Beyond Wealth Management Group, LLC (New Paltz)

Name: Beyond Wealth Management Group, LLC
Address: 101 Main Street, New Paltz, NY, 12561
Telephone: 845-750-6213

Beyond Wealth Management Group, LLC is a mid-sized advisory firm based in New Paltz. It manages $29.5 million of regulatory assets for 340 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of New York.

Beyond Wealth Management Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Beyond Wealth Management Group: assets under management

The assets under management (AUM) of Beyond Wealth Management Group, LLC is $29.5 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -29% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $29.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $86.76 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 71% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in investment grade corporate bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Beyond Wealth Management Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Beyond Wealth Management Group serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Beyond Wealth Management Group is individuals with 119 clients and $12 million of assets under management. Among the 2 most similar advisory firms, Beyond Wealth Management Group has the lowest percentage of individuals out of all clients.

The amount of regulatory assets under management is $29.5 million for 134 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Beyond Wealth Management Group doesn't advise any private funds.

Careers at Beyond Wealth Management Group, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Charles Drouin	Managing member & chief compliance officer	1 Feb 2017	75% - 100%	4541093

Based in New Paltz

The principal office where Beyond Wealth Management Group, LLC performs its advisory services is located at 101 Main Street, New Paltz, NY 12561, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 845-750-6213 or by fax 866-456-1451. The normal business hours are not applicable - office visits by appointment only on Other. You can find more information about the New York firm at beyondwm.com.