Best Financial Advisors in West New York

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
50+
Advisors
4.8/5.0
Average Rating

West New York Financial Landscape

The economy of West New York is primarily driven by retail, healthcare, and service industries. Its proximity to New York City enhances its economic potential.

Major industries
Retail, Healthcare, Services
Population
52.1K (metro: 7.8M)
Median household income
$60,000
Unique needs
West New York requires tailored financial planning due to its diverse population and urban challenges.
Market Insights
Economic Growth
According to BEA (2023), West New York's economy is growing steadily, with a focus on service sector expansion.
Wealth Demographics
According to Census (2023), the median income in West New York is approximately $60,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in West New York are increasingly specializing in urban investment strategies.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in West New York is higher than the national average, driven by housing and transportation costs.
Real Estate Market
According to Zillow (2024), the real estate market in West New York shows signs of appreciation, with potential bubble risks due to demand.
Business Environment
According to Fortune (2024), West New York's business climate is favorable for small businesses, though competition is intense.

Top 5 Financial Advisors in West New York

Highland Financial Advisors, LLC
★ ★ ★ ★ ★ 5
Summit Financial Consulting
★ ★ ★ ★ ★ 5
Green Ridge Wealth Planning
★ ★ ★ ★ ★ 5
Carson Wealth, LLC
★ ★ ★ ★ ★ 5
Wharton Wealth Planning
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in West New York, 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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West New York-Specific Expertise
For West New York residents working in Retail, Healthcare, 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
West New York's retail-heavy economy faces risks from e-commerce. Housing market volatility and flooding from storms are concerns; diversify investments to mitigate risks.

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Find Financial Advisors in Nearby Cities

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