King Wealth Management Group, LLC is a large advisory firm based in Saratoga Springs. It manages $439.04 million of regulatory assets for 1,427 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Colorado, Connecticut, and 11 other states.
King Wealth Management Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of King Wealth Management Group, LLC is $439.04 million. The firm's AUM has grown by 75% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay King Wealth Management Group, 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.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of King Wealth Management Group is high net worth individuals with 92 clients and $257.47 million of assets under management. Among the 12 most similar advisory firms, King Wealth Management Group has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $438.31 million for 543 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.
King Wealth Management Group doesn't advise any private funds.
The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. No 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.
The principal office where King Wealth Management Group, LLC performs its advisory services is located at 270 West Circular Street, Saratoga Springs, NY 12866, 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 (518) 306-5640 or by fax (518) 306-5645. 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 kingwealthmanagementgroup.com.