How Do the Top New York Wealth Managers Compare on Fees?
The wealth management firms headquartered in New York that publish their advisory fees are a mix of long-established Manhattan institutions and boutique firms across the state, all serving high-net-worth families. The list below ranks every New York-based firm meeting our quality bar — at least 50 high-net-worth clients, $500 million or more in high-net-worth assets, and a transparent fee schedule.
Fees come directly from each firm's most recent SEC Form ADV Part 2A regulatory filing. For each firm we apply their published tier schedule to a $10 million portfolio and compute both the annual dollar fee and the blended rate. Firms whose disclosed minimum account size exceeds $10 million, and ultra-high-net-worth shops whose average client AUM is above $75 million (and so are unlikely to accept a $10M account), are excluded.
Methodology
- Universe: RIAs headquartered in New York
- Portfolio size: $10 million
- Fee calculation: Blended rate across all disclosed fee tiers, applied to a $10 million portfolio
- Minimum clients: 50+ high-net-worth clients
- Avg client portfolio: $3 million to $75 million (ultra-high-net-worth shops excluded — unlikely to accept a $10M account)
- Minimum high-net-worth assets: $500 million across all high-net-worth clients
- High-net-worth focus: High-net-worth assets at least 30% of total firm assets
- Exclusions: Firms with negotiable-only fee rates, and firms with a disclosed minimum account size above $10 million
- Source: SEC Form ADV Part 2A regulatory filings, filed within the last 18 months. If a firm only discloses they charge clients a fee of 2.50% or they charge clients between 1.00% and 2.50%, then we state the fee on all clients as 2.50%
Ashford Advisors, LLC
Founded in 2001 and owned by Patrick Martin (Principal and Manager) and Jeremiah Thisse (CEO). Client portfolios are invested with third-party money managers via mutual funds, ETFs, hedge funds, venture capital, and private equity. Ashford may charge carried interest or a 10% performance fee instead of a standard management fee on some assets such as hedge funds, venture capital, and private equity. Clients include high net worth individuals and charitable organizations or corporations established or controlled by Ashford clients.
Alesco Advisors, LLC, An ESL Company
Alesco was founded in 2000 and acquired by ESL in 2025. Client portfolios are most commonly invested in low-fee passive mutual funds and ETFs. For some clients, Alesco also invests in private assets. Alesco clients include institutions and high-net-worth individuals. They offer individuals financial, tax, estate, and insurance planning.
Passive Capital Management, LLC
Passive Capital Management (PCM) was founded in 2007 and provides investment management and financial planning services to individuals, retirement plans, and institutions. As the name suggests, PCM constructs client portfolios using passively managed index and asset class mutual funds and ETFs, with trading generally limited to rebalancing and tax-management activities. In addition to its Syracuse, NY headquarters, PCM operates offices in Baltimore, MD and Philadelphia, PA.
Joel Isaacson & Co., LLC
Founded in 1993, Joel Isaacson & Co. is an indirect wholly-owned subsidiary of Focus Financial Partners, which is owned by investment vehicles affiliated with CD&R and Stone Point. The firm provides wealth management, financial planning, tax preparation, family office, and outsourced CFO services to high net worth individuals, retirement plans, and charitable organizations. Client portfolios are primarily invested in mutual funds, ETFs, and private investment funds with a long-term, low-turnover approach. Tax preparation and outsourced CFO services are billed on an hourly schedule rather than as a percentage of assets; in limited cases firm employees also serve as trustees and may receive additional compensation.
Kelleher Financial Advisors, LLC
Founded in 1995, Kelleher Financial Advisors (KFA) is principally owned by Wall Street Access NY Corporation. The firm provides investment advisory, financial planning, and family office services to individuals, trusts, foundations, retirement plans, and corporations, with an additional office in Portland, ME. KFA operates through three divisions: the Kelleher Financial Advisors division, which manages long-term, equity-oriented portfolios; Battery Park Capital, a concentrated, value-oriented strategy in individual stocks and bonds; and Starboard Advisors. Client portfolios may include directly selected stocks and bonds as well as mutual funds and ETFs.
