How Do the Top New York Wealth Managers Compare on Fees?
The wealth management firms headquartered in New York that publish their advisory fees range from long-established Manhattan institutions to boutique RIAs serving high-net-worth families across the state. The list below ranks every New York-based firm meeting our quality bar — at least 100 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 $2 million portfolio and compute both the annual dollar fee and the blended rate. Firms whose disclosed minimum account size exceeds $2 million, and ultra-high-net-worth shops whose average client AUM is above $20 million (and so are unlikely to accept a $2M account), are excluded.
Methodology
- Universe: RIAs headquartered in New York
- Portfolio size: $2 million
- Fee calculation: Blended rate across all disclosed fee tiers, applied to a $2 million portfolio
- Minimum clients: 100+ high-net-worth clients
- Avg client portfolio: $1 million to $20 million (ultra-high-net-worth shops excluded — unlikely to accept a $2M 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 $2 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%
- Disclaimer: Advisor Facts pulls fee data from publicly available data. Firms do not elect to be included. Advisor Facts is not compensated by firms for inclusion in the list
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.
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.
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.
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.
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.
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.
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.
Circle Advisers Inc.
Circle Advisers was founded in 1982 and operates as a multidisciplinary family office in New York, with investment, tax preparation, auditing, and legal services available under one roof. Investment advisory services are provided exclusively on a non-discretionary basis, meaning the firm makes recommendations but does not trade client accounts without specific client approval. In addition to investment advisory fees, Circle Advisers charges separate fees for tax preparation, audit, and other non-investment services.
Level Financial Advisors, Inc.
Level Financial Advisors was founded in 1979 by Alan Vogt and is an independently owned, fee-only firm specializing in retirement-focused financial planning and investment management. Level builds client portfolios primarily from low-cost institutional mutual funds rather than directly selecting individual securities. In addition to its East Amherst, NY headquarters, the firm operates a second office in the Buffalo area (transitioning from Hamburg to Orchard Park in 2026) and acquired a California-based advisory firm in 2025.
Matrix Asset Advisors Inc.
Matrix Asset Advisors was founded in 1986 by current CIO David A. Katz and is 100% employee-owned. The firm follows a value-oriented, Graham-and-Dodd investment approach and primarily builds client portfolios through direct selection of 30-40 individual stocks, though it also offers an open-architecture program using external mutual funds and ETFs as well as separately managed fixed income portfolios of individual bonds. Matrix serves as the sub-adviser to the affiliated Matrix Advisors Value ETF (MAVF); clients invested in the affiliated ETF pay fund-level fees but are not separately billed Matrix’s advisory fee on those assets. In addition to its White Plains, NY headquarters, Matrix operates an office in New York City.
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.
Matauro, LLC
Matauro was launched in 2024 by co-founders Matthew Klein (CEO), Barrett Tabeek (CFO), and Steven Van Hooker (COO), who had previously worked together at Equitable Advisors (formerly AXA Advisors). The firm is independent and uses Dynasty Financial Partners’ technology and business services platform to support its operations; Dynasty is not a parent or owner. Matauro primarily serves entrepreneurs, business owners, and corporate executives. In addition to its New York City headquarters, Matauro operates a network of offices across New York, New Jersey, Florida, North Carolina, and Texas.
Cobblestone Capital Advisors, LLC
Cobblestone Capital Advisors was founded in 1986 and joined CAPTRUST Financial Advisors in September 2025, becoming part of CAPTRUST’s national wealth management network and slated to eventually adopt the CAPTRUST brand. Cobblestone provides investment management, wealth planning, and family office services to individuals, families, and institutions, and constructs portfolios primarily through ETFs, mutual funds, and select individual securities. The firm also manages affiliated private investment vehicles, which may charge performance-based fees in addition to the standard asset-based fee.
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.
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.
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.
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.
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%.
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.
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.
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.
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.
Giverny Capital Asset Management
Giverny Capital Asset Management (GCAM) was founded in 2020 as a partnership between Giverny Capital Inc. of Montreal (led by founder François Rochon) and David Poppe, who previously served as CEO of Ruane, Cunniff & Goldfarb and as co-manager of the Sequoia Fund. GCAM directly selects securities for concentrated value-oriented portfolios of 20–30 stocks with low turnover. Because GCAM and Giverny Capital share investment ideas, research, and philosophy, the two firms often own many of the same stocks.
Goalvest Advisory LLC
Goalvest Advisory was founded in 2017 by Sevasti Balafas. The fee-only RIA builds individualized portfolios for high-net-worth clients across equities, fixed income, structured notes, private assets, and other alternatives. Goalvest also sponsors its own venture capital funds through an in-house division, GoalVest Venture Capital, which has launched two affiliated growth-stage venture funds available to qualifying clients.
J.W.Burns & Company, Inc.
J.W. Burns & Company is an independent, fee-only investment counseling firm founded in 1974 and led by Jim Burns. The firm primarily directly selects individual equities using its proprietary “Triangle of Value” criteria (market-dominant products, high return on equity, and growing international earnings), supplemented by low-cost index funds, across four model strategies: Core Equity Growth, Balanced, Equity Income, and Large-Cap Tax-Exempt Value.
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.
Landmark Wealth Management
Landmark Wealth Management was established in 2005 and operates as Bryant Woods Investment Advisors, LLC. The firm is 100% owned by its management and primarily implements client portfolios through outside manager and strategy selection, with mutual funds as the principal investment vehicle and an approach grounded in Modern Portfolio Theory.
Levin Capital Strategies, LP
Levin Capital Strategies was founded in December 2005 by John A. Levin, who previously founded John A. Levin & Co. in 1982 and earlier was a partner at Steinhardt Partners and at Loeb, Rhoades & Co. The firm directly selects securities for long-only value-biased equity strategies focused primarily on US large-cap stocks, and also manages alternative strategies. In addition to separately managed accounts, Levin Capital Strategies sponsors affiliated private investment funds (including the Disequilibrium Fund) and serves as sub-adviser to other firms’ registered funds and UCITS vehicles.
Lipe & Dalton Investment Counsel
Lipe & Dalton Investment Counsel was co-founded by Willard C. Lipe III, CFA and Patrick M. Dalton, CFA, and has been SEC-registered since 2006. The firm directly selects individual stocks and bonds for separately managed portfolios rather than using commingled vehicles like mutual funds, with a stated goal of optimizing both stock/bond allocation and tax efficiency.
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.
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.
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.
Onyx Bridge Wealth Group LLC
Onyx Bridge Wealth Group is a Delaware LLC formed in 2019 and wholly owned by founder and CEO Jared Cohen. The firm offers asset management primarily through a Wrap Fee Program in which its investment adviser representatives act as portfolio managers, with portfolios generally constructed using mutual funds and ETFs.
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.
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.
Reagan Companies Asset Management, Inc.
Reagan Companies Asset Management traces its history to 1991 and was founded by Richard (Rick) Reagan, who remains principal owner and president; the current corporation was organized in New York in March 2012. The fee-only RIA focuses on clients in or near retirement and on corporate retirement plans, and acts as a 3(38) fiduciary on the 401(k) plans it manages.
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.