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Best Financial Advisors in New York City 2020: Fees and Services

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone and is not intended to be a source of investment advice. It may not have not been reviewed, commissioned or otherwise endorsed by any of our network partners or the Investment company.

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Choosing a financial advisor in New York City can be difficult given the sheer number of financial advisors in the Big Apple. Narrowing down your options to the right financial advisor for you largely comes down to understanding your financial needs and goals and how much you’re willing to spend.

Still, we understand that comparing firms and data points can be as overwhelming as navigating the subway during rush hour, so we compiled the most pertinent information to help guide your decision. To determine the best advisors in New York City, we solely looked at firms that manage individual accounts and offer financial planning services. We then ranked these firms according to assets under management (AUM), which serves as a general metric for the firm’s size, and client-to-advisor ratio, which indicates how much attention you may get as a client.

Our ranking does not necessarily indicate which firm may be the best choice for you, but it can make your shopping experience easier. Take a look at our list below for the top firms in New York City and their key highlights:

10 best financial advisors in New York City

Methodology and criteria

For our search, we looked at firms across New York City. All of the firms considered are bound by fiduciary duty, registered with the U.S. Securities and Exchange Commission (SEC) and offer individual account management and financial planning services.

The firms that met this criteria were ranked based on their AUM and client-to-advisor ratio. These criteria are weighted equally in our scoring metrics. Firms with a higher AUM and lower client-to-advisor ratios garner higher scores. Our ranking system is designed to help compare firms but does not indicate which firm may be best for you.

In our reviews, we’ve listed several other key features that will help you determine which financial advisor is most fitting for your investing style and financial needs. It is important to note that we did not include disciplinary disclosures as a metric for our ranking. We have listed any disciplinary disclosures current as of November 13, 2020, but urge you to evaluate these firms on https://adviserinfo.sec.gov/.

1. Silvercrest Asset Management Group LLC

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  • Minimum assets required: Not specified
  • AUM: $25,070,080,215
  • Individual investor to advisor ratio: 19:1
  • Fee structure:
    • A percentage of AUM
    • Fixed fees
    • Performance-based fees
  • Firm phone number: (212) 649-0600
  • Headquarters address:
    1330 Avenue of the Americas, 38th Floor
    New York, NY 10019

About Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC was founded in 2001 as a firm focused on serving the needs of the ultra wealthy, as well as some institutional investors. Though it does not specify an account minimum requirement, all of the individual investors the firm serves are considered high net worth individuals, which the SEC defines as those with at least $750,000 under management or a net worth of at least $1.5 million. Services offered by Silvercrest include asset management and family office services.

Headquartered in New York City with seven other office locations in the U.S., the firm is a wholly-owned subsidiary of Silvercrest L.P., which is a general partner with a publicly traded C corporation, Silvercrest Asset Management Group Inc.

Silvercrest Asset Management Group LLC investing strategy

Clients of Silvercrest Asset Management will generally have one of three types of portfolios: equity, fixed income or balanced. Portfolios are tailored based on clients’ unique needs, and portfolio managers may use additional objectives and guidelines specific to each client portfolio.

The firm divides its employees into teams, depending on the type of investment, which include equity, fixed income or outsourced investments. Clients also have opportunities for alternative investments, as Silvercrest acts as an advisor to certain of the alternative investment products, including a private fund and funds of funds. Silvercrest Asset Management Group uses in-house proprietary investment capabilities and strategies aimed at delivering quality-oriented, value-based and disciplined investing for its clients.

Silvercrest Asset Management Group LLC disciplinary disclosures

Silvercrest Asset Management Group does not have any disciplinary disclosures to report. Firms registered with the SEC are required to report information that would be material to clients evaluating the firm, including any civil, criminal or regulatory events involving the firm, its employees or its affiliates from within the past 10 years.

For more information on Silvercrest Asset Management Group, visit the firm’s Investment Advisor Public Disclosure (IAPD) page.

2. Cerity Partners LLC

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  • Minimum assets required: $2 million
  • AUM: $24,682,540,139
  • Individual investor to advisor ratio: 24:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
    • Performance-based fees
  • Firm phone number: (212) 850-4260
  • Headquarters address:
    335 Madison Avenue, 23rd Floor
    New York, NY 10017

About Cerity Partners LLC

Cerity Partners, formed in 2009, is headquartered in New York City with additional offices in Texas, California, Ohio, Michigan, Illinois and Colorado. The firm primarily offers comprehensive financial management to wealthy individuals, businesses and nonprofits, with a typical minimum account requirement of $2 million. Services offered by Cerity Partners include investment advisory, wealth planning, tax preparation and planning, executive financial counseling and retirement plan services.

Cerity Partners is owned by a holding company that is in turn owned by an investment fund, Lightyear Fund, which is advised by an affiliate of the registered investment advisor, Lightyear Capital LLC.

Cerity Partners LLC investing strategy

Advisors at Cerity Partners create asset allocation strategies for each of their clients. Strategies are grounded in Modern Portfolio Theory, which upholds the idea that broad diversification across asset classes spreads risk in the event of changing economic conditions.

To help clients better understand their risk tolerance, Cerity Partners aligns them with one of five investment risk profiles — conservative, moderate, balanced, growth and aggressive — that then help shape portfolios. The firm uses the following six major asset classes for investing: cash and cash equivalents, global fixed income, global equity, real return, hedge funds and private equity, with 16 additional subcategories nesting within these major asset classes.

Additionally, Certify Partners offers the Special Opportunities Strategy, which focuses on three areas of opportunity: macroeconomic opportunities, market technical opportunities and stock specific opportunities. These strategies try to take advantage of short-term opportunities, but they can be volatile and have a high potential for risk. Thus, the firm does not recommend the strategy as a replacement for its regular asset management, but as a possible supplement.

Cerity Partners LLC disciplinary disclosures

Cerity Partners does not have any disclosures to report. When a firm is registered with the SEC, it is required to publicly disclose all disciplinary information, including civil, criminal and regulatory infractions. For more information on Cerity Partners, visit the firm’s IAPD page.

3. Rockefeller Capital Management

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  • Minimum assets required: Not specified
  • AUM: $19,101,938,524
  • Individual investor to advisor ratio: 28:1
  • Fee structure:
    • A percentage of AUM
    • Fixed fees
    • Performance-based fees
  • Firm phone number: (212) 549-5100
  • Headquarters address:
    45 Rockefeller Plaza, Fifth Floor
    New York, NY 10111

About Rockefeller Capital Management

Rockefeller Capital Management traces its origins to its namesake, John D. Rockefeller, who established a New York office to manage his family’s investments in 1882. The current iteration of the company was established in 2018. The company is majority owned by Viking Global Investors, a global investment firm.

