In an increasingly complex financial landscape, a financial advisor’s credentials are more important than ever. The top advisors have a securities license and are fiduciaries committed to acting in their client’s best interests. Click the Best Financial Advisors In Oregon to learn more.
They also charge reasonable fees and provide a la carte services that suit your needs. These firms are the best places to start your search.
Verity Partners is a registered investment advisory firm in New York, NY, that offers a range of investment and financial planning services. Its clients include individuals, families, and business owners. The firm uses a holistic approach to financial planning, analyzing a client’s current and future goals to create an individualized plan. They then use this information to create an investment strategy that complements the client’s plan. Founded in 2009, the firm has tens of billions of assets under management. Its services include investment advisory, wealth planning, executive financial counseling, and retirement plan services.
Cerity’s investment advisory fees are based on a combination of asset-based and hourly charges. They may also charge performance-based fees. In addition, they may receive compensation from third parties (such as custodians and brokers) that are not directly related to their advisory activities. These arrangements can lead to conflicts of interest and have the potential to affect a client’s portfolio.
The firm’s fee structure and investment approach are designed to address these conflicts. Its team conducts a rigorous research process to identify and select investments that offer a competitive advantage. They then invest a portion of a client’s assets in these investments. Moreover, they use a multi-manager approach to diversification and leverage the market knowledge of industry consultants.
In addition to its wealth management services, Cerity Partners also provides retirement plan consulting and tax preparation and planning. They have experience working with defined contribution, defined benefit and non-qualified deferred compensation plans for public companies, higher education institutions, foundations, and endowments. They are a Center for Fiduciary Excellence-certified firm and act as a fiduciary to their clients.
The company’s website and brochure focus primarily on high net worth individuals, although they do count non-high net worth individuals among their client base as well. The firm’s minimum annual fee of $20,000 is a bit higher than average, which can leave out those with less to invest.
Cresset Asset Management is a registered investment adviser (RIA) that offers family office and wealth management services to individuals, families, and institutions. Its advisors specialize in helping clients manage their wealth and reach their long-term financial goals. Cresset is headquartered in Chicago, Illinois, and has more than $30B in AUM.
Investors should be aware that Cerity Partners has several conflicts of interest and may have disciplinary actions against it or its employees. These can be found on the firm’s Investment Adviser Public Disclosure page. Those interested in investing with the firm should always consider these issues carefully before making any decisions. In addition, investors should always remember that the firm is a fiduciary and must place its clients’ best interests ahead of all other considerations. Those who are unsure about this should consider seeking independent advice from another firm. In addition, investors should read the firm’s Form ADV before investing with them.
Silvercrest Asset Management Group
Silvercrest Asset Management Group provides investment and financial planning services primarily to ultra high net worth individuals. The firm also works with pooled investment vehicles and charitable organizations. Silvercrest’s team of advisors uses a client-centric approach to manage wealth and help families achieve their goals. The company also offers a variety of family office services, including bill paying, personal accounting and consolidated reporting. The firm also offers customized equity strategies and a range of fixed-income investments.
Silvercrest doesn’t have an account minimum, but the firm only accepts wealthy clients with substantial assets. The firm’s advisors use a disciplined and risk-averse approach to investing, with an emphasis on diversification and value. The company also offers a number of tax-efficient strategies. Its stock portfolios focus on companies that are attractively valued, understandable and transparent about their financials, as well as those with a proven track record of managing capital.
The company’s fee structure consists of a percentage of assets under management and other hourly or fixed fees for a la carte services. The company’s fee-based model is more cost-effective than its competitor’s pay-per-hour structures, which can result in higher investment expenses for clients. Its fee schedule is competitive with other firms on SmartAsset’s list of the Best Financial Advisors.
Summit Rock Advisors also offers a suite of advisory services for the ultra-wealthy, but it has a much higher minimum requirement than some of its competitors. To work with this firm, you must have at least $100 million in assets. Summit Rock also charges a flat annual fee of 1% of total net assets, which is higher than some of its competitors.
While the majority of Summit Rock’s clients are high-net-worth individuals, it also offers services to institutional investors. These include providing advice to private equity funds and other investment companies, as well as consulting on a variety of issues, such as investment strategy, due diligence and asset allocation.
Located in New York City, Silvercrest Asset Management Group LLC provides financial planning, investment and wealth management services. The Company also operates a brokerage business and invests in real estate properties. Its portfolio managers have an average of more than 30 years in the industry. Silvercrest also offers a wide range of equity and fixed income strategies, as well as specialized investments. Its client base includes high net worth individuals, family offices and charitable foundations. The Company has more than $28 billion in total regulatory assets under management. Silvercrest is a publicly traded company. Its Class B Common shares are listed on the Nasdaq National Market. The Company is a member of the S&P 500 Index and the Russell 2000 Index. Silvercrest is headquartered in New York City and has offices in eight other locations. The Company is a wholly owned subsidiary of Silvercrest LP.
Evercore Wealth Management
The Evercore Wealth Management division of Evercore Partners Service East, a publicly traded investment bank based in New York City, serves high-net-worth individuals, families, foundations and endowments. It provides customized investment management and financial planning services. The firm also offers personal trust services through its affiliate, the Evercore Trust Company N.A. Evercore Wealth Management LLC is registered with the U.S. Securities and Exchange Commission and operates offices in New York, Minneapolis, Palm Beach, and San Francisco.
The firm focuses on long-term, tax-efficient investment strategies. It employs a comprehensive, disciplined approach to investing by analyzing and assessing all aspects of a client’s unique situation. Its team includes research analysts, investment professionals and client relationship managers. In addition, Evercore Wealth Management has a variety of in-house investment products that are designed to provide clients with diversified and enhanced portfolios.
Evercore Wealth Management is a member of the National Association of Registered Investment Advisors (NARIA). The firm is an employee-owned independent advisory firm with more than $10 billion in assets under management as of February 2020. Its founder and CEO is Roger Altman, a former chairman of Lehman Brothers and co-head of the global equity division of Morgan Stanley.
In September 2008, Evercore launched its Wealth Management division as a subsidiary of the publicly traded investment bank Evercore. Its investors include Fortune 500 companies, public and private pension plans, sovereign wealth funds, endowments and foundations, and family offices. The company manages a diverse portfolio of investments, including equities and bonds. It also offers a full range of trust fund and brokerage services to its high-net-worth clients.
Evercore’s fees are based on the amount of total assets in an account. As of 2020, its lowest annual fee is 0.60% on growth assets for accounts with at least $10 million in investable assets. This is a relatively low rate when compared to the industry average, which is around 1.0% of total assets.
Evercore Wealth Management’s brochure notes that clients can negotiate their annual rate before signing up for its services. In addition to the asset-based fee, clients may have to pay additional expenses such as brokerage fees, markups, commissions, custody fees, and taxes on third-party mutual funds. The firm also charges a separate fee for standalone financial planning services, which are negotiated on a case-by-case basis. However, this fee is typically included in the asset-based fees charged for its investment advisory services.