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 in 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.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Pathstone Find an Advisor||$22,604,852,072||$2,000,000|| || |
|2||Advisors Capital Management, LLC Find an Advisor||$5,346,414,803||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|3||Modera Wealth Management, LLC Find an Advisor||$6,950,534,211||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||RegentAtlantic Find an Advisor||$6,205,189,466||$10,000 minimum annual fee|| || |
Minimum Assets$10,000 minimum annual fee
|5||Palisade Capital Management LLC Find an Advisor||$5,515,406,687||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|6||Beacon Trust Find an Advisor||$4,093,000,000||$500,000|| || |
|7||Simon Quick Advisors, LLC Find an Advisor||$4,582,069,033||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||Circle Wealth Management, LLC Find an Advisor||$3,420,602,235||$30,000,000|| || |
|9||Hallmark Capital Management Inc Find an Advisor||$2,102,286,832||$500,000|| || |
|10||Round Table Wealth Management Find an Advisor||$1,600,311,669||$10,000 minimum annual fee|| || |
Minimum Assets$10,000 minimum annual fee
What We Use in Our Methodology
To find the top financial advisors in New Jersey, we first identified all firms registered with the SEC in the state. 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.
At the top of the list, Pathstone Family is a fee-only firm with billions in assets under management. There are currently more than 100 advisors at the firm with additional offices in Alaska, California, Washington, the District of Columbia, Florida, Georgia, Texas and Massachusetts. The team in New Jersey headquaters includes a number of certified financial planners (CFPs).
Individual clients are mostly high-net-worth individuals. The firm also works with pooled investment vehicles, charitable organizations and other corporations. The minimum portfolio size is $2 million. Fees for investment management are based on a percentage of assets under management, though some qualified clients may enter into an agreement for performance-based fees.
This firm was founded in 2016 through the merger of Pathstone Family Office (founded in 2010) and Federal Street Advisors (founded in 1991). It is principally owned by Pathstone Holdings, LLC and is family- and employee-owned.
The firm’s services include:
- Discretionary investment advising
- Financial planning services
- Tax compliance
- Tax return preparation
Pathstone Investment Strategy
Pathstone may use the following strategies in client portfolios: long-term purchases, short-term purchases, trading, short sales, margin transactions, option writing, structured products and and derivatives.
Generally, Modern Portfolio Theory informs the process of determining asset allocation and manager selection for advisors. Each client has a determined return objective and risk tolerance that drives investment decisions.
Advisors Capital Management
Advisors Capital Management, LLC works with more non-high-net-worth individuals than high-net-worth individuals. Additionally, Advisors Capital Management works with pension and profit-sharing plans, businesses and charitable organizations.
The account minimum at this Ridgewood-based firm varies depending on the type of account. The minimums are:
- ACM private account - $300,000
- ACM model separate accounts - $150,000
- ACM model mutual fund/ETF strategies- $50,000
The team at Advisors Capital Management includes a few chartered financial analysts (CFAs) and one MBA. Certain advisors at the firm also sell insurance and earn commissions from sales, which is a potential conflict of interest. That said, the firm is legally bound by its fiduciary duty to act in clients' best interests.
Advisors Capital Management Background
Founding partner Kevin Kern established the firm's predecessor, Advisors Financial Center, in 1998. In 2003, Kern merged that firm with Chief Investment Officer Dr. Charles Lieberman. The merged firm became Advisors Capital Management, and it remains majority owned by Lieberman. The firm’s senior 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 Investing Strategy
Advisors Capital Management 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 has 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.
Modera Wealth Management
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, but it does have a minimum quarterly fee of $5,000 for wealth management, $4,000 for portfolio management and $1,375 for retirement plan services.
Aside from its main office in Westwood, you can find this fee-only firm in Massachusetts, Florida, North Carolina and Georgia. Designations held by members of the team in New Jersey include certified financial planner (CFP), chartered financial consultant (ChFC), accredited investment fiduciary (AIF), chartered life underwriter (CLU), chartered financial analyst (CFA) and chartered special needs consultant (ChSNC).
Modera Wealth Management Background
Modera Wealth Management’s roots can be traced back to 1983. It formed a two-office regional firm in 2011 through a merger between Back Bay Financial Group, Inc. and Modera Capital, Inc. The latter, Modera Capital, Inc. is now a financial holding company and 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 Investing Strategy
Modern Portfolio Theory has become 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, including exchange-traded funds, stocks, bonds, real estate investment trusts, commodities and more.
RegentAtlantic'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.
Palisade Capital Management
Founded in 1995, Palisade Capital Management LLC primarily offers investment management through separately managed accounts. The minimum to open an account depends on the investment strategy and ranges from $1 million to $50 million. The firm also serves as sub-advisor to several mutual funds and as advisor to a collective investment trust, private equity funds and private hedge funds.
Despite its high minimum account requirements, the fee-only firm serves almost three times as many clients who do not have high net worths as clients who do. Advisors at this Fort Lee firm include chartered financial analysts (CFAs), several JDs, several MBAs, one certifed financial planner (CFP) and one certified public accountant (CPA).
Palisade Capital Management Background
Martin Berman, Steven Berman, and Jack Feiler founded the firm in 1995. Today the latter two serve as vice chairmen, while Alison Berman serves as president and CEO and Michael Feiler is managing director of private wealth management. The firm is primarily owned by Bermans, plus Jack Feiler, Dennison Veru, Jeffrey Serkes, Bradley Goldman, Beata Tannuzzo and Michael Feiler have stakes.