Services offered by Rockefeller Capital Management include asset management, strategic advisory and family office service. The firm works with a variety of client types, including individuals (both high net worth and not), businesses, foundations and more.

Rockefeller Capital Management has six additional offices beyond its New York City headquarters, including an additional New York office in Saratoga Springs, as well as locations in the District of Columbia, Pennsylvania, Massachusetts and Connecticut.

Rockefeller Capital Management investing strategy

Rockefeller Capital Management highlights two main strategies: equity and fixed income. Each strategy also includes dedicated environmental, social and governance (ESG) offerings for investors who are interested in impact investing.

The firm emphasizes using a long-term investment horizon and fundamental research, which is focused on finding the intrinsic value of a company to determine fair market value.

Rockefeller Capital Management disciplinary disclosures

Rockefeller Capital Management has not had any legal or disciplinary events in the last 10 years. SEC-registered investment advisories must report events material to the evaluation of the firm’s integrity on public brochures filed online for current and potential client review. This may include any civil, criminal or regulatory events involving the firm or its employees or affiliates.

For more information, visit Rockefeller Capital Management’s IAPD page.

4. BBR Partners, LLC

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  • Minimum assets required: $20 million
  • AUM: $17,886,900,000
  • Individual investor to advisor ratio: 19:1
  • Fee structure:
    • A percentage of AUM
    • Fixed fees
    • Performance-based fees
  • Firm phone number: (212) 313-9870
  • Headquarters address:
    140 East 45th Street, 26th Floor
    New York, NY 10017

About BBR Partners, LLC

BBR Partners became a registered investment advisor in 2000. Headquartered in New York City, with additional offices in San Francisco, Chicago and Charlestown, Mass., BBR Partners provides investment advisory services to wealthy families and individuals, as well as trusts, estates, charitable organizations, family partnerships and foundations. Notably, the firm generally requires a minimum investment of $20 million, though its client base currently does include some individual investors who do not qualify as high net worth.

BBR Partners is owned by a holding company that is controlled by the co-CEOs of the firm, Brett Barth and Evan Roth.

BBR Partners, LLC investing strategy

BBR Partners uses what’s known as fundamental investment strategies to build client portfolios. These strategies include the following, though the first three listed below are its primary strategies:

  • Long term purchases (securities held for a year or more)
  • Short term purchases (securities sold in a year or less)
  • Trading (securities sold in 30 days or less)
  • Short sales
  • Margin transactions (borrowed assets used to purchase financial instruments)
  • Options

Advisors at BBR Partners work with clients to create a specific asset allocation plan based on their financial objectives and wealth management needs. The firm mainly allocates client assets among equity and fixed income accounts overseen by third-party investment managers, as well as mutual funds, ETFs and private investment funds, including those created and overseen by BBR Partners.

BBR Partners, LLC disciplinary disclosures

The firm has no disciplinary events to disclose. All firms registered with the SEC are required to report any legal, civil judicial or criminal incidents regarding the firm or associated employees in their Form ADV paperwork filed with the SEC. To view that paperwork and learn more about BBR Partners, visit the firm’s IAPD page.

5. Tiedemann Advisors, LLC

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  • Minimum assets required: Not specified
  • AUM: $17,318,958,800
  • Individual investor to advisor ratio: 5:1
  • Fee structure:
    • A percentage of
    • Fixed fees
  • Firm phone number: (212) 396-5900
  • Headquarters address:
    520 Madison Avenue
    New York, NY, 10022

About Tiedemann Advisors, LLC

Tiedemann Advisors, LLC was formed in 2007, growing out of Tiedemann Trust Company, which was founded in 1999 by the late Carl Tiedemann. Before founding his business, Tiedemann worked on Wall Street for years and served as a governor of the American Stock Exchange from 1969 to 1972.

The firm is an independent investment and wealth advisor serving high net worth individuals (notably none of its current individual clients qualify as high net worth), as well as trusts, foundations and endowments. Additionally, the firm manages or advises a number of private investment funds that it may recommend to its clients.

Headquartered in New York City, the firm has additional offices in California, Colorado, Delaware, District of Columbia, Florida, Maryland, Oregon, Texas and Washington. Tiedemann Advisors is owned by Tiedemann Wealth Management Holdings, LLC.

Tiedemann Advisors, LLC investing strategy

Financial advisors at Tiedemann Advisors are focused on avoiding permanent loss of capital. The firm values diversified portfolios, spreading assets across risk factors, geographies and classes. Tiedemann Advisors generally uses what’s known as a “manager of managers” approach, which means the firm will source and select third-party investment managers to service your portfolio.

Tiedemann Advisors describes its research as starting with an evaluation of macroeconomic trends, and then moving on to several types of analysis. Clients have the option to choose impact investing, with offerings including environment, social and governance strategies (ESG), values-aligned strategies and private impact strategies. The firm also has private investment funds available to clients.

Tiedemann Advisors, LLC disciplinary disclosures

Firms registered with the SEC are required to disclose disciplinary events that would be material to a client’s evaluation of the firm. Tiedemann Advisors does not have any such information to disclose involving either the firm or its affiliates or employees from within the last 10 years. For more information on Tiedemann Advisors, visit the firm’s IAPD page.

6. Summit Rock Advisors, LP

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  • Minimum assets required: $100 million
  • AUM: $15,799,443,011
  • Individual investor to advisor ratio: 1:1
  • Fee structure:
    • A percentage of AUM
    • Fixed fees
    • Performance-based fees
    • Other (based on a client’s assets under supervision)
  • Firm phone number: (212) 993-7150
  • Headquarters address:
    9 West 57th Street, 12th Floor
    New York, NY 10019

About Summit Rock Advisors, LP

Founded in 2007 by David Dechman and Nancy Donohue, Summit Rock Advisors, LP is an exclusive, independent advisory firm serving select clients who have over $100 million in investable assets. The firm offers financial advice and portfolio management to U.S.-based families and charitable institutions.

Dechman, the firm’s current CEO, and Donohue, chief investment strategist, remain the primary owners of the company. Summit Rock Advisors is located in New York City and has no additional offices.

Summit Rock Advisors, LP investing strategy

Each client of Summit Rock Advisors has a customized asset allocation plan that is based on their financial situation. Factors that influence portfolio construction can include risk tolerance, time horizon, tax position and liquidity requirements, among others.

