Focused Wealth Management, Inc. (Highland)

Name: Focused Wealth Management, Inc.
Address: 216 Route 299, Highland, NY, 12528
Telephone: 845-691-4035

Focused Wealth Management, Inc. is a large advisory firm based in Highland. It manages $826.77 million of regulatory assets for 3,914 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, California, Colorado, and 16 other states.

Focused Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, publication of newsletters, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Focused Wealth Management: assets under management

The assets under management (AUM) of Focused Wealth Management, Inc. is $826.77 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 354% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $826.77 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $211.23 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in investment grade corporate bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Focused Wealth Management, Inc. 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 Focused Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Focused Wealth Management is high net worth individuals with 158 clients and $262.32 million of assets under management. Among the 8 most similar advisory firms, Focused Wealth Management has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $826.77 million for 1,617 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.

Focused Wealth Management doesn't advise any private funds.

Careers at Focused Wealth Management, Inc.

The company employs 13 people that are either part- or full-time employees. 85 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Barry Howard Brett	Chief compliance officer	1 Feb 2000	Other	2482829
Philip Joseph Deangelo	Principal	1 Jan 2006	75% - 100%	4204841
Philip Joseph Deangelo	Managing director	1 Aug 2010	75% - 100%	4204841
Barry Howard Brett	Chief compliance officer	1 Aug 2010	Other	2482829
Julie Ann Wittenberg	Chief operating officer	1 Jul 2013	Other	6198457
Salvatore Joseph Timperio	Chief operating officer	1 Feb 2016	Other	4204844
Monique Schulman	Chief compliance officer	1 Aug 2018	Other	1225088

Based in Highland

The principal office where Focused Wealth Management, Inc. performs its advisory services is located at 216 Route 299, Highland, NY 12528, 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 845-691-4035 or by fax 845-691-4037. The normal business hours are 8:00 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at focusedwealthmgmt.com.