Papamarkou Wellner Perkin Advisors

CRD#131796
Investment Advisor Firm

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Overview

Papamarkou Wellner Perkin Advisors is located at 430 Park Avenue, New York, NY. The firm employs 9 financial advisors to manage client portfolios and provide financial guidance. Papamarkou Wellner Perkin Advisors is not a registered broker-dealer.

Papamarkou Wellner Perkin Advisors oversees $332.4 million in assets under management across 112 accounts, of which 102 are discretionary and 10 are non-discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, selection of other advisers, publication of newsletters, and other services. The firm caters to high net worth investors, pooled investment vehicles, pension plans, charitable organizations, and corporations, with high net worth investors being the largest client type by accounts. The fee structure at Papamarkou Wellner Perkin Advisors includes asset-based and other fees. The firm has 93 high net worth clients and maintains affiliations with a broker-dealer or securities dealer and a commodity pool advisor.

Papamarkou Wellner Perkin Advisors is registered in the states of California, Connecticut, District of Columbia, Florida, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, and Texas.

Assets Under Management

$332.4 million

Number of Advisors

9

Disclosures

No

Office Location

430 Park Avenue
New York, NY 10022

Papamarkou Wellner Perkin Advisors by the Numbers

Total Assets Under Management

$332.4 million

National Average: $8.6 billion
Total Number of Employees

10

National Average: 64
Total Number of Accounts

112

National Average: 375,227
Average Account Size

$3.0 million

National Average: $23.0 thousand
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Products and Services

Papamarkou Wellner Perkin Advisors offers a number of financial services, including portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, selection of other advisers, publication of newsletters, and other services. However, Papamarkou Wellner Perkin Advisors did not provide any of its clients with financial planning services in the last fiscal year. The Company is involved in selling products or offering services aside from investment advice to its clients.

Core Advisor Services

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    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.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • 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.

  • Offered by 3% of firms

    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.

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Fee Structure

A financial advisor's fees usually depend on the type of services provided. Fees charged by Papamarkou Wellner Perkin Advisors can consist of some blend of the following fee types: asset-based or other.

Available

  • Offered by 69% of firms

    Percentage of Assets

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    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 10% of firms

    Other

    Show Explanation

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

Unavailable

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

    Hourly

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    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

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    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 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.

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Types of Clients

The firm manages money for a broad range of investors. It caters to high net worth investors, pooled investment vehicles, pension plans, charitable organizations, and corporations. Out of its 5 clients, Papamarkou Wellner Perkin Advisors's largest client type by number of accounts is high net worth investors, though it also manages money for 93 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 more than $1,50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments).

  • High-Net-Worth Individuals* - 83.04%
  • Other Individuals - 0%
  • Corporations - 16.07%
  • Charitable Organizations - 0.89%

* 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

Papamarkou Wellner Perkin Advisors does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Papamarkou Wellner Perkin Advisors

Kyle Wellner
New York, NY
Nicolas Sitinas
New York, NY
Lorenzo Lorenzotti
New York, NY
Joanne Zerillo
New York, NY
Thorne Perkin
New York, NY
Donik Arabyan
New York, NY
Karl Wellner
New York, NY
Anastasios Adam
New York, NY

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The content in this profile was updated by SmartAsset on 6/19/2024. 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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