Many Summit Rock Advisors clients hope to preserve their capital and reduce volatility; the firm approaches this objective by using diversification across geography, sector, manager and more. Summit Rock Advisors also offers SRA portfolios, which are privately-pooled investment vehicles generally exclusively available to clients of the firm.

Summit Rock Advisors, LP disciplinary disclosures

Registered financial advisory firms are required by the SEC to disclose legal and disciplinary events material to a client’s evaluation of the advisory business or management integrity in their Form ADV paperwork. Summit Rock Advisors does not have any applicable events to disclose. For further information on the firm and to view its Form ADV, visit the firm’s IAPD page.

7. Evercore Wealth Management, LLC

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  • Minimum assets required: Not specified
  • AUM: $9,196,873,340
  • Individual investor to advisor ratio: 12:1
  • Fee structure:
    • A percentage of AUM
    • Fixed fees
    • Other (intercompany arrangements)
  • Firm phone number: (212) 822-7620
  • Headquarters address:
    55 East 52nd Street, 23rd Floor
    New York, NY 10055

About Evercore Wealth Management, LLC

Evercore Wealth Management, LLC provides investment advisory services to individuals, foundations and endowments located in the U.S. It can also provide financial planning, investment consulting and educational services. Though Evercore does not specify an account minimum requirement, the majority of the individual investors it serves qualify as high net worth.

The firm was founded in 2008 and operates primarily out of its New York City-based office, with four other offices located in San Francisco; Minneapolis; Tampa, Fla.; and West Palm Beach, Fla. Evercore Wealth Management is part of Evercore Inc., a publicly traded financial services firm.

Evercore Wealth Management, LLC investing strategy

Advisors at Evercore Wealth Management build custom portfolios for clients that emphasize after-fee, after-tax, risk-adjusted returns. The firm relies on an investment platform called Efficient Architecture® that helps with determining global asset allocation, using a wide range of asset classes including cash, defensive assets, credit strategies, diversified market strategies, growth assets and illiquid assets.

What assets your portfolio will include and in which amounts, will depend on your goals and other factors, such as your liquidity needs, risk tolerance and tax considerations.

Evercore Wealth Management, LLC disciplinary disclosures

Evercore Wealth Management does not have any legal, criminal or civil judicial events to disclose. Financial advisory firms registered with the SEC must report any facts material to the business’s integrity for client evaluation in firm materials, such as their brochure or Form ADV. For more information on Evercore Wealth Management, visit its IAPD page.

8. Summit Trail Advisors, LLC

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  • Minimum assets required: None, though some strategies may require a minimum
  • AUM: $8,841,791,870
  • Individual investor to advisor ratio: 35:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: (212) 812-7010
  • Headquarters address:
    140 E 45th Street, 28th Floor
    New York, NY 10017

About Summit Trail Advisors, LLC

Summit Trail Advisors, LLC is an independent financial advisory company that serves individuals, high net worth individuals, businesses, trusts, estates, charitable organizations and pension and profit-sharing plans. Services offered by Summit Trail Advisors include investment advisory services, family office services, financial planning and consulting services.

The firm was formed in 2015 and is owned by Summit Trails Holdings LLC. The firm’s headquarters are in New York City, and it has additional offices in Chicago, San Francisco, Boston, Seattle, Harrisburg, Pa., and Chevy Chase, Md.

Summit Trail Advisors, LLC investing strategy

Summit Trail Advisors categorizes asset classes into three groups: growth, preservation and inflation hedging. Each category has its own risk and value and inherent purpose; advisors at the firm use these categories to help align a client’s objectives for their portfolio with an allocation strategy.

The firm uses what’s called open architecture when creating client portfolios. This means that rather than choosing individual securities, Summit Trail Advisors will select specialists in each asset class to then focus their research on a specific area. Most portfolios will consist of a combination of mutual funds, ETFs, separate accounts and limited partnerships.

Summit Trail Advisors, LLC disciplinary disclosures

Summit Trail Advisors has not been involved in any events requiring disclosure. SEC-registered investment advisors are required to report disciplinary actions — including any civil, criminal or regulatory events involving the firm, its employees or its affiliates — in their Form ADV paperwork. For more information on Summit Trail Advisors, you can visit the firm’s IAPD page.

9. TAG Associates LLC

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  • Minimum assets required: Not specified, but minimum annual fee of at least $100,000
  • AUM: $8,349,620,000
  • Individual investor to advisor ratio: 4:1
  • Fee structure:
    • A percentage of AUM
    • Fixed fees
    • Performance-based fees
  • Firm phone number: (212) 275?1500
  • Headquarters address:
    810 Seventh Avenue, 7th Floor
    New York, NY 10019?5890

About TAG Associates LLC

TAG Associates LLC was founded in 1983 and is a boutique independent investment advisory firm that primarily caters to high net worth individuals and families, as well as institutional investors, such as trusts, estates, endowments and pension and profit-sharing plans.

Services offered by the firm include portfolio management and family office services. TAG Associates is headquartered and operated in New York City and is privately owned by TAG Associates Holding LLC, which is owned by the firm’s chairman, Gary Fuhrman.

TAG Associates LLC investing strategy

Advisors at TAG Associates use both active and passive portfolio management. The former is when an investment manager makes decisions in an effort to outperform the market, while the latter focuses on trying to match the performance of an index rather than beat it.

TAG Associates emphasizes using opportunistic and tactical ideas when investing, meaning it focuses on strategies that take advantage of market events. The firm aims for absolute return, which means seeking a positive return regardless of market fluctuations. Tax impacts are taken into account when investing as well as the potential of illiquid (less easily convertible to cash) investments to achieve a higher return.

Advisors at the firm also use alternative investments in an attempt to generate additional return, smooth volatility, hedge risk and deliver better returns through investing in assets that may not reflect true market value.

TAG Associates LLC disciplinary disclosures

TAG Associates does not have any disclosures to report, meaning the firm has a clean disciplinary record. Financial advisory firms registered with the SEC are required to report their disciplinary history on their Form ADV paperwork to provide transparency for prospective or current clients evaluating the firm. For more information on the firm, view its IAPD page.

