Finding a Top Financial Advisor Firm in New Jersey
New Jersey residents will likely have a tough time making a final decision on a financial advisor firm because of the number of options throughout the state. To simplify this undertaking, SmartAsset determined the top financial advisor firms across the Garden State. Below you can compare and contrast the fee schedules, investing strategies and typical client bases of each of the 10 firms to find the one that suits your financial goals and needs. If you’d prefer to answer a few questions to get paired with financial advisors in your area, take a look at the SmartAsset financial advisor matching tool.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||RegentAtlantic Find an Advisor||$3,264,696,400||None|| || |
|2||Modera Wealth Management, LLC Find an Advisor||$ 2,386,219,300||None|| || |
|3||LBI Wealth Management, LLC Find an Advisor||$1,726,247,600||$500,000|| || |
|4||Advisors Capital Management, LLC Find an Advisor||$1,498,312,700||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|5||Beacon Trust Find an Advisor||$1,197,023,700||$500,000|| || |
|6||Circle Wealth Management, LLC Find an Advisor||$1,061,459,700||None|| || |
|7||Round Table Wealth Management Find an Advisor||$948,278,400||$800,000|| || |
|8||Condor Capital Wealth Management Find an Advisor||$900,535,600||$250,000|| || |
|9||Meyer Capital Group Find an Advisor||$744,427,000||$500,000|| || |
|10||Signet Financial Management, LLC Find an Advisor||$673,865,000||$500,000|| || |
How We Found the Top Financial Advisor Firms in New Jersey
Our SmartAsset personal finance experts only considered New Jersey-based financial advisor firms registered with the U.S. Securities and Exchange Commission (SEC) for placement on this list. That’s because all SEC-registered firms are bound by fiduciary duty, which requires them to act in clients’ best interests. We removed firms from contention for one of three reasons: either they didn’t manage individual accounts, didn’t offer financial planning services or had disciplinary issues. The top firms that met these requirements are listed below, sorted from the most assets under management (AUM) to the least.
Fee-only financial advisor firm RegentAtlantic has more than $3.2 billion in assets under management (AUM), which is more than a billion dollars more than the next firm, Modera Wealth Management, LLC. RegentAtlantic also has the largest advisory staff at 32 members. Its team includes 22 certified financial planners (CFPs), eight chartered financial analysts (CFAs), five financial paraplanner qualified professionals (FPQPs), one certified public accountant (CPA), one certified trust and financial advisor (CTFA), one certified private wealth advisor (CPWA), one certified investment management analyst (CIMA) and one certified divorce financial analyst (CDFA).
This Morristown-based firm mostly works with high-net-worth individuals, though it does also have a history of working with foundations, endowments, pension and profit-sharing plans and businesses. RegentAtlantic says it specializes in serving business owners, corporate executives, those approaching retirement, senior citizens, Wall Street women and non-profit organizations. While there is no minimum account size set by this firm, it does require a $10,000 minimum annual fee.
RegentAtlantic has been in business since just 2001. Prior to its merger, the firm existed as two separate firms: Bugen, Korn & Cordaro and Individual Asset Planning. Chief investment officer Christopher Cordaro and chief operating officer Jennifer Papadopolo are the sole owners of the firm.
As you might expect from a firm this large, it has many financial planning services available:
- Financial goal setting
- Retirement planning
- IRA/qualified plan management
- Business planning
- Tax minimization
- Estate planning
- Insurance analysis
- Charitable gift planning
- College fund planning
RegentAtlantic Investing Strategy
RegentAtlantic’s central focus is long-term sustainable growth, and it will always strive to achieve this in its client portfolios. Unlike some firms, though, it’s willing to use short-term investments to try to capitalize on some of the higher returns that can accompany these riskier investments.
The firm’s advisors rebalance portfolios on a regular basis to ensure that they realize the portfolio mix they’re aiming for in real time, not just when first implementing the plan. Changes in your financial goals or shifts in an asset class weight by more than 20% will also trigger rebalancing.
