Abbondandolo Wealth Management Corp is a mid-sized advisory firm based in Glen Cove. It manages $63.84 million of regulatory assets for 298 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Connecticut, Florida, and New York.
Abbondandolo Wealth Management Corp provides portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Abbondandolo Wealth Management Corp is $63.84 million. The firm's AUM has grown by 93% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Abbondandolo Wealth Management Corp for their services and products based on a percentage of assets under management. 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Abbondandolo Wealth Management Corp is individuals with 183 clients and $33.44 million of assets under management. Among the 3 most similar advisory firms, Abbondandolo Wealth Management Corp has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $63.84 million for 199 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.
Abbondandolo Wealth Management Corp doesn't advise any private funds.
The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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 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.
The principal office where Abbondandolo Wealth Management Corp performs its advisory services is located at 21 Cedar Swamp Road, Glen Cove, NY 11542, 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 516-674-9229 or by fax 516-674-9861. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at awmny.com.