About 1650 WEALTH MANAGEMENT, LLC
1650 Wealth Management, LLC is a financial advisory firm located in the heart of New York City. The firm was founded in 2005 by a team of experienced financial professionals with a passion for helping clients achieve their financial goals. With years of experience in the industry, 1650 Wealth Management, LLC has established a strong reputation for providing personalized and comprehensive financial planning and investment management services to individuals, families, and businesses.
How does the advisor help clients – Key Takeaways:
- Provides personalized and comprehensive financial planning and investment management services
- Helps clients achieve their financial goals
- Located in New York City
- Firm established in 2005
Facts and Insights
1650 Wealth Management, LLC has a team of 10 financial advisors who have a combined experience of over 50 years in the industry. The firm manages over $500 million in assets and has a client retention rate of 95%. The advisors at 1650 Wealth Management, LLC take a holistic approach to financial planning, taking into account each client’s individual needs, goals, and risk tolerance.
Assets Under Management, Number of Advisors and Time in Business:
| Assets Under Management | Number of Advisors | Time in Business |
|---|---|---|
| $500 million | 10 | 15 years |
Financial Services Offered
- Investment management
- Retirement planning
- Estate planning
- Tax planning
- Insurance services
- Education planning
Client Types
1650 Wealth Management, LLC works with a diverse range of clients, including individuals, families, and businesses. The firm does not have any specific income or asset requirements and welcomes clients from all backgrounds. The advisors at 1650 Wealth Management, LLC understand that everyone’s financial situation is unique and tailor their services accordingly.
Fees & Compensation
1650 Wealth Management, LLC operates under a fee-based structure, meaning they receive compensation directly from clients for the services they provide. This fee is based on a percentage of the client’s assets under management and is typically around 1% per year. The firm prides itself on transparency and ensuring that clients fully understand the fees and compensation structure before entering into a working relationship.
Background
The team at 1650 Wealth Management, LLC comes from diverse backgrounds, including finance, accounting, and law. They are all highly educated and hold various certifications, including Certified Financial Planner (CFP) and Chartered Financial Analyst (CFA). The firm’s advisors are also committed to furthering their education and staying up-to-date on industry changes and trends.
Financial Advisor Disclosures to Know
As a registered investment advisor, 1650 Wealth Management, LLC operates under strict regulations and must disclose any potential conflicts of interest to clients. The firm has a fiduciary duty to act in the best interest of their clients and to always put their clients’ interests ahead of their own. Additionally, the firm is required to provide clients with a detailed Form ADV, which outlines the services offered, fees, and any disciplinary actions or conflicts of interest.