Wealth Management Westchester NY: Financial Advisor & Planner Services

Hudson Companies is an SEC-registered investment adviser that provides wealth management for families in Westchester County. The firm manages investment portfolios and coordinates the other financial professionals in a family’s life, so that a single, coherent plan governs the family’s money, its taxes, and its legal structure. Hudson is paid only by the families it serves, and it is bound by fiduciary duty to act in their interest.

Hudson Companies is the firm founded by Chris Conover, who has led it since 2008. Conover began his career on Wall Street in 1995 and has lived in Rockland County his entire life. He earned a BA in Economics and an MBA in Finance from Fordham University, and began doctoral coursework there in behavioral economics. That combination—a Wall Street background, a local’s understanding of the region, and a formal interest in how people actually make financial decisions—shapes how the firm works with the families who rely on it.

Consider a family in Scarsdale or Rye, or anywhere else in Westchester, that has accumulated substantial wealth over a generation. The family has an accountant who has handled their taxes for years, a lawyer who drafted their estate plan, an insurance broker who placed their policies, and perhaps a trustee for a trust they established. Each of those professionals is competent. Each works in good faith. But they do not automatically work from the same set of facts. The accountant may not know about a new investment account the family opened. The lawyer may not know that the family sold a business. The insurance broker may not know that the family’s circumstances have changed in a way that makes an old policy obsolete.

Hudson’s job is to make sure that does not happen. The firm manages the portfolio, and it coordinates the other professionals. Hudson makes sure the accountant, the lawyer, the insurance professionals, and any trustee are working from the same facts. The family pays Hudson directly. That is the only way the firm is compensated. No commissions. No products. No third-party payments. That is a simple sentence, but it is the foundation of the entire relationship.

The work itself is straightforward to describe and demanding to execute. Hudson manages the family’s investment portfolio. That is the core service. The firm decides how the family’s assets are allocated across markets, selects the specific investments, monitors performance, and rebalances when necessary. The portfolio is managed with an eye toward the family’s overall financial situation, not as an isolated collection of accounts. A family’s investments exist to support their spending, their charitable giving, their children’s education, and their own retirement. Hudson keeps those goals in view when making investment decisions.

But Hudson does not prepare tax returns. It does not review legal documents. It does not sell insurance. Those tasks belong to the professionals who specialize in them. What Hudson does is coordinate those professionals. When a family is considering a significant financial decision—selling a business, buying a property, establishing a trust, changing beneficiaries—Hudson makes sure the relevant professionals are consulted and that their advice is consistent. The accountant sees the tax implications. The lawyer sees the legal structure. The insurance professional sees the risk exposure. Hudson sees the whole picture and makes sure each professional’s work fits with the others.

This coordination is often where the real value of the relationship lies. A family can hire an accountant, a lawyer, and an insurance broker on their own. What they cannot easily do on their own is ensure that all of those professionals are working toward the same end, with the same information, and with a shared understanding of the family’s goals. That is what Hudson provides. The firm is the single point of contact for the family’s financial life. When a question arises—about an investment, a tax matter, a legal issue, an insurance policy—the family knows who to call. Hudson either answers the question or brings in the right professional to do so.

This approach is particularly valuable for families whose wealth is complex. A family that owns a business, has multiple properties, maintains a charitable foundation, or has established trusts for children and grandchildren faces a level of financial complexity that is difficult to manage without a central coordinator. The professionals they work with are each expert in their own domain, but no single professional is responsible for the whole. Hudson takes that responsibility. The firm does not replace the other professionals. It makes them more effective by ensuring they are all working from the same playbook.

Hudson’s office is in Pearl River, at 1 Blue Hill Plaza. The firm’s work, however, extends across Rockland County and into Bergen County, and it serves families throughout the region, including those in Westchester. The location matters less than the relationship. Hudson works with families who want a single, trusted adviser to oversee their financial lives—someone who has been doing this work for decades, who understands the region, and who is accountable only to the families he serves.

Chris Conover’s background is relevant here. He started on Wall Street in 1995, which means he has seen multiple market cycles, from the boom of the late 1990s to the crash of 2008 to the recovery and expansion that followed. He founded Hudson Companies in 2008, at the height of the financial crisis, which says something about his conviction in the value of independent, fiduciary advice. He has lived in Rockland his whole life, which means he understands the communities he serves—not just the financial realities of families in the region, but the social and cultural context in which they live. And his academic work in behavioral economics reflects an interest in the psychological dimensions of financial decision-making: how families react to market volatility, how they make decisions under uncertainty, how they think about risk and reward.

That combination of experience and perspective informs how Hudson works with families. The firm does not simply manage money. It helps families think clearly about their financial lives. It helps them avoid the common mistakes that come from emotional decision-making or from relying on advice that is not fully coordinated. It helps them stay focused on their long-term goals even when short-term events—a market downturn, a tax change, a family dispute—threaten to derail their plans.

The relationship between Hudson and a family typically begins with a conversation. The family explains their situation: their assets, their goals, their concerns. Hudson explains how the firm works: what it does, what it does not do, how it is compensated, and what the family can expect from the relationship. If the fit is right, the work begins. The portfolio is reviewed and restructured if necessary. The other professionals are identified and contacted. A plan is developed and implemented. From that point forward, Hudson is the family’s financial partner, available whenever questions arise and proactive in addressing issues before they become problems.

This is not a service for everyone. Many families do not need this level of coordination. They can manage their own finances with the help of a good accountant and a good lawyer. But for families with substantial wealth—families whose financial lives are complex enough that the left hand does not always know what the right hand is doing—the value of a central coordinator is clear. The firm is independent, experienced, and accountable only to the families it serves.

To talk with Hudson, Schedule a conversation or call (845) 920-1600. The office is at 1 Blue Hill Plaza, Pearl River.

SPEAK WITH AN ADVISOR TODAY

Protect • Plan • Preserve
Picture of Chris Conover

Chris Conover

Chris Conover founded Hudson in 2008. He leads a fee-only fiduciary practice from Pearl River and works with high-net-worth families.

Financial & Retirement News

Share: