Weber Asset Management, Inc

CRD#106267
Investment Advisor Firm

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Overview

Weber Asset Management, Inc is located at 1983 Marcus Ave, New Hyde Park, NY. The firm employs 6 financial advisors to manage client portfolios and provide financial guidance. Weber Asset Management, Inc is not a registered broker-dealer.

Weber Asset Management, Inc oversees $473.1 million in assets under management across 726 accounts, all of which are discretionary. Over the past year, the firm has provided financial planning services to between 11 and 25 clients. The services offered include financial planning services and portfolio management for individuals and small businesses. The firm caters to retail investors and high net worth investors, with retail investors being the largest client type by accounts. The fee structure at Weber Asset Management, Inc is asset-based. The firm has 143 high net worth clients.

Weber Asset Management, Inc is registered in the state of New York.

Assets Under Management

$473.1 million

Number of Advisors

6

Disclosures

No

Office Location

1983 Marcus Ave
New Hyde Park, NY 11042

Weber Asset Management, Inc by the Numbers

Total Assets Under Management

$473.1 million

National Average: $8.6 billion
Total Number of Employees

6

National Average: 64
Total Number of Accounts

726

National Average: 375,227
Average Account Size

$651.7 thousand

National Average: $23.0 thousand
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Products and Services

Financial services offered by Weber Asset Management, Inc can include financial planning services and portfolio management for individuals and small businesses. In the prior fiscal year, Weber Asset Management, Inc provided 45621 of its accounts with financial planning services. The Company is involved in selling products or offering services other than investment advice to its customers.

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 charged by financial advisors usually depend on the services offered. Fees billed by Weber Asset Management, Inc typically consist of the following fee structure: asset-based.

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.

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 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.

  • 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 2 clients, Weber Asset Management, Inc's biggest client group by number of accounts is high net worth investors, but it also caters to 143 high-net-worth individuals. The SEC defines a high-net-worth individual as a person 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* - 41.09%
  • Other Individuals - 58.91%
  • 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

Weber Asset Management, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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