Where to Find Wealth Management Services in NJ

wealth management nj

If you want to improve or expand your financial portfolio, you may have considered using a wealth management company in NJ to help you achieve these goals. Before signing up for services, there are a few things you should know about financial advising. If you’re not sure what to look out for when researching wealth management companies in and around New Jersey, don’t worry. We’ve created a list with some of the most important tips on how and where to find reputable wealth management services in New Jersey:

1. Ask for Referrals from People you Trust

Put your networking hat on and reach out to a friend, family member or coworker who might have previously worked with a financial advisor or wealth management company in the past. You might be surprised by the amount of people who have worked with wealth management companies in NJ before and can point you in the right direction when starting your search.

When a friend refers you to a wealth management company in NJ, be sure to ask them about their experience working with the financial advisor(s) to get an idea about what to expect throughout the planning process. Having this information will set your mind at ease and make it easier to navigate what may be brand new territory to you.

2. Do Your Due Diligence

You can find out a lot about a wealth management company in NJ from conducting your own research on the Internet. Some things we’d recommend for you to search on Google, Bing or Yahoo are:

  • Background information (criminal, work, education, etc.).
  • Reviews from past or present clients.
  • Credentials, licenses and certifications.
  • How long they have been in business.
  • Formal complaints or disciplinary actions.

When trusting a wealth management company in NJ with your financial legacy, it is crucial to look into their background and review their reputation so you can rest assured your finances are in the safest of hands possible.

3. Beware of the Bargain

As one could imagine, any smart investor (like yourself) should aim to get the best price possible on any investment they make. However, when you’re searching for a financial advisor, it is important to remember that you get what you pay for. While it’s important to find a wealth management company with reasonable fees, some firms will lure customers in with low prices without being able to provide their services as promised.

When you work with a knowledgeable and qualified advisor, you are much more likely to get significant returns on any investment you make. This means that the services you pay for end up paying for themselves in the long run. Before making any final decisions in regards to who you will work with in the future, try and talk to different wealth management NJ firms about their fees and billing structures so that you can get a sense of every option that is out there.

4. Establish a Rapport

Before you sign your name on any contract, you should be able to talk to your advisor(s) about what you’re looking for in a wealth management NJ company. During this initial contact, take note of how the conversation flows and if there is an immediate rapport with the person you are talking with.

Many times, less-than-reputable financial advisors will be pushy or impatient with clients instead of taking the time to explain their services in full detail. You want to find a wealth management company in NJ that truly cares about your financial end goals and will be willing to take the time to listen and answer any questions you may have throughout the process.

Don’t let yourself be pushed around by bad financial advisors and keep searching until you find one that is compassionate, competent and qualified enough to manage your wealth.

5. Ask How They Are Paid

There are several different payment plans that are considered commonplace in the world of financial advisement. Your wealth management NJ company will most likely charge you by using one or more of the following: fee-only, fee-based or commission. Before you make any deal final, we suggest already knowing which payment plan works best for your financial situation.

Even though it might be a little uncomfortable to ask questions about billing, it’s vital that you do so before committing to any services. Otherwise, you may find yourself having expenses that you never planned for.

6. Know What You Want

Why are you looking to work with a wealth management company in NJ? Do you need help planning for retirement? Are you trying to maximize your investments, or are you confused by your portfolio and need help figuring it all out?

Knowing exactly what you want from financial planning services will help you quickly eliminate any advisor(s) that aren’t right for you. Make sure you articulate this point to any wealth management company in New Jersey you collaborate with so they can explain why they are or aren’t a good fit for you.

Remember: Not all financial advisors are created equal. Each one provides unique and personalized services to their clients. Make sure the one you choose is capable of meeting your expectations.

Final Thoughts

Navigating the financial landscape isn’t easy. It’s even more difficult if you lack the necessary skills or knowledge to get the most out of your portfolio. Hiring a wealth management company in NJ can be an affordable solution that takes the hassle and guess work out of financial advisement.

However, finding the company that is right for you is a process, and sometimes even a lengthy one. Fear not though, as your hard work will pay off when you find a financial planner who is dedicated to seeing you thrive and succeed.
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Author Jeff Gitterman

Jeff Gitterman is a co-founding partner of Gitterman Wealth Management, LLC, and a thought leader in the field of Sustainable, Impact, and ESG (Environmental, Social, and Governance) Investing. He is the creator of his firm’s SMART (Sustainability Metrics Applied to Risk Tolerance)® Investing Services, which offer investment opportunities for individual clients, as well as research and investing services for other financial professionals in the Sustainable, ESG, and Impact arenas.

Noted as an “ESG expert” by Financial Advisor magazine, Jeff has also been featured in the past in Money Magazine, Barron’s, Morningstar Magazine, The Wall Street Journal, CNN, and Affluent Magazine, among many others.

Jeff deeply believes that the migration of investor capital towards more Sustainable, Impact, and ESG investments is one of, if not the most effective way to help realize the United Nations’ Sustainable Development Goals (SDGs), and he is committed to helping both investors and other financial professionals navigate the rapidly growing Sustainable, Impact, and ESG Investing landscape.

More posts by Jeff Gitterman