Author Archives: Klingenstein Fields Wealth Advisors

Andrew Crofton Joins Klingenstein Fields Wealth Advisors as a Managing Director

NEW YORK, N.Y. /ScoopCloud/ -- Klingenstein Fields Wealth Advisors (KFWA), a wealth management firm with approximately $4 billion in assets under management, is pleased to announce that Andrew Crofton has joined the firm as a Managing Director.

In this role, Mr. Crofton will be responsible for advising high-net-worth and institutional clients on a range of wealth, planning and investment management issues, as well as overseeing the growth of the firm's client base.

Mr. Crofton joins the firm from BNY Mellon where he was a Senior Wealth Director advising high-net-worth individuals and families, helping them address complex planning and investment management needs. Prior to that, he held a similar role at U.S. Trust.

Mr. Crofton began his career in institutional fixed income and equity sales and trading. He earned a B.A. in Economics from the University of Pennsylvania.

"Andy's significant experience in serving high-net-worth and institutional clients' investment management needs, combined with his institutional securities trading background, gives him a unique perspective that will strongly benefit our clients," said Kenneth D. Pollinger, CEO and Co-Chairman of KFWA. "We look forward to his involvement and the customized guidance that he will provide to our clients."

More information: https://www.klingenstein.com/.

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Klingenstein Fields Wealth Advisors (KFWA), a wealth management firm with approximately $4 billion in assets under management, is pleased to announce that Andrew Crofton has joined the firm as a Managing Director.

Related link: http://www.klingenstein.com

Klingenstein Fields Wealth Advisors Acquires Assets of The Solaris Group LLC

NEW YORK, N.Y. /ScoopCloud/ -- Klingenstein Fields Wealth Advisors (KFWA), a leading independent wealth advisor based in New York, today announced the acquisition, through its affiliate KF Group LP, of the assets of The Solaris Group, LLC (Solaris), a complementary New York-based wealth advisor. Together, the combined firm will have over $4.0 billion in assets under management.

Under the terms of the transaction, both firms will benefit from shared physical, investment, human, and technology resources. Kenneth D. Pollinger, CEO and Co-Chairman of KFWA, and James W. Fields, President of KFWA, will maintain their roles with the combined entity. Kenneth H. Fields, a founding partner of KFWA, will continue as Co-Chairman and Chief Investment Officer.

Solaris co-founders Ralph Sinsheimer, Albert Bellas, and Stephen Brent Wells will continue in senior positions at the combined firm and will continue to manage Solaris client portfolios and relationships.

"With this transaction, KFWA solidifies its position as one of the top independent Registered Investment Advisers in the country, with a commitment to delivering high-quality wealth management and personalized service," said Kenneth D. Pollinger. "We identified Solaris as an institution with a high caliber of experienced wealth management professionals who share the same client-centric approach to relationship management and stewardship of their clients' assets. We are excited and look forward to the future, with clients from both KFWA and Solaris benefiting from the enhanced resources and capabilities offered."

James W. Fields added, "The addition of Solaris allows KFWA to expand its range of investment management solutions, with Solaris' deep expertise in the creation of multi-manager asset allocation portfolios that include traditional 'long-only' asset classes as well as alternative investments."

More information: http://www.klingenstein.com/.

Klingenstein Fields Wealth Advisors (KFWA), a leading independent wealth advisor based in New York, today announced the acquisition, through its affiliate KF Group LP, of the assets of The Solaris Group, LLC (Solaris), a complementary New York-based wealth advisor. Together, the combined firm will have over $4.0 billion in assets under management.

Related link: http://www.klingenstein.com

Jaime Steers Joins Klingenstein Fields Wealth Advisors as Director, Wealth Advisor

NEW YORK, N.Y. /ScoopCloud/ -- Klingenstein Fields Wealth Advisors (KFWA), a leading wealth management firm with approximately $3 billion in assets under management, is pleased to announce that Jaime Steers has joined the firm as a Director, Wealth Advisor. In this role, Ms. Steers will be responsible for relationship management and advising our individual clients and their families on a range of wealth management issues.

Ms. Steers was most recently in a similar role at Truvvo Partners. She earned her B.A. from Kenyon College and her M.B.A. from Fordham University Graduate School of Business.

"Adding an experienced and dedicated relationship professional like Jaime to our team reinforces our commitment to providing our clients with a high level of expertise and service," said Ken Pollinger, CEO and Co-Chairman of KFWA.

"We look forward to introducing Jaime to our client base who will benefit from her proactive guidance and utilization of all of the resources and solutions that KFWA offers."

