Best Financial Advisors in Rochester

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
210+
Advisors
4.8/5.0
Average Rating

Rochester Financial Landscape

With a population of 210,358, Rochester's economy is driven by healthcare, education, and technology. The city is evolving with a focus on innovation and sustainability.

Major industries
Healthcare, Education, Technology
Population
210K (metro: 1.1M)
Median household income
$63,000
Unique needs
Rochester requires investment in tech and healthcare sectors while addressing housing affordability and economic diversification.
Market Insights
Economic Growth
According to BEA (2023), Rochester's economy is projected to grow by 3% annually, driven by healthcare and tech advancements.
Wealth Demographics
According to Census (2023), the median income in Rochester is $63,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Rochester are increasingly focusing on retirement planning and investment strategies.
Local Considerations
Cost of Living
According to BLS (2024), Rochester'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), Rochester's real estate market shows a steady appreciation trend, with median home prices at $180,000.
Business Environment
According to Fortune (2024), Rochester's business climate is improving, with incentives for startups and established firms alike.

Top 5 Financial Advisors in Rochester

Fiduciary First Advising, Fee-Only Retirement Planner in Rochester NY
★ ★ ★ ★ ★ 5
Howe & Rusling
★ ★ ★ ★ ★ 5
NorthLanding Financial Partners, LLC
★ ★ ★ ★ ★ 5
Cobblestone Capital Advisors
★ ★ ★ ★ ★ 5
Wealth Enhancement Group
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Rochester, 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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Rochester-Specific Expertise
For Rochester residents working in Healthcare, Education, Technology, 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
Rochester's tech and healthcare reliance poses risks; housing market volatility and potential flooding require diversification strategies and prudent investments.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby New York locations

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