10. Williams Jones Wealth Management, LLC

Find an Advisor

  • Minimum assets required: $1 million
  • AUM: $8,157,666,074
  • Individual investor to advisor ratio: 80:1
  • Fee structure:
    • A percentage of AUM
  • Firm phone number: (212) 935-8750
  • Headquarters address:
    717 Fifth Ave., 11th Floor
    New York, New York 10022

About Williams Jones Wealth Management, LLC

Founded in 1988, William Jones Wealth Management, LLC serves individuals who are and are not considered high net worth per the SEC’s definition, as well as retirement plans, institutions, trusts, estates and nonprofits. The firm, which generally requires an account size of at least $1 million, offers services including portfolio management, financial planning, private investment funds, retirement account advice and lending.

The firm has two offices: its headquarters located in New York City and a second office in Palm Beach, Fla. William Jones Wealth Management is owned by Focus Financial Partners Inc., a publicly traded company that has an advisor network with 60 affiliates.

Williams Jones Wealth Management, LLC investing strategy

Clients of William Jones Wealth Management generally have portfolios consisting of stocks, bonds, bond funds, mutual funds, ETFs and private investment funds. The firm targets long-term growth through proper asset allocation. In addition, William Jones Wealth Management’s investment process includes equity management, fixed income management and hedge funds.

Client portfolios are based on their financial goals and concerns, such as income requirements, tax status, risk tolerance and growth goals.

Williams Jones Wealth Management, LLC disciplinary disclosures

Williams Jones Wealth Management does not have any disciplinary actions to report. Registered financial advisory firms must disclose facts material to the evaluation of the firm’s integrity for clients and potential clients to review. This includes any civil, criminal or regulatory events within the last decade involving the firm or its employees or affiliates. For more information, visit Williams Jones Wealth Management’s IAPD page.

Financial advisors in New York City: FAQ

New York City residents are subject to both a state income tax as well as a personal income tax. The tax rate is segmented by income brackets, with higher tax rates for higher income earners. New York state also has estate taxes for residents and nonresidents with real or tangible property located in New York. Residents may also be subject to federal estate tax.

Not necessarily. While many, if not most, financial advisor firms offer retirement planning as a keystone service, some firms are more concerned with wealth management or family office services or are solely focused on portfolio management. If retirement planning is a priority, you will want to ask if your financial advisor offers the service and how experienced they are in providing it to ensure you end up working with an advisor who meets your needs.

Not exactly. Free financial advice and counseling, mainly targeting debt management and basic financial skills and taxes, is offered by a number of organizations, such as the city’s Financial Empowerment Center and Financial Coaching Corps of the Community Service Society of New York. That being said, free financial services generally do not include investment management or advice concerning brokerage accounts, which are two key areas for financial advisors. Most financial advisors work for a fee based on a percentage of assets under management or a flat rate.

As mentioned above, all of the NYC firms on this list are bound by fiduciary duty, which means advisors have to work in the best interests of their clients. If you find a New York City-based financial advisor you’d like to work with that is not on this list, you can ask them if they are a fiduciary. In general, all registered investment advisors must abide by fiduciary duty.

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Best Financial Advisors in Charlotte 2020: Fees and Services

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone and is not intended to be a source of investment advice. It may not have not been reviewed, commissioned or otherwise endorsed by any of our network partners or the Investment company.

Written By

Reviewed By

If you’re on the hunt for a financial advisor in Charlotte, we’re here to help you sift through the myriad options in the Queen City, the largest city in North Carolina. Finding the right advisor comes down to figuring out what your personal financial situation requires, which means understanding your financial needs and goals and how much you’re willing to spend.

Beyond that, you’ll also need to compare different firms and their key data points, which can feel like a daunting undertaking. We’ve compiled the most pertinent information to help guide your decision. To determine the best advisors in Charlotte, we only considered firms that manage individual accounts and offer financial planning services. We then ranked these firms based on assets under management (AUM) (which serves as a general metric for the firm’s size) and client-to-advisor ratio (which indicates how much attention you may get as a client).

While our ranking is not indicative of which firm may be the best for you, it can make your experience of shopping for a financial advisor easier. Take a look at our list below for the top firms in Charlotte and their key highlights:

8 best financial advisor in Charlotte

Methodology and criteria

For our search, we looked at firms across the city of Charlotte. All of the firms considered are bound by fiduciary duty, registered with the U.S. Securities and Exchange Commission (SEC) and offer individual account management and financial planning services.

The firms that met this criteria were ranked based on their AUM and client-to-advisor ratio. These criteria are weighted equally in our scoring metrics. Firms with a higher AUM and lower client-to-advisor ratios garner higher scores. Our ranking system is designed to help compare firms but does not indicate which firm may be best for you.

In our reviews, we’ve listed several other key features that will help you determine which financial advisor is most fitting for your investing style and financial needs. It is important to note that we did not include disciplinary disclosures as a metric for our ranking. We have listed any disciplinary disclosures current as of November 13, 2020, but urge you to evaluate these firms on https://adviserinfo.sec.gov/.

1. Aon Hewitt Financial Advisors, LLC

Find an Advisor

  • Minimum assets required: Not specified
  • AUM: $28,697,854,720
  • Individual investor to advisor ratio: 4631:1
  • Fee structure:
    • A percentage of AUM
    • Fixed fees
    • Other (set-up fees and related services)
  • Firm phone number: (866) 560-7256
  • Headquarters address:
    7201 University Oaks Drive, Charlotte, NC 28262

About Aon Hewitt Financial Advisors, LLC

Aon Hewitt Financial Advisors, LLC offers advisory and related services to participants in employer-sponsored, defined contribution plans for their plan accounts (such as 401(k) plans) and for retirement accounts outside the plans. The firm provides participants of client employer-sponsored plans with services including retirement evaluation, portfolio monitoring and online advice.

Headquartered in Charlotte, the company was incorporated in 2011 and is a subsidiary of Alight Solutions, a provider of cloud-based HR and financial solutions and benefits administration. Alight Solutions is an indirect subsidiary of Blackstone. While Aon Hewitt Financial Advisors’ only office location is in North Carolina, it is registered in every state except Wyoming, plus Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

Aon Hewitt Financial Advisors, LLC investing strategy

Aon Hewitt Financial Advisors uses proprietary software and methodology from the financial advisory firm Financial Engines Advisors to formulate target allocations for its participants.

Financial Engines Advisors’ investment philosophy recommends diversified portfolios with a range of asset classes and market sectors, balancing holdings between those that are cost-effective and those that may offer added return. The firm’s philosophy also emphasizes longer-term investment strategies, strategic reallocation of assets (depending on a client’s goals, time frames and other particulars) and periodic portfolio rebalancing.