More information: http://www.klingenstein.com/.

Klingenstein Fields Wealth Advisors (KFWA), a leading wealth management firm with approximately $3 billion in assets under management, is pleased to announce that Jaime Steers has joined the firm as a Director, Wealth Advisor.

Related link: http://www.klingenstein.com

Klingenstein Fields Wealth Advisors: In Memoriam – Frederick A. Klingenstein

NEW YORK, N.Y. /ScoopCloud/ -- The Members of Klingenstein Fields Wealth Advisors (KFWA) mourn the passing of Fred Klingenstein, a founding member of the firm and Chairman Emeritus. Together with his brother, John Klingenstein, and colleague, Kenneth H. Fields, Fred established the firm in 1989 to provide investment advice and guidance to high-net-worth individuals and families. Prior to KFWA, Fred was CEO of Wertheim & Company and Co-Chairman of Wertheim-Schroder & Company.

Fred also served as Director of several investment funds and publicly held companies. He was also dedicated to giving back to the community, particularly in the areas of education and medical research. He was a Member and former Chairman of the Board of Trustees of the Mount Sinai Medical Center, a Vice Chairman of the Board of Trustees of the American Museum of Natural History and a former Chairman of its Investment Committee. At Mount Sinai, he established the Klingenstein Institute for Medical Science and a scholarship fund honoring his late father Joseph Klingenstein.

Fred and his wife, Sharon, were recipients of the Mount Sinai Noble Deeds Society Honorary award, recognizing their generous long-term commitment to Mount Sinai. In addition, Fred was a former trustee for St. Lawrence University, past President and Chairman Emeritus of Rye Country Day School and past Chairman of the Finance Committee of UJA-Federation of Jewish Philanthropies.

Beyond his many accomplishments and strong leadership that was widely admired, at KFWA, his "second family," we appreciated his passion for investing, for serving clients with the utmost integrity and the warm relationships he had with all. Fred loved KFWA, loved being at work and always led by example. An unassuming man, he could often be found running out to pick up his own lunch from the sandwich place nearby. He was interested in everyone at KFWA, both personally and professionally.

He will be truly missed by all who knew him.

Mr. Klingenstein graduated with a B.A. in Economics from Yale. He was predeceased by his beloved wife of 59 years, Sharon. We extend our deepest sympathy to his children Kathy, Susan, Amy and Lucy, to his eleven grandchildren, two great-grandchildren and to the entire family.

Company Information: http://www.klingenstein.com/.

The Members of Klingenstein Fields Wealth Advisors (KFWA) mourn the passing of Fred Klingenstein, a founding member of the firm and Chairman Emeritus. Together with his brother, John Klingenstein, and colleague, Kenneth H. Fields, Fred established the firm in 1989 to provide investment advice and guidance to high-net-worth individuals and families. Prior to KFWA, Fred was CEO of Wertheim & Company and Co-Chairman of Wertheim-Schroder & Company.

Related link: http://www.klingenstein.com

In Memoriam: John Klingenstein

NEW YORK, N.Y. /ScoopCloud/ -- The members and employees of Klingenstein Fields Wealth Advisors are deeply saddened by the passing of John Klingenstein, one of our founding members and a Principal of the firm.

Together with his brother Frederick A. Klingenstein, and colleague, Kenneth H. Fields, he founded Klingenstein Fields & Company, L.L.C., now known as Klingenstein Fields Wealth Advisors (KFWA), in 1989, to provide investment advice and guidance to high-net-worth individuals and families.

John Klingenstein was also deeply committed to the community and giving back. He served as President of The Esther A. & Joseph Klingenstein Fund for over forty years and was President Emeritus of the Fund at the time of his death.

He was also a trustee of Teachers College, Columbia University, Trustee Emeritus of The Rensselaerville Institute and on the Executive Committee of the Rockefeller University Council.

Mr. Klingenstein graduated from Yale University with a B.E. in Engineering and received an M.S.E. from the University of Michigan. He is survived by his wife Pat Klingenstein, and children, Tom, Nancy, Andy and Sally, ten grandchildren, and one great-grandchild.

The members and employees of Klingenstein Fields Wealth Advisors are deeply saddened by the passing of John Klingenstein, one of our founding members and a Principal of the firm. He is survived by his wife Pat Klingenstein, and children, Tom, Nancy, Andy and Sally, ten grandchildren, and one great-grandchild.