Palisade Capital Management Investing Strategy
Palisade Capital has been offering comprehensive, bottom-up, fundamental investing for 25 years. Its strategies include small cap core equity, focused all cap equity, convertible securities, short duration convertible bonds, hedged convertibles, private equity and hedged equity. Private wealth management individuals with separately managed accounts typically choose one of the following investment goals: growth, preservation of principal/income or balanced/conservative growth. Their assets are typically invested in securities of individual issuers, mutual funds, exchange-traded funds and/or investments in funds managed by Palisade.
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.
Simon Quick Advisors
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.
Circle Wealth Management
Circle Wealth Management's client base consists entirely of high-net-worth individuals and charities.
Circle Wealth is a fee-only financial advisor firm, meaning it only receives income from client fees. This avoids the conflicts of interest found at a fee-based firm, which can receive commissions for insurance or securities transactions.
There is a $30 million account minimum.
Circle Wealth Management Background
Managing partner Maria L. Kattan-Chrin founded Circle Wealth Management in 2006, though the firm didn't register with the SEC until 2007. Kattan-Chrin is also the principal owner of the firm and she has decades of experience within the private wealth management and financial services industries. The firm's team of 11 financial advisors includes two certified financial planners and one certified public accountant.
Circle Wealth provides highly customized financial planning and investment management services to its clients, on both a discretionary and non-discretionary basis. These services include estate planning, tax planning, insurance planning, retirement planning and more.
Circle Wealth Management Investment Strategy
Circle Wealth Management looks to tailor its advisory services to the financial objectives, risk tolerance and time horizon of each client. Part of the process of understanding the client involves an evaluation of their existing investments. Based on these findings, the firm may recommend that those investments should be held or sold. Based on the entirety of this information, the firm will put together an investment policy statement (IPS).
The firm uses both quantitative and qualitative analysis when crafting client portfolios. The firm draws from a wide range of databases to inform their decisions. Based on this research, the firm may recommend investments like individual equities, fixed-income securities, options, mutual funds, private equity funds, funds of funds, hedge funds, exchange-traded funds (ETFs) and structured notes.
Hallmark Capital Management
Hallmark Capital Management Inc is a fee-only firm with more than $1 billion in assets under management. The minimum account size for investment management is $500,000. Fees are based entirely on a percentage of assets under management and advisors do not earn commissions for selling securities or insurance products to clients.
There are 12 advisors at the firm. The team in New Jersey and New York includes chartered financial analysts (CFAs) and certified financial planners (CFPs). There is also an office in Florida. Clients are a mix of individuals and high-net-worth individuals, though more are high-net-worth. Institutional clients include pension and profit-sharing plans, charitable organizations and other corporations.
Hallmark Capital Management Background
Hallmark Capital Management was founded in 1986 and started offering financial planning in 1999. It became a wholly-owned subsidiary of Valley National Bancorp in 2000, and in 2016 it merged with New Century Asset Management, another wholly-owned subsidiary of the parent company.
Services offered by the firm include:
- Investment management
- Financial planning
- Income taxes
- Retirement planning
- Asset allocation
- Estate tax planning
- Education pre-funding
Hallmark Capital Management Investing Strategy
The asset allocation strategy at Hallmark may follow one of three main strategies:
- Equity account - mostly invested in common stocks, with some cash reserves
- Fixed income account - mostly invested in bonds, with some cash reserves
- Balanced account - invested in a mix of stocks and bonds, with some cash reserves
Mutual funds and exchange-traded funds may also be used, though individual stocks and bonds are the heart of Hallmark’s investment strategy.
Round Table Wealth Management
Rounding off our list of top advisors in New Jersey is fee-only firm Round Table Wealth Management. Its client base consists mostly of high-net-worth individuals, along with individuals below the high-net-worth threshold, pooled investment vehicles, retirement plans, charities and businesses. Although the firm does not impose a minimum account size, it does have a minimum annual fee of $10,000.
The team at Round Table holds many professional designations, including certified financial planner (CFP), chartered financial analyst (CFA), certified divorce financial analyst (CDFA), trust and estate practitioner (TEP) and certified public accountant (CPA).
Round Table Wealth Management Background
Round Table was founded in 1999 by Steven Giacona who is the firm's managing partner. Giacona's Fontana Holdings LLC is the majority owner.
The firm primarily serves high-net-worth individuals and their families, and this is seen in the host of financial services offered. Round Table advises on wealth transfer and estate planning, income tax, asset allocation, charitable planning and philanthropy, retirement, insurance and education, among other areas.
Round Table Wealth Management Investment Strategy
Round Table allocates assets across a broad range of investment categories and strategies in order to achieve the desired level of diversification and meet client objectives for risk and return. The firm manages assets through independent managers hired specifically to implement its recommended investments. Portfolios can be constructed of:
- Fixed Income - municipal and government bonds, investment grade and non-investment grade corporate bonds
- Equities - U.S. large, mid, and small cap, international both developed and emerging markets
- Other - asset classes that have low correlation to traditional fixed income and equities such as global macro, high-yield debt, master limited partnerships, commodities and real estate
- Alternatives - hedge funds, hedge fund of funds, direct private equity, private equity funds and private equity fund of funds