Wechter Feldman Wealth Management, Inc. (Parsippany)


Wechter Feldman Wealth Management, Inc. is a large advisory firm based in Parsippany. It manages $274.66 million of regulatory assets for 711 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 4 other states.

Wechter Feldman Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wechter Feldman Wealth Management: assets under management

The assets under management (AUM) of Wechter Feldman Wealth Management, Inc. is $274.66 million. The firm's AUM has grown by 75% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $246.94 million in discretionary accounts and $27.73 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $393.21 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $334.06 thousand.
Wechter Feldman Wealth Management has custody of $43.59 million in cash and securities for 57 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 39% of the total AUM. The second-largest asset type is exchange traded securities, which make up 36% of the firm’s portfolio. Investments in cash and cash equivalents form 21% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wechter Feldman Wealth Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Wechter Feldman Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Wechter Feldman Wealth Management is high net worth individuals with 89 clients and $221.9 million of assets under management. Among the 8 most similar advisory firms, Wechter Feldman Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $274.66 million for 222 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.

Wechter Feldman Wealth Management doesn't advise any private funds.

Careers at Wechter Feldman Wealth Management, Inc.

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 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 compensates 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
Myrna Ellen Wechter Vice president & corporate secretary 1 Jan 1989 25% - 50% 4520904
David Miller Feldman President & cco 1 Jan 2010 75% - 100% 3144940
David Miller Feldman President & cco 1 Apr 2010 75% - 100% 3144940
Ira Martin Wechter Ceo & chief compliance officer 1 Apr 2010 25% - 50% 1677378
Melissa Lauren Weisz Vice president & advisory services analyst 1 Feb 2012 Other 6049078
Michael Lawrence Green Vice president & senior wealth manager 1 Jun 2017 Other 3247678

Based in Parsippany

The principal office where Wechter Feldman Wealth Management, Inc. performs its advisory services is located at 1719 Route 10 East, Parsippany, NJ 07054, 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 973-605-1448 or by fax 973-605-1449. The normal business hours are 9:00 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at wechterfeldman.com.