NAPFA Board of Directors Elects its 2010-2011 Board Members
Annoucement: Stonegate Wealth Management's very own Steve Craffen has been elected to serve on NAPFA's Northeast Regional Board of Directors. We are very honored that he has received the opportunity to serve in such a position, and very proud of his achievement.
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Click here to view the entire election results.
Stonegate Wealth Management and Family Financial Research Announce Merger
Stonegate Wealth Management, LLC, and Family Financial Research, LLC, both Registered Investment Advisers, announced today that they have merged their businesses.
Stonegate Wealth Management, LLC, a nationally recognized firm located in Fair Lawn, New Jersey, has been consistently ranked as a Top Wealth Manager by Bloomberg Magazine.
Family Financial Research, LLC, in Clermont, Florida, has experienced steady growth even in the past two years of economic downturn. As a result of the merger, the combined assets under management will be approximately $210 Million.
“Investors have been facing challenges since the downturn began,” said Cary Carbonaro, President and founder of Family Financial Research. “Such challenges highlighted a growing need for Family Financial Research to seek enhanced technical support, research, and access to new investment strategies and opportunities. Those were the drivers to merging Family Financial Research with Stonegate Wealth Management,” said Carbonaro.
Stephen Craffen, co-founder and partner at Stonegate Wealth Management said: “We are pleased to be merging with Family Financial Research. Both our firms operate on a fee-only basis and share a common vision regarding the importance of the fiduciary responsibility that we have to our clients. This was a significant positive factor as we discussed merging our businesses.”
The combined firm will use the name Stonegate Wealth Management, LLC, and will have offices in Fair Lawn, New Jersey, Huntington, NY, and Clermont, Florida.
For more information on Stonegate Wealth Management, contact Steven Craffen at stevec@stonegatewealth.com or Cary Carbonaro at caryc@stonegatewealth.com. Both can be reached at 201-791-0085.
Tom Completes AIFA Designation
Thomas Geraghty completed the Accredited Investment Fiduciary Analyst™ (AIFA). AIFA designees' primary function is to perform, or assist in, assessments of an Investment Steward's, Advisor's, or Manager's conformance to a Global Fiduciary Standard of Excellence using fi360's ISO-like procedure of assessment. AIFA designees possess the ability and knowledge to advise clients of deficiencies in investment processes. It is also the required mark to perform a CEFEX Fiduciary Certification, the independent recognition of a fiduciary's conformity to all fiduciary Practices and Criteria.
Steve Named as Top Advisor by Worth Magazine
WORTH Magazine has recognized Steve Craffen, MBA, CFA, Stonegate Wealth Management, Inc., as one of an elite group of wealth advisors. Advisors are chosen for their expertise, integrity and dedication to the field of wealth management. The list of only 250 individuals across the country will be published in the October/November 2008 issue of WORTH magazine. Hundreds of advisors vie for the honor. The executives selected for the honor are the result of months of extensive research and rigorous analysis by WORTH Magazine's staff.
The professionals who earn this distinction are chosen for their outstanding expertise, insight, trustworthiness and commitment to their clients' needs. The magazine says this exclusive group of executives represents the very finest that the wealth management profession has to offer.
Third Party Endorsement Received
Stonegate Wealth Management, Inc., received the third party endorsement as a top New Jersey advisory firm in two industry magazines for financial professionals, Investment Advisor Magazine, (www.ia-mag.com) and Wealth Manager magazine (www.wealthmanagermag.com).
Steve Elected to Regional Board of the National Association of Personal Financial Advisors (NAPFA)
Steve Craffen was elected to serve on NAPFA's Eastern Regional Board. He will serve as study group director for the eastern region. Board members serve for a term of two years. Read his NAPFA Comprehensive Financial Manager Diagnostic.