# Steven Feldstein & Associates Steven Feldstein & Associates is a Bank / Wealth / Trust based in Basking Ridge, United States. ## Overview - **Organization type:** Bank / Wealth / Trust - **Headquarters:** Basking Ridge, United States - **Region:** North America - **Address:** Basking Ridge, NJ, United States - **Founded:** 1974 - **Assets under management:** Undisclosed - **Website:** financial-advisor.com - **LinkedIn:** https://linkedin.com/company/steven-feldstein-&-associates ## Regulatory record - **Reports private funds:** No ## About Steven Feldstein & Associates opened in 1974 as a Basking Ridge, New Jersey-based registered investment advisor. Steven Feldstein founded the firm to deliver non-discretionary investment counsel — meaning clients keep final authority over every transaction while the firm designs the architecture. The practice built its early book advising high-net-worth individuals and trusts in the New York metropolitan area, later expanding to estates, charitable entities, and business corporations. The firm's non-discretionary model drives a distinctive deployment pattern: it constructs portfolios spanning public equities, fixed income, real estate, private credit, and hedge fund allocations, but executes only at the client's explicit direction. This creates a hybrid between a traditional wealth manager and an outsourced family office — Feldstein's team runs the research, manager due diligence, and rebalancing logic, while the client holds the investment decision and custody relationship. The approach attracts families who want institutional portfolio construction without surrendering control over cash flows or mandate scope. The Basking Ridge office remains the sole location. Team size and total assets under advisement are not publicly disclosed, and the firm has maintained a deliberately low public profile across its five decades. It does not actively market pooled vehicles, does not operate a discretionary SMA platform, and does not appear to run proprietary fund products — a structural choice that sidesteps the conflicts embedded in most fee-based advisory models. That architecture is the firm's differentiator. Most RIAs have migrated toward discretionary AUM billing and proprietary strategist models that bundle advice with product. Feldstein's non-discretionary posture, sustained across fifty years, removes the incentive to maximize asset-gathering and keeps the advisor's interest aligned purely with portfolio performance and manager selection. For allocators evaluating advisor relationships, that structural alignment maps closely to the ethos of a single-family office — without the associated overhead. ## Sectors - Real Estate - Private Credit - Hedge Funds ## People - Steven Feldstein — Founder ## Questions ### Who runs investment decisions at Steven Feldstein & Associates? Steven Feldstein founded the firm in 1974 and leads its advisory practice. The firm operates on a non-discretionary basis, meaning portfolio design, manager selection, and asset allocation recommendations come from Feldstein's team, but every investment decision rests with the individual client. The ownership and governance structure beyond the founder is not publicly detailed. ### Does Steven Feldstein & Associates take custody of client assets? No. The firm is explicitly non-discretionary and does not take custody. Clients retain assets with third-party custodians and authorize every transaction. This separation removes the firm from balance-sheet risk and asset-gathering conflicts typical of discretionary RIAs, functioning more like an outsourced investment committee than a traditional wealth manager. ### What asset classes does the firm allocate across? The firm's non-discretionary portfolios span traditional public markets — equities and fixed income — alongside private-market exposures including real estate, private credit, and hedge fund allocations. The precise mix varies by client mandate, and the firm is not known to operate proprietary fund vehicles, instead selecting external managers and direct opportunities on a non-discretionary basis. ### Does the firm participate in fund commitments or only direct allocations? The firm designs portfolios that include both direct securities and fund commitments — particularly in private credit, real estate, and hedge fund sleeves. However, because it is non-discretionary, the firm's role is to source, diligence, and recommend fund investments; the client makes every commitment decision directly. ## Related profiles - [Steuben County Community Foundation](https://altss.com/profile/steuben-county-community-foundation) - [Stevens Capital Partners](https://altss.com/profile/stevens-capital-partners) --- Last updated: 2026-07-06T00:38:37.751Z Canonical page: https://altss.com/profile/steven-feldstein-associates Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology