Nazelrod & Associates Financial Services, Inc.

The firm provides investment advisory and financial planning services primarily to individual clients and trusts, serving both high‑net‑worth and non‑HNW households. Its advisory work is delivered through a single wrap‑fee offering called the Comprehensive Financial Management Program (CFMP), which combines portfolio management with tax, estate and insurance planning and quarterly reporting.

The firm follows a top‑down asset‑allocation process across stocks, bonds, commodities and real estate, then implements allocations largely through mutual funds and other packaged products; manager selection and performance analysis rely on third‑party tools such as Morningstar and PortfolioCenter. It acts as the portfolio manager for client accounts, conducts at least quarterly reviews, permits client‑imposed investment restrictions, and generally bears transaction ticket charges for trades executed in the program.

What is distinctive about the firm is the combination of roles and affiliations: its principals are also registered representatives of a broker‑dealer and licensed insurance agents, and the firm is affiliated with an accounting/tax practice and a wrap‑fee program sponsor — features that are uncommon among peers. These overlapping activities create potential conflicts of interest (for example, when commissions or insurance commissions are payable), and the firm discloses mitigation steps such as reducing advisory billing by commissions earned by affiliated representatives; it also deducts fees directly from client accounts and manages custody relationships with a related broker‑dealer.