Weiss Financial Group LLC (Mahopac)


Weiss Financial Group LLC is a mid-sized advisory firm based in Mahopac. It manages $53.38 million of regulatory assets for 294 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Connecticut and New York.

Weiss Financial Group provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Weiss Financial Group: assets under management

The assets under management (AUM) of Weiss Financial Group LLC is $53.38 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 49% since the beginning of its operation, and $553.8 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $53.38 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $181.55 thousand each.
Weiss Financial Group has custody of $27.4 million in cash and securities for 68 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 77% of the total AUM. The second-largest asset type is exchange traded securities, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Weiss Financial Group LLC 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 Weiss Financial Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Weiss Financial Group is high net worth individuals with 25 clients and $28.95 million of assets under management. Among the 0 most similar advisory firms, Weiss Financial Group has the 0th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $53.38 million for 121 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.

Weiss Financial Group doesn't advise any private funds.

Careers at Weiss Financial Group LLC

The company employs 2 people that are either part- or full-time employees. 100 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
Keith D Weiss Managing member 1 Sep 2011 50% - 75% 5280763
Scott G Weiss Chief compliance officer 1 Sep 2011 50% - 75% 5772766

Based in Mahopac

The principal office where Weiss Financial Group LLC performs its advisory services is located at 704 Route 6, Mahopac, NY 10541, 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 845-621-4700 or by fax (845) 284-1322. 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 facebook.com/weissfinancialgroup.