Modera Wealth Management, LLC
Individuals comprise the largest percentage of Modera Wealth Management, LLC’s client base, although that’s not the only group the firm serves. The firm has built relationships with pension and profit-sharing plans, estates, trusts, businesses, investment limited partnerships and charitable organizations. Modera Wealth Management does not require new clients to have a minimum level of investable assets.
Aside from its main office in Westwood, you can find this fee-only firm in Massachusetts, Florida, North Carolina and Georgia. As part of its team of advisors, Modera staffs 10 certified financial planners (CFPs), three chartered financial consultants (ChFCs), two chartered life underwriters (CLUs), two accredited investment fiduciaries (AIFs), one chartered financial analyst (CFA), one certified public accountant (CPA) and one certified divorce financial analyst (CDFA).
Modera Wealth Management, LLC Background
Though Modera Wealth Management’s roots can be traced back to 1983, it was technically formed in 2011 through a merger between Back Bay Financial Group, Inc. and Modera Capital, Inc. Despite the name change, Modera Capital, Inc., a financial holding company, still owns the firm.
This firm’s services can be split into a few overarching categories, like wealth management, portfolio management, investment consulting and monitoring, retirement planning and financial planning and consulting. Modera offers business planning, insurance review, estate planning, tax mitigation, cash-flow planning and education funding as well.
Modera Wealth Management, LLC Investing Strategy
Modern portfolio theory has become wildly popular with financial advisor firms in recent years, but this firm chooses to focus on just three main tenets of it:
- The markets work: The market will usually set fair prices.
- Diversification is key: Use international securities in different markets to fill out portfolios.
- There’s a relationship between risk and return: If you want a boost in return, make sure the risk only increases proportionately.
To put these ideas into practice as fully as possible, Modera Wealth Management remains open to a plethora of investment opportunities, like exchange-traded funds (ETFs), stocks, bonds, real estate investment trusts (REITs), commodities and more.
Perhaps the most staggering fact about LBI Wealth Management, LLC isn’t that it manages $1.7 billion in client assets, but rather that just a single advisor oversees these assets. The firm’s sole advisor, Maryann Bryla, does not hold any advisor certifications, making this firm one of just two on this list that has that distinction. The firm is headquartered in Saddle River.
Not a single non-high-net-worth individual has an account at this firm that primarily serves ultra-high-net-worth individuals. The firm also works with trusts, estates, charitable organizations and businesses. You need a minimum of $500,000 in investable assets to open an account.
LBI Wealth Management, LLC is a fee-based firm, but not because it sells insurance or securities. Instead, the firm earns additional compensation when clients use its recommended third-party money managers. Although this could create a potential conflict of interest, the firm is a fiduciary and therefore must always act in your best interest.
LBI Wealth Management, LLC Background
Maryann Bryla founded LBI Wealth Management, LLC in 2010 and remains the firm’s owner. Bryla has spent more than 15 years in the financial management industry.
Clients can build their accounts depending on what they need. The firm’s available services include:
- Tax minimization
- Estate planning
- Trust planning
- Transfer of wealth
- Investment planning
- Cash flow planning
- Insurance needs review
- Education planning
LBI Wealth Management, LLC Client Experience
Considering LBI Wealth Management’s client base is so small, it’s no surprise that it prefers a hands-on approach to dealing with clients. The firm begins new client relationships with a face-to-face meeting. During this time, you will determine your risk tolerance, time horizon and exact goals, all of which will inform your investment plan, which your advisor will present to you when you next meet.
Should you and your advisor agree on the proposed plan, he or or she will be implement it. The only person who can alter the plan is you, so if you feel as though you want things to go in a different direction, simply call up your advisor and let him or her know.
