Bone Fide Wealth, LLC is a mid-sized advisory firm based in New York. It manages $61.07 million of regulatory assets for 238 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of California, Florida, New Jersey, and New York.
Bone Fide Wealth provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, 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.
The assets under management (AUM) of Bone Fide Wealth, LLC is $61.07 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Bone Fide Wealth, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Bone Fide Wealth is high net worth individuals with 31 clients and $35.92 million of assets under management. Among the 3 most similar advisory firms, Bone Fide Wealth has the lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $61.07 million for 238 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.
Bone Fide Wealth doesn't advise any private funds.
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.
The principal office where Bone Fide Wealth, LLC performs its advisory services is located at 7 World Trade Center, New York, NY 10007, 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 212-390-1161 or by fax 212-390-1162. The normal business hours are 9am to 6pm on Other. You can find more information about the New York firm at bonefidewealth.com and its LinkedIn profile.