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# BCS

Private Wealth Management

## Sitemaps

- [XML Sitemap](https://www.bcspwm.com/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [David "Scott" Schiff](https://www.bcspwm.com/2011/01/david-schiff/) - David specializes in estate planning strategies, alternative investments, and wealth management services. Prior to co-founding BCS, David was a Vice President and Financial Advisor at UBS and has over 20 years of investing experience in Alternative Investments (Private Equity, Venture Capital, Hedge Funds, Fund of Funds, etc…). He previously worked as a Mergers and Acquisitions
- [John Caroli](https://www.bcspwm.com/2011/01/john-caroli/) - John provides portfolio management and financial planning services to clients. Prior to starting BCS, John was with UBS for over 10 years where he was a First Vice President and a Senior Portfolio Manager. Prior to that, John was a municipal bond trader with Robert R. Meredith & Company. He began his professional career as
- [Who are BCS Private Wealth Management’s typical clients?](https://www.bcspwm.com/2011/01/who-are-bcs-private-wealth-managements-typical-clients/) - The most common trait amongst all of our clients is that they want sound, unbiased advice and someone to manage their assets with their best interests in mind. Our types of clients vary from individuals to foundations to hedge funds and beyond. Generally they do not have the time, expertise, or desire to manage their
- [What services do BCS Private Wealth Management’s clients receive?](https://www.bcspwm.com/2011/01/what-services-do-bcs-private-wealth-managements-clients-receive/) - All of our clients can access their accounts online and receive monthly statements and trade confirmations. We send all of our clients a quarterly newsletter and ensure that we keep them updated as to any changes in their portfolio. We also offer financial plans to all of our clients at no extra charge. This can
- [Are accounts protected under the Securities Investor Protection Corporation (SIPC) and the Federal Deposit Insurance Corporation (FDIC)?](https://www.bcspwm.com/2011/01/are-accounts-protected-under-the-securities-investor-protection-corporation-sipc-and-the-federal-deposit-insurance-corporation-fdic/) - All accounts are protected under SIPC and all eligible deposits are insured by the FDIC.
- [What is the relationship between Western International Securities and JP Morgan Clearing Corp?](https://www.bcspwm.com/2011/01/what-is-the-relationship-between-western-international-securities-and-jp-morgan-clearing-corp/) - Western International Securities’ clearing firm is J.P. Morgan Clearing Corp (JPMCC). JPMCC provides the following: Certain custody services for clients’ accounts Account protection for clients through SIPC Services incidental to the clearance and settlement of transactions Margin credit to clients’ accounts carried by it
- [Who is Western International Securities, Inc?](https://www.bcspwm.com/2011/01/who-is-western-international-securities-inc/) - Western International Securities, Inc. (WIS) is an independent securities firm that provides Financial Advisors with compliance and back office support. They are a Registered Broker Dealer and a Registered Investment Advisor. Western International Securities has a clearing relationship with JP Morgan Clearing Corp and works with independent advisory firms like BCS. Should you desire to
- [Sometimes I need financial guidance on things that don’t have anything to do with my account; are you willing to help me with these other issues?](https://www.bcspwm.com/2011/01/sometimes-i-need-financial-guidance-on-things-that-dont-have-anything-to-do-with-my-account-are-you-willing-to-help-me-with-these-other-issues/) - We strive to be our clients’ first stop for all of their financial advice, and encourage our clients to contact us with any questions they may have surrounding any of their financial needs. If we do not have a sufficient answer to a question right away we will often consult with any number of experts
- [Is there any kind of lock-up or reason why I can’t move my account if I am dissatisfied?](https://www.bcspwm.com/2011/01/is-there-any-kind-of-lock-up-or-reason-why-i-cant-move-my-account-if-i-am-dissatisfied/) - There is no lock-up for funds invested with us.
