Maltin Wealth Management, Inc. (Paramus)

Name: Maltin Wealth Management, Inc.
Address: 650 From Road, Paramus, NJ, 07652
Telephone: 201-215-3855

Maltin Wealth Management, Inc. is a large advisory firm based in Paramus. It manages $205.06 million of regulatory assets for 884 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, New Jersey, New York, and Texas.

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

Maltin Wealth Management: assets under management

The assets under management (AUM) of Maltin Wealth Management, Inc. is $205.06 million. The firm's AUM has grown by 102% since the beginning of its operation, and $3.51 million of the total AUM is attributable to clients outside of the United States.

The firm manages $203.15 million in discretionary accounts and $1.91 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $235.12 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $95.5 thousand.

Maltin Wealth Management has custody of $8.12 million in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Maltin Wealth Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Maltin Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Maltin Wealth Management is high net worth individuals with 80 clients and $185.09 million of assets under management. Among the 8 most similar advisory firms, Maltin Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $204.31 million for 124 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Maltin Wealth Management doesn't advise any private funds.

Careers at Maltin Wealth Management, Inc.

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Peter L Maltin	Principal / chief compliance officer	1 Sep 2012	75% - 100%	4216725

Based in Paramus

The principal office where Maltin Wealth Management, Inc. performs its advisory services is located at 650 From Road, Paramus, NJ 07652, 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 201-215-3855. 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 maltinwealth.com/.