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Top Financial Advisors in Basking Ridge, NJ

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

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. Delta Financial Group, Inc. logo Find an Advisor

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$1,076,241,677 $500,000
  • Financial planning
  • Portfolio management

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
2 Gouldin & McCarthy, LLC Gouldin & McCarthy, LLC logo Find an Advisor

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$363,589,824 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisers (including private fund managers)

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting services
  • Selection of other advisers (including private fund managers)
3 BPP Wealth Solutions, LLC BPP Wealth Solutions, LLC logo Find an Advisor

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$166,632,947 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Advisor selection

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Advisor selection

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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:

  • AUM
    Firms with more total assets under management are ranked higher.
  • Individual Client Count
    Firms who serve more individual clients (as opposed to institutional clients) are ranked higher.
  • Clients Per Advisor
    Firms with a lower ratio of clients per financial advisor are ranked higher.
  • Age of Firm
    Firms that have been in business longer are ranked higher.
  • Fee Structure
    Firms with a fee-only (as opposed to fee-based) compensation structure are ranked higher.

All information is accurate as of the writing of this article. 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.

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.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research