Advisors Capital Management, LLC
Advisors Capital Management, LLC works with 14 times as many non-high-net-worth individuals as high-net-worth individuals. This disparity in the firm’s individual client base is larger than that of any other firm on this list. Additionally, Advisors Capital Management works with state and municipal government entities, pension and profit-sharing plans, businesses and charitable organizations.
The account minimum at this Ridgewood-based firm varies depending on the type of account you want to open. The minimums go as follows:
- ACM private account: $300,000
- ACM model separate accounts: $150,000
- ACM model mutual fund/ETF strategies: $50,000
Notably, the team at Advisors Capital Management doesn’t hold any additional certifications. A number of the advisors at this fee-based firm sell insurance policies on a commission basis. However, the firm does abide by fiduciary duty, binding it to act in your best interest.
Advisors Capital Management, LLC Background
Chief Investment Officer Dr. Charles Lieberman established Advisors Capital Management, LLC in 1998. He remains the majority owner of the firm. The firm’s economic advisor is Dr. Alan Greenspan, who served as the chairman of the U.S. Federal Reserve from 1987 to 2006.
Advisors Capital Management provides most of the services that typical financial advisor firms do. Its services include budget and cash flow planning, investment management, retirement planning, estate planning and insurance analysis.
Advisors Capital Management, LLC Investing Strategy
Advisors Capital Management, LLC takes into account a number of factors when deciding which industries are worth investing in. These factors include interest rate outlooks, demographics, business cycles and more. Once it’s considered these elements, the firm selects specific companies within the viable industries that present strong return possibilities or are currently undervalued.
The final choices your advisor makes throughout this process are not only based on the aforementioned research, but also on how well the investments align with your personal risk tolerance and time horizon. However, this firm heavily emphasizes long-term investments.
One of two Morristown firms on this list, Beacon Trust works with far more high-net-worth individuals than non-high-net-worth individuals. While individual investors are the firm’s most common clients, it also works with pension and profit-sharing plans, trusts, estates, businesses and charitable organizations. New clients of this fee-only firm are required to have at least $500,000 in investable assets.
The firm has the largest variation of advisor certifications on this list. Its team includes 10 certified financial planners (CFPs), seven chartered financial analysts (CFAs), one certified public accountant (CPA), one chartered alternative investment analyst (CAIA), one certified tax specialist (CTS), one certified estate and trust specialist (CES), one certified income specialist (CIS), one certified trust and financial advisor (CTFA) and one chartered investment counselor (CIC).
Beacon Trust Background
Beacon Trust was formed in 2015, placing it as the youngest firm on this list. Provident Financial Services, Inc., a publicly traded financial company, owns the firm. The advisors at Beacon Trust have, on average, 20 years of experience in financial advising and management.
Services at this firm are tailored to certain types of clients, like business executives and retirees. You’ll find investment management, estate planning, retirement planning, executive compensation planning, tax planning and preparation, trust creation and estate planning services available at Beacon.
Beacon Trust Investing Strategy
Beacon Trust uses multiple investment strategies across diversified asset classes to build its client portfolios. Overall, the firm looks to do the following for each account it builds: maximize liquidity, adhere to tax efficiency, preserve wealth, deliver attractive returns and maintain transparency.
Inherently diversified investments are popular with this firm and make up most of its portfolios. For example, you’ll likely see a mix of exchange-traded funds (ETFs), mutual funds, individual debt and equity securities, options and investment limited partnerships in your account.
Circle Wealth Management, LLC
Circle Wealth Management, LLC is the final firm on this list that has more than $1 billion in assets under management (AUM). Even at this size, the firm has only 60 individual clients to its name, all of whom are ultra-high-net-worth individuals. Charitable organizations are the only other type of client that this fee-only firm will accept. It has no set account minimum.
This Summit-based firm’s team includes just a single certified financial planner (CFP). Circle Wealth was named one of Financial Times’ top 300 registered investment advisors (RIAs) in 2015.
