Finding a Top Financial Advisor Firm in Chappaqua, New York
Achieving financial wellness and preserving your legacy can be difficult tasks. But you don’t have to do it alone. The team at SmartAsset conducted hours of research to find the top registered investment advisor (RIA) firms in Chappaqua that can help you. SmartAsset's free financial advisor matching tool can also help, as it will pair you with as many as three advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Samalin Wealth Find an Advisor||$325,487,619||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Financial Asset Management Corp. Find an Advisor||$336,591,659||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Golden Bay Advisors, LLC Find an Advisor||$148,704,056||No set account minimum|| || |
Minimum AssetsNo set account minimum
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What We Use in Our Methodology
To find the top financial advisors in Chappaqua, 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:
- AUMFirms with more total assets under management are ranked higher.
- Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher.
- Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher.
- Age of FirmFirms that have been in business longer 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.
Samalin Wealth, the top-rated financial advisory firm in Chappaqua, works solely with individuals and high-net-worth individuals. The firm offers wealth management services and financial guidance on structuring divorce settlements. Its team includes certified financial planners (CFPs), enrolled agents (EAs), certified public accountants (CPAs) and certified divorce financial analysts (CDFAs).
While the firm doesn’t impose a minimum account-size requirement, it does prefer to manage accounts with at least $500,000. This is a fee-only firm, despite the fact that some of its advisors may be insurance agents. However, the firm states in its Form ADV that these advisors do not sell commission-based insurance products to clients of Samalin.
Samalin Wealth Background
Samalin Wealth first opened its doors to the Chappaqua community in 2007. Andrew Samalin, the firm's pricipal owner, has worked in the financial services industry for more than 24 years and holds the CFP, EA and CDFA designations.
Today, the advisory team offers the following services:
- Financial planning
- Divorce-related financial planning
- Discretionary and non-discretionary portfolio management services
Samalin Wealth Investment Strategy
Samalin Wealth designs asset allocation models while taking into account personal factors like the client’s risk tolerance, goals and overall financial situation. Its investment advisors design diversified portfolios that may include:
Financial Asset Management Corp.
Financial Asset Management (FAM) is the next firm on our Chappaqua list, and it's actually also the oldest. A relatively small practice, FAM works almost exclusively with individuals — the majority of whom are high-net-worth individuals. It also serves some institutional clients in the form of pensions and profit-sharing plans. The firm does not impose an account minimum.
FAM is a fee-only firm that does not receive commissions from third-parties. Instead, it derives its income from advisory fees charged directly to clients.
Financial Asset Management Corp. Background
FAM was founded in 1986 by Scott M. Kahan, who remains the firm's principal owner. Kahan, who holds the certified financial planner (CFP) designation, is also the firm's president and senior financial planner. The other advisors at the firm hold CFPs too.
FAM provides financial planning and investment management services to its client base. Financial planning services may touch on topics that include cash flow, tax planning, retirement planning, education planning, estate planning, investment analysis and insurance review.
Financial Asset Management Investment Strategy
Financial Asset Management uses a long-term investment strategy to help clients reach their individual financial and investment goals. Advisors place strong emphasis on asset allocation and diversification as a method of reducing risk. The firm works with clients to determine their risk tolerance before selecting an investment model to pursue.
The firm typically invests client assets in equity securities, warrants, company securities, debt, commercial paper, certificates of deposit (CDs), options and more.
Golden Bay Advisors
Golden Bay Advisors is a fee-only, one-man firm run by Matthew Z. Krusko, a certified financial planner (CFP) and chartered financial analyst (CFA). The firm generally likes a minimum investment of $250,000 for access to separately managed accounts (SMA), though there is no set account minimum.
The firm's only compensation comes from the advisory fees he collects from clients. Global Bay Advisors doesn’t sell its own investment products or receive commissions from third-party financial services firms for recommending their products or services.
Golden Bay Advisors works primarily with non-high-net-worth individuals, although it has plenty of individual clients who have high net worths. It also works with a handful of pension plans.
Golden Bay Advisors Background
Krusko founded Golden Bay Advisors in 2013. After spending years as a financial advisor, he believed many financial advisory firms operated like sales organizations that focused on cross-selling financial products regardless of their suitability for clients. So he launched his own firm with the mission to provide unbiased advice.
The firm focuses on asset management, financial planning and corporate retirement plan management.
Golden Bay Advisors Investment Strategy
Golden Bay Advisors believes that too many investors try to beat the market but few succeed. So the firm focuses on capturing returns while mitigating risk through diversification. By investing in different asset classes that aren’t correlated, Golden Bay Advisors seeks to reap returns from certain asset classes when others are going through downturns.
The firm primarily designs portfolios with exchange-traded funds (ETFs), open-end mutual funds, individual stocks and bonds. The weighting of any asset class would depend on the risk tolerance, time horizon and goals of the client.