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Top Financial Advisors in Chester, 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 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 Personal CFO Solutions, LLC logo Find an Advisor

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$1,200,444,334 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Educational seminars/workshops

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Educational seminars/workshops
2 Covenant Asset Management, LLC Covenant Asset Management, LLC logo Find an Advisor

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$490,970,551 No set account minimum
  • Financial planning
  • Portfolio management
  • Educational seminars/workshops

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Educational seminars/workshops

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:

  • 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 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.

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.

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