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 near you, 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||$5,156,329,282||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Beacon Trust Find an Advisor||$3,705,000,000||$500,000|| || |
|3||Simon Quick Advisors, LLC Find an Advisor||$3,859,542,652||No set account minimum|| || |
Minimum AssetsNo set account minimum
|4||McRae Capital Management, Inc. Find an Advisor||$561,809,123||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Red Hook Management, LLC Find an Advisor||$388,347,904||Varies based on account type|| || |
Minimum AssetsVaries based on account type
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 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.
RegentAtlantic tops our Morristown list. The firm's large staff of financial advisors manages billions in 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 29 certified financial planners (CFPs) and eight 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. Jennifer Papadopolo is the firm's chief operating officer (COO), and Christopher Cordaro acts as chief investment officer (CIO). Papadopolo and Cordaro are also the firm's sole principal owners.
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 third 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 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 Jeffrey Loewy, the only founding member left at the firm. Both Longo and Loewy, along with several other advisors at the firm, have decades of financial industry experience.
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.
Massey Quick Simon & Co., LLC
Coming in next on our list is Simon Quick Advisors, LLC. 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, other investment advisors and municipal government entities. 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
Partners 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 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, Inc.
McRae Capital Management, Inc. 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 and charitable organizations. 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 a chartered financial analyst (CFA), certified financial planner (CFP) and 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.
Red Hook Management, LLC
Red Hook Management, LLC has a small number of advisors on staff who together manage millions in client assets. The firm works mainly with non-high-net-worth individuals and high-net-worth individuals, but it also manages the assets of a pooled investment vehicle and a couple of charitable organizations. This is a fee-only firm.
The minimum size for new client accounts at this firm varies based on the type of portfolio management service you're looking for. For example, balanced equity portfolios and fixed-income portfolios have no specific minimum, while separately managed fixed-income portfolios generally have a minimum investment of $1 million.
Red Hook Management Background
Managing partner Thomas Trynin is the principal owner of Red Hook Management, which has been in business under its current name since 2008. From 1986 up until 2008, though, the firm was known as Ezray Investment Advisors, Inc. Aside from Trynin, the firm's advisory staff has included former firm president and co-founder Nancy Conger and principal and co-founder Bill Conger. There is more than 110 years of investment management experience between these three advisors.
Red Hook provides a range of financial services, such as investment management, estate planning, tax planning, education fund planning, charitable giving planning and retirement planning. The firm manages money on a discretionary basis.
Red Hook Management Investment Strategy
Red Hook Management tailors its investment management advice to the specific needs and objectives of each client. This involves reviewing your risk tolerance, liquidity needs, time horizon and any other applicable factors. The firm's advisory staff continuously rebalances and reevaluates portfolios to make sure that they always fall in line with the original asset allocation plan.
Red Hook typically allocates clients' money in mutual fund and exchange-traded fund (ETF) securities. Within these asset classes, the firm tries to stick to funds that are low-cost, tax-efficient and passively managed, though it places significant emphasis on diversification as a way to mitigate risk. The firm and its advisors try to avoid potentially volatile investments, but it may occasionally invest in small-cap and value equities.