Seasons Of Advice Wealth Management, LLC (New York)

Name: Seasons Of Advice Wealth Management, LLC
Address: 120 West 45 Th Street, New York, NY, 10036
Telephone: 212-977-3111

Seasons Of Advice Wealth Management, LLC is a large advisory firm based in New York. It manages $571.17 million of regulatory assets for 2,134 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Colorado, Connecticut, and 11 other states.

Seasons Of Advice Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm also engages as consulting.

Seasons Of Advice Wealth Management: assets under management

The assets under management (AUM) of Seasons Of Advice Wealth Management, LLC is $571.17 million. The firm's AUM has grown by 67% since the beginning of its operation, and $6.58 million of the total AUM is attributable to clients outside of the United States.

The firm manages $548.45 million in discretionary accounts and $22.72 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $265.47 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $334.07 thousand.

Seasons Of Advice Wealth Management has custody of $10.89 million in cash and securities for 34 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 40% of the firm’s portfolio. Investments in investment grade corporate bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Seasons Of Advice Wealth Management, 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 Seasons Of Advice Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Seasons Of Advice Wealth Management is high net worth individuals with 178 clients and $395.02 million of assets under management. Among the 10 most similar advisory firms, Seasons Of Advice Wealth Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $571.17 million for 692 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Seasons Of Advice Wealth Management doesn't advise any private funds.

Careers at Seasons Of Advice Wealth Management, LLC

The company employs 16 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 7 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
Charles Hamowy	Member, cco	1 Jan 2017	25% - 50%	2057981
Christopher Sal Conigliaro	Member	1 Jan 2017	25% - 50%	2529227
Matthew Alexander Woolf	Member	1 Jan 2017	Other	4610463

Based in New York

The principal office where Seasons Of Advice Wealth Management, LLC performs its advisory services is located at 120 West 45 Th Street, New York, NY 10036, which is also the mailing address of the firm. An additional office of the firm is in White Plains, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-977-3111. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at soawealth.com and its LinkedIn profile.