Adc Wealth Management, LLC (Massapequa)


Adc Wealth Management, LLC is a large advisory firm based in Massapequa. It manages $110.79 million of regulatory assets for 238 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Florida, Massachusetts, New York, and Texas.

Adc Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Adc Wealth Management: assets under management

The assets under management (AUM) of Adc Wealth Management, LLC is $110.79 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 56% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 17% of the firm’s portfolio. Investments in exchange traded securities form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Adc Wealth Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Adc Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Adc Wealth Management is high net worth individuals with 21 clients and $76 million of assets under management. Among the 12 most similar advisory firms, Adc Wealth Management has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $110.79 million for 135 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.

Adc Wealth Management doesn't advise any private funds.

Careers at Adc Wealth Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
Douglas Nmn Castro Managing member 1 Aug 2011 75% - 100% 2263200
Paula Oliveras Cco 1 Jan 2014 Other 6093745
Paula Alexandra Oliveras Chief compliance officer 1 Jan 2018 Other 6093745

Based in Massapequa

The principal office where Adc Wealth Management, LLC performs its advisory services is located at 30 D Broadway, Massapequa, NY 11758, 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 516-308-7514 or by fax 516-308-7517. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at adcwealth.com.