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 hopefully 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 a more tailored approach, as it can pair you with up to three financial advisors in your area based on your personal preferences.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Flynn Zito Capital Management, LLC Find an Advisor||$311,437,086||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|2||La Ferla Group, LLC Find an Advisor||$207,011,489||$100,000|| || |
|3||Blueprint Wealth Alliance, LLC Find an Advisor||$130,682,091||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||JRF Asset Advisors, LLC Find an Advisor||$121,394,114||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||The Bendix Financial Group, Inc. Find an Advisor||$75,421,301||$100,000|| || |
|6||Stephen J. Garry & Associates, LLC Find an Advisor||$70,000,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||Cornerstone Professional Advisor Services, LLC Find an Advisor||$45,528,081||$250,000|| || |
|8||Meadowbrook Wealth Management, LLC Find an Advisor||$35,136,600||$100,000|| || |
How We Found the Top Financial Advisor Firms in Garden City, New York
SmartAsset’s experts narrowed the pool of potential financial advisor firms for this list by removing any that aren’t registered with the U.S. Securities and Exchange Commission (SEC) in Garden City, New York. This is because all SEC-registered firms have a fiduciary duty to act in their clients’ best interests. Next, we removed any firms that have disclosures, lack financial planning services or do not manage individual accounts. The culmination of this list can be found below, with each firm ordered based on its assets under management (AUM).
Flynn Zito Capital Management, LLC
With more than 1,000 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 has the most assets under management (AUM), at more than $311 million. 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 or securities on a commission basis. Although this represents a potential conflict of interest, the firm abides by fiduciary duty, legally binding it 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): $15,000
- Personal Wealth Portfolios Program (PWP): $250,000
- Model Wealth Portfolios Program (MWP): $100,000
- Manager Access Select Program (MAS): $100,000
Flynn Zito Capital Management Background
Flynn Zito Capital Management was founded in 2010, and it’s currently owned by co-founders Douglas Flynn and Richard Zito. The firm employs four advisors, three of whom are certified financial planners (CFPs) and one of whom is a chartered financial consultant (ChFC).
Fees for wealth management services are percentage-based, ranging from 0.40% to 1.95% of your AUM, 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 $450 hourly fee.
Flynn Zito Capital Management Investment 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 comes to 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 four-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 above have a $100,000 account minimum, while the Muni Bond Advisor program has a $250,000 minimum.
La Ferla Group is fee-based, meaning certain advisors are licensed to sell insurance products, and may receive commissions for doing so. While this creates the potential for a conflict of interest, the firm is bound by 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 four advisors include three certified financial planners (CFPs) and one certified investment management analyst (CIMA).
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 annual 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 split between 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.
Blueprint Wealth Alliance, LLC
Blueprint Wealth Alliance, LLC is the third-place firm in our roundup, with roughly $130 million in assets under management (AUM). The firm’s 260 clients are mostly individuals, but it also works with high-net-worth individuals and pension plans. The firm has no minimum opening account size.
Blueprint offers a wide range of services including financial planning, financial consulting, wealth advisory, retirement plan consulting, tax advisory, tax preparation and accounting.
Blueprint is a fee-based firm, so certain members of its advisory team are licensed to sell insurance products, like life insurance or annuities. This creates the potential for a conflict of interest, although the firm has a fiduciary duty to always act in clients’ best interests.
Blueprint Wealth Alliance Background
Blueprint Wealth Alliance first opened its doors in 2016, making it one of the youngest firms on this list. It’s wholly owned by BPW Holdings, LLC, which is owned by a combination of firm CEO Jeffrey Levine, chief investment officer (CIO) German Ramirez and chief operating officer (COO) Patrick Kuster.
There are four advisors working at the firm: Levine, Ramirez, Kuster and David Warshaw. Levine is a certified public accountant (CPA) and a certified financial planner (CFP), while Ramirez is a CFP and Warshaw is a CFP, a chartered financial consultant (ChFC) and a chartered life underwriter (CLU).
The firm charges fees for investment management services based on a percentage of your AUM that ranges from 0.40% to 1.50%. Where you fall on that scale depends on the value of your assets on the last day of the previous billing period. Financial planning fees are charged as either a fixed fee capped at $25,000 or an hourly fee of not more than $500.
Blueprint Wealth Alliance Investment Philosophy
Blueprint Wealth Alliance prioritizes diversification of all kinds, including diversifying among asset classes, investment securities (individual stocks or bonds, mutual funds), fund management styles (actively managed, passively managed) and holding strategies (tactical, buy-and-hold).
When selecting individual equities, the firm typically gravitates toward large- and mid-cap companies with attractive long-term growth potential and a history of paying dividends. Depending on the risk tolerance of the client, the firm may own certain equities for just weeks or months.
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 229 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 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. Freeberg currently holds the titles of president and chief compliance officer (CCO). The firm’s owners are Freeberg, Janover LLC, a New York-based accounting firm, and The JR Group, LLC. 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 1.00%, 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.
The Bendix Financial Group, Inc.
The Bendix Financial Group, Inc. has three financial advisors on staff. A fee-based firm, it manages roughly $75 million in assets and works with just under 160 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 1.00% to 2.50%, 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.
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 210 clients and manages roughly $70 million in assets. The client base is entirely made up of individuals and high-net-worth individuals. The firm doesn’t impose any sort of 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 still has a fiduciary duty to always act in the best interests of its clients.
Stephen J. Garry & Associates Background
Stephen J. Garry & Associates was founded by Stephen J. Garry in 2018. Garry 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 1.00% and as high as 1.50%. Where you fall within this range will depend on the market value of your assets.
Financial planning fees at Shone are determined on a case-by-case basis. In most situations, they’ll take the form of either an hourly fee up to $250 or a fixed fee between $500 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.
Cornerstone Professional Advisor Services, LLC
Cornerstone Professional Advisor Services, LLC is the next firm on our list, as it boasts $45.5 million in assets under management (AUM). The firm’s 413 clients are currently exclusively individuals, one of two firms on this list with such a client base. One client is 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 (CFPs).
Advisory fees at Cornerstone are usually charged as a percentage of your AUM. The exact rate you’ll pay will be between 0.35% and 1.50%, 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 the popularly-held investment philosophy asserting that it’s possible 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.
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 152 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 around 40% 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 0.50% to 2.50%, 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.