Mr. Capell, CEO of Piermont, has been educating and assisting individuals and families with retirement, financial, & estate planning for over 20 years. He focuses on each client's financial needs, be it capital preservation or growth, income at retirement, and/or tax planning. Upon constructing a financial plan, Mr. Capell builds a portfolio asset allocation suitable to his client's objectives and risk tolerance. Philip is married with two sons and a daughter residing on Long Island. He is a multi-marathon finisher and an Ironman triathlon finisher.
Education:
College: Cornell University, Ithaca, New York, B.S. 1987.
Law School: Washington School of Law, American University, Washington D.C., J.D. 1990.
Graduate School: Pace University, New York, New York, M.S. in Taxation 1998.
Memberships, Organizations & Offices:
National Association of Personal Financial Advisors-accepted Member of the Nation's premier Fee-only Financial Planning organization.
Financial Planning Association - member.
Community, Articles & Pro Bono Activities:
Monthly Guest speaker on Hofstra University's Bottom Line Benefit Talk show (WRHU 88.7 FM)
Past Lecturer for Charles Schwab, Merrill Lynch, HSBC, MorganStanley (f/k/a Salomon SmithBarney), HSBC (f/k/a Republic National Bank), GreenPoint Bank, Mutual of New York Insurance, New York Life Insurance, MetLife Insurance, American Cancer Society, the New York State Society of CPAs, the New York State Bar Association, and the Nassau County Bar Association.
PIERMONT prides itself on helping investors plan for RETIREMENT; or if already retired, then on maximizing their RETIREMENT income and investment returns. Our team of experienced financial professionals focuses on providing RETIREMENT SOLUTIONS to Pre-retirees and Retirees. As an independent, non-commissioned/fee-only firm, we offer a FREE CONSULTATION so that we can understand your needs & objectives. Once we establish your financial plan, our investment team is able to manage your portfolio. We use an asset allocation investment strategy so as to maximize returns in light of your risk tolerance. We are confident we can help you achieve your financial goals and look forward to hearing from you.
General Information |
| Firm Start Year: | 2000 | |
| No. of Employees: | 5-9 | |
| Name of Custodial Firm: | Charles Schwab / TD Ameritrade |
| Number of Years with Current Firm: | 14 |
| Work Experience: | After practicing as a Tax Attorney (partner) for several years, I started Piermont in 2000 as a Fee-only (non-commissioned based) Wealth Management firms in New York. |
| Advisory Services Provided: | Financial Advice & Consulting, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Financial Planning for Individuals, Financial Planning for Businesses, Estate Planning & Trusts |
Services |
| Investment Types: | Bonds, Mutual Funds, Exchange Traded Funds (ETFs), Stocks |
| Can meet clients in the following ways: | Your Home, Our Office, Phone, Your Office, Email |
Qualifications & Memberships |
| Financial Organization Memberships: | National Association of Personal Financial Advisors (NAPFA), Financial Planning Association (FPA) |
| Non-Financial Organization Memberships: | Nassau Bar Association |
Firm Information |
| Firm's Number of Clients: | 100+ |
| Firm's Number of Planning Clients: | 100+ |
| Firm's Number of Managed Clients: | 100+ |
| Assets Managed by Firm: | $100M-$200M |
| Advisor's Number of Clients: | 100+ |
| Advisor's Number of Managed Clients: | 100+ |
| Advisor's Number of Planning Clients: | 100+ |
| Assets Managed by Advisor: | $100M-$200M |
Compensation and Fees |
| Fee Structure: | Fee-Only |
| Minimum Portfolio Size for New Managed Accounts: | $500,000 |
| Fee % Based on Assets: | .85% |
| Additional Details on Charges: | Piermont typically does not charge additional fees for financial planning services. Such services are part of wealth management and are needed to properly serve our clients. Our annual average fee is approx. .85% of the value of the assets we manage for our clients. |
Education |
| BS degree | Cornell University
- Ithaca, New York - |
Financial Services |
| Retirement Planning
Whether you are retired, about to retire, or are still saving for that chapter of your life, we, Piermont Wealth Management, can help you create and implement the right investment strategy. Our financial planning services include retirement planning, investment management, and financial planning. To best identify and understand your goals and objectives, we utilize a five-step process, which includes: 1. Consultation 2. Discovery 3. Strategy 4. Implementation 5. Review This process enables us to create a financial plan that works best for you. Even once your financial plan has been created and initiated, we will meet with you periodically to discuss any possible adjustments to your plan and confirm that your goals are being satisfied. At Piermont Wealth Management, we strongly believe that independent, fee-only advice yields the best financial solutions. It comes from our long-standing philosophy of providing ethical, conflict-free service and placing our clients' needs first. This is why we do not receive a sales commission for our services or try selling a financial product to our clients. As a fiduciary on our clients' accounts, we are completely independent, objective, and commission-free, and are registered as such with the U.S. Securities and Exchange Commission. As our client, you deserve reliable and trustworthy financial planning services and conflict-free advice. |
FAQs |
Why should I choose you as my financial advisor?I am a certified financial planner and tax/estate planning attorney. I have a Bachelor's degree from Cornell University, a Law degree from American University and a Masters in taxation from Pace University. |
What are your qualifications? What is your education background?Your financial needs and goals dictate the financial planning process. Typically, we gather your financial information, tax status, family make-up and create a financial plan that is particular to you. Then, we build and asset allocation and investment strategy that meets with your risk tolerance and financial plans. We use a comprehensive approach to ensure that you are financially protected. |
How are you compensated? How will I pay for your services?We do not sell products. We do not make any commissions. We are completely objective, fee-only advisors. Our fee is calculated calendar quarterly as a percentage against the total value of your accounts managed by Piermont. Our annual average fee is less than 1%. |
If you are going to manage my account, will you obtain my permission every time you buy or sell something?Our clients provide us discretion to manage their accounts. |
How many clients do you currently manage?We work with over 100 families. |
Disclosures |
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WiserAdvisor provides referrals to financial professionals. WiserAdvisor is not a current client of advisor or advisory services. Financial professionals pay cash compensation for these referrals, which creates the incentive for WiserAdvisor to make these referrals, resulting in a conflict of interest. At certain places on this Piermont Wealth Management Inc. Internet site, live 'links' to other Internet addresses can be accessed. Such external Internet addresses contain information created, published, maintained, or otherwise posted by institutions or organizations independent of Piermont Wealth Management Inc. Piermont Wealth Management Inc. does not endorse, approve, certify, or control these external Internet addresses and does not guarantee or assume responsibility for the accuracy completeness, efficacy, timeliness, or correct sequencing of information located at such addresses. Use of any information obtained from such addresses is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference therein to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by Piermont Wealth Management Inc. |
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Additional Detailed Disclosures |
Disclaimer |
| see www.piermontwealth.com |
Registered Investment Advisor:
Yes
Registered Representative:
Yes
Investment Advisor Representative:
Yes
| Mon. | 9:00 AM - 5:00 PM |
| Tue. | 9:00 AM - 5:00 PM |
| Wed. | 9:00 AM - 5:00 PM |
| Thu. | 9:00 AM - 5:00 PM |
| Fri. | 9:00 AM - 5:00 PM |
| All 50 states as well as countries overseas. |
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