses third-party money managers to allocate its clients’ assets, whether it be directly through managed accounts or indirectly through mutual funds, exchange-traded funds (ETFs), exchange-traded notes (ETNs) or private investment funds.

The firm’s investment process typically begins with broad, macroeconomic research and fundamental analysis in order to come up with broad asset allocations that may bring about an attractive potential return. The firm then uses a proprietary risk optimization tool to formulate more specific asset allocation frameworks that make sense for each client’s investment objectives and risk tolerance.

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BBR Partners is a fee-only advisory firm with a very high account minimum of $50 million, making it one of the most exclusive on this list. While the firm may be willing to waive this requirement, its client base indicates its very unlikely. In fact, the vast majority of BBR’s clients are high-net-worth individuals. However, the firm also works with some non-high-net-worth individuals in spite of the high account minimum, as well as institutional clients.

The firm has a large team of advisors, including Certified Financial Planners™ (CFPs®), chartered financial analysts (CFAs) and certified public accountants (CPAs).

BBR Partners helps wealthy families and individuals manage their investments by creating personalized investment plans, selecting and overseeing outside money managers and providing detailed reports on all of their financial holdings. The firm also manages its own investment funds and offers additional support to help clients manage and organize their overall financial lives.

The firm creates diversified portfolios by using a mix of outside investment managers, mutual funds, ETFs, private funds and its own proprietary funds. BBR actively monitors portfolios, aiming to deliver consistent results that match each client’s unique needs.

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Founded in 1983, TAG Associates is the oldest firm on this list. TAG requires new clients have $10 million to invest, and as a result, works exclusively with high-net-worth individuals and insitutional clients. 

As a fee-only firm, all of TAG's compensation comes from client-paid fees. This differs from a fee-based firm which can receive third-party commissions in addition to client-paid fees, creating conflicts of interest. TAG's team of advisors includes Certified Financial Planners™ (CFPs®), certified public accountants (CPAs) and chartered financial analysts (CFAs).

TAG builds tailored investment strategies focused on preserving and growing client wealth across generations. The firm designs asset allocation plans, selects and monitors third-party managers, and offers access to hedge funds, private equity and proprietary alternative funds. Portfolios are actively managed and diversified to help reduce volatility. TAG also uses select short-term trades, options and margin when appropriate.

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Summit Trail Advisors is a fee-based firm that primarily serves high-net-worth individuals and institutional clients, though it also works with some individuals without high net worth. While the firm generally does not enforce a minimum relationship size, certain strategies may require a minimum asset level, which can be waived at the firm’s discretion.

Advisors may receive third-party compensation for certain product recommendations, though they are bound by a fiduciary duty to act in clients' best interests. In addition to its New York headquarters, Summit Trail operates branch offices in San Francisco, Chicago, Boston, Seattle, and Harrisburg, Pennsylvania.

The firm provides a wide range of services, including estate and tax planning, insurance guidance, portfolio management, philanthropic advice, cash and tax management, and benefits consulting. Its investment strategies are customized to each client and may include long- and short-term purchases, margin transactions and options trading. Client assets are typically invested across a broad array of securities, including individual stocks, bonds, mutual funds, ETFs, separately managed accounts, and limited partnerships, with the firm also working alongside independent managers.

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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.