Kings Park, NY Financial Advisors and Resources

Financial Advisor Firms in Kings Park, NY



(646) 961-3010

1 Village Plaza
Suite 103
Kings Park, NY 11754

SEC#: 801-80526
Years in Business: 6 years

How Retirement-Friendly is Kings Park, NY?

  • Population: 16,424
  • % of Population 62 Years and Over: 25.1%
  • Average Home Value: $447,900
  • Average Monthly Housing Cost: $1,972
  • Average Household Income: $125,573
  • 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.)

Kings Park, NY Financial Advisor FAQs

Financial advisors cost anywhere from a few thousand dollars a year to over fifty thousand. The average annual cost of financial advising appears to be around six thousand dollars. This number can vary based on the level of expertise, services provided and the type of investments advised.
Asking good questions is the key to ensuring you are working with an advisor who aligns with your needs. Here are some questions to ask any advisor before you decide whether or not to work with them: 1) What's your investment philosophy? 2) Do you have a fiduciary duty? 3) What happens if there's another market crash? How will that affect my portfolio? 4) Do you use proper strategies for diversification, risk management, and rebalancing different investments in the midst of market fluctuations? 5) Are ETFs fully transparent or do they contain hidden fees that I'm not aware of at this time?
Financial advisors are on hand to help their clients with investment decisions, which can be complex. They seek out new opportunities on behalf of the client, and may counsel the client about major financial changes that may happen in their life, including retiring or entrepreneurship.
Financial advisors get paid in one of two ways - either they are fee-based, or commission based. Fee-based advisors charge a set monthly fee for their services, which allows them to think about the client's true financial needs rather than just the next sale. Commission based advisors get paid when they sell product for the client.