Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
- Insurance Companies
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Condor Capital Wealth Management Overview
Condor Capital Wealth Management is an investment advisory firm that has been providing investment advice to clients since 1988. The firm operates on a fee-only basis, meaning that they are not compensated by sales commissions or referral fees from any third-party provider. The company's headquarters are located in Martinsville, NJ. As an investment advisory firm, Condor Capital provides financial planning services, portfolio management, and pension consulting to individuals and small businesses. They also offer portfolio management services to businesses or institutional clients. One of the distinct features of the firm is its focus on investment advice only. The advisers at Condor Capital are well-versed in the nuances of investment strategies to maximize returns while minimizing risk. Condor Capital also provides a unique service of selecting other advisors. This is a particularly useful service for those who may not have the time or knowledge to select the right advisor for their situation. Condor Capital's experienced investment advisers can help individuals and businesses find the right investment advisor to meet their specific needs and goals. In summary, Condor Capital is a well-established, fee-only investment advisory firm that has been providing investment advice to clients since 1988. With its headquarters located in Martinsville, NJ, the firm provides financial planning services, portfolio management, pension consulting, and advisor selection services to individuals, businesses, and institutional clients. Condor Capital's focus on investment advice only ensures that their clients' interests are always aligned with their own.
CONDOR CAPITAL WEALTH MANAGEMENT is a leading financial management firm catering to a broad spectrum of clients across various industries. The firm's range of clients includes individuals seeking financial advice, high net worth individuals, pension or profit sharing plans, charitable organizations, insurance companies, and other corporate entities. Each client segment has different financial needs and priorities, and the team at CONDOR CAPITAL WEALTH MANAGEMENT possesses the expertise to serve them comprehensively. When it comes to fee structures, CONDOR CAPITAL WEALTH MANAGEMENT offers multiple options, including percentage of assets under management, hourly fees, and fixed fees based on the service provided. For example, clients seeking comprehensive financial management could opt for a percentage of AUM, while those requiring more transactional services like estate planning or tax management might prefer hourly fees. Clients who require specialized services, such as charitable giving strategies or employee benefit programs, could benefit from a fixed fee structure. The firm's flexible fee structures offer clients the opportunity to choose a payment model best suited to their unique financial goals and objectives.
Typical Clients, Fee Structures & Investment Minimum
According to CONDOR CAPITAL WEALTH MANAGEMENT's Part 2 Brochure, the firm generally requires an annual minimum asset level of $250,000 for investment advisory services. However, the firm may reduce its investment management fee and/or waive its minimum asset requirement based on certain criteria, such as anticipated future earning capacity or negotiations with the client. It is worth noting that the firm may also offer limited concierge services for an additional hourly fee ranging from $150 to $100 per hour.
How This Office Can Help Martinsville, NJ Residents
Condor Capital Wealth Management offers personalized financial advice and investment management services to clients in Martinsville, NJ. Their team of financial professionals helps individuals and families navigate difficult financial situations, such as planning for retirement, managing debt, saving for college, and planning for unexpected events, such as job loss or illness. For example, someone living in Martinsville, NJ may be facing the challenge of saving for retirement while also managing their children's education costs. The team at Condor Capital Wealth Management can help them develop a plan that balances their current financial needs with their long-term goals, such as investing in a 529 college savings plan and building up a comfortable nest egg for retirement. They can also help clients navigate common financial pitfalls, such as high credit card debt or insufficient insurance coverage, to ensure they are adequately protected and prepared for unexpected events. Ultimately, Condor Capital Wealth Management provides its clients in Martinsville, NJ with the expertise and support they need to achieve financial security and peace of mind.
Services Offered by Condor Capital Wealth Management
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Condor Capital Wealth Management most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Condor Capital Wealth Management is registered to service clients in the following states:
- Arizona
- California
- Colorado
- Connecticut
- Florida
- Louisiana
- Maryland
- Massachusetts
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- Pennsylvania
- South Carolina
- Texas
- Virginia
Disciplinary History
Condor Capital Wealth Management does not have any disclosures. Please visit it's Form ADV for more details.