Wealth Creation Management Group LLC (Monroe)

Name: Wealth Creation Management Group LLC
Address: 15 Pinehurst Circle, Monroe, NY, 10950
Telephone: 845-774-1144

Wealth Creation Management Group LLC is a mid-sized advisory firm based in Monroe. It manages $40.65 million of regulatory assets for 175 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of New Jersey, New York, and North Carolina.

Wealth Creation Management Group provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealth Creation Management Group: assets under management

The assets under management (AUM) of Wealth Creation Management Group LLC is $40.65 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and $35 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $40.65 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $232.26 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 45% of the total AUM. The second-largest asset type is investment and business development companies, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 21% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealth Creation Management Group 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 Wealth Creation Management Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Wealth Creation Management Group is individuals with 95 clients and $24 million of assets under management. Among the 1 most similar advisory firms, Wealth Creation Management Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $40.65 million for 100 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.

Wealth Creation Management Group doesn't advise any private funds.

Careers at Wealth Creation Management Group LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
Joseph Charles Barreiro	Managing member/chief compliance officer/investment advisor representative	1 Jan 2019	75% - 100%	2438140
Marilyn Louise Vander Plaat	Member/investment advisor representative	1 Feb 2019	Other	5245671

Based in Monroe

The principal office where Wealth Creation Management Group LLC performs its advisory services is located at 15 Pinehurst Circle, Monroe, NY 10950, 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 845-774-1144 or by fax 845-774-1594. The normal business hours are 9 am - 4 pm on Monday - Friday. You can find more information about the New York firm at wealthcmg.com.