As a client, your investment objectives, risk tolerance and financial circumstances will inform your portfolio creation, including what securities are available for investment as well as your expected returns. The firm also takes into consideration the tax efficiency of investments in taxable accounts.

Aon Hewitt Financial Advisors, LLC disciplinary disclosures

Investment advisory firms registered with the SEC are required to disclose criminal, civil judicial and regulatory infractions involving the firm or its affiliates in company materials available to clients. Aon Hewitt Financial Advisors does not have any recorded disclosures itself, but one of its former advisory affiliates does: In 2008, FINRA fined Hewitt Financial Services (a firm that is no longer registered with the SEC) $8,500 for failing to prepare accurate books and records in regards to net capital computations.

For more information, refer to the firm’s Investment Advisor Public Disclosure (IAPD) page.

2. Independent Advisor Alliance, LLC

Find an Advisor

  • Minimum assets required: Varies by account type
  • AUM: $5,870,908,960
  • Individual investor to advisor ratio: 99:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: (888) 430-1555
  • Headquarters address:
    11215 N. Community Road, Suite 775
    Charlotte, NC 28277

About Independent Advisor Alliance, LLC

Independent Advisory Alliance is a fee-only investment advisory firm that was founded in 2013 by Robert Russo, the firm’s owner and CEO. The company offers clients — who typically are individuals, trusts, estates or small businesses — asset management, retirement and financial planning services.

Headquartered in Charlotte, the firm has a network of affiliated advisory representatives across 24 states, with over 130 office locations in total.

Independent Advisor Alliance, LLC investing strategy

There is no unified investing strategy for advisors under the Independent Advisor Alliance hub. The advisory firm recommends that clients ask their advisor to find out more about their investment management style, as it will vary between advisors.

Generally speaking, however, an investment advisor will construct your account using a diversified asset allocation mix, which may include mutual funds (such as index funds, international funds, emerging market funds, real estate funds, high yield bond funds), ETFs, variable annuity subaccounts, alternative investments, hedge funds, REITs and individual stocks and bonds. Your portfolio will be informed by your time horizon, risk tolerance and financial goals and objectives, as well as your financial circumstances.

The typical investment objectives that Independent Advisor Alliance focuses on are:

  • income with capital preservation
  • income with moderate growth
  • growth with income
  • growth
  • aggressive growth

The firm will make its asset allocation decisions based on one of these guiding objectives, as well as the client’s preferences and situation.

Independent Advisor Alliance, LLC disciplinary disclosures

This financial advisory firm does not have any disclosures to report. Firms registered with the SEC are required to detail disciplinary, criminal and regulatory actions taken against the company in client-facing filings and brochures. For more information, visit Independent Advisor Alliance’s IAPD page.

3. Carroll Financial Associates, Inc.

Find an Advisor

  • Minimum assets required: Varies by account type
  • AUM: $3,486,027,227
  • Individual investor to advisor ratio: 112:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: (704) 553-8006
  • Headquarters address:
    4521 Sharon Road, Suite 400
    Charlotte, North Carolina 28211

About Carroll Financial Associates, Inc.

Carroll Financial Associates, Inc. was founded in 1980 by Larry Carroll, currently the firm’s CEO and chief wealth strategist. The independent financial planning and wealth management firm is principally owned by its chief investment officer, Kristopher Carroll.

Carroll Financial Associates serves individuals, pension and profit-sharing plans, 401(k) plans, self-directed participant accounts in ERISA plans, corporations, trusts, estates and charitable and non-profit organizations. Services offered include retirement planning, investment management, estate planning, transition planning, elder care planning, college planning and 401(k) advice. The firm also tailors services such as insurance and 401(k)s for physician clients.

The firm has two offices located in North Carolina — its Charlotte headquarters, and another in Raleigh. It also has an office in Rock Hill, S.C.

Carroll Financial Associates, Inc. investing strategy

Carroll Financial Associates’ investment approach focuses on the importance of five core principles: simplicity, risk, income, diversification and price. The firm uses seven different investment allocation models for client accounts, each with a different focus depending on a client’s financial objectives and circumstances. The model names correspond with the strategy, with the following models currently offered:

  • Growth
  • Total return
  • Income and growth
  • Income
  • Risk controlled
  • Tactical
  • Conservative income

In general, the firm creates portfolios that may include mutual funds, ETFs, common and preferred stocks, U.S. government securities and corporate and municipal bonds, among other investments.

Carroll Financial Associates, Inc. disciplinary disclosures

Carroll Financial Associates does not have any disclosures on record to report. Investment advisory firms registered with the SEC are required to report regulatory, criminal, and civil judicial infractions. You can get more information on the firm by visiting its IAPD page.

4. Bragg Financial Advisors, Inc.

Find an Advisor

  • Minimum assets required: Varies by account type
  • AUM: $1,775,499,964
  • Individual investor to advisor ratio: 109:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: (704) 377-0261
  • Headquarters address:
    1031 S. Caldwell Street, Suite 200
    Charlotte, NC 28203

About Bragg Financial Advisors, Inc.

Bragg Financial Advisors, Inc. registered with the SEC in 2000, though the firm was started much earlier than that (in 1964) by J. Frank Bragg, Jr., and later grew to include financial planning and corporate benefit plans in the 1970s and 1980s. Bragg now serves as the firm’s chairman emeritus, and his three sons and son-in-law serve in leadership positions, including CEO and vice president.

Today, Bragg Financial Advisors offers advisory services including wealth advisory, family office services and portfolio management. The firm’s clients are individuals both with and without a high net worth (defined by the SEC as at least $750,000 in management or a net worth of at least $1.5 million), investment companies (including mutual funds), pension and profit-sharing plans, charitable organizations and institutions.

Bragg Financial Advisors is owned by the Bragg family, as well as the firm’s chief operations officer Steven Scruggs and Katherine Scruggs (née Bragg). The firm’s only office is located in Charlotte.

Bragg Financial Advisors, Inc. investing strategy

Advisors at Bragg Financial Advisors believe in Modern Portfolio Theory — a philosophy that emphasizes portfolio asset diversification — and following a disciplined investment approach grounded in academic research. The firm claims to remove emotion from the investment decision process and embraces an investing philosophy that places an emphasis on diversification, long-term holding periods, fundamental analysis and risk-adjusted returns.

Client portfolios generally include individual securities, indexed and actively managed mutual funds and ETFs, though the exact makeup will depend on the client’s financial objectives and other factors.

