Finding a Top Financial Advisor Firm in Garden City, New York
Finding a financial advisor that fits your specific needs isn’t easy. SmartAsset’s breakdown of the top financial advisor firms in Garden City, New York, will help to simplify your search. Below you will find a breakdown of each firm, with information detailing their account minimums, fee schedules, typical clientele and more. SmartAsset’s financial advisor matching tool offers another approach, as it can connect you with up to three financial advisors in your area.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Flynn Zito Capital Management, LLC Find an Advisor||$464,855,359||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|2||La Ferla Group, LLC Find an Advisor||$296,515,907||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|3||Cornerstone Professional Advisor Services, LLC Find an Advisor||$75,203,178||$250,000|| || |
|4||JRF Asset Advisors, LLC Find an Advisor||$181,133,434||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Brixton Capital Wealth Advisors, LLC Find an Advisor||$162,173,813||$100,000|| || |
|6||The Bendix Financial Group, Inc. Find an Advisor||$118,814,104||$100,000|| || |
|7||Meadowbrook Wealth Management, LLC Find an Advisor||$59,767,000||Varies depending on account type|| || |
Minimum AssetsVaries depending on account type
|8||Stephen J. Garry & Associates, LLC Find an Advisor||$93,000,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
How We Found the Top Financial Advisor Firms in Garden City, New York
To find the top financial advisors in Garden City, New York, we first identified all firms registered with the SEC in the state. 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:
Flynn Zito Capital Management, LLC
With more than 550 clients, Flynn Zito Capital Management, LLC has far and away the largest client base of any firm on this list. So it should come as no surprise that it also has the most assets under management (AUM). Individuals, high-net-worth individuals, pension plans, charitable organizations, corporations and company retirement plans all work with the firm.
As a fee-based operation, some advisory employees at this firm can sell insurance products like annuities or securities on a commission basis. Although this may present a potential conflict of interest, the firm abides by its fiduciary duty to act in your best interest.
Flynn Zito Capital Management provides a range of services, including comprehensive portfolio management, financial planning and consulting for individuals and retirement plans. Additionally, the firm provides access to several advisory programs sponsored by LPL Financial, a nationwide network of independent financial advisors. These programs have differing minimum account values:
- Manager Access Network (MAN): $100,000
- Optimum Market Portfolios Program (OMP): $10,000
- Personal Wealth Portfolios Program (PWP): $250,000
- Model Wealth Portfolios Program (MWP): $10,000
- Manager Access Select Program (MAS): $50,000
Flynn Zito Capital Management Background
Founded in 2010, Flynn Zito Capital Management is owned by co-founders Douglas Flynn and Richard Zito. The firm employs five advisors, of whom three are certified financial planners (CFP), two are chartered financial consultants (ChFC), one is a chartered mutual fund counselor (CMFC) and one is a financial paraplanner qualified professional (FPQP).
Fees for wealth management services are percentage-based, ranging from 0.5% to 1.95%, depending on the value of your assets. Financial planning services come at a fixed-rate that falls between $2,500 and $10,000 or with a maximum $750 hourly fee.
Flynn Zito Capital Management Investing Philosophy
Flynn Zito Capital Management primarily uses individual stocks, bonds, exchange-traded funds (ETFs), options, mutual funds and other alternative investments as necessary. Any strategy the firm uses will be based on the individual client’s income needs, investing goals and risk tolerance, among other factors.
The firm may also choose to use a third-party investment advisory firm as a sub-advisor, allocating a portion or all of a client’s portfolio under the secondary firm’s management.
La Ferla Group, LLC
La Ferla Group LLC has been providing investment advice in Garden City since 2015. The five-advisor firm works with individuals, high-net-worth individuals, pension plans, charitable organizations and businesses.
The firm specializes in financial planning, consulting for individuals and retirement plans and investment management. The firm has four primary investment management strategies: Global Balanced Advisor, Portfolio Advisor Program, Multi Asset Advisor and Muni Bond Advisor. Each of the first three programs has a $100,000 account minimum, while the Muni Bond Advisor program has a $250,000 minimum.
