Since the pandemic began, disruptions in business activity have varied greatly from region to region, and often from one week to the next, according to the severity of local COVID-19 outbreaks. Unfortunately, many of the official government statistics used to gauge the health of the U.S. economy are backward looking and somewhat delayed.Continue reading “High-Frequency Indicators: Where to Look for Signs of Recovery”
Ken Schapiro, president of Condor Capital Wealth Management, has been listed in Barron’s ranking for the Top 1,200 Financial Advisors in 2021. This makes the fifth consecutive year he has placed in this ranking, and he is now #26 in the state of New Jersey, rising five places since 2020.
“It’s an honor to be selected by Barron’s again,” said Schapiro. “We have always placed the client first in everything we do, and I’m glad to see that this commitment is being recognized. All of the staff at Condor Capital work hard to deliver nothing but the best service to our clients and strive to be transparent in all they do.”
Condor Capital Wealth Management is an employee-owned, SEC-registered investment advisor employing 22 professional and support staff. Condor has been located in Martinsville, N.J. for over 25 years and has enjoyed being part of and servicing the local community and out-of-state clients. For Condor, the client always comes first; fees are based only on portfolio size, not sales commissions or number of trades. As a true fiduciary, Condor is always working in a client’s best interest. Advisors take the time to identify clients’ short- and long-term goals, risk tolerance, tax issues, and other concerns to construct a well-diversified portfolio and ensure clients always have a plan in place.
In this year’s application process, data was provided by advisors across the nation to evaluate top advisors by state. As per Barron’s report, various factors that are taken into consideration for the rankings include: assets under management, revenue generated for the firm, regulatory record, quality of practice, and philanthropic work. With these metrics, Barron’s is able to pinpoint those who provide excellent levels of service to create a comprehensive directory of trustworthy advisors for clients who may be seeking assistance in investing, financial planning, and other services.
To view more information on the award and our other accolades, please click here. To view the Barron’s Top 1,200 Financial Advisors list, please click here. The Barron’s directory listing for Ken Schapiro may be accessed here.
For more information on Condor Capital Wealth Management, please visit https://www.condorcapital.com or call 732-356-7323.
We at Condor Capital Wealth Management are honored to announce that Ken Schapiro, Founder and President, has been recognized in the 2021 Forbes Best-In-State Wealth Advisors ranking. He is ranked #26 among high-net-worth investment advisors in north New Jersey. This marks the second consecutive year he has placed in this ranking.Continue reading “Condor Capital’s Ken Schapiro Ranked in Forbes’ 2021 Best-In-State Wealth Advisors List”
U.S. retail sales suffered in the spring of 2020 due to safety concerns, government-mandated lockdowns, and economic uncertainty wrought by the coronavirus pandemic. Sales — including purchases at stores, restaurants, and online — plunged from $483.95 billion in March to $412.77 billion in April, a record 16.4% drop.1Continue reading “How COVID-19 Has Changed Consumer Behavior and the Future of Retail”
Condor Capital Wealth Management is pleased to announce that our President, Ken Schapiro, and Vice President of Portfolio Management, Jeanette Lucas, have been selected as Five Star Wealth Manager award winners. This marks the tenth and first times they have received this award respectively.Continue reading “Condor Capital Wealth Management’s Ken Schapiro and Jeanette Lucas Selected as Five Star Wealth Managers for 2021”
In light of a recent millionaires tax in New Jersey that increases state taxes by 20 percent for individuals with incomes of $1 million and higher, many believe that high earners have been incentivized to leave the state. While that may be the case for some, for others, it would take more than increased taxes for them to move elsewhere.
Condor Capital Wealth Management’s president, Ken Schapiro, who is also a member of Tiger 21, an investment group with members whose net worths may be tens of millions of dollars, recently had several comments on this.
“It wouldn’t be higher taxes,” he said. “I have too many business ties. I own a tennis club here. I have friends and family here. Look, if they double the taxes, I might do it.”
“The difference between 10.75 percent and 8.75 percent won’t necessarily pay for a second home, but the whole number will for sure,” he also said, referencing the new and old tax rates for millionaires in New Jersey. “But in general, I usually tell people to make decisions based on goals and objectives and worry about the taxes secondary.”
To read the full article of “Why These Millionaires Are Staying Put Despite a New Tax on Them” by Paul Sullivan, please click here.