Grandfield & Dodd, LLC
Grandfield & Dodd was founded in 2001 by Cheryl L. Grandfield, Richard W. Dodd, and James P. Samuels. The firm is independently owned, currently by four partners, and provides customized investment counsel to individuals, families, and trusts. Rather than allocating client assets to pooled investment products, Grandfield & Dodd directly selects individual publicly traded stocks and bonds for each portfolio, tailored to the client’s circumstances, risk tolerance, and tax situation.
Cooper/haims Advisors, LLC
Cooper/Haims Advisors was founded in 1981 and has been a wholly-owned subsidiary of ESL Investment Services, LLC since October 2019; ESL Investment Services is itself a subsidiary of Rochester-based ESL Federal Credit Union. The firm provides fee-based investment management, financial planning, and integrated tax planning and preparation services to individuals, high net worth families, and select institutions. Cooper/Haims does not offer proprietary investment products and uses Charles Schwab as its primary custodian.
Grace & White, Inc.
Grace & White has been registered with the SEC since 1977 and provides discretionary investment management to high net worth individuals, trusts, retirement plans, charitable organizations, and other institutions. President Gerald I. White, CFA is the firm’s principal owner. Rather than allocating client assets to outside managers, Grace & White builds each portfolio directly through fundamental research, with holdings concentrated in small-cap and micro-cap equities.
Strategic Financial Services
Strategic Financial Services was founded in 1979 by Alan Leist Jr. and operates through three divisions covering wealth management, corporate retirement plans, and a separately branded mortgage advisory business. Client portfolios are primarily composed of mutual funds and ETFs allocated across model portfolio strategies rather than direct selection of individual securities. In addition to its Utica, NY headquarters, the firm operates additional offices in Syracuse, NY and West Palm Beach, FL.
Rockbridge Investment Management, LLC
Rockbridge Investment Management traces its history to 1997, when Craig Buckhout and Bob Ryan founded the firm’s predecessor, Disciplined Capital Management. Rockbridge is fee-only and independently owned by six partners, with Patrick Rohe serving as CEO. The firm primarily constructs client portfolios using index and passively managed mutual funds and ETFs, and offers comprehensive financial planning alongside investment management.
Weber Asset Management, Inc.
Weber Asset Management was founded in 1992 by Ken Weber, who continues to lead the firm. Weber is a boutique firm providing portfolio management and financial planning services to individuals and families. Client portfolios are primarily invested in Fidelity no-load mutual funds, with occasional use of other mutual funds or ETFs to meet specific risk and return objectives.
Altfest Personal Wealth Management
Altfest Personal Wealth Management was founded in 1983 by Dr. Lewis J. Altfest and remains family-led, with Lewis Altfest serving as CEO and CIO, his wife Karen Altfest as Executive Vice President, and their son Andrew Altfest as President. The fee-only firm provides actively managed, customized portfolios that may include mutual funds, ETFs, individual stocks and bonds, and affiliated private investment funds (including an alternative-value fund and a series of real estate funds). When clients invest in an Altfest-affiliated private fund, the firm charges its standard advisory fee on top of the management fee paid to the fund. In 2025, Altfest opened its first satellite office in Miami, Florida.
Bridgewater Advisors Inc.
Bridgewater Advisors was co-founded in 1992 by Leo Marzen and the late Milton Stern in NYC; it is unrelated to Ray Dalio’s Bridgewater Associates. The fee-only firm builds globally diversified portfolios across asset classes and primarily invests client assets through outside money managers, on which it performs ongoing due diligence.
Klingman and Associates, LLC
Klingman and Associates was founded in 1986 by Gerard Klingman, who remains the firm’s principal owner and lead advisor. The firm employs an investment process based on Modern Portfolio Theory and primarily allocates client assets across mutual funds, ETFs, separately managed accounts, and alternative investments rather than direct security selection.
Rbc Rochdale, LLC
RBC Rochdale (formerly City National Rochdale, until its 2025 rename) is a wholly owned subsidiary of City National Bank, which is itself an indirect subsidiary of Royal Bank of Canada. The firm offers tailored, multi-strategy portfolios combining quantitative screening and fundamental analysis, implemented across in-house U.S. equity, international equity ETF, and fixed income strategies as well as third-party sub-advisers, with both wrap fee and non-wrap arrangements available. RBC Rochdale also serves as investment adviser to the affiliated City National Rochdale Funds family of mutual funds, which charge additional fund-level expenses on top of advisory fees.
