Vestwell Advisors LLC

CRD#284173
Investment Advisor Firm

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Learn more about Vestwell Advisors LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Vestwell Advisors LLC is located at 360 Madison Avenue, New York, NY. The firm employs 15 financial advisors to manage client portfolios and provide financial guidance. Vestwell Advisors LLC is not a registered broker-dealer.

    Vestwell Advisors LLC oversees $279.5 million in assets under management across 18,855 accounts, of which 3,659 are discretionary and 15,196 are non-discretionary. The services offered include portfolio management for individuals and small businesses, as well as other services. The firm caters to retail investors and pension plans, with pension plans being the largest client type by accounts. The fee structure at Vestwell Advisors LLC includes asset-based and fixed fees. The firm maintains affiliations with a trust company.

    Vestwell Advisors LLC is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $279.5 million

    Number of Advisors

    15

    Disclosures

    No

    Office Location

    360 Madison Avenue
    New York, NY 10017

    Vestwell Advisors LLC by the Numbers

    Total Assets Under Management

    $279.5 million

    National Average: $8.6 billion
    Total Number of Employees

    386

    National Average: 64
    Total Number of Accounts

    18,855

    National Average: 375,227
    Average Account Size

    $14.8 thousand

    National Average: $23.0 thousand
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    Fee Structure

    Fees charged by financial advisors typically vary depending on which service is provided. Fees charged by Vestwell Advisors LLC may include any blend of the following fee structures: asset-based or fixed.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    It caters to retail investors and pension plans. Out of its 2 clients, Vestwell Advisors LLC's biggest client type by number of accounts is pension plans.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 45.49%
    • Corporations - 54.51%
    • 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

    Vestwell Advisors LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Vestwell Advisors LLC

    Linda Lee
    New York, NY
    Russell Newton
    Milford, NH
    Christopher Eisser
    New York, NY
    Eli Landow
    Wallingford, CT
    Adam Bush
    Washington, DC
    Kim Andranovich
    San Diego, CA
    Mazyar Naftchi
    New York, NY
    Brian Guerra
    New York, NY
    Kian Rafia
    Savoy, IL

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