Newe Wealth Management LLC (Santa Clara)

Name: Newe Wealth Management LLC
Address: 4500 Great America Parkway, Santa Clara, CA, 95054
Telephone: 4089662807

Newe Wealth Management LLC is an internet adviser based in Santa Clara. It manages $457.63 thousand of regulatory assets for 34 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California and Texas.

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

Newe Wealth Management: assets under management

The assets under management (AUM) of Newe Wealth Management LLC is $457.63 thousand, all of which is managed in discretionary accounts. The firm's AUM has gone down by -17% since the beginning of its operation, and $295 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $457.63 thousand in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $13.46 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 23% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Newe Wealth Management LLC for their services and products based on a percentage of assets under management and performance-based 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 Newe Wealth Management serves?

The firm provides services to individuals and other investment advisers. The largest group of clients of Newe Wealth Management is individuals with 29 clients and $440.59 thousand of assets under management. Among the 5 most similar advisory firms, Newe Wealth Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $457.63 thousand for 30 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 23% of the firm’s clients are foreign persons or businesses.

Newe Wealth Management doesn't advise any private funds.

Careers at Newe Wealth Management LLC

The company employs 1 person that is either a part- or full-time employee. 100 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
Shi Chen	Member	1 Aug 2015	50% - 75%	5139012
Bei Nmn Zhang	Managing member & chief compliance officer	1 Aug 2015	50% - 75%	6785342
Shi N/A Chen	Managing member & chief compliance officer	1 Aug 2015	50% - 75%	5139012
Bei N/A Zhang	Member	1 Aug 2015	50% - 75%	6785342

Based in Santa Clara

The principal office where Newe Wealth Management LLC performs its advisory services is located at 4500 Great America Parkway, Santa Clara, CA 95054, 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 4089662807 or by fax N/A. The normal business hours are not applicable - office visits by appointment only on Other. You can find more information about the New York firm at newewm.com.