Stash Wealth, LLC (Brooklyn)

Name: Stash Wealth, LLC
Address: 142 N 6 Th Street, Brooklyn, NY, 11249
Telephone: 212-913-9904

Stash Wealth, LLC is an adviser based in Brooklyn. It manages $18.7 million of regulatory assets for 531 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Colorado.

Stash Wealth provides financial planning services, portfolio management for individuals and small businesses, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Stash Wealth: assets under management

The assets under management (AUM) of Stash Wealth, LLC is $18.7 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 179% since the beginning of its operation, and $902 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $18.7 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $35.21 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Stash Wealth, 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.

What kind of clients Stash Wealth serves?

The only and largest group of clients of Stash Wealth is individuals with 188 clients and $18.7 million of assets under management. Among the 2 most similar advisory firms, Stash Wealth has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $18.7 million for 188 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Stash Wealth doesn't advise any private funds.

Careers at Stash Wealth, LLC

The company employs 3 people that are either part- or full-time employees. 100 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 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
Priya Surendar Malani	Managing member - cco	1 Apr 2013	75% - 100%	4901157
Priya Malani	Managing member - cco	1 Apr 2013	75% - 100%	4901157
Robert Thomas Kovalesky	Member	1 Mar 2018	25% - 50%	4842293

Based in Brooklyn

The principal office where Stash Wealth, LLC performs its advisory services is located at 142 N 6 Th Street, Brooklyn, NY 11249, 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 212-913-9904. The normal business hours are 9:00am -4:30pm on Monday - Friday. You can find more information about the New York firm at stashwealth.com.