Best Financial Advisors in New Rochelle

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
70+
Advisors
4.9/5.0
Average Rating

New Rochelle Financial Landscape

With a population of 79,446, New Rochelle boasts a robust economy driven by healthcare, education, and retail sectors. The city's proximity to New York City enhances its appeal for businesses and residents alike.

Major industries
Healthcare, Education, Retail
Population
794K (metro: 1.2M)
Median household income
$78,000
Unique needs
New Rochelle requires strategies to address housing affordability and economic diversification to mitigate risks.
Market Insights
Economic Growth
According to BEA (2023), New Rochelle's economy has shown steady growth, particularly in healthcare and education sectors, contributing to local job creation.
Wealth Demographics
According to Census (2023), the median income in New Rochelle is approximately $78,000, reflecting a diverse economic base and a relatively affluent population.
Advisor Specializations
Based on BLS (2023), financial advisors in New Rochelle are increasingly focusing on retirement planning and wealth management, catering to an aging population.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in New Rochelle is higher than the national average, driven by housing and transportation costs.
Real Estate Market
According to Zillow (2024), New Rochelle's real estate market is competitive, with home prices rising due to demand and limited inventory, raising affordability concerns.
Business Environment
According to Fortune (2024), New Rochelle's business climate is favorable, supported by local government initiatives aimed at attracting new businesses and fostering innovation.

Top 5 Financial Advisors in New Rochelle

Flynn Financial Partners, Ltd.
★ ★ ★ ★ ★ 5
Larchmont Wealth Management
★ ★ ★ ★ ★ 5
Susan O'Rourke - Financial Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
LPL Financial, Peter Sclavo CERTIFIED FINANCIAL PLANNER , CHARTERED LIFE UNDERWRITER , ENROLLED AGENT.
★ ★ ★ ★ ★ 5
Laura I. Rotter, CFA, CFP™, MBA, Financial Advisor - White Plains, NY
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in New Rochelle, 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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New Rochelle-Specific Expertise
For New Rochelle residents working in Healthcare, Education, Retail, 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
New Rochelle's reliance on retail and education sectors poses economic risks. Housing market volatility and flooding risks necessitate diversification and strategic planning.

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