ALPern Wealth Management, LLC (Pittsburgh)

Name: ALPern Wealth Management, LLC
Address: Two Gateway Center, Pittsburgh, PA, 15222
Telephone: 412-224-2235

ALPern Wealth Management, LLC is a large advisory firm based in Pittsburgh. It manages $187.44 million of regulatory assets for 289 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Colorado, Florida, Illinois, and 4 other states.

ALPern Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

ALPern Wealth Management: assets under management

The assets under management (AUM) of ALPern Wealth Management, LLC is $187.44 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 52% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $187.44 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $648.6 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 49% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 25% of the firm’s portfolio. Investments in exchange traded securities form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay ALPern Wealth Management, LLC 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 ALPern Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of ALPern Wealth Management is high net worth individuals with 46 clients and $162.48 million of assets under management. Among the 10 most similar advisory firms, ALPern Wealth Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $185.19 million for 106 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.

ALPern Wealth Management doesn't advise any private funds.

Careers at ALPern Wealth Management, LLC

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Vito Nmn Cedro	Chief compliance officer	1 Aug 2012	Other	2930533
Llc Alpern Rosenthal Financial Services	Owner	1 Aug 2012	75% - 100%	04-3615157
Vito Cedro	Chief compliance officer	1 Aug 2012	Other	2930533
Adam Gregory Yofan	Elected member	1 Jan 2015	Other	4392395
Llc Mar Vista Capital	Owner	1 Jan 2015	75% - 100%	47-1111629

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Sean Michael Brennan	Member	1 Aug 2012	Other	4618685
Robert Miller Brown	Member	1 Aug 2012	Other	5633675
Roger Alan Cox	Member	1 Aug 2012	Other	4828030
Emanuel Victor Dinatale	Member	1 Aug 2012	Other	4403260
Kimberly Perry Griffith	Member	1 Aug 2012	Other	5446747
David Neal Kaplan	Member	1 Aug 2012	Other	4631306
Thomas James Menk	Member	1 Aug 2012	Other	4828077
Alexander Paul	Member	1 Aug 2012	Other	4403254
Lawrence Joseph Sipos	Member	1 Aug 2012	Other	4610513
Margaret Joyce Tanney	Member	1 Aug 2012	Other	5613817
Deborah Horton Wells	Member	1 Aug 2012	Other	4828061
Alexander Nmn Paul	Managing member	1 Aug 2012	Other	4403254

Based in Pittsburgh

The principal office where ALPern Wealth Management, LLC performs its advisory services is located at Two Gateway Center, Pittsburgh, PA 15222, 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 412-224-2235 or by fax 412-904-4168. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at alpernwm.com.