Rmr Wealth Builders, Inc. is a large advisory firm based in Teaneck. It manages $149.97 million of regulatory assets for 265 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Connecticut, and 24 other states.
Rmr Wealth Builders 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, educational seminars and workshops, and consulting engagement for specific purpose such as education funding, estate planning. It prepares financial plans for more than 10 clients. On top of advisory services, the firm also engages as business consulting (non-securities).
The assets under management (AUM) of Rmr Wealth Builders, Inc. is $149.97 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 49% 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 Rmr Wealth Builders, Inc. 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, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Edward Albert Majtenyi is charitable organizations with 1 clients and $97.26 million of assets under management. Among the 10 most similar advisory firms, Rmr Wealth Builders has the highest percentage of charitable organizations out of all clients.
The amount of regulatory assets under management is $149.97 million for 177 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 6% of the firm’s clients are foreign persons or businesses.
Rmr Wealth Builders doesn't advise any private funds.
The company employs 20 people that are either part- or full-time employees. 35 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone 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.
Edward Albert Majtenyi has been acting as President since 1 Aug 1986. The Simmers Family Trust joined the executive team most recently as the Shareholder.
The principal office where Rmr Wealth Builders, Inc. performs its advisory services is located at 500 Glenpointe Centre West, 4 Th Floor, Suite 39, Teaneck, NJ 07666, which is also the mailing address of the firm. An additional office of the firm is in Westport, CT. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (201) 836-2460 or by fax (201) 836-1897. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at rmrwealth.com.