Atlas Private Wealth Management, LLC (Albany)

Name: Atlas Private Wealth Management, LLC
Address: 3 Atrium Drive, Suite 265, Albany, NY, 12205 6400
Telephone: 800-432-7447

Atlas Private Wealth Management, LLC is a large advisory firm based in Albany. It manages $944.55 million of regulatory assets for 3,394 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Atlas Private Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Atlas Private Wealth Management: assets under management

The assets under management (AUM) of Atlas Private Wealth Management, LLC is $944.55 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -6% since the beginning of its operation, and $1.17 million of the total AUM is attributable to clients outside of the United States.

The firm manages $944.55 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $278.3 thousand each.

Atlas Private Wealth Management has custody of $9.52 thousand in cash and securities for 1 client 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 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in pooled investment vehicles form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Atlas Private Wealth Management, 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 Atlas Private Wealth Management serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Atlas Private Wealth Management is high net worth individuals with 260 clients and $508.22 million of assets under management. Among the 8 most similar advisory firms, Atlas Private Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $944.55 million for 1,483 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.

Atlas Private Wealth Management doesn't advise any private funds.

Careers at Atlas Private Wealth Management, LLC

The company employs 26 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 11 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.

John C Ogle has served as the Chief Investment Officer since 1 Nov 2015. Focus Financial Partners Inc. joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Focus Operating	Member (manager)	1 Sep 2007	75% - 100%	20-8161914
Gregory Robert Britton	President and chief executive officer	1 Aug 2011	Other	4486916
Gregory Robert Britton	President and chief executive officer	1 Jul 2013	Other	4486916
Bruce Berti	Chief financial officer	1 Jul 2013	Other	6473065
Derek Benjamin Leo	Senior vice president, general counsel and chief compliance officer	1 Aug 2013	Other	xxx-xx-xxxx
Donald W Carman	Svp/director of tax and financial planning	1 Jan 2014	Other	5289905
Michael J Hickey	Evp/managing director	1 Jan 2014	Other	5289918
Lisa Hoessle	Director, operations	1 Jan 2014	Other	6632134
Steven Petrie	Chief technology officer	1 Aug 2014	Other	6632135
Carrie Charbonneau	Director, finance	1 Sep 2015	Other	6632124
Natalie Wheeler	Director, client services	1 Sep 2015	Other	6632130
John C Ogle	Chief investment officer	1 Nov 2015	Other	1802437
Toby Arthur Potterton	Managing director	1 Nov 2015	Other	6311808
Joanne Langhauser	Svp/chief compliance officer	1 Feb 2016	Other	1777520
Kristen Therese Schreer	Chief operating officer	1 Dec 2017	Other	4292740

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
L.P. Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3540852
Llc Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	135263
L.P. Summit Ventures Vi A	Member (manager)	1 Jan 2006	50% - 75%	04-3540853
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
Llc Focus Financial Partners	Member	1 Sep 2007	75% - 100%	16-1728260
Lp Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Trident Ffp Blocker Llc	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in Albany

The principal office where Atlas Private Wealth Management, LLC performs its advisory services is located at 3 Atrium Drive, Suite 265, Albany, NY 12205 6400, which is also the mailing address of the firm. An additional office of the firm is in North Adams, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-432-7447 or by fax 518-453-6085. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at atlaspwm.com.