Best Financial Advisors in Buffalo

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

250+
Advisors
4.6/5.0
Average Rating

Buffalo Financial Landscape

Buffalo's economy is diversifying, with growth in healthcare, education, and technology sectors. The city is revitalizing its waterfront and urban areas, attracting new businesses.

Major industries
Healthcare, Education, Manufacturing
Population
258K (metro: 1.1M)
Median household income
$54,000
Unique needs
Buffalo requires enhanced economic diversification and infrastructure improvements to support its growing population.
Market Insights
Economic Growth
According to BEA (2023), Buffalo's GDP growth is projected at 3.2%, driven by healthcare and education sectors.
Wealth Demographics
According to Census (2023), the median income in Buffalo is $54,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Buffalo are increasingly focusing on retirement planning and wealth management.
Local Considerations
Cost of Living
According to BLS (2024), Buffalo's cost of living is 10% lower than the national average, making it an attractive place to live.
Real Estate Market
According to Zillow (2024), Buffalo's real estate market is stabilizing, with median home prices around $180,000, showing modest growth.
Business Environment
According to Fortune (2024), Buffalo is fostering a supportive business climate, with incentives for startups and established firms alike.

Top 5 Financial Advisors in Buffalo

How to Choose the Right Financial Advisor

When selecting a financial advisor in Buffalo, 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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Buffalo-Specific Expertise
For Buffalo residents working in Healthcare, Education, Manufacturing, 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
Buffalo's manufacturing focus poses risks; diversify into tech and healthcare. Housing market stability is critical amid potential flooding and winter storms.

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