Liberty Wealth Advisors, LLC (Stamford)


Liberty Wealth Advisors, LLC is a large advisory firm based in Stamford. It manages $144.56 million of regulatory assets for 399 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Connecticut, Florida, New Jersey, New York, and Rhode Island.

Liberty Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Liberty Wealth Advisors: assets under management

The assets under management (AUM) of Liberty Wealth Advisors, LLC is $144.56 million. The firm's AUM has grown by 25% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $9.54 million in discretionary accounts and $135.02 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $529.75 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $354.39 thousand.
Liberty Wealth Advisors has custody of $19.39 million in cash and securities for 38 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 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in government bonds form 2% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Liberty Wealth Advisors is high net worth individuals with 60 clients and $107.49 million of assets under management. Among the 8 most similar advisory firms, Liberty Wealth Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $143.54 million for 180 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.

Liberty Wealth Advisors doesn't advise any private funds.

Careers at Liberty Wealth Advisors, LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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
Richard Michael Parry President and chief compliance officer 1 Feb 2012 Other 1902176
Liberty Lwa Holdings Llc Member 1 Feb 2012 75% - 100% 20-8571906
Llc Liberty Quintess Managing member 1 Feb 2012 75% - 100% 20-8571906
Llc R. Michael Parry Enterprises Managing member 1 Aug 2012 Other 46-0995907

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
James Scott Gladney Trustee 1 Jun 1992 75% - 100% 6036172
James S. Gladney 1992 Revocable Trust Member 1 Feb 2012 75% - 100% 20-8571906
James Scott Gladney Owner 1 Feb 2012 75% - 100% 6036172
Richard Michael Parry Owner 1 Aug 2012 75% - 100% 1902176

Based in Stamford

The principal office where Liberty Wealth Advisors, LLC performs its advisory services is located at 707 Summer Street, Stamford, CT 06901, 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 203-323-6666 or by fax 203-359-1996. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at libertywealthadvisors.com.