La Ferla Group is fee-based, meaning that some advisors are insurance agents and brokers who receive transaction-based compensation. This creates the potential for a conflict of interest, though the firm is bound by its fiduciary duty to always act in the best interests of its clients.
La Ferla Group Background
La Ferla Group was founded in 2015. Three managing principals own the firm: Joseph A. La Ferla, Jr., John G. Macri and Thomas D. Cordovano. The firm’s five advisors include three certified financial planners (CFP) and one chartered financial analyst (CFA).
Fees for investment management services are based on a percentage of client assets that can range from 0.20% to 1.50%, depending on the value of your assets and the program you invest in. These fees are typically negotiable. For financial planning and consulting fees, the firm typically charges a $3,000 rate for stand-alone services along with a $1,000 charge for annual reviews.
La Ferla Group Investment Philosophy
Each of the four primary investment strategies that La Ferla Group offers has a different risk level and asset allocation. The Global Balanced Advisor program focuses on global diversification, as the name suggests. Both the Portfolio Advisor Program and the Multi Asset Advisor program are more standard allocations, the distinction between them being that the latter is a non-discretionary program. Finally, Muni Bond Advisor is a program in which your assets are exclusively invested in municipal bonds.
How your portfolio is allocated among individual stocks, fixed-income securities, mutual funds, exchange-traded funds (ETFs) and other alternative investments will depend partially on the program you choose. The rest depends on your investing goals, time horizon and tolerance for risk.
Cornerstone Professional Advisor Services, LLC
Cornerstone Professional Advisor Services, LLC has 18 advisors working with 530 clients made up mostly of individuals, one of two firms on this list with such a client base. Twelve clients are above the high-net-worth threshold, and the rest are below.
Cornerstone focuses on financial planning, investment management services and outside manager selection. Financial planning involves parts of retirement planning, tax planning, education funding, estate planning, insurance planning and death and disability planning, among other topics. The firm typically requires new clients to have at least $250,000 in investable assets.
Cornerstone is a fee-based firm, meaning its advisors may earn commissions on top of standard advisory fees, either through certain securities transactions or the sale of insurance products. While this may create a potential conflict of interest, the firm has a fiduciary duty to always act in your best interest.
Cornerstone Professional Advisor Services Background
Cornerstone Professional Advisor Services first opened up shop in 2001. It is equally owned by principals David Kelly, Alfonso Figliolia and Steven Madonna. The firm has 18 advisors in its employ, 10 of whom are certified public accountants (CPAs) and two of whom are certified financial planners (CFP).
Advisory fees at Cornerstone are usually charged as a percentage of your assets under management (AUM). The exact rate you’ll pay will be between 0.35% and 1.5%, depending on the size of your account. This fee will typically cover investment management services and any financial planning that you explicitly request.
Cornerstone Professional Advisor Services Investment Philosophy
Cornerstone Professional Advisor Services generally approaches constructing client portfolios through the prism of Modern Portfolio Theory (MPT). This is a popularly held investment philosophy that aims to optimize investment return for a given risk level by diversifying among many asset classes.
The firm generally invests client assets in a mix of mutual funds, exchange-traded funds (ETFs) and fixed-income instruments. Clients with a lower risk tolerance will receive a more conservative allocation that seeks to minimize volatility, while clients with more growth-oriented goals will receive a more aggressive portfolio. All portfolios are broadly diversified, and the firm regularly revisits portfolios to ensure the decided asset allocation is still appropriate and the securities in the portfolio are providing optimal value.
JRF Asset Advisors, LLC
Next up on our list is JRF Asset Advisors, LLC, a firm that employs just one advisor. It works with a mix of 244 clients, including individuals, high-net-worth individuals and pension plans. There is no account minimum to work with the firm. JRF specializes in comprehensive financial planning and portfolio management.
