Finding a Top Financial Advisor Firm in Morristown, New Jersey
With several financial advisor firms to choose from in Morristown, New Jersey, it can be tough to narrow down which one you might want to work with. To help you make your decision, we've taken an in-depth look at each firm, including their typical advisory services, client base, minimums, certifications, investing strategies and more. To connect with advisors who serve your area, try SmartAsset's free advisor matching tool.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||RegentAtlantic Find an Advisor||$6,205,189,466||$10,000 minimum annual fee|| || |
Minimum Assets$10,000 minimum annual fee
|2||Beacon Trust Find an Advisor||$3,459,000,000||$500,000|| || |
|3||Simon Quick Advisors, LLC Find an Advisor||$5,103,979,658||No set account minimum|| || |
Minimum AssetsNo set account minimum
|4||McRae Capital Management, Inc. Find an Advisor||$667,896,289||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Hudson Value Partners, LLC Find an Advisor||$437,922,473||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in Morristown, 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 obtained through public records and is updated annually after the firms’ form ADV filing. 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. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
RegentAtlantic tops our Morristown list. The firm's large staff of financial advisors manages billions in client assets and provides financial services to a client base comprised of mainly individuals (both those with and without a high net worth). The firm also provides services to pooled investment vehicles, pension plans, profit-sharing plans, charitable organizations and businesses.
The firm's advisory staff is well-qualified, boasting a multitude of certifications. Among the group are certified financial planners (CFPs) and chartered financial analysts (CFAs). Other certifications include financial paraplanner qualified professional (FPQP), certified private wealth advisor (CPWA), certified investment management analyst (CIMA) and certified divorce financial analyst (CDFA).
The minimum account size requirements at this fee-only firm are technically nonexistent, but it does institute a $10,000 minimum annual fee. However, the firm reserves the right to alter or waive this minimum fee.
RegentAtlantic was founded in 1997 as Bugen Stuart Korn & Cordaro, changing its name to RegentAtlantic in 2001. The firm also bought out Hillview Capital Advisors, LLC, another advisory firm, in 2019. The firm is a wholly owned subsidiary of CI Private Wealth US, LLC. However, CI doesn't have any say in the firm's daily management.
RegentAtlantic provides a range of financial services to its clients, including financial planning, investment management and general asset management. Financial planning services include long-term goal-setting, risk tolerance determination, retirement planning and more. The firm also offers pension consulting services.
RegentAtlantic Investment Strategy
RegentAtlantic's investment committee is responsible for the oversight and creation of the firm's investment strategy. In crafting portfolios for clients, RegentAtlantic helps with asset allocation, investment security selection, long-term management and more. The firm and its advisors do so by primarily investing in fixed-income securities, equities, exchange-traded funds (ETFs), mutual funds, private funds and even structured notes and certificates of deposit (CDs).
The firm uses current market conditions, valuations and research to help inform its investment decisions. Advisors utilize long- and short-term purchases, margin transactions, options trading, short sales, private funds and independent managers to help drive growth in client portoflios. Advisors also rebalance and reevaluate each client's portfolio on an ongoing basis to ensure that their money is being invested according to their current allocation plan.
Beacon Trust, a financial advisory firm with billions in assets under management (AUM), comes in second on our list of the top financial advisor firms in Morristown. This firm has several financial advisors who carry a range of certifications including certified financial planners (CFPs), chartered financial analysts (CFAs), a chartered alternative investment analyst (CAIA) and a certified private wealth advisor (CPWA). The firm has a minimum investable asset requirement of $500,000 for new client accounts.
Beacon is a fee-only advisory firm. A majority of its individual clients have a high net worth. The firm also maintains advisory relationships with non-high-net-worth individuals, charitable organizations, government entities, retirement plans and investment companies.
Beacon Trust Background
Beacon Trust has been in business since 2015. The firm is owned by Beacon Trust Company, which is in turn owned by Provident Bank, which is in turn owned by Provident Financial Services, Inc., a publicly traded company. The firm's advisory team is led by chief investment officer (CIO) John Longo and president Valerie Murray.
Beacon Trust provides financial planning, asset management, consulting and tax preparation services. The firm guides its clients through all of the steps it takes to achieve their financial goals. It performs asset management services on a primarily discretionary basis and offers wrap fee programs as well. Financial planning services include:
- Family governance
- Compensation and benefit planning
- Income tax minimization
- Cash flow planning
- Education fund planning
- Charitable giving planning
- Estate planning
Beacon Trust Investment Strategy
Beacon Trust's portfolio programs look to invest client's assets in a wide variety of securities. The firm looks to preserve wealth and drive growth, while maximizing liquidity, tax efficiency and adaptability. Risk mitigation tends to be at the center of each portfolio strategy. The firm's strategies include small-cap, mid-cap, large-cap, international, bond and high-yield securities. It also uses mutual funds and exchange-traded funds (ETFs) in client portfolios. The firm rebalances and evaluates client portfolios on a consistent basis.
Beacon Trust has a variety of different approaches for clients who engage them for portfolio management services.
- Alternative investments: This is a client-centric model involving affiliated and unaffiliated hedge funds and funds of funds. It seeks to reduce volatility through diversification.
