Wasserman Wealth Management, LLC (Farmington Hills)

Name: Wasserman Wealth Management, LLC
Address: 31700 Middlebelt Road, Farmington Hills, MI, 48334
Telephone: 248.626.3900

Wasserman Wealth Management, LLC is a large advisory firm based in Farmington Hills. It manages $192.33 million of regulatory assets for 395 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Florida, Michigan, and Texas.

Wasserman Wealth Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wasserman Wealth Management: assets under management

The assets under management (AUM) of Wasserman Wealth Management, LLC is $192.33 million. The firm's AUM has grown by 270% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $192.11 million in discretionary accounts and $217.97 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $488.83 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $108.99 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 45% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 17% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Wasserman Wealth 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 Wasserman Wealth Management serves?

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 Wasserman Wealth Management is high net worth individuals with 42 clients and $154.79 million of assets under management. Among the 8 most similar advisory firms, Wasserman Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $192.33 million for 119 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.

Wasserman Wealth Management doesn't advise any private funds.

Careers at Wasserman Wealth Management, LLC

The company employs 3 people that are either part- or full-time employees. 67 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
Bradley Alan Wasserman	Managing member & chief compliance officer	1 Nov 2000	50% - 75%	4619520
Keith Christopher Rybak	Member	1 Jan 2010	25% - 50%	5773609
Keith Rybak	Member	1 Jan 2010	25% - 50%	5773609

Based in Farmington Hills

The principal office where Wasserman Wealth Management, LLC performs its advisory services is located at 31700 Middlebelt Road, Farmington Hills, MI 48334, 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 248.626.3900 or by fax 248.626.3903. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at wassermanwealth.com and its LinkedIn profile.