Nauset Wealth Management, LLC (Westport)

Name: Nauset Wealth Management, LLC
Address: 136 Main Street, Westport, CT, 06880
Telephone: 203-454-7328

Nauset Wealth Management, LLC is a large advisory firm based in Westport. It manages $174.16 million of regulatory assets for 497 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Connecticut, Florida, and 4 other states.

Nauset Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Nauset Wealth Management: assets under management

The assets under management (AUM) of Nauset Wealth Management, LLC is $174.16 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 368% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $174.16 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $350.43 thousand each.

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 32% of the firm’s portfolio. Investments in pooled investment vehicles form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nauset Wealth Management, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Nauset Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Nauset Wealth Management is individuals with 82 clients and $87.89 million of assets under management. Among the 8 most similar advisory firms, Nauset Wealth Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $174.16 million for 99 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.

Nauset Wealth Management doesn't advise any private funds.

Careers at Nauset 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.

Nauset Wealth Management, LLC is owned by Karen Lynn Swanson. Michael Robert Lombardo joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Robert Lombardo	Chief compliance officer	1 Feb 2000	Other	4368492
Inc. Nauset Strategic Partners	Managing member	1 Feb 2000	75% - 100%	06-1497327
Karen Lynn Swanson	Owner	1 May 2007	25% - 50%	5556757

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Karen Lynn Swanson	Vice president	1 Feb 2000	50% - 75%	5556757

Based in Westport

The principal office where Nauset Wealth Management, LLC performs its advisory services is located at 136 Main Street, Westport, CT 06880, 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 203-454-7328 or by fax 203-454-9906. The normal business hours are 8:30 to 5:30 on Monday - Friday. You can find more information about the New York firm at nausetwealth.com.