Executive Wealth Management, LLC (Brighton)

Name: Executive Wealth Management, LLC
Address: 135 West North Street, Brighton, MI, 48116
Telephone: 810-229-6446

Executive Wealth Management, LLC is a large advisory firm based in Brighton. It manages $820.09 million of regulatory assets for 5,478 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Arizona, California, Colorado, and 18 other states.

Executive Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, educational seminars and workshops, and consulting. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Executive Wealth Management: assets under management

The assets under management (AUM) of Executive Wealth Management, LLC is $820.09 million. The firm's AUM has grown by 382% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $809.23 million in discretionary accounts and $10.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $154.79 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $43.45 thousand.

Executive Wealth Management has custody of $46.98 million in cash and securities for 163 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is investment and business development companies, which make up 29% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Executive Wealth Management, 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 Executive Wealth Management serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Executive Wealth Management is high net worth individuals with 415 clients and $458.9 million of assets under management. Among the 9 most similar advisory firms, Executive Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $818.49 million for 2,875 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.

Executive Wealth Management doesn't advise any private funds.

Careers at Executive Wealth Management, LLC

The company employs 27 people that are either part- or full-time employees. 81 percent of the employees work as investment advisers or researchers. 22 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Albert Pingree Herzog	Principal/owner and managing member	1 Jan 2006	75% - 100%	1187236
Albert Pingree Herzog	Managing member & chief compliance officer	1 May 2006	75% - 100%	1187236
Kenneth Patrick Evangelista	Chief compliance officer	1 Jun 2007	Other	2747013
Craig David Rumler	Chief compliance officer	1 Feb 2010	Other	5618005
Adam R Kulesza	Vice president	1 Nov 2010	Other	4770420
Michael Robert Chechel	Vice president	1 Mar 2011	Other	2823342
Gregory Joseph Barber	Chief compliance officer	1 Mar 2015	Other	3121606
Michael James Lay	Chief operating officer	1 Apr 2015	Other	5201752
Eric Velibor Perich	Chief compliance officer	1 May 2015	Other	5208447
Cody Edward Wickham	Chief information security officer	1 Nov 2015	Other	5794992
Michael James Lay	Chief compliance officer	1 Nov 2015	Other	5201752
Kyrstin Nicole Ritsema	Chief compliance officer	1 Mar 2016	Other	4923538
Albert Pingree Herzog	Board of managers	1 Feb 2017	Other	1187236
Michael Robert Chechel	Board of managers, resident agent	1 Feb 2017	Other	2823342
Adam R Kulesza	Board of managers	1 Feb 2017	Other	4770420
Llc Ewm Capital	Michigan limited liability company/interest holder	1 Feb 2017	75% - 100%	81-4735017
Michael James Lay	Board of managers	1 Feb 2017	Other	5201752
Gregory Joseph Barber	Board of managers	1 Feb 2017	Other	3121606

Based in Brighton

The principal office where Executive Wealth Management, LLC performs its advisory services is located at 135 West North Street, Brighton, MI 48116, which is also the mailing address of the firm. An additional office of the firm is in Jackson, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 810-229-6446 or by fax 810-229-6775. The normal business hours are 8:30 am to 5 pm on Monday - Friday. You can find more information about the New York firm at ewmadvisors.com.