Wiss Private Client Advisors, LLC (Livingston)

Name: Wiss Private Client Advisors, LLC
Address: 354 Eisenhower Parkway, Livingston, NJ, 07039
Telephone: 973-577-2529

Wiss Private Client Advisors, LLC is a large advisory firm based in Livingston. It manages $108.73 million of regulatory assets for 178 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Florida, New Jersey, and New York.

Wiss Private Client Advisors provides financial planning services, portfolio management for individuals and small businesses, 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.

Wiss Private Client Advisors: assets under management

The assets under management (AUM) of Wiss Private Client Advisors, LLC is $108.73 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 $85.57 million in discretionary accounts and $23.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $673.74 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $454.26 thousand.

Wiss Private Client Advisors has custody of $28.69 thousand in cash and securities for 1 client 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 37% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in state and local bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Wiss Private Client Advisors, 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 Wiss Private Client Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Wiss Private Client Advisors is high net worth individuals with 21 clients and $84.39 million of assets under management. Among the 13 most similar advisory firms, Wiss Private Client Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $96.89 million for 52 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.

Wiss Private Client Advisors doesn't advise any private funds.

Careers at Wiss Private Client Advisors, LLC

The company employs 4 people that are either part- or full-time employees. 50 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.

Llp Wiss & Company joined the executive team most recently as the Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llp Wiss & Company	Managing member	1 Aug 2016	75% - 100%	22-1732349
Stephanie Florence Lise Hughes	Member/chief executive officer/chief compliance officer	1 May 2018	Other	6238388

Based in Livingston

The principal office where Wiss Private Client Advisors, LLC performs its advisory services is located at 354 Eisenhower Parkway, Livingston, NJ 07039, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-577-2529 or by fax 973-629-1485. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at wiss.com/services/private-client-advisors.