And Wealth Partners, LLC (Baltimore)


And Wealth Partners, LLC is a large advisory firm based in Baltimore. It manages $206.91 million of regulatory assets for 240 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Illinois, Maryland, and New York.

And Wealth Partners provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

And Wealth Partners: assets under management

The assets under management (AUM) of And Wealth Partners, LLC is $206.91 million. The firm's AUM has grown by 520% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $95.85 million in discretionary accounts and $111.07 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $429.8 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.53 million.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 19% of the firm’s portfolio. Investments in government bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay And Wealth Partners, LLC 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.

What kind of clients And Wealth Partners serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of And Wealth Partners is high net worth individuals with 44 clients and $203.54 million of assets under management. Among the 8 most similar advisory firms, And Wealth Partners has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $206.91 million for 50 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.

And Wealth Partners doesn't advise any private funds.

Careers at And Wealth Partners, LLC

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Dorie Harriet Fain Managing member/chief compliance officer 1 Mar 2009 75% - 100% 2871080
Dorie Fain Rosenband Managing member/chief compliance officer 1 Mar 2009 75% - 100% 2871080

Based in Baltimore

The principal office where And Wealth Partners, LLC performs its advisory services is located at 1629 Thames Street, Baltimore, MD 21231, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-844-3300 or by fax 866-526-4871. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at andwealth.com and its LinkedIn profile.

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