- Active tax management and loss harvesting: Focuses on tax awareness that helps keep money in the pockets of clients, while harvesting losses to create tax advantages.
- Ongoing portfolio monitoring: Centered around continued due diligence that ensures clients are getting the most out of their investments.
Simon Quick Advisors
Coming in next on our list is Simon Quick Advisors. Though originally named Massey Quick Simon & Co., LLC, the firm changed its name to Simon Quick Advisors in 2019. This firm has billions in assets under management (AUM) and several financial advisors on staff. Among them are certified public accountants (CPAs), chartered financial analysts (CFAs), certified financial planners (CFPs), certified divorce financial analysts (CDFAs), chartered alternative investment analysts (CAIAs) and more.
Simon Quick primarily provides services to individual clients, with most of them having a high net worth. The firm also commonly works with pooled investment vehicles, retirement plans, charities, insurance companies and other investment advisors. Rather than impose a minimum account size, the firm charges a $10,000 minimum annual fee, which could be cost-prohibitive for smaller account sizes.
The firm is fee-only, which means it does not receive any sales or transaction commissions that could introduce conflicts of interest.
Simon Quick Advisors Background
Dwight Massey and Leslie Quick III founded the firm in 2004. Today, it's owned by a combination of William E. Simon & Sons, LLC; managing partners Joseph Belfatto and Leslie Quick III; and QIII Family Enterprises, LLC, a holding company. Altogether, Belfatto and Quick have 80 years' experience in financial services. Massey is now retired.
Simon Quick provides several different financial advisory services across the investing and financial planning verticals. The firm and its advisors help clients with wealth management, investment planning, retirement planning, tax planning, estate planning and more.
Simon Quick Advisors Investment Strategy
In order to properly help clients manage their investments, Simon Quick creates unique investment plans that fit the objectives of each client. Through extensive interviews, the firm determines precise investment goals and the asset management styles that would pair well with them. The firm then allocates client funds to a number of securities, such as stocks, bonds, mutual funds and exchange-traded funds (ETFs). As your portfolio ages, the firm will rebalance your investments.
Simon Quick primarily utilizes fundamental analysis when crafting client portfolios to determine a security's intrinsic value. In terms of investment strategies, the firm enagages in long- and short-term purchases, short sales and options trading. Each portfolio is given periodic performance updates to ensure proper growth targets are being met.
McRae Capital Management
McRae Capital Management is a financial advisory firm in Morristown with hundreds of millions in assets under management (AUM). McRae's small team of financial advisors provide financial planning and portfolio management services for clients that include high-net-worth individuals, pension and profit-sharing plans, charitable organizations and businesses. While the firm does not specify a minimum balance for new client accounts, the firm's only individual clients are those above the high-net-worth threshhold.
This is a fee-only firm, so all of its income comes from the fees that clients pay. The firm's advisory staff includes two chartered financial analysts (CFAs), two certified financial planners (CFPs) and one certified public accountant (CPA).
McRae Capital Management Background
McRae Capital Management was founded in 1981 by Rod McRae, making it one of the oldest firms on our list. The current owners of the firm are managing partners Roderick McRae III and Peter McRae. This trio of McRae family members has more than 100 years of collective experience in the investment and financial services industries.
The firm provides discretionary investment management services, and a selection of financial planning services come free with it. These include tax planning, insurance planning, estate planning, retirement planning and more.
McRae Capital Management Investment Strategy
McRae's investment strategy is informed by a wide variety of sources, many of which are publicly available. The firm and its advisors employ traditional methods of fundamental analysis, looking at a company's management structure, financial strength, competitive position, cost structure and more to determine its intrinsic value within the context of the market.
In an attempt to mitigate risk, McRae seeks to invest in high-quality securities at attractive prices, including taxable bonds, tax-free bonds and equities. In the end, though, McRae tries to help clients achieve their own particular financial objectives. This involves investing according to their risk tolerance, time horizon and income needs.
Hudson Value Partners
Hudson Value Partners works almost entirely with individual clients and their families. In fact, around two-thirds of the firm's client base is comprised of high-net-worth individuals, with the rest having net worths below that threshold. The firm's lone institutional clients are investment funds and charitable organizations.
There is no minimum investment requirement at Hudson. However, some of the advisors here can earn extra commissions from the sale of insurance products and securities. While this presents the potential for a conflict of interest, the firm's fiduciary duty means it must act in clients' best interests.
Hudson Value Partners Background
Hudson Value Partners is a young firm, as it went into business in just 2019. The firm is owned by Christopher Davis and Paul Davis, with the former being its managing member.
This firm's services are largely based around investment management. It does provide stand-alone financial planning too, though.
Hudson Value Partners Investing Strategy
Hudson Value Partners invests client assets using a few different methods. These include:
- Long-term purchases (held for a year or longer )
- Short-term purchases (held for less than a year)
- Trading (held for less than a month)
- Margin transactions
The types of investment strategies used within your portfolio will depend on your specific needs and goals. For instance, the firm will account for things like your risk tolerance, time horizon, income and liquidity needs and overall financial goals.