Revolve Wealth Partners, LLC (Hackensack)

Name: Revolve Wealth Partners, LLC
Address: 411 Hackensack Avenue, Hackensack, NJ, 07601
Telephone: 201-373-2163

Revolve Wealth Partners, LLC is a large advisory firm based in Hackensack. It manages $306.97 million of regulatory assets for 1,468 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Colorado, Connecticut, and 5 other states.

Revolve Wealth Partners 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 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Revolve Wealth Partners: assets under management

The assets under management (AUM) of Revolve Wealth Partners, LLC is $306.97 million. The firm's AUM has grown by 45% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $290.16 million in discretionary accounts and $16.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $204.62 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $336.19 thousand.

Revolve Wealth Partners has custody of $156.54 million in cash and securities for 225 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 46% of the total AUM. The second-largest asset type is state and local bonds, which make up 25% of the firm’s portfolio. Investments in exchange traded securities form 22% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Revolve Wealth Partners, 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.

What kind of clients Revolve Wealth Partners serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Revolve Wealth Partners is high net worth individuals with 101 clients and $260.92 million of assets under management. Among the 9 most similar advisory firms, Revolve Wealth Partners has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $306.97 million for 328 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.

Revolve Wealth Partners doesn't advise any private funds.

Careers at Revolve Wealth Partners, LLC

The company employs 11 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. 5 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
Daniel Lawrence Katz	Managing member	1 Apr 2017	50% - 75%	4830089
Michael Scott Israel	Managing member	1 Apr 2017	50% - 75%	4616863
Logan M Trenz	Chief compliance officer	1 Apr 2017	Other	5636898

Based in Hackensack

The principal office where Revolve Wealth Partners, LLC performs its advisory services is located at 411 Hackensack Avenue, Hackensack, NJ 07601 The mailing address of the firm is 411 Hackensack Avenue, Hackensack, NJ 07601. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 201-373-2163 or by fax 866-496-4943. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at revolvewealth.com.