Cra Financial Services, L.L.C

CRD#124004
Investment Advisor Firm

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Learn more about Cra Financial Services, L.L.C

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    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

    $966.1 million

    Number of Advisors

    7

    Disclosures

    No

    Office Location

    332 Tilton Road
    Northfield, NJ 08225

    Cra Financial Services, L.L.C by the Numbers

    Total Assets Under Management

    $966.1 million

    National Average: $8.6 billion
    Total Number of Employees

    13

    National Average: 64
    Total Number of Accounts

    3,081

    National Average: 375,227
    Average Account Size

    $313.6 thousand

    National Average: $23.0 thousand
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    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

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • 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.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    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.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show 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

      Hourly

      Show Explanation

      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

      Show Explanation

      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.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      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

      Performance-based

      Show Explanation

      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

      Subscription

      Show Explanation

      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

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    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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    Disclosures

    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

    Jeffrey Hilliard
    Northfield, NJ
    Robert Martin
    Northfield, NJ
    Samantha Swiderski
    Northfield, NJ
    Gordon Shearer
    Northfield, NJ
    Joseph Mccaffrey
    Northfield, NJ
    Donna Savastani
    Northfield, NJ
    Philip Tompkins
    Northfield, NJ
    Jennifer Colon
    Northfield, NJ
    Matthew Reynolds
    Northfield, NJ

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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 profile-compliance@smartasset.com.

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