Aurum Wealth Management Group LLC is a large advisory firm based in Mayfield Village. It manages $709.09 million of regulatory assets for 825 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Florida, Georgia, and 9 other states.
Aurum Wealth Management Group 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, and consulting. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Aurum Wealth Management Group LLC is $709.09 million. The firm's AUM has grown by 1613% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Aurum Wealth Management Group LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Aurum Wealth Management Group is high net worth individuals with 137 clients and $501.01 million of assets under management. Among the 7 most similar advisory firms, Aurum Wealth Management Group has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $709.09 million for 821 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.
Aurum Wealth Management Group doesn't advise any private funds.
The company employs 16 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 5 people 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.
The principal office where Aurum Wealth Management Group LLC performs its advisory services is located at 6685 Beta Drive, Mayfield Village, OH 44143, which is also the mailing address of the firm. An additional office of the firm is in Tampa, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 440-605-1900 or by fax 440-605-0200. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at aurumwealth.com.