Braver Wealth Management, LLC (Needham)

Name: Braver Wealth Management, LLC
Address: 117 Kendrick Street, Needham, MA, 02494
Telephone: 617-969-0223

Braver Wealth Management, LLC is a large advisory firm based in Needham. It manages $875.48 million of regulatory assets for 2,609 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Colorado, Connecticut, and 17 other states.

Braver Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, educational seminars and workshops, and estate and tax planning services; model provider. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Braver Wealth Management: assets under management

The assets under management (AUM) of Braver Wealth Management, LLC is $875.48 million. The firm's AUM has grown by 167% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $777.67 million in discretionary accounts and $97.82 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $345.63 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $272.47 thousand.

Braver Wealth Management has custody of $16 million in cash and securities for 13 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

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

Careers at Braver Wealth Management, LLC

Christopher Mark Stevens has been acting as President since 1 Mar 2006. Brian Joseph Durkin joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Harvey Dana Aaron	Vice president	1 Jul 2001	Other	4504288
Andrew Peter Griesinger	Chief quantitative officer	1 Jan 2006	Other	4418665
Christopher Mark Stevens	Director	1 Mar 2006	Other	4504337
Russell Harry Lightman	Director	1 Mar 2006	Other	4078486
Joel Harold Berenson	Director	1 Mar 2006	Other	4504338
Elaine Marie Meagher	Vice president - administration	1 Nov 2006	Other	5281061
Deborah H. Levenson	Vice president	1 Dec 2007	Other	5293654
Judith Diane Ludwig	Co-managing member and vice president	1 Apr 2008	Other	4340044
James Michael Philbin	Co-managing member and executive vice president	1 Apr 2008	Other	3172111
Dennis Stephen Pellecchia	Co-managing member and treasurer	1 Apr 2008	Other	4090769
Patrick Bernard Riley	Co-managing member	1 Apr 2008	Other	4504335
Inc. Braver Wealth Management	Member	1 Apr 2008	75% - 100%	04-2986240
David Joseph D'amico	Co-managing member president and chief market strategist	1 Apr 2008	Other	2233336
David Joseph Damico	President	1 Apr 2008	Other	2233336
Joseph Benson Ludwig	Co-managing member and managing director	1 May 2008	Other	2606391
Bradley Keith Sharp	Vice predient - client services	1 Sep 2008	Other	2844268
Charles Morton Toole	Asst. vice president - client services	1 Sep 2008	Other	5654191
Kenneth George Bellevue	Senior vice president	1 Sep 2008	Other	1124554
David Alan Fontaine	Client service manager	1 Jul 2009	Other	4236276
Mary Kathryn Konetzny	Client services	1 Jan 2011	Other	4934357
Robert Douglas Lepson	Vice president	1 Sep 2011	Other	2167252
Theodore Michael Welsh	Vice president - head of distribution & sales	1 Nov 2011	Other	4235906
Brian Joseph Durkin	Chief compliance officer	1 Mar 2015	Other	2094689

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Tandem Financial Services	Owner	1 Feb 2002	75% - 100%	04-3497048

Based in Needham

The principal office where Braver Wealth Management, LLC performs its advisory services is located at 117 Kendrick Street, Needham, MA 02494, 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 617-969-0223 or by fax 617-969-0224. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at braverwealth.com.