Cambridge Wealth Management, LLC
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Learn more about Cambridge Wealth Management, LLC
Overview
Cambridge Wealth Management, LLC operates as an advisory firm that has its headquarters in Cambridge, New York. The firm administers $25.6 million in assets under management over 102 client accounts. It has a small team, including 1 financial advisor. Cambridge Wealth Management, LLC is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are tradable fiscal investments like options, stocks and bonds.
Cambridge Wealth Management, LLC administers 94 of its accounts on a discretionary basis. Discretionary management means that an investment advisor makes transaction choices for the client's account without needing to seek the customer's approval. The company also oversees eight non-discretionary accounts with a total of $4.1 million in assets under management. The advisory firm administers an average of $250,502 in assets for every account. The typical financial advisor at Cambridge Wealth Management, LLC manages around 102 client accounts.
Cambridge Wealth Management, LLC's central office is at 5 Washington St., Cambridge, New York 12816. The firm is legally permitted to provide services to customers throughout 2 states, including New York and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Cambridge Wealth Management, LLC by the Numbers
$25.6 million
1
102
$250.5 thousand
Products and Services
Cambridge Wealth Management, LLC offers a number of financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers and educational seminars. In the past fiscal year, Cambridge Wealth Management, LLC provided financial planning services to 1-10 of its accounts. Cambridge Wealth Management, LLC does sell products or offer services apart from investment advisory services to its customers.
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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Find a firm that offers this service
Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees charged by financial advisors typically vary depending on which services are provided. However, fees charged by Cambridge Wealth Management, LLC most likely include the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Cambridge Wealth Management, LLC.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company provides services to retail investors and high net worth investors. Out of its 102 clients, Cambridge Wealth Management, LLC's biggest client type is high net worth investors, but it also serves 17 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of at least $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* - 65.38%
- Other Individuals - 34.62%
- 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
Cambridge Wealth Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Cambridge Wealth Management, LLC
Cambridge, 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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