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Top Financial Advisors in Chatham, 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 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 in your area.

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Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Hamel Associates, Inc. Hamel Associates, Inc. logo Find an Advisor

Read Review

$462,528,177 No set account minimum
  • Financial planning
  • Portfolio management
  • Selection of other advisors

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors
2 Chatham Wealth Management Chatham Wealth Management logo Find an Advisor

Read Review

$385,200,000 $500,000
  • Financial planning
  • Portfolio management

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management

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:

  • 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.

Hamel Associates

Hamel Associates is first on our list of the top advisors in Chatham. The advisory team here includes certified public accountants (CPAs) and certified financial planners (CFPs). Though 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. 

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. The team at this Chatham-based firm includes a couple of certified financial planners (CFP). 

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. 

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)
  • Commodities
  • Options
  • Corporate, municipal, agency and government debt securities
  • Money market funds
  • Certificates of deposit (CDs)
  • Mutual funds
  • ETFs

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