Altium Wealth Management LLC (Purchase)

Name: Altium Wealth Management LLC
Address: 2500 Westchester Ave., Purchase, NY, 10577
Telephone: 877-780-0074

Altium Wealth Management LLC is a large advisory firm based in Purchase. It manages $1.2 billion of regulatory assets for 796 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Connecticut, Florida, and 12 other states.

Altium Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Altium Wealth Management: assets under management

The assets under management (AUM) of Altium Wealth Management LLC is $1.2 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1627% since the beginning of its operation, and $9.3 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.2 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.51 million each.

Altium Wealth Management has custody of $184.9 million in cash and securities for 195 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 40% of the total AUM. The second-largest asset type is investment and business development companies, which make up 23% of the firm’s portfolio. Investments in state and local bonds form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Altium Wealth Management LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Altium Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Altium Wealth Management is high net worth individuals with 269 clients and $1.01 billion of assets under management. Among the 6 most similar advisory firms, Altium Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.19 billion for 793 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.

Altium Wealth Management doesn't advise any private funds.

Careers at Altium Wealth Management LLC

The company employs 44 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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 receive compensation from other entities for client referrals.

Gregory Robert Slater has served as the Chief Investment Officer since 1 Jan 2016. Todd Stewart Levy joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Anthony John Destefano	Managing member	1 Jun 2010	25% - 50%	1980640
Mitchell Scott Brill	Member	1 Jun 2010	25% - 50%	4244594
James John Dowling	Member	1 Jun 2010	Other	4486074
James Louis Giangrande	Member	1 Jun 2010	Other	2160009
Brennian L Antell	Director of investments	1 Oct 2010	Other	5386297
Robert Joseph Sypher	Chief compliance officer and chief operations officer	1 Jan 2014	Other	2430441
Scott C Tasch	Member	1 Jan 2016	Other	4647851
Gregory Robert Slater	Chief investment officer	1 Jan 2016	Other	4225701
Todd Stewart Levy	Member	1 Jan 2017	Other	4893593
Jeffrey Bart Perlmutter	Member	1 Jan 2017	Other	1592398

Based in Purchase

The principal office where Altium Wealth Management LLC performs its advisory services is located at 2500 Westchester Ave., Purchase, NY 10577, which is also the mailing address of the firm. An additional office of the firm is in Paramus, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 877-780-0074 or by fax 914-251-0344. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at altiumwealth.com/.