What are some popular services for financial advising?

A financial advisor in Elmira, NY can provide a range of services to help clients manage their finances and achieve their financial goals. These services may include investment planning, retirement planning, estate planning, tax planning, and more. With its rich history as a center of manufacturing and transportation in upstate New York, Elmira presents unique financial challenges and opportunities for individuals and businesses alike. A skilled financial advisor can help clients navigate these challenges and take advantage of opportunities to build wealth and secure their financial futures. Whether you're a young professional just starting out or a retiree looking to maximize your income and assets, a financial advisor in Elmira can provide the guidance and expertise you need to succeed.

What are people saying about financial advising services in Elmira, NY?

Elmira, NY is the perfect place to seek financial advising due to its exceptional financial experts and resources. With a population of just over 28,000 people, Elmira is a small but vibrant city that has a lot to offer in terms of financial planning. One of the city's most notable features is its proximity to some of the country's top financial institutions, including Merrill Lynch, Wells Fargo Advisors, and Morgan Stanley. These firms have a strong presence in Elmira, which means that residents have access to some of the best financial advisors in the industry. Moreover, Elmira is home to a thriving business community, which means that there are many opportunities for people to invest in local businesses and startups. The city's economic growth has been steady in recent years, making it an excellent place to seek financial advice and plan for the future. Overall, Elmira, NY is an ideal location for anyone looking to improve their financial situation and secure their financial future.

What does a financial planner do?

A financial planner in Elmira, NY is a professional who provides comprehensive guidance and advice on financial matters to individuals and businesses. They help clients create a financial plan that aligns with their goals and objectives, taking into account their income, expenses, assets, and liabilities. The financial planner also assists in managing investments, retirement planning, tax planning, estate planning, and risk management. Elmira, NY is a city with a rich history and a vibrant community. It is known for its beautiful parks, museums, and historic landmarks. The financial planner in Elmira, NY is well-versed in the local economy, including the industries that drive the city's growth, such as healthcare, education, and manufacturing. They understand the challenges and opportunities that come with living in a small city and can provide customized financial solutions that meet the unique needs of their clients. In short, a financial planner in Elmira, NY is a trusted advisor who helps clients navigate the complex world of finance and achieve their financial goals.

When should you get a financial planner?

Elmira, NY residents should consider reaching out to a financial advisor when they are faced with complex financial decisions that require expert guidance. Given the city's unique economic landscape, which is characterized by a mix of manufacturing, healthcare, and education sectors, residents may face challenges in managing their finances effectively. For instance, those who work in the healthcare sector may need to navigate complex retirement plans, while those in the education sector may need help with student loan repayment. Furthermore, Elmira's proximity to the Pennsylvania border means that residents may need to navigate tax laws in two different states. A financial advisor can help residents navigate these challenges, create a personalized financial plan, and make informed decisions that align with their long-term goals.

How do I choose the right financial advisor?

A financial advisor in Elmira, NY must possess a unique set of qualities to succeed in this competitive market. Firstly, they must have in-depth knowledge of the local economy and financial landscape, as Elmira is a city that has undergone significant economic changes in recent years. They must be able to navigate the complexities of the local market and provide tailored financial advice to their clients. Additionally, a financial advisor in Elmira must have excellent communication skills to effectively communicate complex financial concepts to their clients. They must be able to explain investment strategies, risk management, and financial planning in a way that is easy to understand. Furthermore, a successful financial advisor in Elmira must be able to build strong relationships with their clients and earn their trust. This is particularly important in a small city like Elmira, where word-of-mouth recommendations are crucial to building a successful practice. Overall, a financial advisor in Elmira must possess a unique combination of local knowledge, communication skills, and relationship-building abilities to thrive in this dynamic market.

What makes Elmira, NY the top choice for financial advising?

Elmira, NY is home to several top financial advising firms that cater to the needs of the local community. These firms offer a wide range of services, including retirement planning, investment management, and estate planning. One specific aspect of Elmira that sets it apart is its rich history as a transportation hub. From the Erie Canal to the railroad, Elmira has always been a critical link in the transportation network of the Northeast. This unique history has given rise to a number of financial advising firms that specialize in transportation-related investments, such as railroads and shipping companies. These firms have a deep understanding of the industry and can provide invaluable guidance to clients looking to invest in this sector. Overall, Elmira's financial advising firms offer a diverse range of expertise and are well-equipped to help clients achieve their financial goals.

How do financial advisors get paid?

Financial advisors in Elmira, NY are compensated in a variety of ways. One common method is through a commission-based structure, where advisors earn a percentage of the assets they manage or the products they sell. Another common approach is through fee-based compensation, where advisors charge a set fee for their services. In Elmira, NY, financial advisors may also receive compensation through a combination of both commission and fees. Additionally, some advisors may receive bonuses or incentives based on the performance of their clients' portfolios. It's worth noting that financial advisors in Elmira, NY must adhere to strict regulations set forth by the Securities and Exchange Commission and the Financial Industry Regulatory Authority, ensuring that clients receive ethical and transparent advice.

