Finding a Top Financial Advisor Firm in Basking Ridge, New Jersey
Choosing a financial advisor just got a lot easier. To help you focus your search, we collected a number of factors you should consider - fundamentals such as assets under management (AUM), fee basis and investment strategy. Then we put all the info together, here, for convenient comparing and contrasting. Start your search with this list of the top financial advisor firms that serve Basking Ridge, New Jersey. Then use SmartAsset’s free financial advisor matching tool to connect with advisors near you.
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| Rank | Financial Advisor | Assets Managed | Minimum Assets | Financial Services | More Information |
|---|---|---|---|---|---|
| 1 |
Delta Financial Group, Inc.
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$1,076,241,677 | $500,000 |
|
Minimum Assets$500,000Financial Services
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| 2 |
Gouldin & McCarthy, LLC
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$363,589,824 | No set account minimum |
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Minimum AssetsNo set account minimumFinancial Services
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| 3 |
BPP Wealth Solutions, LLC
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$166,632,947 | No set account minimum |
|
Minimum AssetsNo set account minimumFinancial Services
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What We Use in Our Methodology
To find the top financial advisors in Basking Ridge, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:
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AUMFirms with more total assets under management are ranked higher. -
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Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher. -
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Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher. -
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Age of FirmFirms that have been in business longer are ranked higher.
All information is obtained through public records and is updated annually after the firms’ form ADV filing. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
Delta Financial Group
Delta Financial Group is the largest firm in terms of assets under management (AUM) on this list and also comes in as our top firm.
A little more than half of Delta Financial’s individual clients have a high net worth. That said, the practice seems to be flexible about minimum investments. It requires $500,000 but will switch to a minimum annual fee of $3,750 for balances below $250,000.
This firm is fee-based, meaning its advisors may receive commissions from third parties to sell insurance products. While this arrangement represents a potential conflict of interest, the firm's fiduciary duty legally requires it to act in clients' best interests at all times.
Delta Financial Group Background
Delta Financial Group has been registered with the Securities and Exchange Commission (SEC) as an investment advisor since 1991. It is currently owned and operated by Sean Donovan and Joseph Macellara, who are co-equal partners.The firm’s managing partners are all certified financial planners (CFPs).
The boutique advisory’s main business is providing discretionary investment advisory services on an ongoing basis for an asset-based fee. This includes financial planning in addition to investment management. Delta Financial also offers its services on a non-discretionary basis and in consultation at an hourly rate.
Delta Financial Group Investment Strategy
Delta Financial Group describes its core approach as “growth at a reasonable price” and its goal as achieving “superior returns with low to moderate risk.” It does this with a strategic asset allocation that primarily uses no-load mutual funds or mutual funds that have no sales charges, closed-end funds and exchange-traded funds (ETFs).
Gouldin & McCarthy
Gouldin & McCarthy is a fee-based firm. At the full-service practice, advisors also wear the hats of insurance agents and brokers - and receive commissions as well as fees. Several advisors have earned the designations of accredited investment fiduciaries (AIFs) and chartered retirement planning counselors (CRPCs).
There is no minimum account requirement, and most clients are not high net worth. Based in Basking Ridge but with another New Jersey office in Manasquan, the firm also serves high-net-worth individuals, pension and profit-sharing plans, charities and businesses.
Gouldin & McCarthy Background
Originally founded in 1999 as Gouldin Financial Group by Michael Gouldin, the firm reorganized as a partnership - and lengthened its name - when Daniel McCarthy joined in 2004. The two are the practice’s only owners.
Gouldin & McCarthy offers discretionary investment management services that include financial planning. It also provides financial planning on a stand-alone or ongoing consulting basis. Additionally, the firm provides retirement plan consulting and third-party money manager referrals.
Gouldin & McCarthy Investing Strategy
Gouldin & McCarthy’s primary method of securities review is fundamental analysis. Using broad-based asset allocation and diversification, it typically constructs portfolios with mutual funds and exchange-traded funds (ETFs). Under certain circumstances, the firm may also use alternative investments if its research deems it appropriate.
BPP Wealth Solutions
BPP Wealth Solutions rounds out our list of the top financial advisor firms in Basking Ridge. This small firm has a similarly small advisory team and works with a client base that consists entirely of individuals. Of these individual clients, about two-thirds are high-net-worth individuals. The firm does not have a minimum account size requirement.
BPP Wealth Solutions is a fee-based firm. This means that advisors may receive commissions from selling financial products to clients. This is a potential conflict of interest, but it's offset by the fact that the firm is a fiduciary that is legally obligated to act in the best interest of clients.
BPP Wealth Solutions Background
BPP Wealth Solutions was founded in 2013. It became an SEC-registered investment advisor in the same year. Debra L. Schatzki is the firm's principal owner.
BPP provides clients with a range of services, including both investment portfolio management and financial planning services. They also provide family office services.
BPP Wealth Solutions Investment Strategy
As is the case with most investment advisory firms, BPP Wealth Solutions tailors its investment strategies to the individual needs of its clients. By meeting with clients to determine their investment goals, financial situations and other important information, advisors are able to provide individualized services. Advisors at BPP may invest client assets in a variety of securities, including mutual funds, exchange-traded funds (ETFs), debt, equities and options.
