Cra Financial Services, L.L.C
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Learn more about Cra Financial Services, L.L.C
Cra Financial Services, L.L.C operates as a financial advisor firm that has its headquarters in Northfield, New Jersey. It handles $966.1 million in total assets throughout 3,081 client accounts, placing it among the bigger firms in the nation by assets under management (AUM). It has a small team, including 7 financial advisors. Cra Financial Services, L.L.C does not act as a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer firm to do so. Securities are tradable fiscal investments like bonds, equities and options.
Cra Financial Services, L.L.C administers more than half of the firm's accounts in a discretionary manner. Discretionary management means that buy and sell choices for the client's account are made by a portfolio manager without needing to seek the client's consent. It also has 832 non-discretionary accounts with a total of $220.0 million in AUM. The advisory firm's typical account size is $313,564. The typical advisor at Cra Financial Services, L.L.C oversees about 440 client accounts.
The company's main office is located at 332 Tilton Road, Northfield, New Jersey 8225. It is permitted to provide services to clients throughout 13 U.S. states and territories.
Assets Under Management
Number of Advisors
Cra Financial Services, L.L.C by the Numbers
Products and Services
Cra Financial Services, L.L.C provides a number of financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services and selection of other advisers. In the last financial year, Cra Financial Services, L.L.C provided 251-500 of its customers with financial planning services. The firm is involved in selling products or offering services apart from investment advice to its clients. It is affiliated with a number of other service providers in the financial services industry, including with an accountant or accounting firm.
Core Advisor Services
Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
Offered by 46% of firms
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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This is the hosting of seminars or workshops to educate investors on financial concepts.
Financial management fees largely are based on which services are offered. However, fees charged by Cra Financial Services, L.L.C likely consist of any blend of the following fee structures: asset-based, hourly or fixed. The company does not participate in a wrap fee program, in which the company offers a service bundle for a single fee.
Offered by 69% of firms
Percentage of AssetsShow Explanation
This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.
Offered by 21% of firms
Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.
Offered by 32% of firms
Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.
Find one of the 1% of firms that offer this fee type
Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.
Find one of the 26% of firms that offer this fee type
Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.
Find one of the 0% of firms that offer this fee type
Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.
Find one of the 10% of firms that offer this fee type
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
The firm does business with a number of different investors. The firm works with retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 3,081 accounts, Cra Financial Services, L.L.C's largest client by number of accounts is retail investors, but it also manages money for 209 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the firm's customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 18.53%
- Other Individuals - 72.7%
- Corporations - 7.98%
- Charitable Organizations - 0.8%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Cra Financial Services, L.L.C does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Cra Financial Services, L.L.C
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact firstname.lastname@example.org.
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