Arnhold LLC
The Portfolio Strategy Group, LLC
Founded in New York City in 1990, The Portfolio Strategy Group (PSG) joined Focus Financial Partners in 2012; Focus is owned by investment vehicles affiliated with CD&R and Stone Point. PSG provides investment management and wealth planning services to high net worth individuals, families, retirement plans, and charitable organizations. The firm primarily allocates client assets to external money managers via separately managed accounts, alongside mutual funds, ETFs, and private investment funds; clients in separately managed accounts pay fees both to PSG and to the underlying manager. PSG also serves as investment manager to The PSG Fund and The PSG Offshore Fund, affiliated private funds that charge management and performance-based fees, though PSG waives its standard management fee on assets invested in these vehicles.
Howe and Rusling, Inc.
Howe and Rusling was founded in 1930 and is principally owned by Craig Cairns following an employee-led buyout from private equity firm Third Security LLC that closed in October 2006. The firm primarily directly selects securities for large cap equity and intermediate fixed income portfolios, organized around four equity strategies, though it occasionally uses outside asset managers, including SouthernSun Asset Management as a sub-adviser. In addition to its Rochester, NY headquarters, Howe and Rusling operates four other offices, including one in Nashville, Tennessee.
Ascent Wealth Partners, LLC
Carrick Lane LLC
Carrick Lane was founded in 2021 by Allan Kennedy and Ken Kwalik, both former executives of Harvest Volatility Management. The firm is independent and employee-owned and specializes in actively managed options overlay strategies (in particular, equity index put-writing) rather than full-service wealth management. Strategies are typically implemented in separately managed accounts using a client’s existing portfolio positions as collateral, and Carrick Lane frequently works alongside another primary investment advisor.
Douglass Winthrop Advisors LLC
Navis Wealth Advisors LLC
Tiedemann Advisors, LLC
Manning & Napier Advisors, LLC
Beck, Mack & Oliver LLC
Beck, Mack & Oliver began investing on behalf of clients in 1931 and remains independent and partner-owned. The firm directly selects securities for concentrated portfolios of 20-25 businesses based on fundamental research, and also offers fixed income and cash management services. Beck, Mack & Oliver serves as adviser to its affiliated Beck, Mack & Oliver Partners Fund, a registered mutual fund; the firm contractually waives its advisory fee and reimburses expenses to keep total fund operating expenses at 1.00%.
Douglas C. Lane & Associates
Douglas C. Lane & Associates (DCLA) is a wholly-owned indirect subsidiary of Focus Financial Partners, LLC, having joined Focus on January 1, 2016; investment vehicles affiliated with Clayton, Dubilier & Rice and Stone Point Capital indirectly acquired Focus on August 31, 2023, and are therefore indirect owners of DCLA. The firm directly selects individual equity and fixed income securities for client portfolios using proprietary fundamental research rather than outsourcing to external money managers.
Neville, Rodie & Shaw Inc.
Neville, Rodie & Shaw was founded in 1933 by Gregg Neville and W. Stuart Rodie, with A. Vere Shaw joining in 1966 after dissolving his own firm. NRS is wholly owned by its active principals with no outside ownership, and is a charter member of The Investment Adviser Association. The firm directly selects securities for long-only separately managed accounts through fundamental analysis at the industry and company level, across geographies and market-cap categories.
South Street Advisors, LLC
Tortoise Investment Management, LLC
Ritholtz Wealth Management
Greenline Partners
Wealthspire Advisors
Next Capital Management LLC
Next Capital Management was founded in 1998 by Andrew Hart, who serves as CEO and CCO; NEXT initially began as an affiliate of Bear Stearns, where Hart was a Senior Managing Director from 1998 through 2007 after earlier roles at Goldman Sachs Private Client Services. The firm offers family-office-style service and primarily implements client portfolios through the unbiased selection of and allocations among unaffiliated third-party investment managers, with discretionary asset management and tactical asset allocation also available.
