Finding a Financial Advisor in Great Neck, New York
With so many financial advisors to choose from in Great Neck, New York, it can be difficult to narrow down your options. To help you through this process, we researched the firms in Great Neck to find the top choices available. Read on for important information about each firm, including their fees, investment strategies, minimums and more. Alternately, use our free advisor matching tool. It will connect you with up to three advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Kings Point Capital Management, LLC Find an Advisor||$1,697,342,447||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Palumbo Wealth Management, LLC Find an Advisor||$218,619,572||$500,000|| || |
|3||Kutz and Company, Inc. Find an Advisor||$100,424,042||$100,000|| || |
|4||C & C Financial Services, Inc. Find an Advisor||$63,665,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in Great Neck, 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 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.
Kings Point Capital Management
With over $1 billion in assets under management, Kings Point Capital Management is the first firm on our list of the top financial advisors in Great Neck.
Kings Point provides financial services to high-net-worth individuals, pensions, profit-sharing plans, charitable organizations, businesses and an investment advisor. The firm also works with several individuals who do not have high net worths.
While this firm does not have a set minimum account size, it prefers portfolios that are at least $3 million in size. The Kings Point team includes six chartered financial analysts (CFAs) and one certified financial planner (CFP).
Kings Point Capital Management Background
Kings Point Capital Management was founded in 1998 by Jack L. Salzman, who remains part of the company today as senior managing partner. Jeffrey P. Bates, who joined the firm in 2005, is also a partner. Salzman and Bates are the principal owners of the firm.
Kings Point provides individualized investment management services to clients, typically on a discretionary basis. It also offers financial planning services and non-discretionary investment management to clients looking for help with variable life and annuity products or employer-sponsored retirement plans.
Kings Point Capital Management Investment Strategy
Kings Point Capital Management and its advisors heavily rely upon fundamental analysis to inform their investment decisions. This involves finding the intrinsic value of securities to determine if they're being undervalued by the market or not. The firm does not engage in market timing.
The firm uses both short and long positions to help drive growth for clients. While the firm has proprietary investment strategies that it tends to stick to, it will ultimately focus on the needs of the client when it comes to designing and implementing portfolios. It usually allocates clients' assets among mutual funds, exchange-traded funds (ETFs), options, fixed-income securities and more.
Palumbo Wealth Management
Next on our list is Palumbo Wealth Management, a fee-based firm that works with high-net-worth individuals. It comes as no surprise that Palumbo has the highest account minimum on this list: $500,000.
The Palumbo team includes two chartered financial analysts (CFAs) and one certified financial planner (CFP).
In addition to advisory fees that the firm collects from clients, certain advisors can earn commissions from third-party companies for selling financial products and insurance in their separate capacities as representatives of those firms. This qualifies Palumbo as a fee-based firm. Despite the conflict of interest that commission-based compensation creates, Palumbo has a fiduciary duty to always act in its clients' best interests.
Palumbo Wealth Management Background
Palumbo Wealth Management was established in 2019 and became a registered investment advisor with the SEC the following year. Philip Palumbo, the firm's CEO and chief investment officer, owns the business. A certified financial planner, Philip Palumbo has spent over 20 years in the financial services industry.
The firm offers investment management, financial planning and independent manager recommendations. Palumbo's wealth management services bundle together the firm's investment management and financial planning services.
Palumbo Wealth Management Investment Strategy
The firm works with clients to develop an investor profile based on the client's risk tolerance, goals and overall financial situation. Palumbo then designs an investment strategy that may include the firm's internal investment management and/or the use of third-party managers.
Palumbo generally employs a long-term investing strategy reliant on the use of mutual funds, exchange-traded funds (ETFs), individual equities and bonds. While the firm prefers to hold assets for longer than a year, it may buy, sell or reallocate investments that have been held for under a year for the purpose of meeting a client's goal or respond to market conditions.
Kutz and Company
Kutz and Company, a fee-only firm, is next on our list. This mid-size firm has a $100,000 account minimum, though it may waive this requirement under certain circumstances. All of its current clients are individuals, a sliver of whom are high-net-worth individuals.
As a fee-only practice, Kutz and Company doesn't receive commissions from the sale of financial products, like a fee-based firm may. Instead, its revenue comes from advisory fees that are based on a percentage of a client's assets under management and hourly fees for financial planning. The firm has two certified public accountants (CPAs) and one certified financial planner (CFP) on staff.
Kutz and Company Background
Kutz and Company was founded in 1995 by brothers Paul and Andrew Kutz, who are the principal owners of the firm to this day. Both are CPAs, while Paul Kutz also holds the CFP designation. As a result, the firm's advisory services are offered through Paul Kutz.
The firm provides comprehensive financial planning services for a set rate of $300 per hour. It also provides investment management services on a discretionary basis.
Kutz and Company Investment Strategy
Kutz and Company looks to meet the needs of its clients when constructing and evaluating portfolios. It does not stick to any particular method of analysis or strategy, instead choosing to evaluate on a purely case-by-case basis. In turn, the risk tolerance, financial goals and time horizon of each client all inform the portfolio creation process.
Kutz and Company does not evaluate individual securities, instead monitoring markets on a macro level. It utilizes certain mutual fund and exchange-traded fund screening services to help inform investment decisions. The firm strongly believes in diversification across asset classes and market sectors.
C & C Financial Services
Last on our Great Neck list is C & C Financial Services. This firm has one advisor who mainly works with individuals (both with and without high net worths), though it also maintains relationships with a handful of pensions, profit-sharing plans, charities and businesses.
There is no specific minimum balance needed to open an account. The fee-only firm does not have a website.
C & C Financial Services Background
C & C Financial Services was incorporated in 2007, but its predecessor company, Cummings & Carroll, P.C. can trace its history back to 1973. Today, Richard Birnbach and Joseph Milazzo are the firm's principal owners. Birnbach, who serves as the firm's president, is a certified public accountant (CPA) and certified financial planner (CFP). He has over 50 years of financial and accounting experience under his belt.
This firm provides discretionary and non-discretionary asset management services and traditional financial planning and consulting.
C & C Financial Services Investment Strategy
C & C Financial Services utilizes both fundamental and cyclical methods of analysis when evaluating securities as investments for client portfolios. The firm's investment strategies include (but are not limited to) long- and short-term purchases, trading, short sales, margin transactions and options trading.
The firm will work with clients to provide individualized investment management strategies. This involves doing a deep dive into each client's risk tolerance, time horizon, income needs, investment preferences and more.