Newe Wealth Management LLC is an internet adviser based in Santa Clara. It manages $457.63 thousand of regulatory assets for 34 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California and Texas.
Newe Wealth Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Newe Wealth Management LLC is $457.63 thousand, all of which is managed in discretionary accounts. The firm's AUM has gone down by -17% since the beginning of its operation, and $295 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Newe Wealth Management LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and other investment advisers. The largest group of clients of Newe Wealth Management is individuals with 29 clients and $440.59 thousand of assets under management. Among the 5 most similar advisory firms, Newe Wealth Management has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $457.63 thousand for 30 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 23% of the firm’s clients are foreign persons or businesses.
Newe Wealth Management doesn't advise any private funds.
The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.
The principal office where Newe Wealth Management LLC performs its advisory services is located at 4500 Great America Parkway, Santa Clara, CA 95054, 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 4089662807 or by fax N/A. The normal business hours are not applicable - office visits by appointment only on Other. You can find more information about the New York firm at newewm.com.