Ballston Spa, NY Financial Advisors and Resources

Financial Advisor Firms in Ballston Spa, NY



(518) 885-3230

20 Church Ave.

Ballston Spa, NY 12020

SEC#: 801-68026
Years in Business: 14 years

How Retirement-Friendly is Ballston Spa, NY?

  • Population: 5,399
  • % of Population 62 Years and Over: 24.9%
  • Average Home Value: $240,000
  • Average Monthly Housing Cost: $1,102
  • Average Household Income: $80,309
  • New York Total Tax Burden: 12.79% (Highest in U.S.)
  • New York Property Tax: 4.40% (6th Highest in U.S.)
  • New York Individual Income Tax: 4.96% (Highest in U.S.)
  • New York Sales and Excise Tax: 3.43% (22nd Highest in U.S.)

Ballston Spa, NY Financial Advisor FAQs

There are many considerations when selecting a financial advisor, including understanding what kind of services the company provides. You should also consider the size of the firm. The larger the number of advisors or employees at a firm signifies a higher level of specialization and thoroughness within the firm's departments.
A financial advisor assesses an individual's entire financial portfolio and recommends appropriate strategies to optimize returns and mitigate risks.
It may be worthwhile learning what types of services they offer or do not provide so that you can choose someone who matches your needs best.
Financial advisors with more expensive services tend to have higher minimum account sizes and charge lower percentages in order to generate more fees from fewer customers. Conversely, financial advisors with less expensive services generally have smaller minimum account sizes and require their clients to pay higher percentages in order to maintain profitability.