Wechter Financial Services, Inc. (Parsippany)


Wechter Financial Services, Inc. is a large advisory firm based in Parsippany. It manages $156.53 million of regulatory assets for 650 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Florida, New Jersey, and New York.

Wechter Financial Services provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wechter Financial Services: assets under management

The assets under management (AUM) of Wechter Financial Services, Inc. is $156.53 million. The firm's AUM has grown by 327% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $139.78 million in discretionary accounts and $16.75 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $244.38 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $214.7 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wechter Financial Services, 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.

Careers at Wechter Financial Services, Inc.

Ira Martin Wechter has been acting as President since 1 Jan 1989. David Miller Feldman joined the executive team most recently as the President.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Ira Martin Wechter President 1 Jan 1989 50% - 75% 1677378
Myrna Ellen Wechter Vice president & secretary 1 Jan 1989 50% - 75% 4520904
David Miller Feldman Executive vice president 1 Jun 1997 Other 3144940
Ira Martin Wechter Ceo & chief compliance officer 1 Apr 2010 25% - 50% 1677378
David Miller Feldman President 1 Apr 2010 50% - 75% 3144940

Based in Parsippany

The principal office where Wechter Financial Services, Inc. performs its advisory services is located at 1719 Route 10 East, Parsippany, NJ 07054, 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 973-605-1448 or by fax 973-605-1449. The normal business hours are 9:00 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at wechterfinancial.com.