Robustwealth Inc. (Lambertville)

Name: Robustwealth Inc.
Address: 204 N. Union Street, Lambertville, NJ, 08530
Telephone: 609-483-8101

Robustwealth Inc. is a large advisory firm based in Lambertville. It manages $867.06 million of regulatory assets for 4,745 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Robustwealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and sub-advisor. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Robustwealth: assets under management

The assets under management (AUM) of Robustwealth Inc. is $867.06 million. The firm's AUM has grown by 144% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $41.45 million in discretionary accounts and $825.6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $142.94 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $185.32 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 91% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Robustwealth Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Robustwealth serves?

The firm provides services to individuals and other investment advisers. The largest group of clients of Robustwealth is other investment advisers with 76 clients and $864.54 million of assets under management. Among the 6 most similar advisory firms, Robustwealth has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $866.96 million for 95 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Robustwealth doesn't advise any private funds.

Careers at Robustwealth Inc.

The company employs 51 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 14 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Robustwealth Inc. is owned by John Horvath. Inc. Principal Innovations joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael John Kerins	Chief compliance officer / chief executive officer / managing member	1 Jul 2015	75% - 100%	6525570
Christopher Louis Kerins	Chief technology officer	1 Jul 2015	Other	6032338
Robert Nicholas Cavallaro	Cheif investment officer	1 Jul 2015	Other	2321381
John Horvath	Owner	1 Apr 2016	Other	6639587
Sbic Lp Walden Venture Capital Viii	Owner	1 Oct 2016	25% - 50%	80-0886122
Catherine Theresa Reese	Chief compliance officer	1 Dec 2017	Other	2006207
Inc. Principal Innovations	Owner	1 Jul 2018	75% - 100%	83-0794425
Jessica Ann Henricksen	Chief operating officer	1 Jul 2018	Other	4334338

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Principal Financial Group	Owner	1 Oct 2001	75% - 100%	42-1476366
Lawrence F Marcus	Managing director of gp	1 Jan 2013	Other	2529760
Matthew R. Miller	Managing director of gp	1 Jan 2013	Other	6048297
Arthur Steven Berliner	Managing director of gp	1 Jan 2013	Other	6910129
Llc Walden Venture Capital Viii	General partner	1 Oct 2016	Other	46-1815314
Inc. Principal Financial Services	Owner	1 Jul 2018	75% - 100%	42-1476367
Michael John Kerins	Owner	1 Jul 2018	Other	6525570

Based in Lambertville

The principal office where Robustwealth Inc. performs its advisory services is located at 204 N. Union Street, Lambertville, NJ 08530, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 609-483-8101. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at robustwealth.com/.