Palisades Hudson Financial Group

Palisades Hudson Financial Group LLC, was founded in 1993 by Larry M. Elkin. The fee-only financial and tax-planning firm also has an affiliated Registered Investment Adviser arm, Palisades Hudson Asset Management, L.P., which began in 1997. Palisades Hudson Asset Management had more than $1.1 billion in assets under management as of April 2013.[1] It offers services including personal financial planning, estate planning, tax planning and tax return preparation, and (through Palisades Hudson Asset Management, L.P.) investment management and asset allocation.

Palisades Hudson Financial Group LLC
Typelimited liability company
FoundedHastings-on-Hudson, NY 1993 (1993)
FounderLarry M. Elkin
Headquarters
Stamford, Connecticut
,
USA
Number of locations
5 (as of 2018)
ServicesTax
Estate Planning
Investment Advisory
Bookkeeping
Wealth Management
Number of employees
20+ as of 04/01/2013
Websitewww.palisadeshudson.com

In 2016, Palisades Hudson moved their headquarters from Scarsdale, New York to Stamford, Connecticut and had over 20 employees located in 5 cities.[2] Its customers are based across the United States and Brazil.

History

In 1992, Larry M. Elkin departed Arthur Andersen in order to found a one-man financial planning firm in Hastings-on-Hudson, N.Y.[3] The firm, which opened in January 1993, came to be known as Palisades Hudson Financial Group LLC.[4] It eventually expanded to four offices: the New York location, which moved from Hastings-on-Hudson to Scardsale; an office in Fort Lauderdale, FL; an office in Atlanta, GA; and a Portland, OR, Location.[5]

The firm has received notice for its estate planning work.[6] In 2006, the firm's chief investment officer and staff successfully opposed a significant mutual fund fee increase at DWS Funds.[7]

Recognition

Palisades Hudson Asset Management, L.P., was one of Investment News’ top 50 registered investment advisors (RIAs) that also provide financial services in 2012.[8]

Financial Advisor Magazine named Palisades Hudson Asset Management, L.P., one of the top RIAs in 2012 based on the firm's assets under management.[9]

Palisades Hudson Asset Management, L.P. was one of AdvisorOne’s top 20 wealth managers for 2012.[10]

Publications

Palisades Hudson has produced a variety of publications, both in print and online:

  • Current Commentary (blog)
  • Current Commentary is a daily blog, authored by various members of the firm. It has appeared weekdays since 2009 and is republished in various online and print venues.[11]
  • Sentinel (quarterly newsletter) - Palisades Hudson has published Sentinel four times a year since 1993, covering a variety of investment and financial planning topics. It has been available online since 1995.
  • First Comes Love, Then Comes Money - First published in 1994 by Doubleday Business, First Comes Love, Then Comes Money contains advice and worksheets for unmarried couples facing legal and financial challenges unique to their situation. It was written by Palisades Hudson's founder and president Larry Elkin during the period when he comprised the entirety of the firm.[12]

References
  1. The Financial Times. Retrieved 04/15/2013. "PALISADES HUDSON ASSET MANAGEMENT, L.P. Firm from Scarsdale, New York - the Fiscal Times". Archived from the original on 2013-06-16. Retrieved 2013-04-15.
  2. "Contact Us - Palisades Hudson Financial Group". Palisades Hudson Financial Group. Retrieved 2018-08-24.
  3. "A Family Affair," Mann on the Street. March 2012 edition, page 34.
  4. "How One Firm Scaled Up to $1.3 Billion". Financial Planning. 2014-11-03. Retrieved 2023-01-31.
  5. Kirkel, Janice (2012-09-06). "Financial planner takes integrated approach". Westfair Communications. Retrieved 2023-01-31.
  6. Kearsley, Kelly. "Dividing Land Without Dividing a Family". WSJ. Retrieved 2023-01-31.
  7. "A Shareholder Demands Respect, and Gets It". The New York Times. 2006-06-04. ISSN 0362-4331. Retrieved 2023-01-31.
  8. "The Largest Financial Planning Firms," Investment News. Retrieved 04/15/2013. http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=summary&djoProjStr=21121%7C21126&issuedate=20101205&sid=RIA
  9. "FA’s 2012 RIA Ranking," Financial Advisor Magazine. Retrieved 04/15/2013. http://www.fa-mag.com/userfiles/docs/RIA2012Expanded%20Ranking_rev3.pdf
  10. "Top Wealth Manager Rankings 2012," AdvisorOne. Retrieved 04/15/2013. http://www.advisorone.com/microsites/top-wealth-managers/2012/top-wm-rankings-2012-AUM.php Archived 2013-04-07 at the Wayback Machine
  11. "What do Blogs about Greek Finances, Marijuana and Steve Jobs Have in Common?". Westchester Herald. Retrieved 2023-01-31.
  12. "First Comes Loves Then Comes Money," Amazon.com. Publication information retrieved 04/15/2013. https://www.amazon.com/First-Comes-Love-Then-Money/dp/0385471726
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