Matthias Private Wealth, LLC (Winter Park)

Name: Matthias Private Wealth, LLC
Address: 700 West Morse Boulevard, Winter Park, FL, 32789
Telephone: 407-691-3300

Matthias Private Wealth, LLC is a large advisory firm based in Winter Park. It manages $107.29 million of regulatory assets for 351 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Florida.

Matthias Private Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Matthias Private Wealth: assets under management

The assets under management (AUM) of Matthias Private Wealth, LLC is $107.29 million. The firm's AUM has gone down by -6% since the beginning of its operation, and $2.47 million of the total AUM is attributable to clients outside of the United States.

The firm manages $79.24 million in discretionary accounts and $28.05 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $267.69 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $510.09 thousand.

Matthias Private Wealth has custody of $9.17 million in cash and securities for 26 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 59% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals and high net worth individuals. The largest group of clients of Matthias Private Wealth is high net worth individuals with 22 clients and $88.29 million of assets under management. Among the 10 most similar advisory firms, Matthias Private Wealth has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $102.17 million for 54 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.

Matthias Private Wealth doesn't advise any private funds.

Careers at Matthias Private Wealth, LLC

The company employs 8 people that are either part- or full-time employees. 13 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Russell Matthias	Manager, chief compliance officer	1 Aug 2017	75% - 100%	6852492

Based in Winter Park

The principal office where Matthias Private Wealth, LLC performs its advisory services is located at 700 West Morse Boulevard, Winter Park, FL 32789, 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 407-691-3300 or by fax 407-691-3301. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at matthiaspw.com.