Aevitas Wealth Management, Inc. (Wellesley Hills)

Name: Aevitas Wealth Management, Inc.
Address: 10 Laurel Ave., Wellesley Hills, MA, 02481
Telephone: 781-239-1180

Aevitas Wealth Management, Inc. is a large advisory firm based in Wellesley Hills. It manages $376.76 million of regulatory assets for 1,253 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Florida, Massachusetts, and 6 other states.

Aevitas Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Aevitas Wealth Management: assets under management

The assets under management (AUM) of Aevitas Wealth Management, Inc. is $376.76 million. The firm's AUM has grown by 15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $367.88 million in discretionary accounts and $8.87 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $294.78 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.77 million.

Aevitas Wealth Management has custody of $174.16 million in cash and securities for 125 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 50% of the total AUM. The second-largest asset type is exchange traded securities, which make up 33% 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 Aevitas 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 Michael Alan Schreiber serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Michael Alan Schreiber is high net worth individuals with 247 clients and $275.91 million of assets under management. Among the 11 most similar advisory firms, Aevitas Wealth Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $376.76 million for 341 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.

Aevitas Wealth Management doesn't advise any private funds.

Careers at Aevitas Wealth Management, Inc.

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 5 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.

Michael Alan Schreiber has been acting as President since 1 Apr 2014. Amy Zelman Resnic joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Alan Schreiber	President	1 Apr 2014	75% - 100%	1659555
Amy Zelman Resnic	Chief compliance officer	1 Jun 2017	Other	2382217

Based in Wellesley Hills

The principal office where Aevitas Wealth Management, Inc. performs its advisory services is located at 10 Laurel Ave., Wellesley Hills, MA 02481, which is also the mailing address of the firm. An additional office of the firm is in West Roxbury, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 781-239-1180 or by fax (339) 686-3094. The normal business hours are 8:00am-4:00pm on Monday - Friday. You can find more information about the New York firm at aevitaswm.com.