Wealthedge Investment Advisors LLC (New York)

Wealthedge Investment Advisors LLC is a large advisory firm based in New York. It manages $157.49 million of regulatory assets for 449 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of New York.

Wealthedge Investment Advisors provides portfolio management for individuals and small businesses 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.

Wealthedge Investment Advisors: assets under management

The assets under management (AUM) of Wealthedge Investment Advisors LLC is $157.49 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 12% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $157.49 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $350.76 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Wealthedge Investment Advisors 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 Wealthedge Investment Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Wealthedge Investment Advisors is high net worth individuals with 36 clients and $74.02 million of assets under management. Among the 12 most similar advisory firms, Wealthedge Investment Advisors has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $157.49 million for 221 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.

Wealthedge Investment Advisors doesn't advise any private funds.

Careers at Wealthedge Investment Advisors LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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.

Wealthedge Investment Advisors LLC is owned by Mark Salerno. Gerard Addeo joined the executive team most recently as the Chief Compliance Officer, Chief Investment Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gerard Addeo	Investment adviser, owner	1 Nov 1999	75% - 100%	1434182
Gerard Addeo	Chief compliance officer, chief investment officer	1 Dec 2015	75% - 100%	1434182
Mark Salerno	Owner	1 Mar 2016	Other	1561786

Based in New York

The principal office where Wealthedge Investment Advisors LLC performs its advisory services is located at 99 Park Ave., New York, NY 10016, 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 212-687-3600 or by fax 212-687-3557. The normal business hours are 9 am to 5 pm on Monday - Friday.