Stephen C. Craffen
Senior Wealth Manager
Stephen C. Craffen is a Partner and Senior Wealth Manager at Stonegate Wealth Management. Steve worked as an engineer for about 10 years before changing careers and joining Prudential. After a few years, he became disenchanted with the sales-oriented approach to delivering financial advice since it did not have the client’s best interests at heart and he believed strongly in the value of financial planning. He left Prudential and founded Stonegate Wealth Management in 1993 and for a time did accept commissions. After a few years, he realized that accepting any commission is too fraught with potential conflicts so Stonegate became fee-only in 1998 and joined the National Association of Financial Planners (NAPFA), the premier organization for fee-only advisors. Steve feels so strongly about this organization and its mission to “fix” the way advice is delivered to consumers that he has been involved as a volunteer for many years in many roles, serving as eastern region chair and president and as past National Chair (2018/2019). NAPFA membership was a natural fit for us since we believe the client comes first and that providing detailed financial planning is key to the success of our clients. NAPFA’s requirement for continuing education (60 hours every two years) also fits right into our philosophy that you can never stop learning if you want to really help clients. Steve's NAPFA Financial Advisor Diagnostic. Steve loves helping people organize the financial aspects of their lives and planning for their future whether it will be for early retirement, buying a second house or even just helping to provide a feeling of security in knowing that you can achieve your goals and dreams in life. He particularly likes to work with executives, professionals, and business owners. You may contact him at email@example.com or by phone at 201-791-0085 to schedule a meeting to get acquainted and to see if we are the right fit for you. Steve’s hobbies include photography, cooking, and sports cars. He stays in shape through weightlifting and karate (black belt, Shotokan). He enjoys playing with his 2 dogs; don’t mention them or you’ll have to see their pictures! He is married and has a 15-year-old daughter who he hopes one day will go into this field.
EDUCATION & CERTIFICATIONS
Steve is a former engineer (Stevens Institute, BE, ’77). He left that field because he prefers to work with people and had a passion for finance. Steve also received an MBA in finance and an MS in financial planning. Steve’s training in engineering leads him to be very detail oriented which greatly benefits clients since financial planning is a “snapshot” of the future. The more accurate the “snapshot” the more accurate the projections. Steve is a Certified Financial Planner™ (CFP™) professional, and he holds the Chartered Financial Analyst designation (CFA), recognized as a hallmark of excellence in securities analysis throughout the world. In addition, Steve has also earned the Chartered Financial Consultant (ChFC) and Chartered Life Underwriter (CLU) certifications.
Steve is a member of the National Association of Personal Financial Advisors, (NAPFA). NAPFA is the nation's premier organization of Fee-only financial advisors. NAPFA members adhere to a strict code of ethics and sign an oath stating they will not accept compensation from any third party and will not accept commissions of any kind. Steve served on NAPFA's North East/Mid-Atlantic Region board for six years and is a past Chair (2013/2014) and past President (2012/2013) of the region. He is currently serving as a member of NAPFA's National Board and he is Chair with his one year term as National Chair starting September 2018. He is also a member of the CFA Institute (formerly the Association for Investment Management Research. (AIMR)), and the New York Society of Securities Analysts (NYSSA). Steve's NAPFA Financial Advisor Diagnostic.
SELECTED SPEAKING ENGAGEMENTS
Steve appeared on CNNfn's show "Open House," hosted by Gerri Willis. Steve discussed real estate including home ownership and owning investment properties.
Steve is often quoted by local and national publications including Investor’s Business Daily, The Chicago Tribune, Bloomberg Personal, Business Week Online, the Associated Press, the Bergen Record, Investment News, Financial Advisor Magazine, the Newark Star Ledger, the Daily Record, the Smart Money Guide to Real Estate, (Gerri Willis, author) and the Physician's Personal Advisory. He has written articles for the American Association of Individual Investors, the NAPFA Advisor and the Bergen Record. He has also appeared in the Wall Street Journal's print and online editions.