Bragg Financial Advisors, Inc. disciplinary disclosures

Bragg Financial Advisors does not have any reportable disciplinary events to disclose. If a firm has incurred an infraction — defined by the SEC as any regulatory, disciplinary, or civil judicial event involving either the firm or an affiliate — it is required to disclose details in business materials, including client-facing brochures. For further information on Bragg Financial Advisors, you can visit its IAPD page.

5. Colony Family Offices, LLC

Find an Advisor

  • Minimum assets required: $10,000,000
  • AUM: $1,774,103,067
  • Individual investor to advisor ratio: 70:1
  • Fee structure:
    • A percentage of AUM
    • Fixed fees
  • Firm phone number: (704) 285-7300
  • Headquarters address:
    4250 Congress Street, Suite 175
    Charlotte, NC 28209

About Colony Family Offices, LLC

Colony Family Offices, LLC is an independent financial advisory company that was established in 2013. Eric Ridenour serves as the firm’s managing director and shares majority ownership of the firm with its chief investment strategist and another individual.

Colony Family Offices’ business is focused on serving wealthy families, and the firm currently provides services solely to high net worth individuals (defined by the SEC as those with at least $750,000 in assets under management or $1.5 million in net worth) and charitable trusts. Families generally are required to make a minimum collective investment of at least $10 million.

Colony Family Offices specializes in wealth management areas that include financial planning, investment advisory services, tax planning, education planning, philanthropic planning, operations and risk management. The firm is headquartered in Charlotte and has a second office in Chapel Hill, N.C.

Colony Family Offices, LLC investing strategy

Colony Family Offices builds custom portfolios for its clients, noting that they are focused on real wealth and purchasing power. The types of investments used in client portfolios can include separately managed accounts, ETFs, mutual funds and private funds, such as hedge funds, private equity and venture capital. In addition to diversifying across multiple factors, the firm uses passive, index-like strategies (which aim to achieve low-cost and tax-efficient exposure) in tandem with active management and alternative strategies.

The firm’s strategies include long-term and short-term purchases, margin transactions (buying more stock than you’d normally be able to by borrowing money from a broker) and option writing (an investment contract for the right to buy or sell shares at a future price and date).

Clients should be aware that Colony Family Offices pays another registered investment advisor, Greycourt & Co., Inc., to assist in research, manager due diligence and asset allocation analysis, though this is not an uncommon practice for investment advisors.

Colony Family Offices, LLC disciplinary disclosures

Colony Family Offices does not have any disclosures to report. The SEC requires registered investment advisory firms to detail any regulatory, criminal or civil judicial events from the last 10 years involving either the firm or its employees or affiliates in the Form ADV paperwork that registered firms must file with the SEC. For further information on the firm, visit its IAPD page.

6. Carolinas Wealth Consulting, LLC

Find an Advisor

  • Minimum assets required: $100,000
  • AUM: $1,481,137,154
  • Individual investor to advisor ratio: 38:1
  • Fee structure:
    • A percentage of AUM
    • Fixed fees
  • Firm phone number: (704) 643-2455
  • Headquarters address:
    5605 Carnegie Boulevard, Suite 400
    Charlotte, NC 28209

About Carolinas Wealth Consulting, LLC

Carolinas Wealth Consulting was established in 2018 by George Edmiston, Jr., the firm’s CEO and majority owner. Previously, Edmiston founded an affiliated company, Carolinas Investment Consulting, LLC, in 2001; Carolinas Wealth Consulting is affiliated under common ownership and control with Carolinas Investment Consulting and the firm’s website uses the latter’s name for business.

Carolinas Wealth Consulting provides individuals with investment advisory services. New clients must have at least $100,000 to invest to engage the firm’s services. In addition to individuals who both are and aren’t considered high net worth per the SEC’s definition, Carolinas Wealth Consulting provides services to pension and profit-sharing plans, charitable institutions, foundations, endowments, estates, trusts, corporations and business entities.

The firm operates out of one office, located in Charlotte.

Carolinas Wealth Consulting, LLC investing strategy

Advisors at Carolinas Wealth Consulting believe in the following investing tenets, which guides its approach to portfolio management:

  • Long-term investing: The firm sets a long-term asset allocation for each client that guides decisions.
  • Risk management: The firm defines risk as the permanent loss of capital, and thus focuses on minimizing downside risk.
  • Endowment approach: The firm believes in a total return approach for investing, and believes that families benefit from creating a spending policy and receiving gains from both income and capital appreciation.
  • Objective advice: The firm emphasizes that it does not sell proprietary products or have affiliations that could sway its objectivity in making decisions for client portfolios.

Clients of Carolinas Wealth Consulting have a variety of options for account management. The firm offers wrap fee programs (which bundle all costs into a single, comprehensive fee) that are either sponsored and managed by Fidelity or administered through Fidelity or Schwab but managed by Carolinas Wealth Consulting. Non-wrap managed account programs that are administered through Schwab Advisor Services are also available.

As a client of Carolinas Wealth Consulting, your advisor will discuss your financial goals, as well as your demographic and financial information, to assess your risk profile. Your investment objectives will also help inform the plan for your assets; portfolios generally include long- or short-term trading of stock portfolios, including ETFs, mutual funds, fixed income securities and options.

Carolinas Wealth Consulting LLC disciplinary disclosures

Financial advisory firms registered with the SEC are required to report any regulatory, criminal and civil judicial incidents from within the last decade that involve either the firm or its employees or affiliates in their Form ADV paperwork filed with the SEC. Carolinas Wealth Consulting has no such disclosures to report, meaning it has a clean disciplinary record. For more information, visit the firm’s IAPD page.

7. Novare Capital Management

Find an Advisor

  • Minimum assets required: $500,000
  • AUM: $1,162,797,006
  • Individual investor to advisor ratio: 39:1
  • Fee structure:
    • A percentage of AUM
  • Firm phone number: (704) 334-3698
  • Headquarters address:
    521 East Morehead Street, Suite 510
    Charlotte, NC 28202

About Novare Capital Management

Founded in 1999, Novare Capital Management became a registered investment advisor in 2003. The company is primarily owned by two of its managing directors, William Baynard, Jr. and Don Omstead, as well as an LLC, The Baymen Group.

The firm’s clients include individual investors who both are and aren’t considered high net worth individuals, as well as trusts, estates, charitable organizations, businesses, financial institutions and retirement plans. Novare Capital Management, which generally requires a minimum account size of $500,000, offers comprehensive wealth management, which includes investment advisory and financial planning services, as well as retirement plan advisory services.

Novare Capital Management is headquartered in Charlotte and has no other offices.

