What are some popular wealth management services?

Wealth management services in Lake Success, NY offer a wide range of financial planning solutions to high net worth individuals and families. A wealth manager in this affluent Long Island suburb can provide personalized investment strategies tailored to meet the unique needs and goals of each client. They can help clients navigate the complexities of estate planning, tax optimization, and risk management. With its proximity to New York City, Lake Success presents a unique set of challenges and opportunities for wealth management. A skilled wealth manager can leverage their knowledge of the local market and access to top-tier investment opportunities to help clients maximize their returns and build a lasting legacy for future generations. Whether it's managing a diversified portfolio or developing a comprehensive financial plan, a wealth manager in Lake Success can provide the expertise and guidance needed to achieve long-term financial success.

What are people saying about wealth management services in Lake Success, NY?

Lake Success, NY is undoubtedly the best place to get a wealth manager. The village is home to a plethora of financial institutions, making it a hub of financial expertise. The area's proximity to New York City, one of the world's financial centers, means that it attracts top-notch wealth managers who are well-versed in the intricacies of the financial world. The wealth managers in Lake Success, NY, have an excellent understanding of the local economy and the unique financial needs of the residents. Furthermore, the village's affluent population means that wealth managers have extensive experience dealing with high net worth individuals, making them experts in managing complex financial portfolios. In summary, Lake Success, NY, is the ideal location to find a wealth manager who can provide tailored financial solutions to meet your unique needs.

What does a wealth manager do?

A wealth manager in Lake Success, NY is responsible for managing the financial assets of high net worth individuals and families residing in the affluent village of Lake Success. This entails developing and implementing personalized investment strategies that align with clients' long-term financial goals and risk tolerance. Furthermore, a wealth manager in Lake Success must stay abreast of the ever-changing financial landscape, including tax laws, market trends, and economic indicators, to provide clients with informed guidance and recommendations. With its proximity to major financial centers like New York City, Lake Success presents unique opportunities and challenges for wealth managers, requiring a deep understanding of the local market and its nuances. In this role, a wealth manager must possess strong analytical and interpersonal skills to navigate complex financial situations and build lasting relationships with clients.

When should you get a wealth manager?

Lake Success, NY residents should consider reaching out to a wealth manager when they find themselves struggling to manage their finances effectively. With a population of just over 3,000 people, the small community of Lake Success is known for its affluent residents and high standard of living. However, managing wealth can be a complex and daunting task, especially for those who are not well-versed in financial planning. A wealth manager can provide valuable guidance on investment strategies, tax planning, and estate planning, among other things. They can also help Lake Success residents navigate the unique financial challenges that come with living in a high-cost area, such as managing property taxes and finding ways to save on expenses. Ultimately, a wealth manager can help Lake Success residents achieve their financial goals and secure their financial future.

How do I choose the right wealth manager?

A skilled wealth manager in Lake Success, NY must possess a multitude of important qualities. Firstly, they must have a deep understanding of the local financial landscape, including the unique challenges and opportunities that arise in such a prosperous area. Additionally, they must be able to effectively communicate complex financial concepts to their clients, utilizing both verbal and written communication skills. A wealth manager must also possess strong analytical skills, allowing them to analyze market trends and make informed investment decisions on behalf of their clients. They must be able to provide personalized financial advice, taking into account each client's unique financial goals and risk tolerance. Finally, a successful wealth manager in Lake Success, NY must be able to adapt to changing market conditions and regulatory environments, staying up-to-date on the latest financial innovations and strategies. Overall, a wealth manager in Lake Success, NY must possess a diverse skill set and a deep understanding of the local financial landscape in order to provide their clients with the best possible financial advice and investment opportunities.

What are the best wealth management firms in Lake Success, NY?

