Cross Border Wealth, LLC (New York)

Name: Cross Border Wealth, LLC
Address: 12 East 49 Th Street, New York, NY, 10017
Telephone: 646-688-5333

Cross Border Wealth, LLC is a mid-sized advisory firm based in New York. It manages $40.19 million of regulatory assets for 80 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Connecticut and New York.

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

Cross Border Wealth: assets under management

The assets under management (AUM) of Cross Border Wealth, LLC is $40.19 million. $2.01 million of the total AUM is attributable to clients outside of the United States.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cross Border Wealth, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Cross Border Wealth serves?

The only and largest group of clients of Cross Border Wealth is high net worth individuals with 80 clients and $40.19 million of assets under management. Among the 3 most similar advisory firms, Cross Border Wealth has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $40.19 million for 80 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.

Cross Border Wealth doesn't advise any private funds.

Careers at Cross Border Wealth, 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andoni Yturralde	Managing partner/chief compliance officer	1 Feb 2017	50% - 75%	3070270
Fabrice Mercier	Managing partner	1 Jul 2017	50% - 75%	6640917

Based in New York

The principal office where Cross Border Wealth, LLC performs its advisory services is located at 12 East 49 Th Street, New York, NY 10017, 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 646-688-5333. The normal business hours are 8am-6pm on Monday - Friday. You can find more information about the New York firm at linkedin.com/sales/profile/131899425,j4pl,name_search?modulekey=peoplesearchresults&pagekey=sales-search3-people&con.