Oliver Luxxe Assets LLC is a large advisory firm based in Gladstone. It manages $424.93 million of regulatory assets for 1,040 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Colorado, Connecticut, and 12 other states.
Oliver Luxxe Assets provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Oliver Luxxe Assets LLC is $424.93 million. The firm's AUM has grown by 30% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Oliver Luxxe Assets 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Oliver Luxxe Assets is high net worth individuals with 620 clients and $404.74 million of assets under management. Among the 8 most similar advisory firms, Oliver Luxxe Assets has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $419.27 million for 1,039 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.
Oliver Luxxe Assets doesn't advise any private funds.
The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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.
Joseph Michael Sharma has served as the Chief Investment Officer since 1 Dec 2017. Laura Lee Flanagan joined the executive team most recently as the Chief Compliance Officer.
The principal office where Oliver Luxxe Assets LLC performs its advisory services is located at 17 Mendham Road, Gladstone, NJ 07934, which is also the mailing address of the firm. An additional office of the firm is in Austin, TX. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 908-741-4884 or by fax 908-741-4902. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at oliverluxxe.com.