- [How does BCS Private Wealth Management make money?](https://www.bcspwm.com/2011/01/how-does-bcs-private-wealth-management-make-money/) - We are a fee-based investment advisor and charge a percentage fee based on a client’s total assets under management (AUM). We feel this aligns our interests with yours when managing your account; as the total value of your accounts changes, our fee moves in tandem as it is a set percentage of total AUM. We
- [How often do you contact your clients?](https://www.bcspwm.com/2011/01/how-often-do-you-contact-your-clients/) - We contact our clients as much or as little as they desire. Generally we reach out to them anytime there are changes in their account as well as regularly for account and financial planning reviews. We also send out a quarterly newsletter. Whether we speak clients weekly, monthly, quarterly, or semi-annually is determined by the
- [What makes BCS Private Wealth Management different from other advisors?](https://www.bcspwm.com/2011/01/what-makes-bcs-privary-wealth-management-different-from-other-advisors/) - We pride ourselves on our high level of service; however, there are many other aspects of our business that we feel set us apart. In addition to being an Advisor, we are also a Portfolio Manager. Many Advisors hire outside managers to invest their clients’ portfolios. At BCS, because the Advisor and Portfolio Manager are
- [To whom will you leave your wealth?](https://www.bcspwm.com/2011/01/to-whom-will-you-leave-your-wealth/) - Children or grandchildren Spouse Other family or friends Charity / Institutions / Endowments
- [When is the best time to transfer your assets?](https://www.bcspwm.com/2011/01/when-is-the-best-time-to-transfer-your-assets/) - During your lifetime Upon your death Upon your spouse's death
- [Which assets will you pass to others?](https://www.bcspwm.com/2011/01/which-assets-will-you-pass-to-others/) - Business Home, other properties (Art, collectibles, jewelry, etc…) Stock and stock options IRAs and 401(k)s Bonds Investment in Real Estate Other Securities
- [Will your assets be transferred according to your wishes?](https://www.bcspwm.com/2011/01/will-your-assets-be-transferred-according-to-your-wishes/) - Will Beneficiary designations Outright lifetime transfers Re-titling Trusts
- [What strategies have you not considered?](https://www.bcspwm.com/2011/01/what-strategies-have-you-not-considered/) - Family Limited Partnerships Credit Shelter Trust QTIP / QDOT Trusts Children's Trusts Power of Attorney Healthcare Proxy / Living Will
- [Other Questions ...](https://www.bcspwm.com/2011/01/other-questions/) - What has been done to minimize taxes? Who are the right people to make decisions Executor, Trustee, Guardian How will any applicable taxes be paid? What is the most effective way to liquidate the estate?
- [What is a Fiduciary?](https://www.bcspwm.com/2011/01/what-is-a-fiduciary/) - When we manage an account on a discretionary basis we are, by law, fiduciaries. A fiduciary is a person to whom property or power is entrusted for the benefit of another; a fiduciary must act in the best interests of the person(s) bestowing this trust. This is also known as a "fiduciary duty". While we
- [Roth IRA Conversion](https://www.bcspwm.com/2011/02/roth-ira-conversion/)
- [What does the designation Chartered Financial Analyst (CFA) mean?](https://www.bcspwm.com/2011/03/what-does-the-designation-chartered-financial-analyst-cfa-mean/) - The CFA Program is a graduate-level self-study program that combines a broad-based curriculum of investment principles with professional conduct requirements. No professional financial credential is as rigorously focused on investment knowledge as the Chartered Financial Analyst designation. Only investment professionals who demonstrate ethical, professional, and educational excellence earn the CFA charter. Since the first CFA
- [What does the designation Certified Financial Planner (CFP) mean?](https://www.bcspwm.com/2011/03/what-does-the-designation-certified-financial-planner-cfp-mean/) - The Certified Financial Planner (CFP) professional credential was developed to differentiate planners who provide comprehensive, interdisciplinary planning from other professions, such as insurance agents or accountants, whose focus is narrower and reflects their particular area of expertise. CFP® candidates must complete a comprehensive university-level course of study covering all the disciplines in financial planning. Following
- [First Quarter 2015](https://www.bcspwm.com/2015/01/417/) - First Quarter 2015

