Wolff Financial Management LLC (Kalamazoo)

Name: Wolff Financial Management LLC
Address: 5938 Venture Park Drive, Kalamazoo, MI, 49009
Telephone: 269-372-3100

Wolff Financial Management LLC is a large advisory firm based in Kalamazoo. It manages $252.01 million of regulatory assets for 686 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, Indiana, Michigan, and Texas.

Wolff Financial Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wolff Financial Management: assets under management

The assets under management (AUM) of Wolff Financial Management LLC is $252.01 million. The firm's AUM has grown by 99% since the beginning of its operation, and $309.47 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $248.08 million in discretionary accounts and $3.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $364.83 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $654.69 thousand.

Wolff Financial Management has custody of $188.51 million in cash and securities for 209 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 46% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Wolff Financial Management LLC 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 Wolff Financial Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Wolff Financial Management is high net worth individuals with 67 clients and $181.59 million of assets under management. Among the 5 most similar advisory firms, Wolff Financial Management has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $251.58 million for 265 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Wolff Financial Management doesn't advise any private funds.

Careers at Wolff Financial Management LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Cody Charles Isdaner	Managing member/chief compliance officer	1 Mar 2016	75% - 100%	6338896
Matthew Rolland Wolff	Managing member	1 Apr 2016	75% - 100%	2463965
Laurie Marie Arnsman	Chief compliance officer	1 Apr 2016	Other	5319443

Based in Kalamazoo

The principal office where Wolff Financial Management LLC performs its advisory services is located at 5938 Venture Park Drive, Kalamazoo, MI 49009, 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 269-372-3100 or by fax 269-372-3190. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at wfminvest.com/.