Condor Capital Management

Explore: How COVID-19 Has Changed Consumer Behavior and the Future of Retail

How COVID-19 Has Changed Consumer Behavior and the Future of Retail

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.1

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Condor Capital Wealth Management’s Ken Schapiro and Jeanette Lucas Selected as Five Star Wealth Managers for 2021

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”
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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 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.

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

Condor Capital Wealth 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 Wealth Management

Founded in 1988, Condor Capital Wealth 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 Wealth Management, please visit https://www.condorcapital.com or call 732-356-7323.

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

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

Founded in 1988, Condor Capital Wealth 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 Wealth Management, please visit https://www.condorcapital.com or call 732-356-7323.

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