Helping New Jersey residents and “New Jersey expats” work toward life goals with a sense of financial confidence for more than 30 years.
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- Retirement Planning
- Estate Planning
- Investment Planning
- Risk Management
- Tax Planning
- Cash Flow and Budgeting
- Survivor Planning
- Sudden Wealth Management
Our Services
How can we help you manage your financial future?
Get StartedAbout Us
Bodnar Financial Advisors is a full-service financial planning company for individuals and families in the greater New Jersey area. Our clients get 100% of our attention, regardless of their starting balance.
We believe money is a tool to help people work toward their dreams and navigate through life’s most pivotal moments with confidence.
The world can be unpredictable. Let us develop a sound financial strategy that will evolve with you and your changing life circumstances.
Family Focused
Our dedicated client service reps maintain a kind environment that keeps people coming back. We have the privilege of working with the children and grandchildren of our original clients.
Flexible
No one product, plan, or investment is right for all people. Unlike firms restricted to one institution or product, we create customized financial plans that focus on the best interests of our clients.
Established
Over decades, we’ve developed relationships with a network of professionals across a range of industries. We can provide referrals to accountants and lawyers, or work in coordination with your existing support network.
Our Investment Philosophy
A solid financial plan runs deeper than simple budgeting, which is why Bodnar Financial is equal parts financial planning and behavioral investment counseling.
What is behavioral investment counseling?
Behavioral investment counseling is a term used to describe how financial advisors help people manage the emotional side of money. There are entire fields of psychology dedicated to figuring out “why people do what they do,” and personal finance is no different.
Psychologist Daniel Kahneman was awarded a Nobel Prize in 2002 for his work on the psychology of decision-making, and renowned economist Richard Thaler in 2017 for his work establishing that people will sidestep logical economic principles for emotional reasons.
This is the basic principle of behavioral finance. Investors are human beings, and people are complicated. We each carry a unique set of beliefs, biases, and baggage that affects our relationship with money. For this reason, the biggest determinant of long-term investing success is not specific investment performance, but investor behavior.
Our evolutionary urge to avoid risk and “stick with the herd” makes investing a painfully counter-intuitive practice. When the market dips, the absolute worst thing a person can do is panic, sell their stocks at a low, and miss the recovery. It helps to have a qualified financial coach to remind you the sky is not actually falling.
Talking about money is personal, and sometimes uncomfortable. We create a supportive environment to have vulnerable and candid discussions with clients about their relationships with money and financial dreams.
We don’t try to time the market, because nobody can. Instead, we collaborate with clients in an atmosphere of mutual respect to define personal goals, build a long-term investment plan, and fund the plan with a responsible portfolio.
Investing is a long-term commitment. We coach clients to avoid the daily panics of the 24-hour news cycle and navigate down markets with peace of mind. We meet annually to re-evaluate the plan and make sure asset allocation is appropriate for the individual’s age, cash flow, risk tolerance, and liquidity needs.
When financial issues arise throughout the year, clients get money questions answered or an appointment scheduled within hours, not days. This level of personal attention simply cannot be matched by a robo-advisor or big national firm.
Our Operating Mission
- Treat clients as we wish to be treated
- Maintain a cheerful friendly atmosphere
- Maintain a family focus
- Maintain strong ethics and values
- Have fun. Life’s too short to not enjoy where you work, and who you work with!
