Best Financial Advisors in Hackensack

Find top-rated local financial advisors who can help you achieve your financial goals with personalized strategies and expert guidance.

Find an Advisor Estimated Advisor Fees
60+
Advisors
4.5/5.0
Average Rating

Hackensack Financial Landscape

Hackensack's economy is driven by healthcare, retail, and professional services. The city serves as a regional hub, benefiting from its proximity to New York City.

Major industries
Healthcare, Retail, Professional Services
Population
44.1K (metro: 1.5M)
Median household income
$75,000
Unique needs
Hackensack requires a focus on healthcare innovation and retail growth to support its diverse population.
Market Insights
Economic Growth
According to BEA (2023), Hackensack's economy has shown steady growth, driven by healthcare and retail sectors, with a projected growth rate of 3% annually.
Wealth Demographics
According to Census (2023), the median income in Hackensack is approximately $75,000, reflecting a diverse economic base and a growing middle class.
Advisor Specializations
Based on BLS (2023), financial advisors in Hackensack are increasingly focusing on retirement planning and wealth management for a diverse clientele.
Local Considerations
Cost of Living
According to BLS (2024), Hackensack's cost of living is slightly above the national average, driven by housing and healthcare expenses.
Real Estate Market
According to Zillow (2024), Hackensack's real estate market is competitive, with home prices rising due to demand and limited inventory.
Business Environment
According to Fortune (2024), Hackensack's business climate is favorable, with supportive local policies and a growing entrepreneurial ecosystem.

Top 5 Financial Advisors in Hackensack

Wealth Master Group, Inc.
★ ★ ★ ★ ★ 5
Janney Montgomery Scott LLC
★ ★ ★ ★ ★ 5
WealthBridge Financial group
★ ★ ★ ★ ★ 5
David Ratzker - TIAA Executive Wealth Management Advisor
★ ★ ★ ★ ★ 5
Highland Financial Advisors, LLC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Hackensack, consider these essential factors

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Fiduciary Standard
Prioritize advisors who commit to acting as fiduciaries 100% of the time, legally obligating them to put your interests first.
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Hackensack-Specific Expertise
For Hackensack residents working in Healthcare, Retail, Professional Services, consider advisors with specific experience in your industry's unique compensation and benefit structures.
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Fee Structure Transparency
Understand how your advisor is compensated—whether through fees, commissions, or a combination—and how this might influence their recommendations.
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Credentials
Seek advisors with recognized credentials such as CFP®, CFA, or ChFC designations, indicating advanced training and ethical standards.
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Communication Style
Choose an advisor whose communication approach matches your preferences regarding frequency, detail, and method of interaction.
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Risk Management Focus
Hackensack's healthcare focus necessitates diversification into tech and finance. Real estate faces bubble risks; flooding and storms are concerns. Economic diversification is essential.

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