Point View Wealth Management, Inc. (Summit)

Name: Point View Wealth Management, Inc.
Address: 382 Springfield Avenue, Summit, NJ, 07901 2707
Telephone: 908-598-1717

Point View Wealth Management, Inc. is a large advisory firm based in Summit. It manages $306.78 million of regulatory assets for 712 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Florida, Massachusetts, and 6 other states.

Point View Wealth Management provides financial planning services, portfolio management for individuals and small businesses, publication of newsletters, and webinars. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Point View Wealth Management: assets under management

The assets under management (AUM) of Point View Wealth Management, Inc. is $306.78 million. The firm's AUM has grown by 163% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $304.57 million in discretionary accounts and $2.21 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $428.37 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.21 million.

Investments

The firm invests in exchange traded securities the most. They account for 68% of the total AUM. The second-largest asset type is state and local bonds, which make up 14% of the firm’s portfolio. Investments in investment and business development companies form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Point View Wealth Management, Inc. for their services and products based on a percentage of assets under management. 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 David Godden Dietze serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of David Godden Dietze is high net worth individuals with 93 clients and $256.12 million of assets under management. Among the 10 most similar advisory firms, Point View Wealth Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $295.66 million for 159 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.

Point View Wealth Management doesn't advise any private funds.

Careers at Point View Wealth Management, Inc.

The company employs 5 people that are either part- or full-time employees. 80 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David Godden Dietze has been acting as President since 1 Jan 1993. Claire Ellen Toth joined the executive team most recently as the Vp And Treasurer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Godden Dietze	President	1 Jan 1993	75% - 100%	2337970
Claire Ellen Toth	Vp/chief compliance officer	1 Mar 1999	Other	4343596
Claire Ellen Toth	Vp and treasurer	1 Sep 2019	Other	4343596
Karen Johanna Alvarado	Chief compliance officer	1 Sep 2019	Other	4207012
Peapack Gladstone Bank	Shareholder	1 Sep 2019	75% - 100%	22-2491488
Todd Martin Poland	General counsel/secretary	1 Sep 2019	Other	7022942

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Pepack Gladstone Financial Corporation	Shareholder	1 Aug 1997	75% - 100%	22-3537895

Based in Summit

The principal office where Point View Wealth Management, Inc. performs its advisory services is located at 382 Springfield Avenue, Summit, NJ 07901 2707, 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 908-598-1717 or by fax 419-844-0922. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at ptview.com.