Activest Wealth Management, LLC (Aventura)

Name: Activest Wealth Management, LLC
Address: 20900 Ne 30 Avenue, Aventura, FL, 33180
Telephone: 954-399-8121

Activest Wealth Management, LLC is a large advisory firm based in Aventura. It manages $178.31 million of regulatory assets for 233 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida and Texas.

Activest Wealth Management provides portfolio management for individuals and small businesses and consulting services to institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Activest Wealth Management: assets under management

The assets under management (AUM) of Activest Wealth Management, LLC is $178.31 million. The firm's AUM has grown by 26% since the beginning of its operation, and $32.19 million of the total AUM is attributable to clients outside of the United States.

The firm manages $168.96 million in discretionary accounts and $9.35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $744.32 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.56 million.

Investments

The firm invests in investment and business development companies the most. They account for 30% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Activest Wealth Management, LLC for their services and products based on a percentage of assets under management 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 Activest Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Activest Wealth Management is high net worth individuals with 101 clients and $170.95 million of assets under management. Among the 9 most similar advisory firms, Activest Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $178.31 million for 148 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 28% of the firm’s clients are foreign persons or businesses.

Activest Wealth Management doesn't advise any private funds.

Careers at Activest Wealth Management, LLC

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Isaac Wakszol	President, cco	1 Dec 2009	Other	5734442
Inc. Meod 26	Member	1 Jan 2010	75% - 100%	27-1873733

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Isaac Wakszol	Shareholder	1 Jan 2010	75% - 100%	5734442

Based in Aventura

The principal office where Activest Wealth Management, LLC performs its advisory services is located at 20900 Ne 30 Avenue, Aventura, FL 33180, 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 954-399-8121 or by fax 954-399-8121. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at activestwm.com/ and its LinkedIn profile.