Wiss Private Client Advisors, LLC
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Overview
Wiss Private Client Advisors, LLC operates as a financial advisor firm based in Florham Park, New Jersey. Wiss Private Client Advisors, LLC administers $246.8 million in total assets across 427 customer accounts, making it a mid-tier firm in the nation by assets under management (AUM). The firm has a small team, including 8 financial advisors. Wiss Private Client Advisors, LLC does not act as a registered broker-dealer, meaning it cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer company to do so. Securities are exchangable fiscal assets such as stocks, bonds and options.
Wiss Private Client Advisors, LLC oversees the majority of its accounts in a discretionary manner. Discretionary management means that transaction decisions are made by an investment advisor without requiring client consent. Wiss Private Client Advisors, LLC also oversees 64 non-discretionary accounts with a total of $37.9 million in AUM. Wiss Private Client Advisors, LLC supervises roughly $578,033 in assets for every customer account. An average advisor at Wiss Private Client Advisors, LLC manages about 53 client accounts, placing it towards the middle in terms of personalization.
Wiss Private Client Advisors, LLC's main office is located at 100 Campus Drive, Florham Park, New Jersey 7932. Wiss Private Client Advisors, LLC is legally permitted to provide services to clients across a number of states, including Florida, New Jersey, New York and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Wiss Private Client Advisors, LLC by the Numbers
$246.8 million
9
427
$578.0 thousand
Products and Services
Wiss Private Client Advisors, LLC provides a number of financial services, including financial planning services, portfolio management for individuals and small businesses and selection of other advisers. However, Wiss Private Client Advisors, LLC did not provide financial planning services to any of its clients in the last fiscal year. The firm is not involved in selling products or offering services apart from investment advice to its investment advisory accounts. The company also has a number of financial industry affiliations, including with an accountant or accounting firm and insurance company or agency.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial management typically depend on which services the firm provides the client. However, fees charged by the firm typically consist of the following fee structure: asset-based. The company does not supply a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It works with retail investors and high net worth investors. Out of its 427 accounts, Wiss Private Client Advisors, LLC's largest client group by number of accounts is high net worth investors, though it also caters to 83 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 73.45%
- Other Individuals - 26.55%
- 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
Wiss Private Client Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Wiss Private Client Advisors, LLC
Florham Park, NJ
Florham Park, NJ
Florham Park, NJ
Florham Park, NJ
Florham Park, NJ
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