Brixton Capital Wealth Advisors, LLC (Garden City)

Name: Brixton Capital Wealth Advisors, LLC
Address: 1305 Franklin Ave, Garden City, NY, 11530
Telephone: 516-222-3500

Brixton Capital Wealth Advisors, LLC is a large advisory firm based in Garden City. It manages $91.1 million of regulatory assets for 209 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Connecticut, Florida, Maryland, and 4 other states.

Brixton Capital Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, 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.

Brixton Capital Wealth Advisors: assets under management

The assets under management (AUM) of Brixton Capital Wealth Advisors, LLC is $91.1 million. The firm's AUM has grown by 237% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $79.5 million in discretionary accounts and $11.6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $401.52 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.05 million.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is government bonds, which make up 10% of the firm’s portfolio. Investments in state and local bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Brixton Capital Wealth Advisors, 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 Stephen Joseph Perrone serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Stephen Joseph Perrone is high net worth individuals with 19 clients and $54.4 million of assets under management. Among the 6 most similar advisory firms, Brixton Capital Wealth Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $91.1 million for 209 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.

Brixton Capital Wealth Advisors doesn't advise any private funds.

Careers at Brixton Capital Wealth Advisors, LLC

The company employs 6 people that are either part- or full-time employees. 67 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.

Stephen Joseph Perrone has been acting as President since 1 Aug 2017. Albert Vincent Pette joined the executive team most recently as the Managing Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Joseph Perrone	Managing member/ ceo/ chief compliance officer	1 Mar 2017	25% - 50%	703726
Albert Vincent Pette	Managing director	1 Aug 2017	Other	1423862
John Sullivan Perrone	Vice president of operations	1 Aug 2017	25% - 50%	5930932
Stephen Joseph Perrone	President	1 Aug 2017	25% - 50%	4805871

Based in Garden City

The principal office where Brixton Capital Wealth Advisors, LLC performs its advisory services is located at 1305 Franklin Ave, Garden City, NY 11530, 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 516-222-3500. The normal business hours are 8:00 a.m. - 6:00 p.m. on Monday - Friday. You can find more information about the New York firm at brixtonwealth.com/.