American Capital Management Inc.
American Capital Management was founded in 1980 by Luke Paul LaValle Jr.; the firm is now led by his son David M. LaValle as President, CEO, and CIO. ACM directly selects individual publicly traded securities, building concentrated portfolios focused on small and medium-sized growth companies (supplemented by convertible and fixed income holdings when appropriate). The firm also advises the ACM Eagle Growth Fund, an Irish-listed UCITS vehicle that provides international distribution.
Capital Counsel LLC
Capital Counsel was founded in 1999 by F. Randall Smith, Terence Greene, James Magid, and Lauren Blum and remains majority owned by its employees. The firm directly selects concentrated portfolios of large- and mid-cap US equities through proprietary bottom-up research. For clients with fixed income portfolios, Capital Counsel recommends Clarfeld Financial Advisors as a sub-adviser at an additional annual fee of 0.35% on fixed income assets (Capital Counsel pays 71% of that fee to Clarfeld). The firm also serves as general partner to three affiliated private partnerships, the Belle Meade Partnerships, in which Capital Counsel employees invest.
Edge Wealth Management, LLC
Edge Wealth Management was co-founded in 2006 by Matt Weinberg and Doug Spitz in NYC. The firm directly selects individual equities and fixed income securities for client portfolios, with a stated preference for large-cap industry leaders, and supplements these with mutual funds, ETFs, and REITs. Edge uses Charles Schwab as broker-dealer and custodian, and the firm’s principals invest in the same strategies as their clients.
Evercore Wealth Management, LLC
Klingenstein Fields Advisors
LVW Advisors, LLC
LVW Advisors was founded in 2011 by Lori Van Dusen (CEO), who previously rose to Managing Director at Citigroup Smith Barney following the firm’s acquisition of Shearson Lehman Brothers. Client portfolios mainly consist of registered mutual funds and ETFs, supplemented where appropriate by direct equity, corporate bond, REIT, and private fund positions; the firm also allocates to outside Independent Managers selected by LVW.
Paradigm Capital Management, Inc.
Payne Capital Management, LLC
Payne Capital Management was co-founded in 2008 by father and son Bob and Ryan Payne, both veterans of Merrill Lynch; Ryan serves as President. The fee-only RIA provides investment management and financial planning to high-net-worth clients, with an additional office in Blue Bell, Pennsylvania.
Perennial
Perennial Advisors was founded in July 2013 in NYC by Shyamli Badgaiyan and Chris Heintz; Heintz had previously founded and served as CIO of Perennial Investors, a long-biased equity hedge fund with over 00 million under management, where Shyamli was Director of Research. The firm provides wealth advisory and investment management to high-net-worth individuals and families, family offices, small businesses, and other organizations.
Ruane Cunniff LP
Ruane Cunniff was founded in 1969 by William J. Ruane and Richard T. Cunniff and is best known as investment adviser and distributor to the Sequoia Fund (SEQUX), which launched in 1970 at the suggestion of Warren Buffett to take on investors from Buffett’s closing partnership; since 2018 a multi-member investment committee has managed the strategy. The firm directly selects securities for a concentrated, long-only equity strategy focused on domestic mid- and large-cap companies, and also runs separately managed accounts and affiliated private partnerships (including Acacia Partners and Wishbone Partners) that may charge performance-based fees in addition to management fees.
Sanderson Wealth Management, LLC
Sandhill Investment Management
Silvercrest Asset Management Group LLC
Silvercrest Asset Management was established in 2001 and provides investment management and family office services to wealthy families and institutions. It is a subsidiary of Silvercrest L.P., whose parent, Silvercrest Asset Management Group Inc., is publicly traded on the Nasdaq (SAMG). Most client equity and fixed income assets are managed in-house using Silvercrest’s own value-oriented strategies, while the firm also recommends third-party managers and runs proprietary alternative investment funds and funds of funds. When clients are placed with outside managers or funds, those managers’ fees (and any incentive fees) apply in addition to Silvercrest’s fee, and fund-of-funds structures layer additional underlying fees.