Wright Private Asset Management LLC
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Overview
Wright Private Asset Management LLC operates as an advisory firm located in Shelton, Connecticut. Wright Private Asset Management LLC has $49.6 million in assets over 77 customer accounts. The company has a small group, including 6 financial advisors. Wright Private Asset Management LLC does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable financial assets like bonds, equities and options.
Wright Private Asset Management LLC oversees all of the company's accounts on a discretionary basis. Discretionary management is a structure in which transaction judgments for the client's account are made by a portfolio manager without requiring the client's permission. Wright Private Asset Management LLC's average account size is $643,727. The average financial advisor at Wright Private Asset Management LLC oversees around 13 client accounts, placing it among the more personalized firms in the country.
Wright Private Asset Management LLC's main office is at 2 Corporate Drive, Shelton, Connecticut 6484. The company is legally permitted to provide services to clients throughout a number of states, including Alaska, Connecticut, Florida and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Wright Private Asset Management LLC by the Numbers
$49.6 million
17
77
$643.7 thousand
Fee Structure
Financial management fees largely are based on which services the firm provides the client. However, fee types billed by Wright Private Asset Management LLC may include any blend of the following fee structures: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 32% of firms
Fixed
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm works with retail investors and high net worth investors. Out of its 77 accounts, Wright Private Asset Management LLC's biggest client type by number of accounts is retail investors, but it also manages money for 12 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 6% of its accounts are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 28.57%
- Other Individuals - 71.43%
- Corporations - 0%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Wright Private Asset Management LLC does not have any disclosures.
Please visit its Form ADV for more details.
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