Circle Wealth Management, LLC Background
Managing partner Maria Chrin is the majority owner of Circle Wealth Management, LLC. The Financial Times honored Chrin as one of the top female financial advisors in 2014. Circle Wealth Management was founded in 2006, though its advisors average almost 20 years in the financial sphere.
The firm initially offers clients general services, such as financial planning, wealth advising and investment management. These will then be customized to your personal needs based on conversations with your advisor.
Circle Wealth Management, LLC Client Experience
Circle Wealth Management, LLC places an emphasis on collaboration between advisors and clients as it builds relationships. Conversations with your advisor will determine your personal risk tolerance, time horizon and financial goals, all of which will eventually shape your financial plan.
Circle Wealth Management wants you to feel extremely secure in the plan that it puts forth for you. To do this, its advisors recommend that you get into contact with your own accountant and attorney to ensure that any strategy used in your account is in line with your future plans and goals.
Round Table Wealth Management
Round Table Wealth Management has by far the highest account minimum on this list at $800,000. Likely as a result of this, its client base includes more than five times as many high-net-worth individuals as non-high-net-worth individuals. The firm’s typical clients also include families, estates, trusts, family foundations, charities, businesses and pension and profit-sharing plans. Round Table claims to have a number of specific client specializations, such as domestic partners, attorneys, business owners, retirees, international families, women in transition following a death or divorce, multi-generational families, retirees and those with emerging wealth.
The 15-person advisory staff at this fee-only firm in Westfield boasts 15 certifications. There are seven certified financial planners (CFPs), four chartered financial analysts (CFAs), two certified public accountants (CPAs), one certified divorce financial analyst (CDFA) and one accredited domestic partnership advisors (ADPA) on staff.
Notably, this is the only firm on this list that charges performance-based fees if your portfolio exceeds initial projections. Round Table is a fiduciary though, binding it to act in your best interest.
Round Table Wealth Management Background
CEO Steven Giacona originally opened the firm in 1999, and the firm’s ownership is divided between Giacona, CIO Robert Davis and partner Bruce Hyde. Giacona still has the largest stake in the firm, though. The trio has been in financial services for a combined 70 years.
Round Table offers a wide range of financial services. It specializes in estate planning, wealth transfer, income tax planning, philanthropic gift planning, retirement planning, insurance review and education fund planning.
Round Table Wealth Management Investment Options
Round Table Wealth Management is willing to utilize many different types of investments in client portfolios. This is extremely important for diversification, which calls for allocating your assets across varied unrelated areas of the market to minimize risk.
More specifically, Round Table Wealth Management will analyze exchange-traded funds (ETFs), separately managed accounts, private funds, mutual funds, individual securities, equities, fixed income, real estate, alternative investments and private equity to see if they match your objectives. There are also subclasses within each of these overarching categories, allowing for even further diversification of the investment choices available at this firm.
Condor Capital Wealth Management
Condor Capital Wealth Management is one of just three firms on this list that has more individual clients than high-net-worth individual clients. Advisors Capital Management, LLC and Signet Financial Management, LLC, the fourth and tenth firms on this list, respectively, are the only other firms that don’t primarily serve high-net-worth individuals. This is somewhat rare for a firm with more than $900 million in assets under management (AUM), though its waivable $250,000 account minimum might have something to do with it.
This fee-only firm’s main office is in Martinsville. Its 11-member team holds five advisor certifications, with two certified financial planners (CFPs), one chartered financial analyst (CFA), one certified investment management analyst (CIMA) and one chartered special needs consultant on staff.
Condor Capital Wealth Management Background
President Ken Schapiro opened Condor Capital Wealth Management’s doors for business in 1988 and has been the firm’s principal owner since then. Aside from Schapiro’s 30-plus years in the field, the firm has been highly touted by publications such as Financial Times, InvestmentNews, Financial Advisor Magazine and Barron’s.
Like some of the other firms on this list, Condor offers services based on clients needs. In other words, everything that this firm does is personalized to what you want.
