Holbrook, NY Financial Advisors and Resources

Financial Advisor Firms in Holbrook, NY



(631) 439-X156

4250 Veteran'S Memorial Highway
4Th. Floor, Suite 420E
Holbrook, NY 11741

SEC#: 801-61065
Years in Business: 19 years

How Retirement-Friendly is Holbrook, NY?

  • Population: 25,824
  • % of Population 62 Years and Over: 19.2%
  • Average Home Value: $378,300
  • Average Monthly Housing Cost: $2,108
  • Average Household Income: $122,065
  • 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.)

Holbrook, NY Financial Advisor FAQs

Your best option is to put in some time making sure that your advisor matches your own needs and style, which means getting educated on the matter at hand. Find out what services are offered by their company or organization, what companies they cooperate with or have worked for in the past - this will give you a sense of the advisor's experience level.
One of the things that's important to consider is whether or not you aim to maximize assets and minimize liabilities (or vice versa). A financial advisor can help with many aspects of the wealth creation process such as getting retirement projections, teach individual investors how to invest their money and calculating taxes which may depend on your situation.
For any given financial or retirement advisor, rates of compensation will depend on factors such as the organization he or she works for and their own individual qualifications. Financial advisors generally get paid through commissions based on specific products sold. The majority of advisors also charge a percentage of the total balance they manage for their clients, known as an asset management fee - this would typically be charged annually rather than at each transaction.
The three main things that matter are the advisor's credentials, whether they are registered and licensed, and their knowledge of the industry. It is important to know that when choosing a financial advisor you should not compartmentalize aspects such as fees, investment portfolio knowledge and advisory style.