## Pages

- [Home](https://www.bcspwm.com/) - AboutAt BCS Private Wealth Management we are committed to providing financial solutions based on sound, unbiased advice. Through personalized financial planning, prudent asset management and comprehensive wealth-management services, we work with individuals, institutions, families and their respective professional advisors to preserve, grow, and transfer wealth. Our TeamOur ClientsInvestment ProcessServicesLoginContact
- [About](https://www.bcspwm.com/about/) - About UsAt BCS, we work with individuals, institutions, families and, their professional advisors to grow, preserve, and transfer wealth through personalized financial planning, prudent investing, and comprehensive wealth-management services. As fiduciaries, we are held to the highest standard of conduct in managing our clients’ assets and align our incentives with what really matters: client success.
- [Chartered Financial Analyst](https://www.bcspwm.com/chartered-financial-analyst/) - The Chartered Financial Analyst (CFA) designation is a globally respected, graduate-level investment credential established in 1962 and awarded by the CFA Institute, the largest global association of investment professionals. To earn the CFA designation, candidates must (1) pass three sequential, six-hour examinations, (2) have at least four years of qualified professional investment experience, (3) join
- [Certified Financial Planner](https://www.bcspwm.com/certified-financial-planner/) - *The CERTIFIED FINANCIAL PLANNER™, CFP® and federally registered CFP (with flame design) marks (collectively, the “CFP® marks”) are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP Board”). The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold
- [Certified Divorce Financial Analyst (CDFA™) ](https://www.bcspwm.com/certified-divorce-financial-analyst-cdfa/) - A Certified Divorce Financial Analyst (CDFA™) is a member of the Institute for Divorce Financial Analysts (IDFA™) who specializes in the financial issues surrounding divorce. The role of the CDFA™ includes acting as an advisor to one party's divorce lawyer, or as a mediator for both parties. A CDFA™ uses his or her knowledge of
- [Login](https://www.bcspwm.com/login/) - LOGINPlease click your corresponding portal to be directed to their page. Client PortalFinancial PlanningSCHWAB ALLIANCE
- [Contact](https://www.bcspwm.com/contact/) - Contact Us47 West River Road, Suite B Rumson, NJ 07760 Phone: 732.291.7272 Fax: 732.289.9259
- [Investment Process](https://www.bcspwm.com/investment-process/) - INVESTMENT PROCESSWe meet with our clients to help them determine the best course of action for their future. We understand that there are emotional as well as financial aspects to your decisions. Our investment process helps you see your options clearly. Financial PlanWe customize our approach to wealth management by building relationships based on clients’
- [Clients](https://www.bcspwm.com/clients/) - Our ClientsAt BCS Wealth Management we believe that clients are best served by our fully customized, high-touch wealth management services. High Net Worth IndividualsUltra High Net Worth Individuals & FamiliesAthletes & EntertainersDivorced ClientsHigh Net Worth IndividualsWhether you are individually wealthy, a business owner, trustee, or corporate executive, BCS can help you grow/protect/transfer your wealth and
- [Services](https://www.bcspwm.com/services/) - ServicesYour life, assets and goals are distinct. BCS provides the personalized customer service to match. As Certified Financial Planners, Fiduciaries and Chartered Financial Analysts, our experienced professionals are equipped to advise you on a path to realize your future goals. Asset ManagementFinancial PlanningInsuranceDivorce ManagementTrust & Estate PlanningAsset ManagementBCS believes in the principles of asset allocation
- [Insurance](https://www.bcspwm.com/insurance/) - InsuranceInsurance is about mitigating risk. At its core, you will pay a premium to have that risk assumed by another party. Knowing what to insure and for how much is not as simple as just picking a policy. You could end up spending more than necessary or not recognizing a potential risk only to have
- [Trust & Estate Planning](https://www.bcspwm.com/services/trust-estate-planning/) - Your accumulated wealth can do so much for your legacy. It can be a source of stability for your family, sometimes for generations to come. But, to make sure that it lasts and that it’s placed in the appropriate hands, you need a plan. There are many factors to consider in setting up an appropriate
- [Financial Planning](https://www.bcspwm.com/services/financial-planning/) - Creating an effective plan incorporates a number of personal factors. To find that balance, we analyze your assets, liabilities, and goals to ensure that your investments are in line with your objectives and risk tolerance as well as making sure you are on track to achieve your financial goals. BCS helps map out the necessary
- [Asset Management](https://www.bcspwm.com/asset-management/) - Asset ManagementBCS believes in the principles of asset allocation by diversifying investments across the major asset classes. Mixing these classes helps mitigate risk and provides the best opportunity to capture returns. When it comes to equities, BCS selects stocks that provide the best prospects for your long term financial goals, looking to maximize return while
- [Moniter & Review Portfolio](https://www.bcspwm.com/our-process/moniter-review-portfolio/) - Moniter & Review PortfolioAs clients grow older, as children reach adulthood and as circumstances or the markets change we recognize that planning decisions must be dynamic. Your account does not go unwatched once this investment plan is put into place. The account is monitored daily to make sure the investments are performing as planned. Regularly
