Best Financial Advisors in Yonkers

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
190+
Advisors
4.7/5.0
Average Rating

Yonkers Financial Landscape

With a population of 199,766, Yonkers is a key economic hub in the New York metropolitan area. The city benefits from diverse industries, including healthcare, retail, and education.

Major industries
Healthcare, Retail, Education
Population
199.8K (metro: 7.8M)
Median household income
$70,000
Unique needs
Yonkers requires tailored financial services to address its diverse population and economic landscape.
Market Insights
Economic Growth
According to BEA (2023), Yonkers has shown steady economic growth, driven by healthcare and retail sectors.
Wealth Demographics
According to Census (2023), the median income in Yonkers is approximately $70,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Yonkers increasingly specialize in retirement planning and real estate investment.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Yonkers is higher than the national average, driven by housing and transportation costs.
Real Estate Market
According to Zillow (2024), the real estate market in Yonkers is competitive, with rising home prices and a limited inventory.
Business Environment
According to Fortune (2024), Yonkers offers a supportive business environment with incentives for small businesses and startups.

Top 5 Financial Advisors in Yonkers

Andys Arias Vasquez: Primerica - Financial Services
★ ★ ★ ★ ★ 5
Flynn Financial Partners, Ltd.
★ ★ ★ ★ ★ 5
CPC Wealth Management
★ ★ ★ ★ ★ 5
Lara Medicaid Advisors
★ ★ ★ ★ ★ 5
Prudential Financial - Andrew Massello
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Yonkers, 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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Yonkers-Specific Expertise
For Yonkers residents working in Healthcare, Retail, Education, 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
Yonkers' reliance on healthcare and retail poses economic risks; housing market volatility and flooding are concerns. Diversify investments to mitigate risks.

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