Pleasant Street Wealth Advisors, LLC (Groton)


Pleasant Street Wealth Advisors, LLC is an adviser based in Groton. It manages $13.2 million of regulatory assets for 146 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Connecticut, Massachusetts, and New York.

Pleasant Street Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pleasant Street Wealth Advisors: assets under management

The assets under management (AUM) of Pleasant Street Wealth Advisors, LLC is $13.2 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 19% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $13.2 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $90.41 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is other assets, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pleasant Street Wealth Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Pleasant Street Wealth Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Pleasant Street Wealth Advisors is high net worth individuals with 9 clients and $12 million of assets under management. Among the 2 most similar advisory firms, Pleasant Street Wealth Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $13.2 million for 64 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.

Pleasant Street Wealth Advisors doesn't advise any private funds.

Careers at Pleasant Street Wealth Advisors, LLC

The company employs 2 people that are either part- or full-time employees. 100 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.

Nordo M Nissi joined the executive team most recently as the Chief Executive Officer And Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Llc Pleasant Street Capital Managing member 1 Jan 2018 75% - 100% 47-3749075
Taylor Alexander Nissi Managing member 1 Jan 2018 Other 5188859
Nordo M Nissi Chief executive officer and chief compliance officer 1 Jan 2018 Other 1666385
Nordo M Nissi Chief executive officer and chief compliance officer 1 Apr 2018 Other 1666385
Taylor Alexander Nissi Manager and chief compliance officer 1 Apr 2018 75% - 100% 5188859
Nordo Mauro Nissi Chief executive officer 1 Apr 2018 Other 1666385

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Taylor Alexander Nissi Managing member 1 Dec 2017 75% - 100% 5188859
Jane Reade Nissi Member 1 Dec 2017 75% - 100% 6992437

Based in Groton

The principal office where Pleasant Street Wealth Advisors, LLC performs its advisory services is located at 20 Pleasant Street R, Groton, MA 01450, which is also the mailing address of the firm. An additional office of the firm is in Stamford, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (978) 758-1604. The normal business hours are 9:00am - 5:00pm on Monday - Friday.