Condor Capital Management

What Condor Capital Management does

Condor Capital Management (legal name Condor Capital Wealth Management) is an employee-owned, SEC-registered investment adviser founded in 1988 and headquartered in Martinsville, New Jersey. The firm operates as a fee-only fiduciary, charging a single fee based on assets under management without earning commissions on proprietary product sales, and serves clients with a $500,000 investable asset minimum. Its core offerings span four service lines: Wealth Management (portfolio construction and active management), Financial Planning (comprehensive, ongoing planning with regular reviews), Small Business Services (retirement plan solutions for employers), and Family Office Services (day-to-day personal affairs and multi-generational wealth oversight). The firm also publishes The Robo Report, an independent research publication evaluating 24+ robo-advisory platforms across 45+ metrics, currently in its 38th edition, which functions as a thought-leadership asset.

The firm serves over 500 clients and manages $1.5B+ in assets, supported by a credentialed team (CFP, CFA, CIMA, ChSNC, CDFA) led by CEO Ken Schapiro and President Michael Walliser. Its go-to-market is relationship-led and consultative, with prospective clients engaging via website contact or phone, followed by a tailored proposal, custodian asset transfer, and ongoing check-ins. Technology is primarily industry-standard: custodian platforms for portfolio management, Google Analytics/Tag Manager and Facebook Pixel for marketing, and a native iOS/Android client app. Geographic footprint is concentrated in the Northeast US, with a recent toehold in the Washington, DC metro via Financial Advisor Michael Cuozzo's relocation in late 2024.

Revenue is generated through recurring AUM-based fees on a subscription cadence, with no product sales, commissions, or external funding. The model is structurally cash-generative but growth is constrained by advisor capacity, with headcount expansion (Cuozzo in 2022, Christiansen in 2024) serving as the primary growth lever. There are no disclosed AI/ML capabilities, no M&A activity, and no funding rounds; the firm operates as an independent, organically grown RIA.

Name

Condor Capital Management

Legal name

Condor Capital Wealth Management

Website

https://condorcapital.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

Condor Capital Management is an employee-owned, fee-only SEC-registered investment adviser founded in 1988, providing wealth management, financial planning, small business retirement, and family office services to 500+ high-net-worth clients with a $500,000 asset minimum.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

akta.pro secondary industry

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

Keywords

• Wealth management services
• Investment advisory
• Financial planning
• Fiduciary advisory
• Portfolio management

Headquarters

HQ city

Martinsville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Assets Under Management (AUM) Fees: Condor Capital charges fees based on assets under management. As a fee-only investment advisor, the firm charges one fee and does not earn commissions from selling proprietary products. The firm's fiduciary obligation requires working in clients' best interests.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Condor Capital Management is a fee-only, fiduciary investment advisory firm that delivers personalized wealth management, financial planning, small business retirement plan solutions, and family office services to clients with $500,000 or more in investable assets. The firm manages $1.5B+ in assets for 500+ clients and also publishes The Robo Report, an independent research publication evaluating robo-advisory platforms.

Product overview

Condor Capital Wealth Management offers a unified wealth management service with four core advisory offerings: Wealth Management (professional portfolio management), Financial Planning (comprehensive planning), Small Business Services (retirement plans for small companies), and Family Office Services (personal affairs management). The firm also publishes The Robo Report, an independent industry research publication that evaluates and ranks robo-advisory platforms. The company operates as a fee-only, fiduciary investment advisor with a $500,000 client asset minimum, serving over 500 clients with $1.5B+ in assets under management.

Differentiator

Problem solved

Functional benefit

Brands

• The Robo Report: Annual publication evaluating and ranking robo-advisory platforms across features, financial planning capabilities, user experience, and costs. The report covers 24+ robo-advisory platforms and 45+ metrics.
• Robo Ranking

Products and services

• Wealth Management Professional portfolio management service that composes wealth management strategies based on individual investor profiles, with active management and ongoing strategic investment aligned with client goals. Designed for clients with $500,000 or more in investable assets.
• Financial Planning Comprehensive financial planning service tailored to client needs and priorities, including plan creation, review, and ongoing adjustments to keep clients on track toward their financial objectives. Covers retirement, tax, and estate planning considerations.
• Small Business Services Retirement plan solutions for small businesses, enabling employers to address employee retirement needs (such as 401(k) plans) while focusing on their core business operations.
• Family Office Services Day-to-day personal affairs management services facilitating comprehensive oversight of high-net-worth family financial and personal matters, including multi-generational wealth transfer and legacy planning.
• The Robo Report

Quantifiable outcome

• Serves over 500 clients with $1.5B+ in assets under management

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature1 record

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Creative Planning: Fee-only RIA serving HNW clients with comprehensive wealth management, financial planning, and family office services. Comparable service offering, though significantly larger scale.
• Bessemer Trust: Private wealth and investment management firm serving ultra-high-net-worth families with multi-generational planning. Comparable HNW family-office service model though at higher asset tier.
• Mariner Wealth Advisors: National fee-only RIA and family office services firm serving HNW clients with comprehensive financial planning. Directly comparable offering though larger and more geographically dispersed.
• Mercer Advisors: Fee-only RIA offering wealth management, financial planning, and family office services to HNW households. Directly comparable service mix and HNW client focus.
• Ritholtz Wealth Management: Fee-only RIA of comparable size focused on HNW clients with a strong content/thought-leadership orientation (The Big Picture blog). Closely comparable business model, client profile, and content-driven marketing approach.

Broad incumbents

• Fisher Investments: Large investment management firm serving HNW and institutional clients. Comparable investment management focus but operates at significantly greater scale and global footprint.
• Edelman Financial Engines: One of the largest independent RIAs in the US, offering wealth management and financial planning to a broad client base. Overlaps with Condor on advisory and financial planning services but at much larger scale.
• Charles Schwab Wealth Advisory: Custodian-affiliated advisory service offering managed portfolios to retail and HNW clients. Overlaps with Condor's investment management offering but as a scaled, lower-touch platform inside a much larger broker-dealer.

Emerging players

• Facet Wealth: Hybrid digital RIA combining technology with human CFP advisors targeting mass-affluent and HNW clients. Comparable financial planning value proposition delivered via a tech-enabled, lower-fee model.
• Betterment: Leading robo-advisor and digital wealth manager. Subject of Condor's own Robo Report research; represents the lower-cost automated alternative competing for HNW entry-level accounts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CondorCapital
• Facebookfacebook.com/CondorCapital
• LinkedInlinkedin.com/company/condor-capital-management

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Condor Capital Management