Related link: http://www.klingenstein.com

Klingenstein Fields Wealth Advisors Ranked in Financial Times 2018 Top 300 Registered Investment Advisers

NEW YORK, N.Y. /ScoopCloud/ -- KFWA is pleased to announce it has been named to the 2018 edition of the FT 300 Top Registered Investment Advisers. The list recognizes top independent RIA firms from across the U.S.

This is the fifth annual FT 300 list, produced independently by the FT in collaboration with Ignites Research, a subsidiary of the FT that provides business intelligence on the asset management industry.

In order to be considered for inclusion, RIAs must apply and meet a minimum set of criteria. Applicants are then graded on six factors: assets under management (AUM); AUM growth rate; years in existence; advanced industry credentials of the firm's advisers; online accessibility; and compliance records. Rankings are objective, and the FT receives no remunerations or fees from RIAs.

"KFWA is honored to be included in this impressive group of elite RIA firms, where the "average" practice in this year's list has been in existence for over 22 years and manages $4 billion in assets," said Kenneth D. Pollinger, CEO and Co-Chairman of KFWA. The FT 300 Top RIAs hail from 38 states and Washington, D.C.

Klingenstein Fields Wealth Advisors, a leading wealth management firm with more than $3 billion in assets under management, provides comprehensive wealth planning and investment management for high net worth individuals and families throughout the country.

Disclosures:

The FT 300 is one in a series of rankings of top advisers by the Financial Times, including the FT 401 (DC retirement plan advisers) and the FT 400 (broker-dealer advisers).

The Financial Times 300 Top Registered Investment Advisers is an independent listing produced annually by the Financial Times (June 2018). The FT 300 is based on data gathered from RIA firms, regulatory disclosures, and the FT's research. The listing reflected each practice's performance in six primary areas: assets under management, asset growth, compliance record, years in existence, credentials and online accessibility. This award does not evaluate the quality of services provided to clients and is not indicative of the practice's future performance. Neither the RIA firms nor their employees pay a fee to The Financial Times in exchange for inclusion in the FT 300.

Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended and/or undertaken by Klingenstein Fields Wealth Advisors ("KFWA")), or any non-investment related services, will be profitable, equal any historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. KFWA is neither a law firm nor accounting firm, and no portion of its services should be construed as legal or accounting advice. If you are a KFWA client, please remember that it remains your responsibility to advise KFWA, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. A copy of our current written disclosure statement discussing our advisory services and fees is available upon request or by clicking here ( http://www.klingenstein.com/contact-us/ ). Please read the expanded disclosures in the linked report or by visiting our website at www.klingenstein.com.

More information: http://www.klingenstein.com/.

KFWA (Klingenstein Fields Wealth Advisors) is pleased to announce it has been named to the 2018 edition of the FT 300 Top Registered Investment Advisers. The list recognizes top independent RIA firms from across the U.S. This is the fifth annual FT 300 list, produced independently by the FT in collaboration with Ignites Research.

Related link: http://www.klingenstein.com

Maria Chambers, IACCP, Promoted to Chief Compliance Officer at Klingenstein Fields Wealth Advisors

Klingenstein Fields Wealth Advisors, NEW YORK, Maria Chambers IACCP, compliance oversight /ScoopCloud/ -- Klingenstein Fields Wealth Advisors (KFWA), a leading wealth management firm with more than $3 billion in assets under management, is pleased to announce that Maria Chambers, Vice President, has been promoted to Chief Compliance Officer at the firm. Ms. Chambers' responsibilities include administering KFWA's compliance program, overseeing day to day compliance needs, maintaining and developing compliance policies, procedures and processes.

"Maria provides proactive insights regarding the complex issues our clients may face. Her in-depth expertise and dedication to providing compliance oversight helps us deliver the highest level of client service and reporting," said Kenneth D. Pollinger, CEO and Co-Chairman of KFWA.

Ms. Chambers joined KFWA in 2014 as Deputy Chief Compliance Officer with broad-based experience in investment management compliance. Before joining KFWA, she was a Vice President and Senior Compliance Officer at Guggenheim Partners Investment Management, where she and her team were responsible for investment guidelines and trade compliance, compliance risk assessment, overseeing annual review and testing, as well as mutual fund reporting and functioning as a general resource to investment management personnel.

Prior to that, Ms. Chambers was a Compliance Officer at Morgan Stanley Investment Management, overseeing the compliance program for the firm's ultra-high net worth custom separately managed account and wrap account platforms, representing compliance in the strategic acquisitions of advisers and managing a team responsible for the North American compliance risk assessment and testing program and sub-adviser oversight.