- [Propose Asset Allocation](https://www.bcspwm.com/propose-asset-allocation/) - Propose Asset AllocationCombining your objectives with our global economic outlook, we construct a diversified asset allocation that fits your specific needs. The allocation serves to keep you within your risk tolerance and increase the probability of reaching your goals.
- [Monitor & Review Portfolio](https://www.bcspwm.com/monitor-review-portfolio/) - Monitor & Review PortfolioAs clients grow older, as children reach adulthood and as circumstances or the markets change we recognize that planning decisions must be dynamic. Your account does not go unwatched once this investment plan is put into place. The account is monitored daily to make sure the investments are performing as planned. Regularly
- [Identify Investments](https://www.bcspwm.com/identify-investments/) - Identify InvestmentsOnce the allocation has been determined, we use a wide range of resources to identify individual investments within each asset class that we believe will outperform their peers over the stated time horizon. Your risk tolerance and any unique needs or wants help identify these investments.
- [Financial Plan](https://www.bcspwm.com/our-process/financial-plan/) - We customize our approach to wealth management by building relationships built on the clients’ needs and aspirations. By analyzing your distinct goals, risk tolerance and motivations, we can recommend the most appropriate solution and set your financial plan in motion.
- [Matrimony](https://www.bcspwm.com/matrimony/) - MatrimonyThe beginning or ending of a marriage is a substantial undertaking. Having someone help you look beyond emotion and create a strategy is a critical step in ensuring your financial stability. Whether you are receiving money you have not dealt with before or you are splitting your assets, BCS can help facilitate the transition for
- [Equity Management](https://www.bcspwm.com/services/equity-management/) - BCS Private Wealth Management manages portfolios for clients who prefer to delegate the day-to-day oversight of their assets to a Financial Advisor trained in designing and executing customized investment strategies. Our advisory program emphasizes an individually tailored approach to investing, with a focus on your overall financial picture. As an investor, your portfolio is actively
- [Our Firm](https://www.bcspwm.com/about/our-firm/) - BCS Private Wealth Management (BCS) was founded in 2009 by John Caroli, Chris Bernard, and David Schiff. The three partners began working together in 2006 at UBS Financial Services, Inc. With a combined 40+ years experience in the financial industry, BCS works with individuals, institutions, families and their professional advisors to preserve, grow, and transfer
- [Disclaimer](https://www.bcspwm.com/disclaimer/) - Securities and Advisory Services are offered through Western International Securities, Inc. Member SIPC/FINRA. Western International Securities, Inc. and Bernard Caroli Wealth Management are separate and unrelated companies. Bernard Caroli Wealth Management Inc. does not provide tax or legal advice. You should consult with your tax and legal advisor regarding your personal circumstances. Western International Securities,
- [Fixed Income Management](https://www.bcspwm.com/services/fixed-income-management/) - We generally take a buy and hold approach to fixed income management, and choose products based on each client’s unique situation. Fixed Income investments (CDs, Municipal Bonds, Corporate Bonds, etc.) are chosen because of their: Tax treatment Relative Yield Maturity Credit Quality Once the most appropriate fixed income product mix is determined, we closely monitor
- [Securities Execution ](https://www.bcspwm.com/services/securities-execution/) - Whether you are a money manager looking to purchase a large quantity of an illiquid stock or an individual who needs to liquidate a large position, we have the tools and know how to get you the best execution for your trades with speed and total anonymity. We use sophisticated trading tools that provide us
- [News](https://www.bcspwm.com/news/)
- [Process](https://www.bcspwm.com/our-process/)
- [Professional Affiliations](https://www.bcspwm.com/about/professional-affiliations/) - We welcome the opportunity to partner with professionals who serve select individuals, families, foundations and endowments – those in need of investment advice, financial planning, trade execution or any combination thereof. Our strategic partners bring clients to us for a variety of reasons. Most want the expertise of our investment management. Many want us to
- [Identify Investments](https://www.bcspwm.com/our-process/proposed-asset-allocation/) - Once the allocation has been decided upon, we use a wide range of resources to identify individual investments within each asset class that we believe will outperform their peers over the stated time horizon. Your risk tolerance and any unique needs or wants are also a driver in identifying these investments.

## Downloads

- [Form CRS](https://www.bcspwm.com/download/form-crs/?tmstv=1786169669)

## Categories

- [Bios](https://www.bcspwm.com/category/bios/) - Bio for partners
- [FAQs](https://www.bcspwm.com/category/faq/)
- [Trust and Estate Planning](https://www.bcspwm.com/category/trust-estate-planning/)
- [News](https://www.bcspwm.com/category/news/)
- [Newsletter](https://www.bcspwm.com/category/newsletter/) - Check this category for Quarterly newsletters in addition to the News category