Ariel Wealth Advisors, LLC (Iselin)


Ariel Wealth Advisors, LLC is a large advisory firm based in Iselin. It manages $143.38 million of regulatory assets for 447 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Connecticut, Massachusetts, New Hampshire, and 3 other states.

Ariel Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ariel Wealth Advisors: assets under management

The assets under management (AUM) of Ariel Wealth Advisors, LLC is $143.38 million. The firm's AUM has grown by 458% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $134.99 million in discretionary accounts and $8.38 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $328.45 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $232.9 thousand.
Ariel Wealth Advisors has custody of $122 million in cash and securities for 58 clients 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 12% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ariel Wealth Advisors, LLC for their services and products based on a percentage of assets under management and fixed 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 Ariel Wealth Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Ariel Wealth Advisors is high net worth individuals with 40 clients and $135.39 million of assets under management. Among the 14 most similar advisory firms, Ariel Wealth Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $143.38 million for 74 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.

Ariel Wealth Advisors doesn't advise any private funds.

Careers at Ariel Wealth Advisors, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 3 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
Inc. Northfield Realty Advisors Managing member 1 Oct 2009 75% - 100% 22-3127591
Lawrence Ned Frankel Chief compliance officer 1 Oct 2009 Other 1630603
Kevin Michael Gibney Ceo/chief compliance officer 1 Nov 2009 Other 4433220
Kevin Michael Gibney Chief compliance officer, chief executive officer, and managing member 1 Jun 2010 75% - 100% 4433220
Lawrence Ned Frankel Member 1 Jun 2010 25% - 50% 1630603
Vanessa Bovo Curran Partner (member) 1 May 2013 Other 5244571

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Lawrence Ned Frankel Shareholder 1 Sep 2000 50% - 75% 1630603
Gary Robert Topche Shareholder 1 Sep 2000 50% - 75% 1430078

Based in Iselin

The principal office where Ariel Wealth Advisors, LLC performs its advisory services is located at 120 Wood Ave. South, Iselin, NJ 08830, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 908-970-9800 or by fax 908-934-9249. The normal business hours are appointment only on Other. You can find more information about the New York firm at arielwa.com.