Form CRS
Form CRS Client Relationship Summary 2024
ADV Brochure
ADV Disclosure Brochure Supplement Bios 2024
Privacy Policy
Custodian
What is a custodian?
A custodian is a financial institution that has legal responsibility for a customer’s securities. Custodianship includes management as well as safekeeping, and this service incurs additional fees.
Our firm, like all investment managers, is required to have a custodian. Investments that you entrust to our firm are placed in custody with Fidelity’s clearing firm, National Financial Services LLC (NFS) — one of the largest clearing providers in the industry. A clearing firm is an organization that works with financial exchanges to handle the confirmation, delivery, and settlement of transactions.
When you’re selecting your financial advisor, considering who your advisor uses to custody your investments can be a critical factor, as this will help determine the level of service and support you can expect from your financial advisor.
How does our relationship with Fidelity benefit you?
AN EXPERIENCED, REPUTABLE FIRM HELPING TO PROTECT YOUR ASSETS AND PRIVACY
For more than 60 years, Fidelity has built a reputation of integrity and financial management expertise that gives our firm peace of mind. As a leader in the financial services field, Fidelity has a thorough understanding of the products and services we need to help best serve you, and how to deliver them to you in the most efficient and convenient ways. Furthermore, with Fidelity, we know we are working with a provider that will maintain the highest level of integrity in providing brokerage and custody services — along with privacy protection — for your assets.
ADDITIONAL PROTECTION FOR YOUR INVESTMENTS
Your assets are safeguarded because Fidelity has arranged for insurance protection beyond coverage through the Securities Investor Protection Corporation (SIPC). While your assets are covered by the SIPC up to $500,000, including cash claims limited to $250,000, Fidelity provides supplemental protection that covers your account over and above this SIPC coverage.
LONG-TERM VISION WITH YOU IN MIND
Because the firm is privately owned, Fidelity is able to make decisions based on long-term benefits — not short-term gains — for the investors it serves. For example, Fidelity reinvests a large portion of its profits in technology and services each year, which helps us enhance the products we offer you.
Five Star Professional (FSP) Award Disclosure
The award for 2025 was issued on 12/1/24 by Five Star Professional (FSP) for the time period 3/13/24 through 10/7/24. Fee paid for use of marketing materials. Self-completed questionnaire was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria. 7425 New Jersey-area wealth managers were considered for the award; 431 (6% of candidates) were named 2025 Five Star Wealth Managers.
The following prior year statistics use this format: YEAR: # Considered, # Winners, % of candidates, Issued Date, Research Period. 2024: 6,515, 462, 7%, 12/1/23, 3/13/23 – 9/29/23; 2023: 6,606, 407, 6%, 12/1/22, 3/21/22 – 10/18/22; 2022: 6380, 431, 7%, 12/1/21, 4/12/21 – 10/15/21; 6123, 459, 7%, 12/1/20, 3/30/20 – 10/23/20; 2020: 6210, 480, 8%, 12/1/19, 3/1/19 – 10/16/19; 2019: 6097, 477, 8%, 12/1/18, 3/21/18 – 10/12/18; 2018: 4383, 415, 9%, 12/1/17, 2/21/17 – 10/12/17; 2017: 3868, 664, 17%, 11/1/16, 2/25/16 – 10/7/16; 2016: 4143, 626, 15%, 11/1/15, 4/15/15 – 10/16/15; 2015: 5063, 672, 13%.
Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. The award is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser (RIA) or a registered investment adviser representative; 2. Actively licensed as a RIA or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by FSP, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or FSP’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through FSP’s consumer complaint process; feedback may not be representative of any one client’s experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. FSP does not evaluate the quality of services provided to clients. The award is not indicative of the wealth manager’s future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their clients’ assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by FSP or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by FSP in the future.
Visit: www.fivestarprofessional.com