National Wealth Management
250 Moonachie Rd.
Moonachie, NJ 07074
No. advisers: 3
|Financial planning clients||N/A|
|High-net-worth client assets||Up to 75%|
|Percentage of assets under management||Yes|
|Total AUM||Total Accounts||Avg. Account AUM|
April 19, 2017 - A two-person Buffalo, N.Y., team that managed $175 million in assets while affiliated with the Wells Fargo Advisors Financial Network (FiNet) has moved to HighTower. Thomas Volpini and Derek Bock, whose team was known as National Wealth Management at...
December 15, 2016 - Advisory firm Wealth Enhancement Group announced it's purchasing a $200 million wealth management firm, its third acquisition since being bought by private equity firm Lightyear Capital 18 months ago. In its latest push towards becoming a national wealth...
March 28, 2016 - Mercer Advisors, the parent of registered investment adviser Mercer Global Advisors, is merging with Kanaly Trust to create a more than $8 billion-asset firm. Both Mercer and Kanaly are owned by private equity firms. Genstar Capital-backed Mercer has...
December 3, 2015 - The past several months have been fascinating if you are an independent adviser. Three large transactions have been announced that offer some telling signals about where the industry is headed. To wit: â€˘ Lightyear Capital bought a majority position...
September 26, 2014 - My last post created quite a stir and I felt it was important to clarify a couple of points before going to the next article in the series about â€śThe Big Squeeze.â€ť In particular, two issues seemed to be the focus of attention. The first was about...
September 12, 2014 - For most of our professional lives, independent advisers have been able to build their businesses by competing against scattered local competition from brokers working at one of the big brokerage firms and the other independent advisers in their neighborhood....
- N/A = Not available
- N/D = Not disclosed
- — = Information not available or not disclosed
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*Methodology: InvestmentNews qualified 1,906 firms headquartered in the United States based on data reported on Form ADV to the Securities and Exchange Commission as of May 1, 2017. To qualify, firms must have met the following criteria: (1) latest ADV filing date is either on or after January 1, 2017, (2) total AUM is at least $100M, (3) does not have employees who are registered representatives of a broker-dealer, (4) provided investment advisory services to clients during its most recently completed fiscal year, (5) no more than 50% of amount of regulatory assets under management is attributable to pooled investment vehicles (other than investment companies), (6) no more than 25% of amount of regulatory assets under management is attributable to pension and profit-sharing plans (but not the plan participants), (7) no more than 25% of amount of regulatory assets under management is attributable to corporations or other businesses, (8) does not receive commissions, (9) provides financial planning services, (10) is not actively engaged in business as a broker-dealer (registered or unregistered), (11) is not actively engaged in business as a registered representative of a broker-dealer, (12) has neither a related person who is a broker-dealer/municipal securities dealer/government securities broker or dealer (registered or unregistered) nor one who is an insurance company or agency.
Top advisers understand that they need to work outside the box and focus on generational reach. Susan Kay of MFS Fund Distributors, Inc. explains.
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