Astoria Strategic Wealth, Inc. (Flower Mound)


Astoria Strategic Wealth, Inc. is a large advisory firm based in Flower Mound. It manages $148.35 million of regulatory assets for 490 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Nebraska and Texas.

Astoria Strategic Wealth provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Astoria Strategic Wealth: assets under management

The assets under management (AUM) of Astoria Strategic Wealth, Inc. is $148.35 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $125.47 million in discretionary accounts and $22.88 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $295.92 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $346.63 thousand.
Astoria Strategic Wealth has custody of $17.18 million in cash and securities for 53 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 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Astoria Strategic Wealth, 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 Astoria Strategic Wealth serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Astoria Strategic Wealth is high net worth individuals with 44 clients and $111.15 million of assets under management. Among the 10 most similar advisory firms, Astoria Strategic Wealth has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $148.35 million for 97 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.

Astoria Strategic Wealth doesn't advise any private funds.

Careers at Astoria Strategic Wealth, Inc.

The company employs 5 people that are either part- or full-time employees. 80 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Kimberly Nmn Victoria Principal and chief operating officer 1 May 2010 50% - 75% 5799849
Brian Arthur Cox Chief compliance officer, principal 1 Dec 2013 25% - 50% 4705035

Based in Flower Mound

The principal office where Astoria Strategic Wealth, Inc. performs its advisory services is located at 4509 St. Clair Ct, Flower Mound, TX 75022 The mailing address of the firm is 2201 Long Prairie Road, Flower Mound, TX 75022. An additional office of the firm is in New Braunfels, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 888.321.7374 or by fax 512-697-8302. The normal business hours are by appointment on Other. You can find more information about the New York firm at pauleyfinancial.com/.