Finding a Top Financial Advisor Firm in Summit, New Jersey
Having trouble choosing a financial advisor? This list will take you through the top firms in Summit, New Jersey, going into detail on each firm's minimums, typical client bases, advisory services, investment strategies and more. If you'd prefer to have this work done for you, try using SmartAsset's free financial advisor matching tool to get paired with local advisors.
Find a Fiduciary Financial AdvisorWe match more than 50,000 people with financial advisors per month. Get connected to an advisor that serves your area today.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Circle Wealth Management, LLC Find an Advisor||$2,771,148,919||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Summit Place Financial Advisors, LLC Find an Advisor||$179,715,532||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in Summit, 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.
Circle Wealth Management
Circle Wealth Management, LLC sits at the top of this list, and also ranks as one of SmartAsset's top 10 financial advisor firms in New Jersey. The firm'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.
Circle Wealth Management Background
Managing partner Maria L. Chrin founded Circle Wealth Management in 2006, though the firm didn't register with the SEC until 2007. 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.
Summit Place Financial Advisors
Summit Place Financial Advisors, LLC specializes in financial planning and portfolio management services for a client base comprised solely of individuals (both with and without a high net worth). The firm does not institute any sort of minimum investable asset requirement.
Summit Place provides financial services on a fee-only basis. Founder and president Elizabeth Miller is a certified financial planner (CFP) and a chartered financial analyst (CFA). The firm's financial team also includes a second chartered financial analyst.
Summit Place Financial Advisors Background
Miller founded Summit Place Financial Advisors in 2008. Miller principally owns the firm to this day, and has over two decades of experience in the private wealth management industry.
Financial services offered by Summit Place include discretionary asset and investment management, along with a plethora of financial planning and consulting services. For example, you can take advantage of tax planning, estate planning, legacy planning and retirement planning. The firm also has services specifically for multi-generational families, corporate executives, entrepreneurs and recent inheritors.
Summit Place Financial Advisors Investment Strategy
Summit Place Financial Advisors uses several methods of security analysis to inform its investment decisions. These include fundamental analysis, technical analysis and charting. Investment strategies may include both long-term purchases and short-term purchases.
The firm looks to act in accordance with the investment goals of each individual client, as well as their risk tolerance, time horizon and income needs. In general, though, the firm typically invests in individual stocks and bonds.