Top Financial Advisors in Jericho, NY

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Opal Wealth Advisors is the first advisory firm on our list of top practices in Jericho. The Opal Wealth team includes three advisors who have earned the certified financial planner (CFP) certification, one who is a chartered financial analyst (CFA) and one with the accredited asset management (AAMS) designation.

The firm’s clients are a mix of non-high-net-worth individuals, high-net-worth individuals, retirement plans, charitable organizations and corporations. High-net-worth individuals make up the largest portion of the client base by a slim margin.

While the firm doesn’t have a minimum account size, it does impose a minimum quarterly fee of $1,250. This fee may cause the firm’s services to be cost-prohibitive for individuals with smaller portfolios.

Opal Wealth is a fee-based firm, as certain advisors may earn commissions from overseeing transactions or selling insurance products. This creates the potential for a conflict of interest, but the firm is bound by its fiduciary duty to act in its clients’ best interests.

Opal Wealth Advisors Background

Opal Wealth Advisors is the youngest firm on this list, having first opened its doors in 2018. It’s principally owned by three individuals: Lee Korn, Joseph N. Filosa and Jesse Giordano. The trio has more than 50 years of combined experience in the financial advisor industry.

Service offerings at Opal Wealth Advisors can be split into three main categories: financial planning, wealth management and consulting for retirement plans. Financial planning at the firm can encompass a wide variety of topics, including but not limited to:

• Business planning
• Cash flow forecasting
• Trust and estate planning
• Financial reporting
• Investment consulting
• Insurance planning
• Retirement planning
• Risk management
• Charitable giving
• Distribution planning
• Tax planning
• Manager due diligence

Opal Wealth Advisors Investment Strategy

In general, Opal Wealth Advisors opts for a long-term investment philosophy. Additionally, the firm may use strategic or tactical asset allocation in its management of client portfolios. Strategic asset allocation is the practice of using a client’s investment goals and risk tolerance to inform the combination of asset classes that make up the client’s portfolio. The firm regularly rebalances portfolios to ensure their originally intended asset allocations remain intact.

When constructing clients' portfolios, the firm primarily invests in a mix of mutual funds and exchange-traded funds (ETFs). As part of its wealth management services, Opal may decide to allocate a portion of a client’s assets to the management of an independent money manager.

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American Investment Planners, the No. 2 firm in Jericho, has a team that includes four certified financial planners (CFPs), one chartered financial consultant (ChFC) and a certified financial fiduciary (CFF). The firm generally works individuals, most of whom do not have high net worths. American doesn’t impose a minimum account size.

Some advisors at this fee-based firm may sell insurance products on a commission basis. This may create a potential conflict of interest, but the firm is a fiduciary, which means it must put its clients’ interests first.

American Investment Planners Background

American Investment Planners was founded in 2010 by Lee Rosenberg, who remains the firm’s principal owner. Rosenberg is also the firm's president and chief compliance officer. He has over 30 years of experience in the investment and financial advisory world.

Financial planning is the primary service offering at American Investment Planners, though it also provides clients with investment advisory services via a proprietary platform called The Investment Management System (TIMS). This offering is made available by Cadaret, Grant and Co., Inc., a broker-dealer.

American Investment Planners Investment Strategy

American Investment Planners most frequently recommends mutual funds to clients, but it may also utilize individual securities, bonds, certificates of deposit and unit investment trusts. However, the latter four asset classes are typically only called upon if the client’s risk tolerance, time horizon, income needs, investment goals and overall financial situation suggest that such investments would be valuable.

The firm prioritizes diversification in all client portfolios, believing that this is the best method to minimize risk without eliminating the potential for long-term investment returns. This involves investing not only in different asset classes, but also across various industries and markets on a domestic and international basis.

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Amore Ambro comes in third on our list of top-rated firms in Jericho. This is a fee-only firm that works mostly with individuals, the majority of whom are not high-net-worth. The firm also has institutional clients that are corporations, pension, and profit-sharing plans. 

The minimum account size at Amore Ambro is $50,000 for an individual and $100,000 for a household. Fees for asset management are charged based on a percentage of assets under management. The firm does not collect third-party commissions for selling products or services. 

Amore Ambro Background

Amore Ambro was founded in 2017 and is owned and operated by Louis C. Ambrosio, who is the chief compliance officer and sole advisor at the firm.

Services offered include investment management, financial planning, retirement planning, personal savings, education savings and charitable giving.

Amore Ambro Investment Strategy

Like other firms, Amore Ambro works closely with clients to identify their goals, objectives, risk tolerance and any other elements of their financial situation that could impact their investment strategy. The firm typically allocates client assets using one of two strategies: equity and fixed-income.

The equity strategy primarily uses individual stocks and low-cost exchange-traded funds (ETFs). The fixed-income strategy, on the other hand, relies on corporate bonds and other fixed-income securities, as well as equities. The firm generally assumes a long-term investment approach, but it may sell positions that have been held for less than a year to meet a client's objectives or in response to market conditions.

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Though fourth on the list, ARS Capital Advisors has the second-largest client base: more than 380 individual clients, most of whom do not have high net worths. In order to become a client of this firm, you'll likely need at least $100,000 in investable assets. However, the firm may, at its own discretion, accept new clients with less than this requirement.

ARS is fee-based advisory firm, as certain members of its staff can earn commissions for selling specific securities or insurance products. This has the potential to be a conflict of interest, as advisors are incentivized to recommend such transactions. Like all firms on this list, though, ARS is bound by its fiduciary duty, legally obligating it to act in the best interests of its clients.

ARS has two certified financial planners (CFPs) on staff.

ARS Capital Advisors Background

ARS Capital Advisors was formed in 2010 by Anthony R. Spatafore (the firm takes its name from his initials). Before founding this firm, Spatafore provided investment advice via ARS Financial Services, Inc., which he founded in 1982. 

Investment management and financial planning are the key service offerings at ARS. The latter can include retirement planning, estate planning and tax planning.

ARS Capital Advisors Investment Strategy

ARS Capital Advisors primarily employs fundamental analysis when analyzing potential investments. This practice involves examining a company or fund’s financial documents, as well the overall economy, in order to gauge the company or fund’s intrinsic value. The firm looks for securities that it believes the market is undervaluing.

When constructing investment portfolios for its clients, ARS Capital Advisors may invest in a mix of the following securities:

• Domestic and foreign equities
• Warrants
• Corporate debt securities
• Certificates of deposit (CDs)
• Municipal and government securities
• Mutual funds
• Exchange traded funds
• Variable life insurance
• Variable annuities
• Options