Andrew Altfest, CFP® Altfest Personal Wealth Management

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About Andrew Altfest, CFP®, MBA

Andrew advises clients about their personal finances and drives financial planning strategies for team members across the firm. He is also an active member of Altfest’s Investment Committee and the Portfolio Action Group, which sets investment strategy for client portfolios.

As a leader of Altfest Personal Wealth Management, Andrew has spearheaded a number of initiatives to expand the firm. These have included seeking out endorsements for the firm such as that from The New York State Dental Association (endorsed since 2010), organizing different practice groups focused on client segments, launching private equity solutions and directing the firm’s Young Professionals group aimed at millennials. He also has encouraged further formalizing investment processes and led the introduction of a new technology process mandate with digital planning, to enhance decision-making, client experience and productivity.

Andrew was named to Financial Advisor magazine’s Due Diligence/Research Manager All-Star Team in 2012 and 2013, and most recently was ranked in the top 15 percent on the inaugural 2017 Forbes List of America’s Top Next-Generation Wealth Advisors. Additionally, he leads the firm’s efforts in the tax management of investment portfolios, and advises clients on charitable contributions.

Andrew joined the firm in 2003. He received his BA with honors in English from Cornell University, and his MBA from Columbia University’s Graduate School of Business.

Andrew has spoken at local universities, industry conferences and the American Association of Individual Investors, and has appeared regularly in the press, including The Wall Street Journal, Bloomberg News and Dow Jones Newswires.

Andrew is a member of the National Association of Personal Financial Advisors (NAPFA), and as chair of the New York City chapter, he has strengthened its membership. He’s on the board of the Lower East Side Jewish Conservancy, mentors young financial advisors and New York University’s CFP students, and serves on the Junior Advisory Board of the New York Common Pantry.

In his free time, Andrew enjoys running, biking, trying new restaurants, traveling and learning about different cultures.

Awards and Recognitions: 

Top 15 Percent, 2017 Forbes List of America’s Top Next-Generation Wealth Advisors

Financial Advisor magazine’s Due Diligence/Research Manager All-Star Team, 2012, 2013

Affiliations: 

Chair, New York City Chapter of National Association of Personal Financial Advisors (NAPFA)

Board Member, Lower East Side Jewish Conservancy

Junior Advisory Board, New York Common Pantry

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Ideal Clients

  • Gen X
  • Medical Professionals
  • Parents
  • Young Professionals

Ways Advisor Charges

  • Quarterly Fee
  • Hourly
  • Assets Under Management

Fee Options

  • AUM: 1%
  • Annual Minimum: Starting at $2,500 a year, Reduced $500 starting year 2. (Paid quarterly)
  • Hourly: $250/hr for services outside agreed services

SEC Records

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