Watchstone Wealth Management LLC (New York)

Name: Watchstone Wealth Management LLC
Address: 349 Fifth Avenue, New York, NY, 10016
Telephone: 347-993-3558

Watchstone Wealth Management LLC is a mid-sized advisory firm based in New York. It manages $33.17 million of regulatory assets for 93 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, New York, and Texas.

Watchstone Wealth Management 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.

Watchstone Wealth Management: assets under management

The assets under management (AUM) of Watchstone Wealth Management LLC is $33.17 million. The firm's AUM has grown by 13% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $33.16 million in discretionary accounts and $13.47 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $360.4 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $13.47 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Watchstone Wealth Management 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 Watchstone Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Watchstone Wealth Management is high net worth individuals with 8 clients and $16.78 million of assets under management. Among the 2 most similar advisory firms, Watchstone Wealth Management has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $30.44 million for 68 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.

Watchstone Wealth Management doesn't advise any private funds.

Careers at Watchstone Wealth Management LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
David Martin Greenberg	Member, president and chief compliance officer	1 Sep 2014	75% - 100%	5350852

Based in New York

The principal office where Watchstone Wealth Management LLC performs its advisory services is located at 349 Fifth Avenue, New York, NY 10016, 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 347-993-3558 or by fax 888-882-3776. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at watchstonewm.com.