Pathstone Co-CEO Steve Braverman ranked #7 and Managing Director Jeff Scheer ranked #12 in the North New Jersey (Private Wealth) category of the Forbes 2021 Best-In-State Wealth Advisors List.
Click to view the Forbes 2021 Best-In-State Wealth Advisors List.
Advisors are ranked based on the following criteria: 7 years as an Advisor; minimum 1 year at current firm, with exceptions (acquisitions, etc.); advisor must be recommended, and nominated, by Firm; completion of online survey; over 50% of revenue/production/premiums must be with individuals; acceptable compliance record; deep due diligence for every candidate. Quantitative criteria: revenue/production; weightings assigned for each; assets under management—and quality of those assets—both custodied and a scrutinized look at assets held away. (Although individual numbers are used for ranking purposes, we publish the entire team's assets.); client-related data, such as retention; portfolio performance is not a factor; audited returns among Advisors are rare, and differing client objectives provide varying returns. Qualitative criteria: telephone, Zoom and in-person meetings with Advisors (if an in-person meeting cannot be accomplished, exceptions are considered in which the interview will occur after a ranking has been published); Disclosures & Compliance records. Some "dings" can be overlooked (e.g., firm or product failure beyond the scope of an Advisor's due diligence; the older a ding, the less we look). Since there are many gray areas, the SHOOK team is willing to listen to a Firm that is willing to stand behind the Advisor with written support from leadership. SHOOK Research does not receive a fee in exchange for rankings.