Wolf Money Management, Inc. (Ronkonkoma)

Name: Wolf Money Management, Inc.
Address: 3505 Veterans Memorial Hwy, Ronkonkoma, NY, 11779
Telephone: 631-224-4005

Wolf Money Management, Inc. is a mid-sized advisory firm based in Ronkonkoma. It manages $41.71 million of regulatory assets for 203 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Florida, New York, and Texas.

Wolf Money Management 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.

Wolf Money Management: assets under management

The assets under management (AUM) of Wolf Money Management, Inc. is $41.71 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 34% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $41.71 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $205.48 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 83% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wolf Money Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Steven Andrew Wolf serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Steven Andrew Wolf is individuals with 96 clients and $24.92 million of assets under management. Among the 6 most similar advisory firms, Wolf Money Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $41.71 million for 106 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.

Wolf Money Management doesn't advise any private funds.

Careers at Wolf Money Management, Inc.

The company employs 3 people that are either part- or full-time employees. 67 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.

Steven Andrew Wolf has been acting as President since 1 Feb 2003. Paul Brian Wolf joined the executive team most recently as the Cco, Vp.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven Andrew Wolf	President	1 Feb 2003	50% - 75%	2231584
Paul Brian Wolf	Cco, vp	1 Feb 2003	50% - 75%	2549939

Based in Ronkonkoma

The principal office where Wolf Money Management, Inc. performs its advisory services is located at 3505 Veterans Memorial Hwy, Ronkonkoma, NY 11779, which is also the mailing address of the firm. An additional office of the firm is in St. Augustine, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 631-224-4005 or by fax 631-224-4209. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at wolfmgt.com.