Jay Freeberg, the firm’s sole advisor, is licensed to sell insurance products like annuities or life insurance. Additionally, he is a registered representative of a broker-dealer, meaning he can conduct securities transactions. These sales and transactions can generate commissions, which creates the potential for a conflict of interest. However, this fee-based firm is bound by its fiduciary duty to always act in its clients’ best interests.
JRF Asset Advisors Background
JRF Asset Advisors was established in 1999 by Jay R. Freeberg. He serves as president and chief compliance officer (CCO). While Freeberg has a small stake, the firm is principally owned by Janover LLC, a New York-based accounting firm. Freeberg is both a certified financial planner (CFP) and a certified public accountant (CPA).
The fees for portfolio management services take the form of an asset-based percentage. The exact percentage can range from 0.25% to 1%, depending on the value of your assets. Financial planning and other consulting work is typically performed for a $300 hourly fee.
JRF Asset Advisors Investment Philosophy
JRF Asset Advisors constructs client portfolios using mutual funds and exchange-traded funds (ETFs), as well as individual equities and fixed-income instruments to a lesser extent. When purchasing securities, the firm intends to hold on to them for several years, opting for a long-term perspective whenever possible. Of course, market conditions, client preferences and periodic rebalancing may cause the firm to use a short-term investing strategy on occasion.
Brixton Capital Wealth Advisors, LLC
Brixton Capital Wealth Advisors, LLC is a family shop with five advisors, three of whom are named Perrone. Almost 65% of clients have high net worths, while the majority of clients are not as affluent. The firm also offers its services to trusts and corporate entities.
The minimum investment balance to open an account is $100,000, though the firm may waive the requirement at its discretion. In addition to portfolio management, the firm offers financial planning, financial consulting and selection of ther advisors.
Brixton Capital Wealth Advisors Background
Stephen Perrone, Sr. is the firm's chairman and CEO. Prior to Brixton, he founded Northeast Securities, Inc., which he sold after 27 years in 2017. He's joined by his sons Steve, president, and John, vice president - the three own the firm. A fourth advisor, Bill Kemp, vice president of investments and senior portfolio manager, has been working in financial services for more than 30 years.
Perrone, Sr. is also a broker, while three members of the team are insurance agents. In these non-advisor roles, they receive transaction-based compensation. This has the potential of presenting conflicts of interests, but as an SEC-registered firm, Brixton Capital must always put clients' interests first.
Brixton Capital Wealth Advisors Investing Strategy
Like many firms, Brixton Capital applies Modern Portfolio Theory as its investing strategy. This largely means that your assets will be diversified across noncorrelated sectors, depending on your risk tolerance and time horizon. The advisory may use a model portfolio developed by an unaffiliated money manager or it may recommend third-party advisors.
When evaluating securities, the firm uses charting and fundamental methods of analysis. Brixton Capital offers advice on stocks, corporate debt securities (other than commercial paper), certificates of deposit, municipal securities, mutual fund shares, U.S. government securities, options contracts on securities, money market funds, real estate investment trusts (REITs), structured notes, exchange-traded funds (ETFs), variable annuities, interests in partnerships investing in real estate and interests in partnerships investing in oil and gas interests.
The Bendix Financial Group, Inc.
The Bendix Financial Group, Inc. is a fee-based firm with has three financial advisors on staff and just under 180 clients. These clients include individuals, high-net-worth individuals and pension plans. The firm has a minimum asset requirement of $100,000. If you split those assets among multiple accounts with the firm, each account must house at least $50,000.
Bendix primarily offers investment advisory and retirement consulting services. In addition to its conventional investment management, the firm also sponsors four different wrap fee programs. These consist of a bundle of investment management, brokerage and custodial services for which you’ll pay a single fee. Bendix also provides limited financial planning and consulting services if clients request it.
Bendix advisors are also registered representatives of a broker-dealer in addition to their roles as investment advisors. This means they may earn commissions for overseeing certain securities transactions. Further, some advisors are licensed to sell insurance products, which can also generate commissions. While these commissions may create a potential conflict of interest, the firm is bound by its fiduciary duty to act in its clients interests at all times.
