Craft Wealth Management LLC (Garden City)

Craft Wealth Management LLC is a multi-state adviser based in Garden City. It manages $10.05 million of regulatory assets for 78 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Florida, Indiana, Kansas, and 13 other states.

Craft Wealth Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Craft Wealth Management: assets under management

The assets under management (AUM) of Craft Wealth Management LLC is $10.05 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $10.05 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $128.9 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 92% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 3% of the firm’s portfolio. Investments in non-exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Craft Wealth Management LLC for their services and products based on a percentage of assets under management. 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 Craft Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Craft Wealth Management is high net worth individuals with 46 clients and $8.56 million of assets under management. Among the 0 most similar advisory firms, Craft Wealth Management has the 0th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $10.05 million for 78 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.

Craft Wealth Management doesn't advise any private funds.

Careers at Craft Wealth Management LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 3 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
Craft Asset Holdings Llc	Owner shareholder	1 Jan 2014	75% - 100%	46-4003960
George Robert Goldman	Cco	1 Sep 2014	Other	1315513
Barry Michael Kiront	Chief executiveofficer	1 Nov 2014	Other	2281871
George Robert Goldman	Cco/managing member/portfolio manager	1 Mar 2015	Other	1315513
Richard Joseph Rizzuto	Investment advisor represenatative	1 Mar 2016	Other	1474906
Stephen Mark Kiront	Cco/registered investment adviser	1 Aug 2016	Other	2009609

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
George Robert Goldman	Member	1 Nov 2014	Other	1315513
Stephen Mark Kiront	Member	1 Nov 2014	25% - 50%	2009609
David Brian Schrager	Member	1 Nov 2014	25% - 50%	4203217

Based in Garden City

The principal office where Craft Wealth Management LLC performs its advisory services is located at 377 Oak Street, Garden City, NY 11530, which is also the mailing address of the firm. 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 516-833-1325 or by fax 516-997-4464. The normal business hours are 9:00 am - 4:00 pm on Monday - Friday.