Lake Success, NY is home to some of the top wealth management firms in the world. These firms are known for their expertise in managing the wealth of high-net-worth individuals and families. They offer a range of services, including investment management, financial planning, estate planning, and tax planning. What sets these firms apart is their deep understanding of the unique needs and challenges facing clients in Lake Success, NY. With its proximity to New York City and its vibrant business community, Lake Success, NY is a hub of wealth and opportunity. The top wealth management firms in the area have built their reputations on their ability to navigate this complex landscape and deliver customized solutions that meet the needs of their clients. Whether you are looking to grow your wealth, protect your assets, or plan for the future, these firms have the expertise and experience to help you achieve your goals.

How do wealth managers get paid?

Wealth managers in Lake Success, NY get compensated in various ways, and the most common method is through a percentage of the assets they manage. This means that the more assets they oversee, the more they earn. Another way they get paid is through commissions, where they receive a percentage of the profits they generate for clients. Additionally, some wealth managers charge a flat fee or hourly rate for their services. What sets Lake Success, NY apart from other areas is its high concentration of wealthy individuals and families. Therefore, wealth managers in this area have the opportunity to earn significant compensation due to the large amount of assets they manage. However, with this opportunity comes the added complexity of managing the unique needs and expectations of affluent clients.

Find the Best Wealth Management Services in Lake Success, NY

Connect With a Wealth Manager

List of Firms

Lake Success, NY Wealth Management Firms

Stone Hill Fiduciary Management, LLC

SEC File# 801-76970

CRD# 164981

1010 Northern Blvd, Great Neck, NY 11021, USA

(516) 439-5581

http://www.stonehillfiduciary.com/

Directions

Milillo Capital Management Inc

166 Executive Dr, New Hyde Park, NY 11040, USA

(516) 532-8963

Directions

Broadridge MC

3 out of 5

5 Dakota Dr #300, New Hyde Park, NY 11042, USA

(516) 472-5400

http://www.broadridge.com/

Directions

CAPTRUST

SEC File# 801-62193

CRD# 175112

3 Dakota Dr #310, Lake Success, NY 11042, USA

(516) 487-8220

https://www.captrust.com/locations/lake-success-ny/?utm_source=gmb&utm_medium=organic

Directions

Merrill Lynch Wealth Management Advisor Christine M Savarese-Barral

805 Northern Blvd, Great Neck, NY 11021, USA

(516) 498-3370

https://fa.ml.com/new-york/great-neck/christine_savarese

Directions

Merrill Lynch Wealth Management Advisor Judith Ringel

805 Northern Blvd, Great Neck, NY 11021, USA

(516) 498-3414

https://fa.ml.com/new-york/great-neck/ringel-group

Directions

Where Wealth Management Advisors in Lake Success, NY Serve

Lake Success, NY is a bustling suburban town located in Nassau County with a plethora of landmarks and top employers. The town is surrounded by major highways and streets, making it easily accessible to neighboring towns and cities. The neighborhoods are diverse and offer a unique blend of suburban and urban living. Some of the most notable landmarks in Lake Success include the Great Neck Park District, which offers a wide range of recreational activities for residents, and the Lake Success Shopping Center, which is home to a variety of shops and restaurants. Additionally, the town is home to the North Shore University Hospital, one of the top employers in the area. Major highways and streets in Lake Success include the Long Island Expressway, the Northern State Parkway, and Lakeville Road. These roads provide easy access to neighboring towns and cities, including New York City. The neighborhoods in Lake Success are diverse and offer a range of housing options, from single-family homes to apartments.

Nearby Locations

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

Services Provided by Wealth Management Companies

Banks and Credit Unions

Lake Success, NY is a small, affluent village in Nassau County, with a population of just over 3,000 people. Despite its small size, there are several ways that residents of Lake Success could benefit from a bank. For example, a local bank could provide financing options for small businesses in the area, which would help to stimulate economic growth and create jobs. Additionally, a bank could offer investment services to residents who are looking to grow their wealth and secure their financial future. With its proximity to New York City, Lake Success is also home to many commuters who could benefit from a bank's online banking and mobile app services, which would allow them to manage their finances on the go. Finally, a bank could provide educational resources to help residents better understand their finances and make informed decisions about their money. Overall, a bank could play an important role in supporting the financial needs of the residents of Lake Success, NY.

