Wiener, Bruce Michael (Potomac)

Name: Wiener, Bruce Michael
Address: 12276 Greenleaf Avenue, Potomac, MD, 20854
Telephone: 301-762-0030

Wiener, Bruce Michael is a large advisory firm based in Potomac. It manages $104.51 million of regulatory assets for 304 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Maryland, Texas, and Virginia.

Wiener, Bruce Michael provides financial planning services, portfolio management for individuals and small businesses, and church account. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wiener, Bruce Michael: assets under management

The assets under management (AUM) of Wiener, Bruce Michael is $104.51 million. The firm's AUM has grown by 263% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $104.38 million in discretionary accounts and $125.6 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $346.78 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $41.87 thousand.

Investments

The firm invests in other assets the most. They account for 84% of the total AUM. The second-largest asset type is exchange traded securities, which make up 7% of the firm’s portfolio. Investments in non-exchange traded securities form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wiener, Bruce Michael 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 Wiener, Bruce Michael serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Wiener, Bruce Michael is individuals with 128 clients and $92.28 million of assets under management. Among the 9 most similar advisory firms, Wiener, Bruce Michael has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $104.51 million for 132 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.

Wiener, Bruce Michael doesn't advise any private funds.

Careers at Wiener, Bruce Michael

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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
Bruce Michael Wiener	Sole proprietor, chief compliance officer	1 Jan 1996	75% - 100%	2658552

Based in Potomac

The principal office where Wiener, Bruce Michael performs its advisory services is located at 12276 Greenleaf Avenue, Potomac, MD 20854, 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 301-762-0030 or by fax 301-762-2848. The normal business hours are 9:00 a.m. - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at facebook.com/wiener-financial-management-77107633146/.