Greenhouse Wealth Management, LLC (Westport)

Name: Greenhouse Wealth Management, LLC
Address: 8 Wright Street, Westport, CT, 06880
Telephone: 203-561-5002

Greenhouse Wealth Management, LLC is a large advisory firm based in Westport. It manages $125.68 million of regulatory assets for 222 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Connecticut.

Greenhouse Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Greenhouse Wealth Management: assets under management

The assets under management (AUM) of Greenhouse Wealth Management, LLC is $125.68 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $70.36 million in discretionary accounts and $55.33 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $374.23 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.63 million.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 20% of the firm’s portfolio. Investments in state and local bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Greenhouse Wealth Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Greenhouse Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Greenhouse Wealth Management is high net worth individuals with 42 clients and $122.16 million of assets under management. Among the 10 most similar advisory firms, Greenhouse Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $125.68 million for 51 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.

Greenhouse Wealth Management doesn't advise any private funds.

Careers at Greenhouse Wealth Management, LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Based in Westport

The principal office where Greenhouse Wealth Management, LLC performs its advisory services is located at 8 Wright Street, Westport, CT 06880, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-561-5002. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at facebook.com/pg/greenhousewealth/ and its LinkedIn profile.