Best Financial Advisors in New Jersey

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Contributor, Benzinga
June 27, 2023

Ready to hand over the reins of your personal finances to a professional? Our carefully chosen list of the best financial advisors in New Jersey can help you make an informed selection today.

Quick Look at the Best Financial Advisors in New Jersey:

Best for Education Planning: Red Oak Planning

Red Oak Planning in Basking Ridge has its eye trained on college planning with comprehensive financial planning and investment management. 

Red Oak can help you prepare for college funding from every angle. Clients can take advantage of its free 1-hour college planning workshop to get started. 

The firm’s Max Aid Service is for families whose yearly income falls below $250,000. This advising package analyzes your current finances against projected college spending. Your financial planner can recommend the best ways to reduce this figure. This plan can also help guide your application for government and institutional aid. 

RED OAK CAPITAL MANAGEMENT, INC.

RED OAK CAPITAL MANAGEMENT, INC.

$101,400,000
  • A percentage of assets under your management
No minimum, but yearly maximum must be $250,000
N/A
604
Yes
7
6
<ul> <li>Financial planning</li> </ul>
Address

190 S. LASALLE SUITE 3000CHICAGO IL, 60603

Phone number

(630) 352-0051

M1 Finance
Best For
  • Customizable Auto Investing
securely through M1 Finance's website

Best Robo-Advisor: M1 Finance

M1 Finance is a robo-advisor that offers a hands-on approach to portfolio design. It’s best for knowledgeable investors and self-starters. M1 offers educational tools on its website but you need to identify your financial goals and strategy.

There are no fees. The account minimum is $100 for traditional accounts and $500 for retirement accounts. 

M1 offers over 80 expertly-designed portfolio models targeted toward various investment goals. You can customize your own portfolio by choosing between exchange-traded funds (ETFs), individual stocks or both. 

Portfolios are auto-adjusted so your goals hit the right milestones over time. You can also adjust your portfolio with ease through the website or mobile app.

Best for Retirement Income Planning: Paradigm Wealth Planning

Paradigm Wealth Planning in Bridgewater specializes in planning for predictable income during retirement. 

The firm uses a figure called RealNumber to come up with the monthly income necessary to sustain the lifestyle you prefer. Paradigm will help you develop a strategy to maintain this number and protect your money against market risks and inflation. Paradigm can also weave riskier investment options into your portfolio, depending on your investment objectives. 

The annual advisory fee for management services falls between 0.50% and 1.75%. This fee is negotiable at the discretion of the advisor. 

ADVISORY SERVICES NETWORK

ADVISORY SERVICES NETWORK

$2,486,058,337
  • A percentage of assets under your management
  • Hourly charges
  • Fixed fees (other than subscription fees)
No minimum
6
6,086
Yes
17
8
  • Financial planning services
  • Selection of other advisers (including private fund managers)
Address

6600 PEACHTREE DUNWOODY RD. EMBASSY ROW 600, SUITE 575ATLANTA GA, 30328

Phone number

770-352-0449

Best for Short-Term Investments: RegentAtlantic Capital 

Most financial advisors seek to reduce risk by suggesting long-term investments like RegentAtlantic Capital in Morristown does. RegentAtlantic also advises shorter-term investments. 

RegentAtlantic focuses on diversification and stock quality when selecting your portfolio options. It seeks to assess options objectively and help you focus on the long view with manageable risks.

RegentAtlantic is a fee-only firm. There is no account minimum, but you’ll pay 0.75% on your first $10 million for its annual wealth management fee. Accounts invested in individual fixed income securities (bonds), equity securities (stocks), ETFs and load and no-load mutual funds are 1% for the first $5 million. Services cover retirement and estate planning, investment management and tax obligation reduction.

REGENTATLANTIC

REGENTATLANTIC

$3,597,790,767
  • A percentage of assets under your management
  • Hourly charges
  • Fixed fees (other than subscription fees)
No minimum
32
531
Yes
32
6
  • Financial planning services
  • Pension consulting services
  • Educational seminars/workshops
Address

1200 MOUNT KEMBLE AVE MORRISTOWN NJ, 07960

Phone number

973-425-8420

Empower
Best For
  • High Net Worth Individuals
securely through Empower's website

Best Portfolio Analysis: Personal Capital

Personal Capital is a free comprehensive financial manager and robo-advisor that analyzes all aspects of your finances. Its comprehensive financial planning services include investment assessment, 401(k) fee analysis and spending tracking. You can also link your individual retirement accounts (IRAs) and other accounts.

If you want your accounts to be managed, there’s a $100,000 account minimum requirement with a fee tier starting at 0.89%. That scales down to 0.49% for larger account amounts. 

Best for Comprehensive Planning: Hallmark Capital

Hallmark Capital has operated in Wayne since 1999. It offers both modular and all-inclusive advising and also operates as an investment management firm. 

Hallmark Capital offers balanced equity and fixed-income portfolios as well as a wide range of financial planning services. Managers build portfolios using asset allocation and investment analysis. The firm can help with:

  • Income planning
  • Debt management
  • Executive planning
  • Compensation and benefits analysis
  • Retirement advising 
  • Estate plan analysis
  • Legacy planning

Hallmark Capital is a fee-only advisor. 

HALLMARK CAPITAL MANAGEMENT INC

HALLMARK CAPITAL MANAGEMENT INC

$1,534,045,482
  • A percentage of assets under your management
  • Hourly charges
$500,000
13
273
Yes
44
6
  • Financial planning services
Address

1195 HAMBURG TURNPIKE WAYNE NJ, 07470-5055

Phone number

973-808-4144

Find Financial Advisors in New Jersey Today

Whether you choose a robo-advisor or human financial advisor, your advisor can help you invest strategically, trade stocks, optimize your tax situation, plan for retirement or manage your debt.  Start with our recommendations and find a financial advisor to help guide your plans today.

Frequently Asked Questions

Q

Can financial advisors help mitigate debt?

A

Yes. Financial advisors that offer comprehensive management services include debt management in your strategic plan if necessary. Be honest with your advisor about the negative and positive aspects of your finances to receive the best advice possible.

Q

Do I need a financial advisor for retirement?

A

In short, it depends. If you have a high-net worth, many taxable investments or want to pay less taxes, a financial advisor may be necessary. If you are contributing to a 401(k) or a Roth IRA via an employer-sponsored plan, you might be okay on your own. A financial advisor can help any client find ways to stretch accumulated wealth further.

Q

What return should I expect from a financial advisor?

A

The average rate of return you could expect when working with a financial advisor is estimated between 1.5% to 4%. This rate can vary and depends on a range of factors.

Methodology

To determine the top financial advisors in New Jersey, we pored through all SEC-registered advisory firms who have an office in New Jersey. We winnowed the list by only including advisors that are registered fiduciaries, have no past disclosures and have minimal personal conflicts of interest. To further break down the list to the true top advisors in the area, we gave weight to advisors that offer both investment management and planning, have no conflicts of interest, have offices in multiple states, have a wrap fee program and over $50 million in assets under management.