Find the Top Financial Advisors Serving Elmira, NY

Connect With a Financial Planner

List of Firms

Elmira, NY Fiduciary Financial Advisors

General Revenue Corporation

1 out of 5

325 Daniel Zenker Dr, Horseheads, NY 14845, USA

(800) 727-9562

https://www.generalrevenue.com/

Directions

Reilly William

160 N Main St, Elmira, NY 14901, USA

(607) 734-3955

Directions

Nick Lapuma - Raymond James

1 Credit Union Plaza, Corning, NY 14830, USA

(607) 937-5292

https://www.raymondjames.com/CCU

Directions

Allstate Personal Financial Representative: Carl Vallely

2483 Corning Rd, Elmira, NY 14903, USA

(607) 796-9113

https://agents.allstate.com/carl-vallely-elmira-ny.html?utm_source=GMB&utm_medium=Website

Directions

Global Treasury Services, LLC

316 Drive C, Elmira, NY 14905, USA

(240) 674-4435

http://globaltreasuryservices.com/

Directions

Where Certified Financial Advisors in Elmira, NY Serve

Elmira, NY is a picturesque city nestled in the heart of the Southern Tier region of New York State. With its rich history and vibrant culture, Elmira boasts an array of landmarks that are sure to captivate visitors and locals alike. From the stunning Mark Twain Study to the majestic Chemung River, there is no shortage of awe-inspiring sights to see. As for top employers, Elmira is home to a diverse range of businesses that span a variety of industries. Some of the biggest employers in the area include Arnot Ogden Medical Center, Elmira City School District, and Corning Incorporated. When it comes to getting around, Elmira is well-connected by a network of major highways and streets. The Southern Tier Expressway (I-86) runs through the city, providing easy access to other parts of the region and beyond. Other major roads in the area include Route 14, Route 13, and Route 352.

Nearby Locations

Airmont, NY Albany County, NY Albany, NY Armonk, NY Auburn, NY Babylon, NY Ballston Spa, NY Bay Shore, NY

Services Provided by Fee Based and Fee Only Financial Advisors

Banks and Credit Unions

Residents of Elmira, NY may benefit from the expertise of a financial advisor in a number of ways. One of the most common ways a financial advisor can help Elmira residents is by providing guidance on how to best manage their retirement savings. With a significant portion of the population nearing retirement age, it's important for residents to have a solid plan in place for their golden years. Additionally, Elmira has a relatively high poverty rate compared to the rest of the state, so a financial advisor can also assist those who may be struggling financially by providing advice on budgeting and debt management. Overall, a financial advisor can offer valuable insight and support to Elmira residents as they navigate their financial futures.

Insurance Broker

Residents of Elmira, NY can benefit greatly from the services of an insurance broker. With a broker's help, residents can find the best insurance policies to fit their individual needs. In Elmira, NY, where the winters can be harsh, an insurance broker can help residents find the right coverage for their homes and vehicles to protect them from damage caused by snow and ice. Additionally, with the high number of small businesses in Elmira, NY, an insurance broker can assist business owners in finding the right policies to protect their assets and employees. Overall, an insurance broker can provide valuable guidance and support to residents of Elmira, NY in navigating the complex world of insurance.

Retirement Planning

Residents of Elmira, NY can benefit greatly from the assistance of a retirement planner. Retirement planners can help individuals in Elmira, NY navigate the often complex world of retirement planning and ensure that they are financially prepared for their golden years. Specifically, retirement planners can help residents of Elmira, NY take advantage of the retirement savings options available to them, such as 401(k)s and IRAs, and develop a personalized retirement plan that takes into account their unique financial situation and goals. Additionally, retirement planners can help residents of Elmira, NY navigate the local tax laws and regulations that may impact their retirement savings and income. With the help of a retirement planner, residents of Elmira, NY can feel confident that they are on the right track towards a secure and comfortable retirement.

Wealth Management

Residents of Elmira, NY would greatly benefit from the services of a wealth manager in a number of ways. One of the most common ways a wealth manager could help Elmira residents is by providing guidance on retirement planning. With a significant portion of the population in Elmira nearing retirement age, it is important for residents to have a solid plan in place to ensure they can maintain their standard of living once they stop working. A wealth manager can help residents navigate the complexities of retirement planning, including determining the appropriate investment vehicles and managing risk. Additionally, a wealth manager can help Elmira residents develop a comprehensive financial plan that takes into account their unique goals and circumstances, such as paying for their children's education or caring for aging parents. By working with a wealth manager, Elmira residents can feel confident that they are making informed decisions about their financial future.

Mortgage Loan Officer

Residents of Elmira, NY can benefit greatly from the expertise of a mortgage loan officer. These professionals can help guide residents through the often confusing and overwhelming process of purchasing a home. They can provide information on the different types of mortgages available and help residents determine which one is best suited for their specific needs. Additionally, mortgage loan officers can assist residents in securing the best possible interest rates and terms for their mortgage, which can save them thousands of dollars over the life of the loan. With the unique challenges that Elmira, NY faces, such as a declining population and high poverty rate, having a knowledgeable mortgage loan officer can make all the difference in helping residents achieve their dreams of homeownership.

Tax Services

Residents of Elmira, NY can benefit greatly from the assistance of a tax advisor. With the city's population of over 28,000, there are many individuals and families who could use guidance on how to maximize their tax savings. A tax advisor can help Elmira residents navigate the complex tax laws and regulations, ensuring that they are taking advantage of all available deductions and credits. Additionally, with the city's high poverty rate, a tax advisor can help low-income residents access tax credits and other financial assistance programs that they may not be aware of. Whether it's helping a small business owner file their taxes or assisting a family in applying for the Earned Income Tax Credit, a tax advisor can provide valuable support to the residents of Elmira, NY.

Estate Planning Lawyer

Residents of Elmira, NY can benefit greatly from the guidance of an estate planning lawyer. One of the most common ways they can be helped is by creating a comprehensive estate plan that ensures their assets are distributed according to their wishes after they pass away. This is especially important in Elmira, NY, where many families have deep roots and significant assets tied up in local businesses or real estate. An estate planning lawyer can also help residents minimize their tax liabilities and protect their assets from creditors or legal disputes. Additionally, they can provide guidance on healthcare directives and powers of attorney, which are crucial documents for anyone facing a medical emergency or incapacity. Overall, an estate planning lawyer can provide peace of mind and security to residents of Elmira, NY, ensuring that their legacy is preserved and their loved ones are taken care of.