Steven Feldstein & Associates

Steven Feldstein & Associates

Steven Feldstein & Associates was founded in 1974, positioning it as one of the older independent registered investment advisors in northern New Jersey. The firm operates from Basking Ridge and provides investment advisory services exclusively on a non-discretionary basis, meaning clients retain final authority over all portfolio decisions. Its client base includes individuals, high-net-worth families, trusts, estates, charitable organizations, and small business entities across the tri-state area. The firm's investment approach centers on financial planning, portfolio management, and wealth management delivered through a non-discretionary framework. Unlike RIAs that pool client capital into model portfolios or proprietary strategies, Feldstein provides recommendations that clients must approve before execution. The practice covers standard liquid asset classes — equities, fixed income, and mutual funds — tailored to individual client circumstances rather than a house view. The firm does not sponsor private funds, direct deals, or alternative investment vehicles. May 2026: The firm continues to operate from its long-established Basking Ridge base with no publicly reported changes to its leadership structure or service model (per the firm's official communications and regulatory filings, 2026). The practice remains a solo-advisor or very small team operation with no additional offices or affiliated entities publicly disclosed. There are no known philanthropic foundations, real-asset arms, or co-investment clubs associated with the firm. Structurally, the firm's defining feature is its persistence as a solo-practitioner RIA operating on a non-discretionary basis for over 50 years. In an era of consolidation and fee compression, that model represents a distinct governance posture — the founder retains direct client relationships without layering on in-house product manufacturing or discretionary control, which aligns the advisory fee incentive cleanly with ongoing counsel rather than asset gathering.