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Joel Isaacson & Co. Review

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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.

Joel Isaacson & Co. is a New York City-based financial advisor firm with several billion dollars in assets under management (AUM). The fee-only firm offers a selection of financial planning, wealth management, investment advisory and portfolio management services for its clients.

Joel Isaacson & Co. is a well-known firm that has a variety of accolades to boast. In fact, it was named a Top 12 Financial Advisor in New York City for 2020-2021 by AdvisoryHQ, along with being ranked as a Top Registered Investment Advisor in the U.S. by the Financial Times.

Joel Isaacson & Co. Background

Joel Isaacson & Co. was founded in 1993 by Joel Isaacson, though he was also joined by other advisors and tax professionals. Later, the firm became a partner of Focus Financial Partners, LLC, a large wealth management firm that oversees a network of independent firms. Joel Isaacson still serves as the firm's chairman and David Peltz as a partner and CEO.

The firm employs a range of advisors who hold professional certifications. These include the certified financial planner (CFP) and certified public accountant (CPA) designations.

Joel Isaacson & Co. Client Types and Minimum Account Sizes

Joel Isaacson & Co. works mainly with individual clients, the vast majority of whom have a high net worth. Other clients include charitable organizations and non-high-net-worth individuals. The firm may also work with pensions and profit-sharing plans.

This firm does not list a specific minimum account size requirement.

Services Offered by Joel Isaacson & Co.

Joel Isaacson & Co. provides a range of financial services to its clients. Investment advisory services are often paired with financial planning, tax advice and portfolio management. Financial planning services center around the review and assesment of a client's current financial situation, while advising on goals related to taxes, retirement, their estate and business plans.

The firm also provides clients with wealth management and portfolio management services. Wealth management entails four main steps:

  • Personal financial planning
  • Development, implementation and monitoring of investment strategies
  • Performance reporting on investments
  • Meetings with advisors

Joel Isaacson & Co. Investment Philosophy

Joel Isaacson & Co. tailors its investment philosophy to the individual needs of each client. Advisors meet with clients to determine their overall financial situation, as well as what kinds of strategies and investment approaches are right for them. Advisors manage accounts on an ongoing and continuous basis, and clients can impose reasonable restrictions on how their money is managed.

The firm manages client assets on both a discretionary and non-discretionary basis. Typically, assets are invested in mutual funds, exchange-traded funds (ETFs) and private investment funds. Advisors tend to invest with a long-term focus, but short-term investing may be utilized if it fits with a client's needs.

Fees Under Joel Isaacson & Co.

Joel Isaacson & Co. charges a range of different fees depending on the type of services being provided. Hourly fees, which may be charged for financial planning services, range from $120 to $860 per hour. Asset-based fees are charged at an annual rate of 1.00% of AUM for assets under $1 million and 0.50% of AUM for assets above $1 million.

Wealth management services, on the other hand, are typically charged on a fixed-fee basis, as shown below.

Joel Isaacson & Co. Fixed Fee Schedule
Assets Estimated Fee
First $1MM $10,000
$1M - $3MM $15,000
$3MM - $5MM $20,000
$5MM - $10MM $30,000
$10MM - $20MM $40,000
$20MM - $30MM $50,000
More than $30MM Negotiable

What To Watch Out For

Joel Isaacson & Co. does not list any disclosures on its SEC-filed Form ADV.

As a fee-only firm, Joel Isaacson & Co. advisors do not earn commissions for selling or recommending financial products and services. Instead, the firm's revenue comes solely from the fees that clients directly pay. 

Opening an Account With Joel Isaacson & Co.

Those looking to open an account with Joel Isaacson & Co. can go online to the firm's website and submit a contact form. The firm can also be reached over the phone at (212) 302-6300.

All information is accurate as of the writing of this article.

Tips for Finding a Financial Advisor

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  • There are two kinds of financial advisor firms: fee-only and fee-based. While fee-based firms receive both client-paid fees and third-party commissions, fee-only firms only earn income from the fees that their clients pay them. Check out SmartAsset's guide to fee-only vs. fee-based to learn more.

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