Condor Capital Wealth Management Investing Strategy
At Condor Capital Wealth Management, risk tolerance, time horizon, liquidity needs and financial goals are the main pieces of information that shape an account. But that’s only half of the process. The firm also focuses on choosing specific investment types and rebalancing client portfolios.
When making the final decisions on investments, the advisors at Condor consider four focus areas: volatility, vehicle fees, individual stock weighting and geographic allocation. These are supposed to work together so that no portfolio ends up too centralized in any one area of the market, which would make a portfolio more vulnerable. Portfolios are also rebalanced regularly to keep asset allocations in line with where they’re meant to be.
Meyer Capital Group
Fee-only financial advisor firm Meyer Capital Group is based in Marlton. This firm’s team includes four accredited investment fiduciaries (AIFs), three certified financial planners (CFPs), one chartered financial analyst (CFA), one certified public accountant (CPA) and one certified fund specialist (CFS).
This firm principally serves non-high-net-worth individuals. Additionally, it may also work with businesses, pension and profit-sharing plans, trusts and charities. Regardless of the type of client you are, make sure you have at least $500,000 in investable assets prior to approaching this firm.
Meyer Capital Group Background
Meyer Capital Group opened in 1988. President and CEO Thomas Meyer is the majority owner, and he has spent a total of 35 years in the personal finance world. The Financial Times and Barron’s have named him one of the top financial advisors in the country.
Whether you’re looking for goal-based financial management or something a bit more general, this firm has services that will fit the bill:
- Personal finance forecasting
- Cash flow planning and management
- College fund planning
- Investment planning
- Insurance analysis
- Retirement planning
- Estate planning
- Charitable gift planning
Meyer Capital Group Portfolio Options
Depending on your risk profile, you can choose from five portfolio models that range from very aggressive to very conservative. No matter which portfolio you choose, it’s bound to include some combination of exchange-traded funds (ETFs), stocks, bonds and mutual funds, as these represent the firm’s most common investment choices.
If you want to invest conscientiously, Meyer Capital Group also offers a socially responsible investment portfolio that is built to integrate environmental, social and governance factors. Should you already have an idea of how you want your portfolio to look, the firm does offer custom portfolio options that solely contain stocks, bonds or alternative investments.
Signet Financial Management, LLC
Signet Financial Management, LLC is a fee-based financial advisor firm with a sizeable individual client base. In addition to its nearly 800 individual clients, this firm works with trusts, estates, businesses, retirement plans and charitable organizations. Like three other firms on this list, Signet requires a minimum portfolio size of $500,000.
Signet Financial Management is based in Mendham. There are four certified financial planners (CFPs), two chartered financial analysts (CFAs) and one chartered retirement counselor (CRC) this firm employs to aid in the management of accounts.
Some of the firm’s advisors sell insurance policies to clients, and they may earn commissions from sales. However, the firm is bound by fiduciary duty, forcing it to act in clients’ best interests.
Signet Financial Management, LLC Background
Signet Financial Management, LLC was created in 1988. It is independently owned by three members of the firm: CEO/CIO (equities) Eugene Yashin, President Matthew Etter and CCO/CIO (fixed income) Steve Tuttle. They have been in the financial management business for a combined 60-plus years.
Simplicity is the name of the game with this firm, as its only service verticals are retirement planning, estate planning, insurance planning, tax planning and risk management. The firm can tailor any other needs to your specific situation.
Signet Financial Management, LLC Investing Strategy
Overall, Signet looks to maintain a long-term strategy for all of its clients, as it believes that this provides the best chance for strong, sustainable returns. In turn, the firm avoids getting involved in short-term investing even if the quick returns seem enticing.
However, if your financial goals change or the market shifts, your advisor can alter this long-term philosophy through rebalancing to take these conditions into account. No-load mutual funds, exchange-traded funds (ETFs), fixed income assets and equities make up the majority of investments that this firm uses.