Vision2020 Wealth Management Corp. (Jersey City)

Vision2020 Wealth Management Corp. is a large advisory firm based in Jersey City. It manages $5.63 billion of regulatory assets for 51,728 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Vision2020 Wealth Management Corp provides portfolio management for individuals and small businesses 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.

Vision2020 Wealth Management Corp: assets under management

The assets under management (AUM) of Vision2020 Wealth Management Corp. is $5.63 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -40% since the beginning of its operation, and $375.85 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $5.63 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $108.85 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is investment and business development companies, which make up 39% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Vision2020 Wealth Management Corp. for their services and products based on a percentage of assets under management. 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 James Dale Price serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of James Dale Price is individuals with 35,346 clients and $3.58 billion of assets under management. Among the 9 most similar advisory firms, Vision2020 Wealth Management Corp has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $5.63 billion for 41,149 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.

Vision2020 Wealth Management Corp doesn't advise any private funds.

Careers at Vision2020 Wealth Management Corp.

The company employs 924 people that are either part- or full-time employees. No employees work as investment advisers or researchers. 120 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 receive compensation from other entities for client referrals.

James Dale Price has been acting as President since 1 Nov 2016. Ag Parent Corporation joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Aig Advisor Group	Shareholder	1 May 2010	75% - 100%	86-0623864
Inc. Advisor Group	Shareholder	1 May 2010	75% - 100%	86-0623864
Joseph Daniel Neary	Chief compliance officer	1 May 2010	Other	2993505
Ralph Lawrence Roth	Chief executive officer	1 May 2010	Other	1432179
Noah David Sorkin	Senior vice president, general counsel, secretary and director	1 May 2012	Other	1832767
Craig Harold Dahmen	Senior vice president, chief financial officer, treasurer and director	1 May 2012	Other	3245626
Kevin Michael Keefe	President	1 Apr 2013	Other	1869560
Ralph Lawrence Roth	Chairman and director	1 Apr 2013	Other	1432179
Erica Maja Mcginnis	Vice president and chief compliance officer	1 Apr 2013	Other	2380497
Erica Maja Mcginnis	Chairperson	1 Oct 2013	Other	2380497
Kenneth Ray Goodall	Chief compliance officer	1 Oct 2013	Other	2682569
Erica Maja Mcginnis	Chairperson and director	1 Nov 2014	Other	2380497
Noah David Sorkin	Executive vice president, general counsel and secretary	1 Nov 2014	Other	1832767
Craig Harold Dahmen	Senior vice president, chief financial officer, assistant treasurer and director	1 Nov 2014	Other	3245626
Robert John Guldner	Vice president, chief compliance officer and director	1 Nov 2014	Other	2283980
Matthew Adam Schlueter	Chief executive officer and president	1 Nov 2014	Other	2627931
Valerie Gay Brown	Chairperson	1 Aug 2016	Other	4619265
James Dale Price	Chairman	1 Nov 2016	Other	1243224
Cynthia Ann Hamel	Director, chief operations officer, evp	1 May 2017	Other	3014361
Cynthia A Hamel	Director, chief operations officer, evp	1 May 2017	Other	3014361
Nina Schloesser Mckenna	Executive vice president, general counsel, secretary	1 Jun 2017	Other	6302448
Matthew Adam Schlueter	Director, evp	1 Mar 2019	Other	2627931

Indirect Owners

The SEC currently registers 26 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Sunamerica Investments	Shareholder	1 Sep 1990	75% - 100%	52-1128427
Inc. American International Group	Shareholder	1 Jan 1999	75% - 100%	13-2592361
Sunamerica Life Insurance Company	Shareholder	1 Jan 1999	50% - 75%	52-0502540
Inc Sunamerica Financial Group	Shareholder	1 Jan 1999	25% - 50%	95-4715639
Inc. Safg Retirement Services	Shareholder	1 Jan 1999	25% - 50%	95-4715639
Inc Sunamerica Financial Group	Shareholder	1 Jan 2004	75% - 100%	95-4715639
Inc. Sunamerica Investments	Shareholder	1 May 2010	75% - 100%	52-1128427
Sunamerica Life Insurance Company	Shareholder	1 May 2010	75% - 100%	52-0502540
Inc. Aig Retirement Services	Shareholder	1 May 2010	25% - 50%	95-4715639
Inc. American International Group	Shareholder	1 May 2010	75% - 100%	13-2592361
Inc Sunamerica Financial Group	Shareholder	1 May 2010	25% - 50%	95-4715639
Inc. Safg Retirement Services	Shareholder	1 Apr 2012	25% - 50%	95-4715639
American General Life Insurance Company	Shareholder	1 Dec 2012	75% - 100%	25-0598210
Agc Life Insurance Company	Shareholder	1 Dec 2012	50% - 75%	76-0030921
Inc Sunamerica Financial Group	Shareholder	1 Dec 2012	75% - 100%	74-0483432
Inc. Aig Life Holdings	Shareholder	1 Mar 2013	75% - 100%	74-0483432
Inc. Advisor Group Holdings	Shareholder	1 May 2016	75% - 100%	81-1294994
Lp Lightyear Fund Iii	Shareholder	1 May 2016	25% - 50%	90-0652029
Lp Lightyear Fund Iii Gp	General partner	1 May 2016	Other	90-0652029
Llc Lightyear Fund Iii Gp Holdings	General partner	1 May 2016	75% - 100%	80-0678434
Llc Ly Holdings	Managing member	1 May 2016	75% - 100%	46-4629703
Mark Francis Vassallo	Managing member	1 May 2016	75% - 100%	1311427
Ag Parent Corporation	Shareholder	1 Aug 2019	75% - 100%	84-1770050
Ag Intermediate Corporation	Shareholder	1 Aug 2019	75% - 100%	38-4119398
L.P. Ag Artemis Holdings	Shareholder	1 Aug 2019	75% - 100%	84-1759446
L.P. Rcp Artemis Co Invest	Shareholder	1 Aug 2019	75% - 100%	98-1496057

Based in Jersey City

The principal office where Vision2020 Wealth Management Corp. performs its advisory services is located at 10 Excahnge Place, Jersey City, NJ 07302, 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 212-551-5732 or by fax 212-551-5200. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday.