Schenectady, NY Financial Advisors and Resources

Financial Advisor Firms in Schenectady, NY



(518) 793-3851

1332 Union St.

Schenectady, NY 12308

SEC#: 801-79849
Years in Business: 7 years



(914) 437-8066

670 Franklin Street, 2nd Floor

Schenectady, NY 12305

SEC#: 801-118821
Years in Business: 1 years

How Retirement-Friendly is Schenectady, NY?

  • Population: 65,334
  • % of Population 62 Years and Over: 17.7%
  • Average Home Value: $109,800
  • Average Monthly Housing Cost: $929
  • Average Household Income: $59,170
  • 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.)

Schenectady, NY Financial Advisor FAQs

A financial advisor should be someone who is knowledgeable about how investments work, not just the products that his company may offer. A financial advisor should also establish trust with you and help you stay the course through difficult periods in your life.
Ideally, a client should seek out an advisor who has similar values and long-term goals, as these will be reflected in the advice that is given. For example, if you have several children then it would make sense to find an advisor who has investment strategies that include education funding for children as one of their concerns as well so they can develop those concerns based on your own personal desire for them.
Many financial advisors are paid by charging their clients a periodic fee, usually monthly. If they produce strong returns in the market with this fee in place, it is not unusual for them to receive an annual bonus in compensation for the work.
Financial advisors offer financial advice, sometimes issue specific financial products, and typically work with high-net-worth individuals or institutions.