Wise Wealth Management, LLC (New York)

Name: Wise Wealth Management, LLC
Address: 100 Park Avenue, New York, NY, 10017
Telephone: 212-567-1416

Wise Wealth Management, LLC is a mid-sized advisory firm based in New York. It manages $84.32 million of regulatory assets for 233 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Florida, and New York.

Wise Wealth Management provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and estate- and tax-planning coordination. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wise Wealth Management: assets under management

The assets under management (AUM) of Wise Wealth Management, LLC is $84.32 million. The firm's AUM has grown by 215% since the beginning of its operation, and $234 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $82.25 million in discretionary accounts and $2.07 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $363.94 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $295.71 thousand.

Investments

The firm invests in pooled investment vehicles the most. They account for 42% of the total AUM. The second-largest asset type is exchange traded securities, which make up 26% of the firm’s portfolio. Investments in other assets form 22% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Wise Wealth Management, LLC for their services and products based on a percentage of assets under management. 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 Wise Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Wise Wealth Management is high net worth individuals with 43 clients and $57.93 million of assets under management. Among the 5 most similar advisory firms, Wise Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $84.32 million for 99 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Wise Wealth Management doesn't advise any private funds.

Careers at Wise Wealth Management, 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. No 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stephanie Elizabeth Meket	Managing member/chief compliance officer	1 Dec 2004	75% - 100%	2210681

Based in New York

The principal office where Wise Wealth Management, LLC performs its advisory services is located at 100 Park Avenue, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-567-1416 or by fax 212-658-9559. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at wisewealthmanagement.com.