Novare Capital Management investing strategy

New clients of Novare Capital Management start with a discovery meeting in which advisors work to understand their financial goals, risk tolerance, tax situation, cash needs and other financial information. The information gathered will help direct how their portfolio is constructed. The firm primarily invests clients’ assets in individual stocks and bonds, ETFs, mutual funds, master limited partnerships and preferred stocks and options.

Novare Capital Management uses several strategies for portfolio construction, including core equity, energy infrastructure, ETF and fixed income. It also uses the America’s Finest Companies® strategy, which focuses on investing in equity securities of companies from the proprietary list of America’s Finest Companies® with an emphasis on World-Class Dividend Growers® — simply put, the strategy seeks returns by investing in quality companies that have proven performance.

Novare Capital Management disciplinary disclosures

Novare Capital Management has no disciplinary events to report involving the company or its employees or affiliates. For reference, the SEC requires all registered investment advisors to disclose any incidents in their Form ADV paperwork that may be material to potential or current clients in evaluating the firm. You can learn more about Novare Capital Management by visiting its IAPD page.

8. Linden Thomas Advisory Services, LLC

Find an Advisor

  • Minimum assets required: $400,000
  • AUM: $845,196,492
  • Individual investor to advisor ratio: 166:1
  • Fee structure:
    • A percentage of AUM
    • Hourly charges
    • Fixed fees
  • Firm phone number: (704) 554-8150
  • Headquarters address:
    516 North Tryon Street, Suite 200
    Charlotte, NC 28202

About Linden Thomas Advisory Services, LLC

Linden Thomas Advisory Services, LLC was founded in 2018 by Stephen Thomas, who is the firm’s managing principal and owner. The Charlotte-based firm provides investment advisory services, financial planning and retirement plan services to individuals, businesses, trusts and retirement plans.

The firm prefers to work with those who have accounts of $400,000 or higher — however, though most of its clients are considered high net worth individuals per the SEC’s definition, it does also work with a number of individuals who do not meet that definition.

Linden Thomas Advisory Services, LLC investing strategy

Like many firms, Linden Thomas Advisory Services follows the principles of Modern Portfolio Theory, which advocates building globally diversified portfolios. On the whole, the firm strives to identify opportunities for capital appreciation while mitigating risk, as well as portfolio fees and transactional costs, in order to meet a client’s needs.

The firm builds long-term portfolios that are matched to a client’s needs and financial objectives. Portfolios include a rebalancing strategy and risk mitigation.

Linden Thomas Advisory Services, LLC disciplinary disclosures

Firms registered with the SEC are required to disclose any civil, regulatory or disciplinary events from within the last decade involving the firm, its employees or its affiliates that would be material to a client’s evaluation of the firm. Linden Thomas Advisory Services has no such incidents to report. For more information on the firm, you can visit its IAPD page.

Financial advisors in Charlotte: FAQ

Charlotte does not levy an additional income tax beyond the state rate, and North Carolina does not have estate or inheritance taxes. Estates and trusts are taxed at the rate levied for individual income tax, which is 5.25% as of the 2019 tax year. Residents of the state may also be subject to federal estate and gift taxes.

You won’t find the same exact services offered by every financial advisor firm. Some financial advisory firms do specialize in retirement planning, which you can discover through their client materials, such as their brochures and website. Other financial advisory firms may specialize in financial planning services, such as charitable giving, family office management or other services, or focus primarily on investing. It is important to find an advisor who offers the services you need and is experienced in providing them.

Yes, it is important to work with a fiduciary financial advisor. Fiduciaries must work in their clients’ best interest at all times — in fact, they are legally and ethically bound to do so. Not all financial advisors are fiduciaries, so it is important to ask a financial advisor first whether they abide by fiduciary duty.

A fee-only financial advisor earns compensation solely through the fees their clients pay, which generally are based on a percentage of assets under management. A fee-based financial advisor, on the other hand, can receive compensation from fees paid by their clients as well as from other sources, such as commissions for selling products to clients or making referrals.

Working with a fee-based financial advisor might come with a greater risk of potential conflicts of interest, as the advisor may be incentivized to recommend certain products to you to increase their own earnings.

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Review of Gerstein Fisher

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone and is not intended to be a source of investment advice. It may not have not been reviewed, commissioned or otherwise endorsed by any of our network partners or the Investment company.

Written By

Reviewed By

Gerstein Fisher is a small investment advisory firm of 10 employees headquartered in New York City. The firm, which offers investment management and financial planning, is a part of People’s United Bank, a larger financial services company with banks and advisors across the Northeast.

The advisory arm of the company, People’s United Advisors, which Gerstein Fisher falls under, has over $9.1 billion in assets under management (AUM) and 145 employees on staff. Gerstein Fisher primarily serves individual investors and families but also offers its services to institutions and other investment advisors.

All information included in this profile is accurate as of October 9, 2020. For more information, please consult Gerstein Fisher’s website.

Assets under management: $9,116,996,322
Minimum investment: Varies by account type, starting at $2,000
Fee structure: A percentage of AUM, fixed fees, hourly charges
Headquarters: 565 Fifth Avenue, 27th Floor
New York, NY 10017-2478
https://gersteinfisher.com/
(888) 796-2540 / (800) 473-1155

Overview of Gerstein Fisher

Gerstein Fisher was founded in 1993 by Gregg S. Fisher, the nephew of Ed Gerstein, who started a family-owned tax business in 1978. Fisher is known in the investing world as being one of the first investment managers to offer factor investing, an approach that uses quantitative data to tilt equity portfolios to target higher returns. In 2016, the firm was acquired by People’s Securities, Inc., a subsidiary of People’s United Bank, a diversified financial services company with about 400 retail locations in the Northeast.

Gerstein Fisher has 10 employees performing investment advisory functions in its New York City office. This is a small part of the larger team at People’s United Advisors, a subsidiary of People’s United Bank of which Gerstein Fisher is a part, which has 115 employees who perform investment advisory functions at offices around the Northeast, including the 10 Gerstein Fisher employees in New York.

What types of clients does Gerstein Fisher serve?

Gerstein Fisher’s clients include individuals, business entities, retirement and pension plans, trusts, estates and charitable organizations. The bulk of the firm’s clients are individual investors with less than $750,000 of AUM (meaning they’re not high net worth individuals per the SEC’s definition). The firm does also work with high net worth individuals.

The firm’s minimum investment of just $2,000 for its RealLifePortfolios™ portfolios allows a broader range of investors to use its services. However, access to its investment advisory services requires a minimum investment of $500,000.

