Welcome to Sterling Wealth Management, LLC

Welcome to Sterling Wealth Management, LLC
Sterling Wealth Management, LLC
Sterling Wealth Management, LLC

Through diligence, discipline, and hard work, you have been blessed with wealth. Sterling Wealth Management, LLC (SWM), an independent, fee-only, comprehensive financial strategy and wealth management firm, was created to help you address the unique financial challenges this wealth brings.

Sterling Wealth Management, LLC is a fee-only firm. Our financial planning services are based on an hourly fee, and our follow-up wealth management advisory fees are based on the net asset value of your portfolio. Since we are not compensated by commissions, SWM gains nothing by "churning" your assets. SWM has no "quota" to fill selling mutual funds, insurance policies, or similar products. We sell nothing! Therefore, we have no agenda other than serving our clients with objective, unbiased counseling, and advice.

We pride ourselves on our OBJECTIVITY - All advice will be based on the facts and circumstances of the client's situation. Recognizing the inherent conflicts of interest in product sales, we refuse any commissions or other compensation from client transactions based on our recommendations.

Our foremost goal is to assist you in managing your wealth, preserving principal, and optimizing return in a prudent fashion. SWM will provide clear, understandable solutions to your situation. Working together, we will enable you to confidently pursue your dreams.

Please review our complete relationship summary (ADV Part 3) here.

Sterling Wealth Management, LLC

Investment Management

Following the development of the comprehensive financial plan, SWM offers continuing wealth management services to its clients. Our investment management philosophy is to maximize total return (capital gains, dividends, and the associated tax consequences) within the individual investor's risk tolerance and time horizon.

We will manage a client's financial assets with as much or as little input as the client prefers. Our goal is to create and maintain your sense of comfort and peace of mind. The unpredictable volatility of today's investment climate makes this a challenging yet most important task. We follow a prudent, academically proven approach to investing. The minimum aggregate portfolio size for initiating a continuing wealth management relationship is typically $150,000. However, arrangements may be made for smaller portfolios.

We employ a disciplined asset allocation investment strategy designed to prudently accumulate wealth while limiting volatility. SWM helps identify your personal investment criteria, including your specific needs, financial goals, and risk tolerance, as we design your personal portfolio. We then build a well-diversified portfolio to best enable your money to earn money and for you to sleep well at night.

We do not attempt to time the stock market. We firmly believe that time in the market is far more important than timing the market. We continually monitor your portfolio to ensure that your assets remain invested in a manner consistent with your criteria. Our clients receive transaction confirmations, quarterly statements, portfolio updates and year-end tax reports.

Financial Planning

Financial planning is the development and implementation of a coordinated plan for the achievement of your overall financial objectives. These objectives may include retirement planning, estate planning, college education financing, insurance recommendations, and tax planning.

A financial plan is a road map for navigating the highway of your financial life. In creating the financial plan, we take a "holistic approach" toward achieving your goals. In other words, we consider the interrelationship of each of your important objectives and goals as we map out your plan.

Six steps are involved in the planning process:

  • Identify client goals and priorities
  • Collect and assess all personal and financial data
  • Diagnose financial needs and desires
  • Provide recommendations and solutions to meet these objectives
  • Assist in implementing recommendations
  • Offer periodic financial plan reviews and updates
Dr. Elchanan Abramowitz

Dr. Elchanan Abramowitz, MBA

Dr. Elchanan Abramowitz is a founding principal of Sterling Wealth Management, LLC, an independent, fee-only registered investment advisor firm.

Elchanan provides financial planning and wealth management services to clients nationwide. He gives every client personal attention as he evaluates the appropriate asset allocation based on individual client needs. Elchanan advises clients in the areas of retirement planning, tax planning, education funding, insurance analysis, and estate planning – and acts as a liaison between clients and their accountants or legal professionals.

Elchanan earned his MBA at Rutgers University and completed The American College's CFP® Certification Curriculum. Prior to his education in business and finance, he earned his DDS from NYU College of Dentistry and then went on to a residency program at the University of Pennsylvania.

Elchanan has authored a number of articles for the New York State Dental Journal, the Journal of New Jersey Dental Association, The Jewish Press, Big Apple Parent, and has been featured in Mishpacha magazine.