Focused Wealth Management, Inc

CRD#154828
Investment Advisor Firm

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Learn more about Focused Wealth Management, Inc

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

    • Overview

    Focused Wealth Management, Inc is located at 11 Balmville Rd., Newburgh, NY. The firm employs 12 financial advisors to manage client portfolios and provide financial guidance. Focused Wealth Management, Inc is not a registered broker-dealer.

    Focused Wealth Management, Inc oversees $1.2 billion in assets under management across 1,980 accounts, all of which are discretionary. Over the past year, the firm has provided financial planning services to between 1 and 10 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, and pension consulting services. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, state or municipal government entities, and corporations, with retail investors being the largest client type by accounts. The fee structure at Focused Wealth Management, Inc includes asset-based, hourly, and fixed fees. The firm has 231 high net worth clients.

    Focused Wealth Management, Inc is registered in the states of Arizona, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Hawaii, Maryland, Massachusetts, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, and Washington.

    Assets Under Management

    $1.2 billion

    Number of Advisors

    12

    Disclosures

    No

    Office Location

    11 Balmville Rd.
    Newburgh, NY 12550-1911

    Focused Wealth Management, Inc by the Numbers

    Total Assets Under Management

    $1.2 billion

    National Average: $8.6 billion
    Total Number of Employees

    18

    National Average: 64
    Total Number of Accounts

    1,980

    National Average: 375,227
    Average Account Size

    $597.8 thousand

    National Average: $23.0 thousand
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    Products and Services

    Focused Wealth Management, Inc provides a variety of services, including financial planning services, portfolio management for individuals and small businesses, and pension consulting services. In the past financial year, Focused Wealth Management, Inc provided financial planning services to 45301 of its clients. The Company is not engaged in selling products or offering services apart from investment advice to its investment advisory clients.

    Core Advisor Services

    • 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.

    • 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.

    • 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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    Fee Structure

    Fees for financial advisory services typically are based on which services the firm provides the client. Fees charged by Focused Wealth Management, Inc likely consist of any blend of the following fee structures: asset-based, hourly, or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Focused Wealth Management, Inc.

    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 21% of firms

      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.

    • 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 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

    The firm manages money for a broad range of investors. The firm provides services to retail investors, high net worth investors, pension plans, charitable organizations, state or municipal government entities, and corporations. Out of its 6 clients, Focused Wealth Management, Inc's biggest client group by number of accounts is pension plans, but it also serves 231 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of more than $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 13.82%
    • Other Individuals - 79.49%
    • Corporations - 6.52%
    • Charitable Organizations - 0.18%

    * 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

    Focused Wealth Management, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Focused Wealth Management, Inc

    Ryan Swanson
    Newburgh, NY
    Patrick Shea
    Newburgh, NY
    Matthew Wyant
    Newburgh, NY
    Zachary Manheim
    Newburgh, NY
    Anthony Dicapua
    Newburgh, NY
    Jacob Brett
    Newburgh, NY
    Michael Passante
    Newburgh, NY
    Charles Yarnold
    Newburgh, NY
    Philip Deangelo
    Newburgh, NY

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