Wealthstream Advisors, Inc. (New York)

Name: Wealthstream Advisors, Inc.
Address: 60 East 42 Nd Street, New York, NY, 10165
Telephone: 212-971-9241

Wealthstream Advisors, Inc. is a large advisory firm based in New York. It manages $568.46 million of regulatory assets for 1,137 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Florida, New Hampshire, and 5 other states.

Wealthstream Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealthstream Advisors: assets under management

The assets under management (AUM) of Wealthstream Advisors, Inc. is $568.46 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1188% since the beginning of its operation, and $833.81 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $568.46 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $499.97 thousand each.

Wealthstream Advisors has custody of $122.5 million in cash and securities for 82 clients in total but doesn’t act as a qualified custodian.

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 exchange traded securities, which make up 7% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealthstream Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Wealthstream Advisors serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Wealthstream Advisors is high net worth individuals with 146 clients and $479.99 million of assets under management. Among the 9 most similar advisory firms, Wealthstream Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $564.93 million for 260 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.

Wealthstream Advisors doesn't advise any private funds.

Careers at Wealthstream Advisors, Inc.

The company employs 15 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. 2 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 compensates 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
Michael Eric Goodman	President / chief compliance officer	1 Jun 2004	75% - 100%	2747956
Aaron Michael Tawil	Chief operating officer	1 Mar 2018	Other	2093634

Based in New York

The principal office where Wealthstream Advisors, Inc. performs its advisory services is located at 60 East 42 Nd Street, New York, NY 10165, which is also the mailing address of the firm. An additional office of the firm is in Syosset, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-971-9241 or by fax 212-868-3140. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at wealthstreamadvisors.com.