Hudson Valley Wealth Management, Inc (Pearl River)

Name: Hudson Valley Wealth Management, Inc
Address: 15 East Central Avenue, Pearl River, NY, 10965
Telephone: (845) 920-1600

Hudson Valley Wealth Management, Inc is a mid-sized advisory firm based in Pearl River. It manages $82.88 million of regulatory assets for 495 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Connecticut, Florida, New Jersey, and New York.

Hudson Valley Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hudson Valley Wealth Management: assets under management

The assets under management (AUM) of Hudson Valley Wealth Management, Inc is $82.88 million. The firm's AUM has grown by 7319% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $79.58 million in discretionary accounts and $3.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $190.84 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $42.35 thousand.

Hudson Valley Wealth Management has custody of $17.2 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 76% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hudson Valley Wealth Management, Inc for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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 Christoper J. Conover serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Christoper J. Conover is individuals with 120 clients and $40.81 million of assets under management. Among the 5 most similar advisory firms, Hudson Valley Wealth Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $82.88 million for 196 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.

Hudson Valley Wealth Management also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Hudson Valley Wealth Management, Inc

The company employs 6 people that are either part- or full-time employees. 17 percent of the employees work as investment advisers or researchers. No 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.

Christoper J. Conover has been acting as President since 1 Jan 2008. Sandra Matrick Forman joined the executive team most recently as the General Counsel And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher James Conover	Managing member/chief compliance officer	1 Jan 2008	75% - 100%	2919616
Christoper J. Conover	President/chief compliance officer	1 Jan 2008	75% - 100%	2899310
Brian S. Hamburger	President/chief compliance officer	1 Jan 2008	75% - 100%	2899310
Sandra Matrick Forman	General counsel and chief compliance officer	1 Apr 2019	Other	6135979

Based in Pearl River

The principal office where Hudson Valley Wealth Management, Inc performs its advisory services is located at 15 East Central Avenue, Pearl River, NY 10965, which is also the mailing address of the firm. An additional office of the firm is in Westport, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (845) 920-1600 or by fax (845) 735-5903. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at hudsonvalleywealth.com.