financial planning

New York's Financial Advisors

By James Fletcher 14 July, 2023 2 mins read

To find the best financial advisor for your needs, there are many companies you could consider. Altfest Financial Group, Joel Isaacson & Co. Summit Rock Advisors & Silvercrest Asset Management Group LLC are just a few of the companies. Each one of these firms specializes in different types of investments. These firms cater to high-net-worth families, endowments, private charities, and select institutional investors.

Altfest

Lewis Altfest, a CERTIFIED FINANCIAL PLANNER(tm), is a professional member of The Financial Planning Association. He serves clients in New York as the CEO and Chief Investment Officer of Altfest Personal Wealth Management. Prior to Altfest, he was a general partner at Lord Abbett & Co. which is a financial consulting company with over $100 billion under management. His investment career began as a research assistant at Wertheim & Co.

Frisch Financial Group

Frisch Financial Group's investment team includes certified financial advisors and investment professionals. These professionals specialize in various fields, including personal finance, divorce financial planning, and fund management. Their goal is to give you personalized and individualized advice to help achieve your goals. In addition to providing investment advice, Frisch Financial Group also offers educational resources for clients. David Andrew Frisch established the company in 1999. In 2001, the firm was registered as an investment advisor. David is the firm's president and chief executive officer.

Joel Isaacson & Co.

Joel Isaacson & Co. LLC, an independent wealth management agency in New York City, can help. With 20 years of experience providing fee-only wealth management services, Joel Isaacson & Co. LLC is free of the big institutions and can remain objective at all times. This means you can trust their advice and make an informed decision. They want to help you make the most informed financial decisions.

Summit Rock Advisors

Summit Rock Advisors, LP, is a New York-registered investment advisory firm that manages investments on behalf of its clients. The firm focuses on diversifying its portfolio across asset categories, geography, investment strategy, and return driver. There are over sixty employees at the firm and a flat-fee fee. It does not pay commissions, take commissions, or pay employees for bringing in new clients. Instead, it pays its employees based the amount of money they manage.

Wealthspire Advisors

Wealthspire Advisors has 19 offices in 10 States and 270 associates. They are committed to the fiduciary model and collaborate strategies. The firm serves as a wealth advisor, investment advisor, consultant and constant partner in helping clients realize their aspirations. Wealthspire Advisors: Click here for more information. Here's a closer look at Wealthspire Advisors' business model. The founders of the firm are highly knowledgeable in all aspects financial planning.

Kaya Ladejobi

Kaya Ledejobi, a financial planner and founder of Earn Into Wealth Strategies is a financial consultant whose main focus is helping women and people with disabilities build wealth. Her firm helps women in their thirties and forties who are still building their wealth. Ladejobi, who is a woman, has backgrounds in media, law, healthcare, and entrepreneurship. She has been named as one the industry's Top Ten Young Advisors.

FAQ

Who can I trust with my retirement planning?

Many people find retirement planning a daunting financial task. It's more than just saving for yourself. You also have to make sure that you have enough money in your retirement fund to support your family.

When deciding how much you want to save, the most important thing to remember is that there are many ways to calculate this amount depending on your life stage.

If you're married, for example, you need to consider your joint savings, as well as your personal spending needs. Singles may find it helpful to consider how much money you would like to spend each month on yourself and then use that figure to determine how much to save.

You can save money if you are currently employed and set up a monthly contribution to a pension plan. If you are looking for long-term growth, consider investing in shares or any other investments.

Contact a financial advisor to learn more or consult a wealth manager.

How old should I start wealth management?

Wealth Management can be best started when you're young enough not to feel overwhelmed by reality but still able to reap the benefits.

The earlier you start investing, the more you will make in your lifetime.

If you are planning to have children, it is worth starting as early as possible.

Waiting until later in life can lead to you living off savings for the remainder of your life.

What are the best ways to build wealth?

It's important to create an environment where everyone can succeed. You don't need to look for the money. If you're not careful you'll end up spending all your time looking for money, instead of building wealth.

Avoiding debt is another important goal. Although it can be tempting to borrow cash, it is important to pay off what you owe promptly.

You set yourself up for failure by not having enough money to cover your living costs. And when you fail, there won't be anything left over to save for retirement.

It is important to have enough money for your daily living expenses before you start saving.

What is Estate Planning?

Estate planning is the process of creating an estate plan that includes documents like wills, trusts and powers of attorney. These documents are necessary to protect your assets and ensure you can continue to manage them after you die.

Who Should Use a Wealth Manager?

Anyone who wants to build their wealth needs to understand the risks involved.

New investors might not grasp the concept of risk. Poor investment decisions could result in them losing their money.

People who are already wealthy can feel the same. Some people may feel they have enough money for a long life. But they might not realize that this isn’t always true. They could lose everything if their actions aren’t taken seriously.

Everyone must take into account their individual circumstances before making a decision about whether to hire a wealth manager.

How to Beat Inflation With Savings

Inflation is the rise in prices of goods and services due to increases in demand and decreases in supply. Since the Industrial Revolution, when people started saving money, inflation was a problem. Inflation is controlled by the government through raising interest rates and printing new currency. But, inflation can be stopped without you having to save any money.

Foreign markets, where inflation is less severe, are another option. The other option is to invest your money in precious metals. Silver and gold are both examples of "real" investments, as their prices go up despite the dollar dropping. Investors concerned about inflation can also consider precious metals.

How can I get started in Wealth Management?

It is important to choose the type of Wealth Management service that you desire before you can get started. There are many Wealth Management options, but most people fall in one of three categories.

Investment Advisory Services – These experts will help you decide how much money to invest and where to put it. They provide advice on asset allocation, portfolio creation, and other investment strategies.
Financial Planning Services - This professional will work with you to create a comprehensive financial plan that considers your goals, objectives, and personal situation. He or she may recommend certain investments based on their experience and expertise.
Estate Planning Services- An experienced lawyer will help you determine the best way for you and your loved to avoid potential problems after your death.
Ensure that a professional you hire is registered with FINRA. Find someone who is comfortable working alongside them if you don't feel like it.

Statistics

If you are working with a private firm owned by an advisor, any advisory fees (generally around 1%) would go to the advisor. (nerdwallet.com)
As of 2020, it is estimated that the wealth management industry had an AUM of upwards of $112 trillion globally. (investopedia.com)
According to a 2017 study, the average rate of return for real estate over a roughly 150-year period was around eight percent. (fortunebuilders.com)
Newer, fully-automated Roboadvisor platforms intended as wealth management tools for ordinary individuals often charge far less than 1% per year of AUM and come with low minimum account balances to get started. (investopedia.com)