Condor Capital Management

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President Ken Schapiro Quoted in New York Times Article “Why These Millionaires Are Staying Put Despite a New Tax on Them”

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 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.

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Condor Capital Management Ranked #287 in FA’s 2020 Annual RIA Ranking

Condor Capital Management is proud to announce that we have been recognized as a top registered investment advisor (RIA) in FA’s 2020 Annual RIA Ranking. Condor Capital is listed as #7 in the state of New Jersey and #287 overall in the ranking.

With a readership of 110,000 qualified subscribers every month, Financial Advisor delivers crucial strategies and information about the markets to financial planners, RIAs, and independent broker-dealers. Each year, the publication conducts a survey to determine the best RIAs in the country based on information submitted by individual firms. Companies are ranked based on the total of their discretionary and nondiscretionary assets, percentage growth in total assets, and percentage growth in assets per client.

About Condor Capital Management

Founded in 1988, Condor Capital Management is an employee-owned, SEC-registered investment advisor based in Martinsville, N.J., employing 20 professional and support staff. Since Condor is a fee-only investment management firm, its fees are based on portfolio size, not sales commissions or number of trades. As a true fiduciary, Condor is always working in a client’s best interests and utilizes an integrated approach to investment management that includes thorough financial planning advice on a complimentary, as-needed basis.

For more information on Condor Capital Management, please visit https://www.condorcapital.com or call 732-356-7323.

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Condor Capital Management Listed in investor.com’s 2020 Top 100 Financial Advisor Firms in Colorado

Condor Capital Management is pleased to announce our placement in investor.com’s 2020 Top 100 Financial Advisor Firms in Colorado ranking. This prestigious list marks top firms throughout the nation with at least one location in Colorado that have demonstrated an exceptional commitment to putting their clients’ best interests first and foremost.

The analysis for the list was conducted using data as of June 1, 2020 and investor.com’s latest Trust Algorithm update. Through this methodology, various data points collected from sources, such as the FINRA Broker Check, SEC IAPD, state regulator databases, and professional designation websites, are sorted and weighted individually to determine a star rating for each firm. Firms with a score of at least 85 points or higher, equivalent to a 4.5 star rating or more, qualify for the “Trusted by investor.com” badge.

For Condor Capital Management’s directory listing on investor.com, please click here.

Founded in 1988, Condor Capital Management is an employee-owned, SEC-registered investment advisor based in Martinsville, N.J., employing 20 professional and support staff. Since Condor is a fee-only investment management firm, its fees are based on portfolio size, not sales commissions or number of trades. As a true fiduciary, Condor is always working in a client’s best interests and utilizes an integrated approach to investment management that includes thorough financial planning advice on a complimentary, as-needed basis.

For more information on Condor Capital Management, please visit https://www.condorcapital.com or call 732-356-7323.

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Condor Capital’s Ken Schapiro Listed in Barron’s Top 1,200 Advisors Ranking for 2020

Condor Capital Management is pleased to announce that our president, Ken Schapiro, has been selected in Barron’s Top 1,200 Advisors Ranking. He is currently #31 in the state of New Jersey for 2020. This marks the fourth consecutive year he has attained this prestigious honor.

“I’m honored to be selected again by Barron’s. We are always working harder to improve our client service, and these kinds of results show that our efforts are paying off,” said Schapiro. “We’ll keep striving higher. At Condor, it has always been a team effort, and my entire staff deserves credit for all the work they’ve done.”

In this year’s especially competitive application process, data was provided by around 4,000 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 provide a comprehensive directory of trustworthy advisors for clients who may be seeking assistance in investing, financial planning, and other services.

For Ken Schapiro’s directory listing on Barron’s, please click here.

Founded in 1988, Condor Capital Management is an employee-owned, SEC-registered investment advisor based in Martinsville, N.J. employing 20 professional and support staff.  Since Condor is a fee-only investment management firm, its fees are based on portfolio size, not sales commissions or number of trades. As a true fiduciary, Condor is always working in a client’s best interests and utilizes an integrated approach to investment management that includes thorough financial planning advice on a complimentary, as-needed basis.

For more information on Condor Capital Management, please visit https://www.condorcapital.com or call 732-356-7323.

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Condor Capital Management Selected by NJBIZ for Best Places to Work in NJ Award for 2020

We are pleased to announce that Condor Capital Management has been chosen this year for NJBIZ’s Best Places to Work in New Jersey award as part of the “small company” category. This marks the eighth year we have qualified for placement in this prestigious list. To view the full list of winners, please click here.

Through a program that conducts confidential surveys of employees, NJBIZ gathers feedback on different employers to offer insights into the most well-liked workplaces in the state. This data is used to analyze various facets of each company, including but not limited to employee benefits, work-life balance, salary, and culture. These factors are all taken into consideration in generating a list of top-ranking employers.

“We take pride in fostering a positive environment that allows our employees to be fully engaged and fulfilled in their work. If you asked anyone in our team, I think you would hear the same thing,” said Chief Compliance Officer Michael Walliser. “It’s important to us that we provide our clients with the best possible service, and to achieve that, it’s also important to make sure our people are happy with what they do. We’re honored to be recognized by NJBIZ this year.”

Founded in 1988, Condor Capital Management is an employee-owned, SEC-registered investment advisor based in Martinsville, N.J. employing 20 professional and support staff.  Since Condor is a fee-only investment management firm, its fees are based on portfolio size, not sales commissions or number of trades. As a true fiduciary, Condor is always working in a client’s best interests and utilizes an integrated approach to investment management that includes thorough financial planning advice on a complimentary, as-needed basis.

For more information on Condor Capital Management, please visit https://www.condorcapital.com or call 732-356-7323.

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