Vision2020 Wealth Management Corp. (Jersey City)


Vision2020 Wealth Management Corp. is a large advisory firm based in Jersey City. It manages $5.63 billion of regulatory assets for 51,728 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Vision2020 Wealth Management Corp 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.

Vision2020 Wealth Management Corp: assets under management

The assets under management (AUM) of Vision2020 Wealth Management Corp. is $5.63 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -40% since the beginning of its operation, and $375.85 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $5.63 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $108.85 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is investment and business development companies, which make up 39% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Vision2020 Wealth Management Corp. 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 James Dale Price serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of James Dale Price is individuals with 35,346 clients and $3.58 billion of assets under management. Among the 9 most similar advisory firms, Vision2020 Wealth Management Corp has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $5.63 billion for 41,149 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.

Vision2020 Wealth Management Corp doesn't advise any private funds.

Careers at Vision2020 Wealth Management Corp.

The company employs 924 people that are either part- or full-time employees. No employees work as investment advisers or researchers. 120 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.

James Dale Price has been acting as President since 1 Nov 2016. Ag Parent Corporation joined the executive team most recently as the Shareholder.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. Aig Advisor Group Shareholder 1 May 2010 75% - 100% 86-0623864
Inc. Advisor Group Shareholder 1 May 2010 75% - 100% 86-0623864
Joseph Daniel Neary Chief compliance officer 1 May 2010 Other 2993505
Ralph Lawrence Roth Chief executive officer 1 May 2010 Other 1432179
Noah David Sorkin Senior vice president, general counsel, secretary and director 1 May 2012 Other 1832767
Craig Harold Dahmen Senior vice president, chief financial officer, treasurer and director 1 May 2012 Other 3245626
Kevin Michael Keefe President 1 Apr 2013 Other 1869560
Ralph Lawrence Roth Chairman and director 1 Apr 2013 Other 1432179
Erica Maja Mcginnis Vice president and chief compliance officer 1 Apr 2013 Other 2380497
Erica Maja Mcginnis Chairperson 1 Oct 2013 Other 2380497
Kenneth Ray Goodall Chief compliance officer 1 Oct 2013 Other 2682569
Erica Maja Mcginnis Chairperson and director 1 Nov 2014 Other 2380497
Noah David Sorkin Executive vice president, general counsel and secretary 1 Nov 2014 Other 1832767
Craig Harold Dahmen Senior vice president, chief financial officer, assistant treasurer and director 1 Nov 2014 Other 3245626
Robert John Guldner Vice president, chief compliance officer and director 1 Nov 2014 Other 2283980
Matthew Adam Schlueter Chief executive officer and president 1 Nov 2014 Other 2627931
Valerie Gay Brown Chairperson 1 Aug 2016 Other 4619265
James Dale Price Chairman 1 Nov 2016 Other 1243224
Cynthia Ann Hamel Director, chief operations officer, evp 1 May 2017 Other 3014361
Cynthia A Hamel Director, chief operations officer, evp 1 May 2017 Other 3014361
Nina Schloesser Mckenna Executive vice president, general counsel, secretary 1 Jun 2017 Other 6302448
Matthew Adam Schlueter Director, evp 1 Mar 2019 Other 2627931

Indirect Owners

The SEC currently registers 26 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Sunamerica Investments Shareholder 1 Sep 1990 75% - 100% 52-1128427
Inc. American International Group Shareholder 1 Jan 1999 75% - 100% 13-2592361
Sunamerica Life Insurance Company Shareholder 1 Jan 1999 50% - 75% 52-0502540
Inc Sunamerica Financial Group Shareholder 1 Jan 1999 25% - 50% 95-4715639
Inc. Safg Retirement Services Shareholder 1 Jan 1999 25% - 50% 95-4715639
Inc Sunamerica Financial Group Shareholder 1 Jan 2004 75% - 100% 95-4715639
Inc. Sunamerica Investments Shareholder 1 May 2010 75% - 100% 52-1128427
Sunamerica Life Insurance Company Shareholder 1 May 2010 75% - 100% 52-0502540
Inc. Aig Retirement Services Shareholder 1 May 2010 25% - 50% 95-4715639
Inc. American International Group Shareholder 1 May 2010 75% - 100% 13-2592361
Inc Sunamerica Financial Group Shareholder 1 May 2010 25% - 50% 95-4715639
Inc. Safg Retirement Services Shareholder 1 Apr 2012 25% - 50% 95-4715639
American General Life Insurance Company Shareholder 1 Dec 2012 75% - 100% 25-0598210
Agc Life Insurance Company Shareholder 1 Dec 2012 50% - 75% 76-0030921
Inc Sunamerica Financial Group Shareholder 1 Dec 2012 75% - 100% 74-0483432
Inc. Aig Life Holdings Shareholder 1 Mar 2013 75% - 100% 74-0483432
Inc. Advisor Group Holdings Shareholder 1 May 2016 75% - 100% 81-1294994
Lp Lightyear Fund Iii Shareholder 1 May 2016 25% - 50% 90-0652029
Lp Lightyear Fund Iii Gp General partner 1 May 2016 Other 90-0652029
Llc Lightyear Fund Iii Gp Holdings General partner 1 May 2016 75% - 100% 80-0678434
Llc Ly Holdings Managing member 1 May 2016 75% - 100% 46-4629703
Mark Francis Vassallo Managing member 1 May 2016 75% - 100% 1311427
Ag Parent Corporation Shareholder 1 Aug 2019 75% - 100% 84-1770050
Ag Intermediate Corporation Shareholder 1 Aug 2019 75% - 100% 38-4119398
L.P. Ag Artemis Holdings Shareholder 1 Aug 2019 75% - 100% 84-1759446
L.P. Rcp Artemis Co Invest Shareholder 1 Aug 2019 75% - 100% 98-1496057

Based in Jersey City

The principal office where Vision2020 Wealth Management Corp. performs its advisory services is located at 10 Excahnge Place, Jersey City, NJ 07302, 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 212-551-5732 or by fax 212-551-5200. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday.