Yorkbridge Wealth Partners, LLC (New York)

Name: Yorkbridge Wealth Partners, LLC
Address: 80 Broad Street, New York, NY, 10004
Telephone: (212) 574-4070

Yorkbridge Wealth Partners, LLC is a large advisory firm based in New York. It manages $757.01 million of regulatory assets for 805 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Connecticut, Florida, and 7 other states.

Yorkbridge Wealth Partners provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Yorkbridge Wealth Partners: assets under management

The assets under management (AUM) of Yorkbridge Wealth Partners, LLC is $757.01 million. The firm's AUM has grown by 33% since the beginning of its operation, and $6.19 million of the total AUM is attributable to clients outside of the United States.

The firm manages $696.63 million in discretionary accounts and $60.38 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $543.92 thousand.

Yorkbridge Wealth Partners has custody of $590.17 thousand in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in government bonds the most. They account for 41% of the total AUM. The second-largest asset type is exchange traded securities, which make up 28% of the firm’s portfolio. Investments in investment and business development companies form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Yorkbridge Wealth Partners, 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 Yorkbridge Wealth Partners serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Yorkbridge Wealth Partners is high net worth individuals with 118 clients and $696.2 million of assets under management. Among the 9 most similar advisory firms, Yorkbridge Wealth Partners has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $757.01 million for 251 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Yorkbridge Wealth Partners doesn't advise any private funds.

Careers at Yorkbridge Wealth Partners, LLC

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Christopher Edward Winn	Member and interim cco	1 May 2016	75% - 100%	4639347
Carrie Gallaway Maglia	Managing member and chief compliance officer	1 Jun 2016	25% - 50%	3102691
Andrew Lane Stern	Managing member	1 Jun 2016	25% - 50%	2529034
Jeffrey Bruce Lane	Partner	1 Jun 2016	Other	301712
Seth A Scher	Chief compliance officer	1 Mar 2019	Other	4257227

Based in New York

The principal office where Yorkbridge Wealth Partners, LLC performs its advisory services is located at 80 Broad Street, New York, NY 10004, which is also the mailing address of the firm. An additional office of the firm is in Bridgehampton, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (212) 574-4070 or by fax (212) 320-8845. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at yorkbridgewealth.com.