Edition 22

At Coastal Bridge Advisors, we combine our extensive financial expertise with an intimate knowledge of our clients. We offer a comprehensive suite of services and are committed to building client relationships and strategies that transcend market-driven barriers.

In the following essays, various team members from Coastal Bridge Advisors provide insights into how we operate and best serve our clients.  Published exclusively in Worth magazine, these articles should inform your views of financial well-being and foster a more intelligent approach to fulfilling your personal goals.

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Results For : Working With A Wealth Management Firm Doing Your Due Diligence

Why are so many advisers joining the independent ranks?

The marketplace for wealth-management services has been undergoing a period of significant evolution, with the pace of change accelerating in recent years. In my view, these changes have improved the quality of service. Today, many investors view traditional Wall Street business models as antiquated and conflict-ridden. While many of the Street’s banks and brokerage houses …

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Why is cybersecurity important, and what steps should an advisory firm take to ensure that clients have it?

By: Liz Perez There is little doubt technology has had a positive effect on the lives of countless people worldwide. However, technology also has its dark side: Cybercrime itself may well be the single most profitable criminal endeavor of all time. The numbers of individuals and businesses impacted by digital attacks and data breaches are …

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What is the standard of care I should expect of my advisor?

By: Jeff Fuhrman The complexities of the financial services industry are well documented. That’s why many investors navigate a path to financial well-being by seeking the services of a financial advisor. However, even the most sophisticated among us can have a difficult time choosing an advisor we trust, one who has our best interests in …

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What role does compliance play with registered investment firms, and why is it important to you?

“What role does compliance play with registered investment firms, and why is it important to you?” By: Jim Pratt-Heaney Registered Investment Advisors have a fiduciary duty to their clients. This means that they have a fundamental obligation to act and provide investment advice in their clients’ best interest. For SEC-registered firms, the Commission dictates that …

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What security measures does your advisor have in place to protect against fraud?

“Protecting the security of your assets is of paramount concern and we’re constantly evaluating our policies and procedures to be sure yours are in safekeeping.” Jim Pratt-Heaney Globalization has driven dramatic economic, political and technological advances. At the same time, our inter-connected world has contributed to a notable increase in the frequency and sophistication of …

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Why Is It Important To Work With A Well Managed Financial Advisory Firm?

“A well-managed firm is effective at recruiting and retaining the best and brightest. A motivated, high-caliber team with longstanding tenure will produce an unsurpassed level of work, to the clients’ benefit.” Jeff Fuhrman When the attributes of a successful financial advisory firm are discussed, metrics such as assets under management, revenues and earnings are most …

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Investment fees: Do you really know what you are paying?

“As veterans in this industry, we are disturbed that the real cost to the client is often not clearly disclosed.” —Jim Pratt-Heaney Imagine you have just had a physical. The doctor says that if you do not take immediate action to treat a disease you have, you could die. So what is your  first step? Do you …

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What should I know when selecting a financial advisor?

“Ninety percent of investors are not confident in their investment plan.”– Kevin Burns How does an investor know whom to trust? According to a 2009 survey1, only 26 percent of responders believe that Wall Streeters are honest.  How can you find an advisor you are confident is trustworthy? Ask the following about your current …

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