Alexander Capital Wealth Management LLC

CRD#157714
Investment Advisor Firm

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Overview

Alexander Capital Wealth Management LLC operates as a financial advisory company located in New York, New York. The firm manages $78.8 million in total assets over 361 customer accounts. The company has a small group, including 22 financial advisors. Alexander Capital Wealth Management LLC is not a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer company to do so. Securities are exchangable fiscal assets such as options, bonds and stocks.

Alexander Capital Wealth Management LLC administers all of the firm's accounts on a discretionary basis. Discretionary management means that buy and sell decisions for the client's account are made by an investment advisor without needing to seek client permission. The investment advisory firm's typical account size is $218,169. The typical financial advisor at Alexander Capital Wealth Management LLC manages about 16 client accounts, placing it among the more personalized advisor firms in the country.

Alexander Capital Wealth Management LLC's headquarters is located at 17 State Street, New York, New York 10004. It is legally allowed to provide services to clients across 15 U.S. states and territories.

Assets Under Management

$78.8 million

Number of Advisors

22

Disclosures

No

Office Location

17 State Street
New York, NY 10004

Alexander Capital Wealth Management LLC by the Numbers

Total Assets Under Management

$78.8 million

National Average: $8.6 billion
Total Number of Employees

25

National Average: 64
Total Number of Accounts

361

National Average: 375,227
Average Account Size

$218.2 thousand

National Average: $23.0 thousand
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Fee Structure

Fees for financial management typically vary depending on the services offered. However, fees billed by Alexander Capital Wealth Management LLC can be comprised of the following fee structures: asset-based or performance-based. The firm does participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.

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 26% of firms

    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.

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 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 32% of firms that offer this fee type

    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.

  • 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

The company provides services to retail investors and high net worth investors. Out of its 361 customers, Alexander Capital Wealth Management LLC's largest client by number of accounts is retail investors, but it also caters to 25 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 9.16%
  • Other Individuals - 90.84%
  • 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

Alexander Capital Wealth Management LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Alexander Capital Wealth Management LLC

Joseph Amato
New York, NY
Dustin Bachtel
Glasgow, MO
Jesus Quezada
Alhambra, CA
Jeremy Presley
Atlanta, GA
John Slipek
Staten Island, NY
Paul Messina
New York, NY
Nick Filippo
New York, NY
Edward Portelles
New York, NY
Philip Winters
New York, NY

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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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