Andrew Novick, CFP®, JD The Investment Connection

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About Andrew Novick, CFP®, JD

I founded The Investment Connection in 2014 in order to provide customized financial planning and investment management services to individuals and families regardless of their net worth, income, or investable assets. My focus is on helping young, growing families and others seeking the right financial path to meet their specific goals.

I have worked with college graduates, newlyweds, first-time parents, parents with school-age children, business owners, corporate executives, professionals, as well as divorcees, retirees, and widows. I care about my clients and try to give them the best planning and investment advice possible, along with a high quality experience.

While many firms say they offer customized services, what they actually provide are one-size fits all model portfolios or financial plans from pre-packaged software. My services are truly customized to my clients’ needs. This can include incorporating socially responsible investments or alternatives into client portfolios. Performance of your accounts is also a top priority, and having a strong relationship is critically important to achieving that goal.  Building this relationship depends on the give and take of conversation and communication. I am an advisor who listens, solicits your input, shares my thinking, and tests ideas against what you are willing and able to do, so we can develop a lasting and beneficial relationship. If you are too busy with your job, your children, or other responsibilities to address your finances or manage your portfolio, give me a call!

I am a Certified Financial Planner™ professional with a law degree and have been providing fee-only investment management and financial planning services for more than 20 years. Over the years, I’ve been named a NJ Five Star Wealth Manager (Five Star Professional), Best Financial Advisor for Doctors (Medical Economics), and Best Financial Advisor for Dentists (Dental Practice). I am a member of the American Bar Association and long-standing board member of my local Estate Planning Council.  Importantly, I am a member of National Association of Personal Financial Advisors (NAPFA), the country’s leading professional association of Fee-Only financial advisors, and am proud to be one of 30 founding members of the XY Planning Network.

My commitment to you means more than any certificate on a wall. I give my clients award-winning financial service through a personal, hands-on approach.

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Recently Published

New Graduates’ Guide to Paying Off Student Loans

May 29, 2022

Do you have a college student who just graduated? Congratulations! Now it’s time to study up on the best way to pay off those student loans. Federal student loans come with benefits such as flexible payments, forgiveness and forbearance or deferment so they should be evaluated separately from other types of loans. Should you focus on paying off high-interest loans first or paying as little as possible? What about using a loan consolidator to refinance the debt? While not addressed in the following article, please keep in mind that student loan repayment, interest, and collections are paused through August 31, 2022 as part of Covid relief and rumors are swirling that the Biden administration is planning to cancel $10,000 in student debt per borrower.

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Here’s where I Bonds may work in your portfolio

May 15, 2022

Inflation is higher than it's been in decades, which is creating an interesting opportunity to invest in US I Bonds. I Bonds are a special type of US Savings Bond that earn interest based on combining a fixed rate and a variable inflation rate that gets announced every 6 months. Historically low yielding, I Bonds are currently paying 9.62% annual interest through October. This is a fantastic rate for a low risk bond! Depending on your situation, I bonds may be a good place to park cash or become part of your bond portfolio. Before rushing out to buy them, know that there is a $10,000 per person annual purchase limit, you can’t touch the money for at least 12 months, and there’s a penalty for selling within five years. Additionally, you can only buy them in electronic form through an account with the US Treasury, known as TreasuryDirect. Keep reading for more information.

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What is the net investment income tax and who has to pay it?

April 26, 2022

If your tax bill was higher than anticipated, it could be due to the Net Investment Income Tax (NIIT). NIIT is a tax on investment income, such as interest, dividends, and capital gains. Importantly, it is a 3.8% surtax, meaning it is an extra tax on top of other taxes that may be owed on your investment income. For instance, qualified dividends and capital gains are generally taxed at 15%, but the rate for those subject to the NIIT will essentially be 18.8%. NIIT only applies if your modified adjusted gross income (MAGI) is more than a certain threshold - $200,000 (single taxpayer) or $250,000 (joint taxpayer). This is not a new tax - it has been in effect since 2013! Continue reading for more details.

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Ideal Clients

  • Gen X
  • Parents
  • SRI/ESG (Socially Responsible Investing/Environmental, Social and Corporate Governance)

Ways Advisor Charges

  • Monthly Fee
  • Assets Under Management

Fee Options

  • Monthly: $150/mo + $600 upfront
  • AUM: .5%+

SEC Records

 

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