Ms. Chambers holds the Investment Adviser Certified Compliance Professional (IACCP) designation. She graduated cum laude from Fordham University with a B.A. in Economics, a minor in Philosophy and a Certificate in Business Administration. She was also inducted into Fordham's Beta Rho Chapter of the National Honor Society.

More information: http://www.klingenstein.com/.

Klingenstein Fields Wealth Advisors (KFWA), a leading wealth management firm with more than $3 billion in assets under management, is pleased to announce that Maria Chambers, Vice President, has been promoted to Chief Compliance Officer at the firm. Ms. Chambers' responsibilities include administering KFWA's compliance program, overseeing day to day compliance needs, maintaining and developing compliance policies, procedures and processes.

Klingenstein Fields Wealth Advisors’ SVP Jonathan B. Roberts, CFA, CIC, Delivers Opening Remarks at Investment Adviser Association’s 2016 Annual Leadership Conference

NEW YORK, N.Y., May 11, 2016 (SEND2PRESS NEWSWIRE) -- Jonathan B. Roberts, Chief Compliance Officer and Senior Vice President at KFWA (Klingenstein Fields Wealth Advisors), a leading wealth management firm with approximately $3 billion in assets under management, welcomed attendees with insightful opening remarks at the Investment Adviser Association's (IAA) 2016 Annual Leadership Conference.

Mr. Roberts discussed the strong growth in the investment adviser industry and the challenges that accompany it, including heightened regulatory and public scrutiny, greater competition and the increased complexity of investment management.

According to Mr. Roberts, regulatory oversight, in particular, is a topic of focus from an array of organizations and agencies, from the SEC and FINRA to banking regulators, the Treasury and the Financial Stability Oversight Council, as well as the Department of Labor, which has recently expanded their definition of fiduciary.

"The demographics of an aging population are engendering an increased focus on retirement issues and the need for advice," stated Mr. Roberts. He went on to talk about the crucial role that the IAA plays in working with legislators and regulators in representing the investment adviser community, helping to develop appropriately tailored regulation, as well as to uphold fiduciary standards. "A core part of the IAA's mission is to promote and preserve the highest standard of fiduciary duty that is the bedrock of the Investment Advisers Act of 1940," Mr. Roberts remarked.

Mr. Roberts urged attendees to remember that "fiduciary advice is critical for clients and their financial futures." He closed by reviewing the critical role the IAA plays in advocating for investment advisers and their clients, reminding participants of how important it is to get involved and work together to "strengthen their individual businesses and the overall standing of our profession."

Mr. Roberts serves as Chair of the IAA's Board of Governors.

More information: http://www.klingenstein.com/.

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NEWS SOURCE Klingenstein Fields Wealth Advisors :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Klingenstein Fields Wealth Advisors releases publication on alternative investments

NEW YORK, N.Y., Nov. 23, 2015 (SEND2PRESS NEWSWIRE) -- Klingenstein Fields Wealth Advisors has released a white paper discussing the role of alternative investments in a diversified portfolio. Many investors today are looking for new sources of diversification and uncorrelated sources of return. As a result, alternative investments have experienced significant growth, particularly among high-net-worth investors.

"There are many different types of alternative investments, each of which can serve different roles in a thoughtful asset allocation strategy," says James Fields, President of Klingenstein Fields Wealth Advisors. "A primary reason for including alternatives in a portfolio is to try and improve the risk/return profile. Other goals include enhancing overall returns or providing additional sources of income."

The introduction of liquid alternative funds has widened the access of alternative strategies to individual investors. Alternatives offered in a mutual fund structure are highly regulated, offer daily liquidity and typically allow lower minimum investment amounts.

As alternative strategies have increased in popularity and availability, more wealthy investors are considering whether an allocation to alternatives is appropriate for their portfolios. Klingenstein Fields Wealth Advisors' paper provides an introduction to the complex world of alternative investments and their role within a diversified portfolio, including the different types and the opportunities and risks associated with them.

More information: http://www.klingenstein.com/.

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Important Disclosures:

This is not an offer to sell or solicitation of a purchase of any security or investment. Investors should consider the investment objectives, risks, charges and expenses before making any investment. Past performance is not indicative of comparable future results. All investments have inherent risks. Investors are urged to consider carefully whether such services in general, as well as the products or strategies discussed in the referenced material, are suitable to their needs. This material is distributed with the understanding that it is not rendering accounting, legal or tax advice. Please consult your legal or tax advisor concerning such matters.

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NEWS SOURCE Klingenstein Fields Wealth Advisors :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2015 Send2Press® Newswire, a service of Neotrope®.