When you are looking for investment advisors, you may either opt for the traditional individual service provider or an online agency or an automated Robo-advisor. The fees may vary for each type of advisor. Here are two things you may consider while searching for an investment advisor.
- Determine the services required
Your need may simply be to avail of assistance in choosing the right investments. Alternatively, you may also require additional services like insurance or estate planning. Determining your service requirements will help you make an informed decision.
- Know your budget
An individual advisor offering holistic advice will be expensive. On the other hand, an online service provider may be more affordable. Know your budget to choose the right service provider.
Irrespective of the type of investment advisor you choose, it is crucial to check their qualifications and registration. The chosen advisor must adhere to all the fiduciary requirements for maximum benefits.
During the COVID-19 pandemic, markets are witnessing extreme volatility. Amidst this uncertainty, there has never been a greater necessity for the best investment advisors to offer prudent advice to their clients to protect their investments.
Here are the top three wealth advisors in the country
Jeff Erdmann, Greenwich, Connecticut
Team assets (Custodied - $8.6 billion)
Jeff is the Founder of the Erdmann Group that serves a select group of successful high net worth clients. He customizes investment strategies to best suit the clients' requirements. Jeff along with his team works with highly affluent clients to streamline their complications while capitalizing on the possibility of building huge wealth over the years. The Erdmann Group focuses on committed services, intellectual rigor, and tailored planning to suit clients’ requirements. Jeff commenced his career with Merrill Lynch in 1984 and is a nationally recognized investment advisor in the country. The minimum account size for new businesses is $2.5 million and the typical household account sizes range between $2.5 million to $1 billion.
Brian C. Pfeifler, New York
Team assets (Custodied - $5.2 billion)
Brian is a financial advisor with Morgan Stanley. He has been registered with the industry association for more than 27 years. Brian holds licenses from the U.S Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA). The total assets under management (AUM) are approximately $729.2 billion across two million accounts. The minimum account size for new businesses is $25 million and the typical household account sizes range between $25 million to $100 million.
Christopher Errico, New York
Team assets (Custodied - $2.2 billion)
Chris commenced his financial services career in 1990. His association with UBS started in 2007 and currently, he is a member of the company’s Pinnacle Council. Over the years, Chris has ranked amongst the top financial advisors in the country by various organizations. While working with Morgan Stanley, he earned recognition as a member of the company’s Chairman’s Club. The minimum account size for new businesses is $2 million and the typical household account sizes range between $5 million to $100 million.
The above are the best investment advisors in the country and their advice is used by some of the biggest ultra-affluent investors.