Bendix Financial Group Background
Bendix Financial Group first opened its doors in 1999. The firm is principally owned by its founder and president, David Bendix. Bendix is a certified financial planner (CFP) and a certified public accountant (CPA). One of the firm’s two other advisors is also a CFP.
Portfolio management at Bendix comes with a percentage-based fee, ranging from 1% to 2.5%, depending on the market value of your assets. Financial planning and other consulting fees range from $500 to $5,000 on a fixed fee basis and $250 to $500 on an hourly basis.
Bendix Financial Group Investment Philosophy
Bendix Financial Group’s typical investment vehicles and asset allocation depend on the investment program you choose as well as your goals and risk tolerance. Two of the firm’s wrap fee programs invest in either mutual funds or exchange-traded funds (ETFs), while the other two may also invest in individual stocks, bonds and other products.
From time to time, the firm will allocate client assets to independent money managers. Additionally, one of the firm’s wrap fee programs, the Managed Assets Program, involves working with several different investment managers, each with different asset class specializations.
Meadowbrook Wealth Management, LLC
Meadowbrook Wealth Management, LLC, which has been in business since 1999, is one of the oldest firms on this list. The firm’s 70 clients are mostly individuals, with two pension plans and two corporations rounding it out. Most individual clients are below the high-net-worth threshold, but 22 of them are above it.
The firm offers financial planning, along with discretionary investment management and non-discretionary investment advice. Meadowbrook is a fee-only firm, meaning it only earns compensation from the advisory fees it charges.
Meadowbrook Wealth Management Background
Meadowbrook Wealth Management was established in 1999 under the name GMG Asset Management, Inc. Its current owners are Thomas Efthimiou and Richard Jack, who are also the firm’s two advisors. Information regarding the advisory certifications Efthimiou and Jack hold is unavailable.
Meadowbrook charges management fees as a percentage of your assets under management (AUM). These range from 0.5% to 2.5%, depending on both the value of your assets and the type of portfolio you invest in. In some circumstances, the firm may decide to charge a $350 hourly consultation fee rather than a percentage-based fee.
Meadowbrook Wealth Management Investment Philosophy
Meadowbrook Wealth Management has four primary portfolios for its clients: aggressive growth, growth, balanced and fixed-income. These portfolios gradually decrease in risk level and aggression from aggressive growth down to fixed-income.
At the outset of the relationship with each client, the firm will establish their goals and risk tolerance. From there, the firm will determine which portfolio aligns most closely and if any tailoring or further customization is necessary.
Stephen J. Garry & Associates, LLC
Stephen J. Garry & Associates, LLC has been doing business in Garden City since 2018, making it the youngest firm on this list. The firm services 200 clients made up of individuals and high-net-worth individuals. The firm doesn’t impose any set account minimum.
The firm offers both financial planning and investment management services to its clients. Financial planning services are tailored to each client’s situation, but can include retirement planning, personal savings, education savings, insurance needs and any other areas specific to the client’s situation.
Stephen J. Garry & Associates is a fee-based firm, meaning its single advisor is licensed to sell insurance products and securities. This advisor may earn commissions in these roles, which creates the potential for a conflict of interest. However, the firm has a fiduciary duty to always act in the best interests of its clients.
Stephen J. Garry & Associates Background
Stephen J. Garry founded his namesake firm in 2018. He is the firm’s sole owner, chief compliance officer (CCO), president and only advisor. He is also a certified financial planner (CFP).
The firm formulates investment management fees as a percentage of assets under management (AUM), with the specific percentage ranging as low as 1% and as high as 1.5%. Where you fall within this range will depend on the market value of your assets.
Financial planning fees are determined on a case-by-case basis. In most situations, they’ll take the form of either an hourly fee up to $200 or a fixed fee between $200 and $2,500.
Stephen J. Garry & Associates Investment Philosophy
Stephen J. Garry & Associates typically invests in low-cost mutual funds and exchange-traded funds (ETFs) with a long-term perspective. The firm doesn’t usually engage in short-term purchasing or trading unless the client’s unique circumstances call for it or for the purposes of rebalancing.