Five Star award winner Patrick Devaney

PROFESSIONAL PROFILE

Contact Me

Patrick Devaney

Senior Financial Advisor

LPL Financial

1911 Commerce Street

Yorktown Heights, NY 10598

Office: 914-214-8875

patrick.devaney@lpl.com
www.patrickjdevaney.com

Professional Approach

Frances and I are co-owners of an investment advisory and financial planning practice based in Yorktown Heights, New York. We collaborate with our clients to help them pursue their personal financial goals and dreams. We focus on developing individualized, personal financial plans and guiding our clients to implement strategies to obtain their objectives. For over two decades, we have ushered our clients through various market environments and assisted them with managing their investments to navigate changing market conditions. In addition to helping our clients manage their finances, we also aim to educate them so they can understand the opportunities and challenges that the financial markets can present. We help clients maintain their perspectives in varied market and economic environments.

Our relationships with our clients are personal and many are well over 20 years old. As Frances and I have lived, worked, and been active in the community for almost 25 years, most of our relationships have morphed into more than the typical client - financial advisor relationship. Many of our clients are friends and we look forward to running into them around town. It is these deep relationships that allow us to get to know our clients, their lifestyles, values, and goals which enables us to generate financial plans that are uniquely theirs. With Frances and me there is not a “one size fits all” and we pride ourselves on the personal attention that our clients receive. It is this level of service that has prompted clients to name me a Best of Westchester financial advisor. Not only am I a current recipient of the award for 2022, but I have also won the award more than ten times over my career.

Together, Frances and I have over 45 years of experience within the financial services industry. Frances started her career at Merrill Lynch and worked there for over 15 years before we made the decision in 2009 to work together at Ameriprise Financial. I began my career with Citi Smith Barney in 1998 and Frances and I have been with LPL Financial since November 2020.

Frances and I are in close contact with our clients through regular meetings and conversations. Many of these are formal reviews, while others are simple quick calls to make sure our clients are comfortable with their portfolio given what is occurring in the markets or in their lives. As your financial advisor, I believe that prudent wealth management is a means to help clients achieve their financial and personal milestones and we are committed to delivering the best advice to help get them there.

See Accomplishments

This award was issued on 07/01/2025 by Five Star Professional (FSP) for the time period 09/18/2024 through 02/28/2025. Fee paid for use of marketing materials. Self-completed questionnaire was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria. 949 Westchester-area wealth managers were considered for the award; 80 (8 % of candidates) were named 2025 Five Star Wealth Managers. The following prior year statistics use this format: YEAR: # Considered, # Winners, % of candidates, Issued Date, Research Period. 2024: 831, 79, 10%, 7/1/24, 9/12/23 - 3/29/24; 2023: 749, 73, 9.7%, 7/1/23, 9/12/22 - 3/31/23; 2022: 737, 87, 12%, 7/1/22, 10/11/21 - 4/8/22; 2021: 709, 88, 12%, 7/1/21, 9/14/20 - 4/23/21; 2020: 661, 93, 14%, 7/1/20, 10/14/19 - 4/24/20; 2019: 654, 115, 18%, 7/1/19, 10/9/18 - 5/3/19; 2018: 680, 85, 13%, 7/1/18, 10/23/17 - 5/10/18; 2017: 492, 98, 20%, 7/1/17, 10/21/16 - 5/8/17; 2016: 641, 149, 23%, 6/1/16, 12/7/15 - 5/11/16; 2015: 1333, 288, 22%, 7/1/15, 12/7/14 - 5/11/15; 2014: 3105, 283, 9%, 7/1/14, 12/7/13 - 5/11/14; 2013: 1992, 316, 16%, 7/1/13, 12/7/12 - 5/11/13; 2012: 1598, 300, 19%, 7/1/12, 12/7/11 - 5/11/12.

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Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC.

Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. The award is based on 10 objective criteria. Eligibility criteria - required: 1. Credentialed as a registered investment adviser (RIA) or a registered investment adviser representative; 2. Actively licensed as a RIA or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by FSP, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or FSP's consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through FSP's consumer complaint process; feedback may not be representative of any one client's experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria - considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. FSP does not evaluate quality of services provided to clients. The award is not indicative of the wealth manager's future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their clients' assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by FSP or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by FSP in the future. Visit www.fivestarprofessional.com.