Maimon Wealth Management Ltd. (Ra'anana)

Name: Maimon Wealth Management Ltd.
Address: Ehad Ha'am 54 B, Ra'anana, 4321128
Telephone: 972 54 696 6638

Maimon Wealth Management Ltd. is an adviser based in Ra'anana. It manages $28.62 million of regulatory assets for 69 client accounts. It has been registered with the SEC as an adviser since 2018.

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

Maimon Wealth Management: assets under management

The assets under management (AUM) of Maimon Wealth Management Ltd. is $28.62 million, all of which is managed in discretionary accounts. $27.26 million of the total AUM is attributable to clients outside of the United States.

The firm manages $28.62 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $414.8 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 74% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in investment and business development companies form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Maimon Wealth Management Ltd. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Maimon Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Maimon Wealth Management is high net worth individuals with 22 clients and $14.55 million of assets under management. Among the 6 most similar advisory firms, Maimon Wealth Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $28.62 million for 47 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 96% of the firm’s clients are foreign persons or businesses.

Maimon Wealth Management doesn't advise any private funds.

Careers at Maimon Wealth Management Ltd.

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bension Shalom Maimon	Chief executive officer and chief compliance officer	1 Jun 2015	75% - 100%	2811251

Based in Ra'anana

The principal office where Maimon Wealth Management Ltd. performs its advisory services is located at Ehad Ha'am 54 B, Ra'anana, 4321128 The mailing address of the firm is 5 Haharoshet Street, Ra'anana, 4321128. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 972 54 696 6638. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at linkedin.com/company/maimon-wealth-management and its LinkedIn profile.