Finding a Top Financial Advisor Firm in Jericho, New York
Finding the right financial advisor to meet your needs can be a challenge. but SmartAsset’s list of the top financial advisor firms in Jericho, New York, can help make your search easier. Below, you’ll find detailed information on each firm, including their account minimums, fee structure, typical clientele and more.
To find more advisors, use SmartAsset's financial advisor matching tool. It will connect you with up to three vetted financial advisors who serve your area. You can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Find a Fiduciary Financial Advisor
We 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 | Opal Wealth Advisors, LLC  Find an Advisor | $633,101,903 | $1,250 minimum quarterly fee |
| Minimum Assets$1,250 minimum quarterly feeFinancial Services
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| 2 | Shelter Rock Management  Find an Advisor | 157,788,005 | $250,000 |
| Minimum Assets$250,000Financial Services
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| 3 | ARS Capital Advisors, Inc.  Find an Advisor | $132,000,000 | $100,000 |
| Minimum Assets$100,000Financial Services
|
What We Use in Our Methodology
To find the top financial advisors in Jericho, 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:
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AUMFirms with more total assets under management are ranked higher. -
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Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher. -
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Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher. -
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Age of FirmFirms that have been in business longer are ranked higher.
All information is obtained through public records and is updated annually after the firms’ form ADV filing. 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. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
Opal Wealth Advisors
Opal Wealth Advisors has advisors who hold a variety of professional designations, including certified financial planner (CFP), chartered financial analyst (CFA) and accredited asset management (AAMS). The firm’s clients are a mix of non-high-net-worth individuals, high-net-worth individuals, retirement plans, charitable organizations and corporations. High-net-worth individuals make up the largest portion of the client base by a slim margin.
While the firm doesn’t have a minimum account size, it does impose a minimum quarterly fee of $1,250. This fee may cause the firm’s services to be cost-prohibitive for individuals with smaller portfolios.
Opal Wealth is a fee-based firm, as certain advisors may earn commissions from overseeing transactions or selling insurance products. This creates the potential for a conflict of interest, but the firm is bound by its fiduciary duty to act in its clients’ best interests.
Opal Wealth Advisors Background
Opal Wealth Advisors is the youngest firm on this list, having first opened its doors in 2018. It’s principally owned by three individuals: Lee Korn, Joseph N. Filosa and Jesse Giordano. The trio has more than 50 years of combined experience in the financial advisor industry.
Service offerings at Opal Wealth Advisors can be split into three main categories: financial planning, wealth management and consulting for retirement plans. Financial planning at the firm can encompass a wide variety of topics, including but not limited to:
- Business planning
- Cash flow forecasting
- Trust and estate planning
- Financial reporting
- Investment consulting
- Insurance planning
- Retirement planning
- Risk management
- Charitable giving
- Distribution planning
- Tax planning
- Manager due diligence
Opal Wealth Advisors Investment Strategy
In general, Opal Wealth Advisors opts for a long-term investment philosophy. Additionally, the firm may use strategic or tactical asset allocation in its management of client portfolios. Strategic asset allocation is the practice of using a client’s investment goals and risk tolerance to inform the combination of asset classes that make up the client’s portfolio. The firm regularly rebalances portfolios to ensure their originally intended asset allocations remain intact.
When constructing clients' portfolios, the firm primarily invests in a mix of mutual funds and exchange-traded funds (ETFs). As part of its wealth management services, Opal may decide to allocate a portion of a client’s assets to the management of an independent money manager.
Shelter Rock Management
Shelter Rock Management is a fee-only firm requiring clients to have at least $250,000 in investable assets. There is one strategy, the strategic income strategy, which requires $1 million. Nearly all of the firm's clients are individuals, more of whom than not have a high-net-worth. There are a few institutional clients including pension/profit sharing plans and corporations.
Advisor fees are based on a percentage of assets under management.
The team at Shelter Rock includes one certified public accountant (CPA).
Shelter Rock Management Background
Shelter Rock was founded in 2006 and is fully owned by Sean Chaitman.
Services include asset allocation, financial services and 401(k) services.
Shelter Rock Management Investment Strategy
There are five investment strategy options at the firm:
- Strategic income
- Conservative allocation
- Equity income
- Select equity
- Custom accounts
ARS Capital Advisors
Though fourth on the list, ARS Capital Advisors has the second-largest client base: more than 380 individual clients, most of whom do not have high net worths. In order to become a client of this firm, you'll likely need at least $100,000 in investable assets. However, the firm may, at its own discretion, accept new clients with less than this requirement.
ARS is fee-based advisory firm, as certain members of its staff can earn commissions for selling specific securities or insurance products. This has the potential to be a conflict of interest, as advisors are incentivized to recommend such transactions. Like all firms on this list, though, ARS is bound by its fiduciary duty, legally obligating it to act in the best interests of its clients.
ARS has two certified financial planners (CFPs) on staff.
ARS Capital Advisors Background
ARS Capital Advisors was formed in 2010 by Anthony R. Spatafore (the firm takes its name from his initials). Before founding this firm, Spatafore provided investment advice via ARS Financial Services, Inc., which he founded in 1982.
Investment management and financial planning are the key service offerings at ARS. The latter can include retirement planning, estate planning and tax planning.
ARS Capital Advisors Investment Strategy
ARS Capital Advisors primarily employs fundamental analysis when analyzing potential investments. This practice involves examining a company or fund’s financial documents, as well the overall economy, in order to gauge the company or fund’s intrinsic value. The firm looks for securities that it believes the market is undervaluing.
When constructing investment portfolios for its clients, ARS Capital Advisors may invest in a mix of the following securities:
- Domestic and foreign equities
- Warrants
- Corporate debt securities
- Certificates of deposit (CDs)
- Municipal and government securities
- Mutual funds
- Exchange traded funds
- Variable life insurance
- Variable annuities
- Options
