Finding a Top Financial Advisor Firm in Chatham, New Jersey
Whether the market is soaring or falling, growing and protecting your wealth can present many different challenges. How do minimize capital gains tax? What should you invest in during a downturn? If you don’t have time to figure out all the answers, a qualified financial advisor can help. To help you find one, SmartAsset conducted extensive research to identify the top registered investment advisor (RIA) firms in Chatham. You can also use SmartAsset's financial advisor matching tool to get paired with up to three advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Hamel Associates, Inc. Find an Advisor||$508,439,302||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Chatham Wealth Management Find an Advisor||$440,646,436||$500,000|| || |
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What We Use in Our Methodology
To find the top financial advisors in Chatham, 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 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.
Hamel Associates is first on our list of the top advisors in Chatham. Though the firm doesn’t require a minimum account size for investment management services, it notes that the majority of clients have accounts with at least $1 million.
At Hamel Associates, advisors work on a fee-only basis. This means that their only compensation comes from client fees. They don’t monetarily benefit from recommending certain investment products or making unnecessary trades.
Hamel Associates Background
Pat Hamel founded Hamel Associates in 1990. His career in the financial services industry spans more than 30 years. Previous positions include roles at Bank of America and Price Waterhouse. With a background in helping business executives meet their financial goals, he has led hundreds of seminars for members of corporations like AT&T and Chevron.
Today, he leads a team that offers financial planning, investment management and accounting services. The advisory team here includes certified public accountants (CPAs) and certified financial planners (CFPs).
Hamel Associates Investment Strategy
Hamel Associates creates diversified investment portfolios based on the goals, risk profile and financial situation of the client. Because many of the firm’s advisors are experienced CPAs, they may also closely analyze the tax implications of these accounts. Hamel Associates generally builds these portfolios with stocks, bonds, mutual funds and exchange-traded funds (ETFs). But it may also consider precious metals, commodities or other alternative investments if they’re deemed suitable for the client.
Chatham Wealth Management
Chatham Wealth Management works primarily with high-net-worth individuals. Clients need a minimum account size of $500,000 to open and maintain an investment account. As a fee-only firm, Chatham Wealth Management earns compensation only from client fees. It doesn’t receive sales commissions from third parties like mutual fund companies or broker-dealers.
Chatham Wealth Management Background
Chatham Wealth Management kicked off operations in the year 2000. Daniel Moskowitz owns the firm. Previously, he worked at Bankers Trust Company in New York. Today, the team offers portfolio management and financial planning services. They also help plan sponsors of corporate retirement plans. The team at the firm includes a couple of certified financial planners (CFP).
Chatham Wealth Management Investing Strategy
Chatham Wealth Management tailors its investment strategies to the objectives of its clients. This includes their long-term financial goals, risk tolerance, time horizon, income needs, and more. The firm generally invests in the following types of investments:
- Common stock
- Preferred stock
- Real estate investment trusts (REITs)
- Master limited partnerships (MLPs)
- Corporate, municipal, agency and government debt securities
- Money market funds
- Certificates of deposit (CDs)
- Mutual funds