Gold Coast Wealth Management, LLC (Jericho)

Name: Gold Coast Wealth Management, LLC
Address: 575 Jericho Turnpike, Jericho, NY, 11753
Telephone: 516-274-9870

Gold Coast Wealth Management, LLC is a large advisory firm based in Jericho. It manages $269.02 million of regulatory assets for 68 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Connecticut, Florida, and 6 other states.

Gold Coast Wealth Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, pension consulting services, 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.

Gold Coast Wealth Management: assets under management

The assets under management (AUM) of Gold Coast Wealth Management, LLC is $269.02 million. The firm's AUM has grown by 861% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $194.54 million in discretionary accounts and $74.48 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.14 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $12.41 million.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 33% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gold Coast Wealth Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gold Coast Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Gold Coast Wealth Management is high net worth individuals with 56 clients and $213.74 million of assets under management. Among the 12 most similar advisory firms, Gold Coast Wealth Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $269.02 million for 72 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.

Gold Coast Wealth 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.

Careers at Gold Coast Wealth Management, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Brendan John Obrien	Managing member and chief compliance officer	1 Jan 2011	75% - 100%	3125421

Based in Jericho

The principal office where Gold Coast Wealth Management, LLC performs its advisory services is located at 575 Jericho Turnpike, Jericho, NY 11753, which is also the mailing address of the firm. An additional office of the firm is in Red Bank, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 516-274-9870 or by fax 516-935-7936. The normal business hours are 8 am - 5 pm on Monday - Friday. You can find more information about the New York firm at goldcoastwm.com.