Wall Street Access Asset Management, LLC is a large advisory firm based in New York. It manages $372.91 million of regulatory assets for 502 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, California, Colorado, and 15 other states.
Wall Street Access Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, 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 Wall Street Access Asset Management, LLC is $372.91 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 96% 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 Wall Street Access Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, commissions, and performance-based 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 and high net worth individuals. The largest group of clients of Denis Patrick Kelleher is high net worth individuals with 225 clients and $268.06 million of assets under management. Among the 6 most similar advisory firms, Wall Street Access Asset Management has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $338.06 million for 471 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.
Wall Street Access Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 9 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 4 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 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.
Denis Patrick Kelleher has been acting as President since 1 Nov 2000. Colleen Patricia Sorrentino has served as the Chief Investment Officer since 1 Nov 2000 and Arthur Leroy Goetchius is the Chief Executive Officer of Wall Street Access Asset Management, LLC family office. Gregory Dominic Viscovich joined the executive team most recently as the Chief Compliance Officer.
The principal office where Wall Street Access Asset Management, LLC performs its advisory services is located at 100 Wall Street, New York, NY 10005, which is also the mailing address of the firm. An additional office of the firm is in Portland, ME. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-709-9400 or by fax 212-709-9870. The normal business hours are 8:30 - 5:30 on Monday - Friday. You can find more information about the New York firm at wsaccess.com.