Aj Wealth Strategies, LLC (New York)


Aj Wealth Strategies, LLC is a large advisory firm based in New York. It manages $926 million of regulatory assets for 711 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California and New York.

Aj Wealth Strategies provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Aj Wealth Strategies: assets under management

The assets under management (AUM) of Aj Wealth Strategies, LLC is $926 million. The firm's AUM has grown by 938% since the beginning of its operation, and $45 million of the total AUM is attributable to clients outside of the United States.

The firm manages $708 million in discretionary accounts and $218 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.61 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $807.41 thousand.
Aj Wealth Strategies has custody of $79.66 million in cash and securities for 31 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 68% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 18% of the firm’s portfolio. Investments in non-exchange traded securities form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Aj Wealth Strategies, 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 Aj Wealth Strategies serves?

The firm provides services to charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Aj Wealth Strategies is high net worth individuals with 159 clients and $511 million of assets under management. Among the 5 most similar advisory firms, Aj Wealth Strategies has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $597 million for 188 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.

Aj Wealth Strategies doesn't advise any private funds.

Careers at Aj Wealth Strategies, LLC

The company employs 24 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 12 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
Justyn Gregory Volesko Managing principal & chief compliance officer 1 Apr 2012 50% - 75% 4693262
Andrew Cooper Managing principal 1 Apr 2012 50% - 75% 4286407

Based in New York

The principal office where Aj Wealth Strategies, LLC performs its advisory services is located at 28 Liberty Street, New York, NY 10005, 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 (212) 729-7750 or by fax 888-712-1647. The normal business hours are 9am-5:30pm on Monday - Friday. You can find more information about the New York firm at ajwealthllc.com.