Insurance Broker

Residents of Lake Success, NY can benefit greatly from the services of an insurance broker. With the town's proximity to New York City and its bustling economy, residents may face unique risks and challenges that require specialized insurance coverage. For example, an insurance broker can help residents navigate the complex world of commercial liability insurance if they own a business in Lake Success. Additionally, with the town's high property values, homeowners may require additional coverage to protect their assets in the event of a natural disaster or other unforeseen circumstances. An insurance broker can help residents assess their individual needs and find the right policies to protect themselves and their families. Furthermore, with the town's diverse population, an insurance broker can provide language support to non-native English speakers and ensure that all residents have access to the insurance coverage they need.

Retirement Planning

Residents of Lake Success, NY would greatly benefit from the expertise of a retirement planner. With its high cost of living and affluent population, Lake Success presents unique financial challenges for its residents. A retirement planner can help residents navigate these challenges by providing personalized advice on investment strategies, tax planning, and estate planning. For example, a retirement planner might recommend a tax-efficient investment portfolio that takes advantage of New York's tax laws. They might also help residents create a comprehensive estate plan that ensures their assets are distributed according to their wishes. With the guidance of a retirement planner, residents of Lake Success can feel confident that they are making informed decisions about their financial future.

Financial Advisor

Residents of Lake Success, NY can benefit greatly from the guidance of a financial advisor. With a median household income of over $200,000, many residents have complex financial situations that require professional expertise. A financial advisor can assist with retirement planning, investment management, and tax strategies, all of which are essential for maintaining financial stability and achieving long-term goals. Additionally, residents of Lake Success may have unique financial considerations such as managing stock options from their employment in nearby tech companies. A financial advisor can help navigate these complexities and offer tailored solutions to meet individual needs. With the high cost of living in the area, it is important to have a solid financial plan in place and a trusted advisor to guide residents through the ever-changing financial landscape.

Mortgage Loan Officer

Residents of Lake Success, NY can benefit from the services of a mortgage loan officer in a number of ways. For instance, the loan officer can help them navigate the complex process of securing a mortgage loan, which can be especially daunting in a competitive market like Lake Success. Additionally, the loan officer can provide guidance on the various types of mortgage loans available, such as fixed-rate, adjustable-rate, and government-backed loans, and help residents choose the best option to suit their unique financial needs. Furthermore, the loan officer can assist residents with the application process, including gathering necessary documentation and submitting the application to lenders. Overall, the expertise and support of a mortgage loan officer can be invaluable to residents of Lake Success, NY who are looking to purchase a home in this affluent community.

Tax Services

Residents of Lake Success, NY could benefit greatly from the expertise of a tax advisor. With the high cost of living in the area, it is important for individuals and businesses to maximize their tax savings. A tax advisor can help residents navigate the complex tax laws and regulations specific to New York State and Nassau County. For example, Lake Success is located within the Great Neck School District, which has one of the highest property tax rates in the state. A tax advisor can assist homeowners in finding deductions and credits to reduce their property tax burden. Additionally, many residents of Lake Success work in New York City and may have additional tax considerations such as city taxes and commuter expenses. A tax advisor can provide guidance on these issues and help residents minimize their tax liability.

Estate Planning Lawyer

Residents of Lake Success, NY can benefit greatly from the services of an estate planning lawyer. One of the most common ways an estate planning lawyer can help is by creating a comprehensive estate plan that ensures assets are distributed according to the client's wishes in the event of their death. In Lake Success, where the median home value is over $1 million and many residents have significant wealth, it is especially important to have a well-crafted estate plan to protect assets and minimize tax liabilities. Additionally, an estate planning lawyer can assist with setting up trusts, establishing powers of attorney, and creating healthcare directives. These documents can provide peace of mind to Lake Success residents and their families, knowing that their wishes will be carried out and their assets will be protected.

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