Finding a Top Financial Advisor Firm in Chester, New Jersey
To help you find the most suitable advisor in Chester, New Jersey, we researched the firms headquartered in the city and created a list of the top firms. We looked at each practice’s advisory services, investment strategies, assets under management (AUM) and more. SmartAsset’s free financial advisor matching tool can also connect you with advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Personal CFO Solutions, LLC Find an Advisor||$1,200,444,334||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Covenant Asset Management, LLC Find an Advisor||$490,970,551||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in Chester, 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.
Personal CFO Solutions
At Personal CFO Solutions, our top pick on this list, high-net-worth individuals makes up the majority of the client base. The fee-based firm also serves individuals, estates, trusts, retirement plans, corporations and other businesses.
Personal CFO doesn’t impose a minimum account size requirement. For advisory services, the firm charges asset-based fees or fixed fees. Certain firm representatives act as insurance product agents and broker-dealers and earn transaction-based fees, on top of client fees. This can pose a conflict of interest. That said, Personal CFO has a fiduciary duty to work in each client’s best interest.
Personal CFO Solutions Background
Founded in 2011, Personal CFO Solutions is owned by managing partners John Vieira, Patrick Nolan and Bryan Landadio. The independent firm’s services consist of investment management, financial planning, retirement planning, wrap fee programs, advisor referrals and educational seminars and workshops.
Personal CFO Solutions Investment Strategy
On its website, Personal CFO Solutions says it strives to build diversified, customized portfolios that help its clients maximize growth and achieve their long-term financial goals. The firm believes that proper portfolio management can only be effective with the right risk management.
Personal CFO generally invests in a variety of securities, including equity securities, investment company securities, United States government securities and exchange-traded funds (ETFs).
Covenant Asset Management
Covenant Asset Management is a fee-based firm with a small advisory team. The firm has a client base that includes individuals, high-net-worth individuals, pension plans, charitable organizations, corporate accounts, trusts, estates, 401(k) plans, individual retirement accounts (IRAs) and rollovers.
The firm doesn’t specify a minimum account size requirement, and it charges asset-based fees for its advisory services. Some advisors also earn commissions for selling insurance. This is a potential conflict of interest, but advisors must put the client's interests before their own.
Covenant Asset Management Background
John Guarino founded Covenant Asset Management in 1999. Guarino serves as the firm’s president and chief investment officer. Advisory services include portfolio management, financial planning and educational seminars/workshops.
Covenant Asset Management Investing Strategy
Covenant Asset Management utilizes a variety of techniques in making investment decisions. To manage risk, the firm says it uses diversification and security hedging techniques. The firm also strives to enhance wealth by practicing tax-efficient, growth-oriented investment management.
The firm’s Form ADV shows that it invested most of its assets in exchange-traded equity securities. The rest of its investments were in securities issued by registered investment companies and cash and cash equivalents.