Mpwm Advisory Solutions LLC (New York)

Name: Mpwm Advisory Solutions LLC
Address: 280 Madison Avenue, New York, NY, 10016
Telephone: 212-810-6961

Mpwm Advisory Solutions LLC is a mid-sized advisory firm based in New York. It manages $68.76 million of regulatory assets for 121 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Georgia, New Hampshire, New Jersey, and 3 other states.

Mpwm Advisory Solutions provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mpwm Advisory Solutions: assets under management

The assets under management (AUM) of Mpwm Advisory Solutions LLC is $68.76 million. The firm's AUM has grown by 74% since the beginning of its operation, and $1 million of the total AUM is attributable to clients outside of the United States.

The firm manages $68.54 million in discretionary accounts and $220.17 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $571.13 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $220.17 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 33% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 33% of the firm’s portfolio. Investments in state and local bonds form 29% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mpwm Advisory Solutions LLC for their services and products based on a percentage of assets under management 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 Mpwm Advisory Solutions serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Mpwm Advisory Solutions is individuals with 120 clients and $39.26 million of assets under management. Among the 6 most similar advisory firms, Mpwm Advisory Solutions has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $68.76 million for 122 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.

Mpwm Advisory Solutions doesn't advise any private funds.

Careers at Mpwm Advisory Solutions LLC

The company employs 8 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 7 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
Steven John Mayer	Managing partner	1 Nov 2013	50% - 75%	4138239
Mathew Todd Goldberg	Chief compliance officer	1 Nov 2013	50% - 75%	4416675

Based in New York

The principal office where Mpwm Advisory Solutions LLC performs its advisory services is located at 280 Madison Avenue, New York, NY 10016, which is also the mailing address of the firm. An additional office of the firm is in Alpharetta, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-810-6961. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at manhattanwealthmanagement.com.