Services offered by Gerstein Fisher

Clients of Gerstein Fisher are offered discretionary investment advisory services, meaning the advisor has the authority to make decisions about buying and selling securities on the client’s behalf. This service is offered through customized portfolios for private clients (investors with more than $500,000), or through RealLifePortfolios™, the firm’s robo-advisor option, for clients with between $2,000 and $500,000 to invest. Private clients have investment portfolios that are designed based on their financial situation and goals, while RealLifePortfolios™ clients are assigned a set portfolio based on determined strategies.

The firm also offers financial planning and consulting services (for investment and non-investment related matters) on a negotiable, standalone basis. Additionally, Gerstein Fisher supports investor education through access to a number of financial education resources, such as videos, articles, webinars, events and market commentary.

Below is menu of the services offered by the firm:

  • Investment advisory services (discretionary)
  • Financial planning and consulting services
    • Insurance planning
    • Estate planning
  • Reporting services and investment data storage
  • Investor education

How Gerstein Fisher invests your money

The firm invests with a few core tenets in mind: global diversification, proactive tax management, smart portfolio structure, investor behavior and risk management. These tenets hold true for both private clients and clients using the firm’s robo-advisor option, RealLifePortfolios™.

Gerstein Fisher builds portfolios using a model-based, multi-factor growth equity approach, which is based on arbitrage pricing theory. This approach focuses on risk and behavioral factors for higher returns over the market index while keeping a broad market exposure. Plainly speaking, the firm looks to earn clients more money while keeping portfolios diversified.

While it will depend on a client’s time horizon, financial goals and risk tolerance, portfolios may include equities, fixed income, commodities and international investments.

Fees Gerstein Fisher charges for its services

Gerstein Fisher charges clients based on a percentage of AUM. The fee schedule below outlines the firm’s rates, which are based on the amount of assets a client has under management and the type of account strategy used, with equity and balanced accounts charging higher fees than fixed income accounts.

The firm states that fees are negotiable and that certain clients may be subject to a different fee schedule than the one outlined below. In addition to investment management fees, clients are responsible for brokerage commissions, transaction fees, account maintenance and other fees.

Gerstein Fisher Investment Advisory Services Fee Schedule
Assets Under ManagementEquity and Balanced Account
Strategies: Annual Rate
Fixed Income Account
Strategies: Annual Rate
Initial $2,000,0001.00%0.55%
Next $3,000,0000.70%0.45%
Next $15,000,0000.50%0.35%
Additional amounts over $20,000,0000.35%0.25%

Gerstein Fisher also offers a wrap free program for those with $25,000 or more in AUM. Wrap fee programs provide clients with one bundled fee for advisory and brokerage services. This fee is not inclusive of financial planning or consulting services and may or may not save a client money in aggregate fees. Below is the breakdown of the firm’s wrap fee schedule.

Gerstein Fisher Wrap Fee Schedule
Assets Under ManagementWrap Fee
Initial $500,0001.10%
Next $500,0001.05%
Next $1,000,0001.00%
All assets over $2,000,0000.90%

Clients who wish to engage the firm’s financial planning or consulting services will pay a standalone fee, which ranges from $750 to $10,000 for fixed fee, or $200 to $500 on an hourly basis. A client’s rate will depend on the level and scope of services provided.

Gerstein Fisher’s highlights

  • Low account minimum: With its RealLifePortfolios™ offering, Gerstein Fisher opens its doors to investors with just $2,000 to invest, making it more inclusive than many other investment advisory firms. However, getting a customized portfolio does require a higher minimum investment of $500,000.
  • Competitive fees: Gerstein Fisher’s fees are below the industry average of 1.17% of AUM, as determined by a study by RIA in a Box. Even the firm’s wrap fee, which includes brokerage costs, falls below the industry average at just 1.10% at its highest tier, compared to the industry average of 1.17%.
  • Industry accolades: For five consecutive years, from 2012 to 2016, the firm’s founder, Gregg S. Fisher was named a Barron’s top 100 advisor.
  • No disclosures: The firm has a clear disciplinary track record. See more on this below.

Gerstein Fisher’s downsides

  • Potential conflict of interest: Gerstein Fisher may refer clients to People’s United, the larger financial institution that owns the firm. Gerstein Fisher stands to earn referral fees for passing clients to People’s United, which represents an inherent conflict of interest.
  • Fewer services than other wealth management firms: Comparable firms offer more comprehensive services, such as in-house tax services and family office considerations. Gerstein Fisher, on the other hand, is more narrow in scope. It offers investment management, and financial planning is available as an add-on service.
  • One location: The firm is located in New York City and does not have other offices, which may not make a good option for investors who don’t live in the area and want to meet with their advisor in person. That being said, People’s United Advisors, of which Gerstein Fisher is a part, does have a larger footprint throughout the Northeast. If you are interested in learning more about wealth management firms in New York, we have comprised a list of our top options.

Gerstein Fisher disciplinary disclosures

The larger company of which Gerstein Fisher is a part, People’s United Advisors, reports one disciplinary disclosure on its Form ADV paperwork filed with the SEC. The incident relates to an advisory affiliate against whom a regulatory authority entered an order related to investment activity within the last decade. For more information, visit the firm’s IAPD page.

Gerstein Fisher onboarding process

To start a client relationship with Gerstein Fisher, you can call the office or schedule a meeting through the firm’s contact page. The form asks your name and contact details as well as how much you have to invest.

New clients will work with an advisor to discuss their financial objectives and goals, risk tolerance and time horizon, which will inform their portfolio’s investment management strategy. Private clients (those with more than $500,000 invested) will have access to the client advisory team, while RealLifePortfolios™ clients can access their accounts through an online portal that offers monthly statements and performance details. Private clients also have access to this portal.

Is Gerstein Fisher right for you?

Gerstein Fisher’s low management fees and low minimum account size may make it attractive to a broad range of investment management clients. However, with that broader appeal might come a downside: The firm doesn’t offer the same types of services as wealth management companies that cater to the ultra high net worth crowd. For example, there isn’t a family office or real estate or tax services on the menu of what’s offered.

While the firm’s affiliation with People’s United Bank means it can offer more services and has financial backing beyond itself, clients may find themselves referred to services offered by the larger entity which may or may not result in referral fees for Gerstein Fisher. When searching for a financial advisor, it’s always important to ask questions of the advisor to make sure you understand what services are being offered and what costs are involved.

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