Tekmen Wells LLC (New York)

Name: Tekmen Wells LLC
Address: 590 Madison Avenue, New York, NY, 10022
Telephone: 646-760-4770

Tekmen Wells LLC is a mid-sized advisory firm based in New York. It manages $47.99 million of regulatory assets for 53 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of New York.

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

Tekmen Wells: assets under management

The assets under management (AUM) of Tekmen Wells LLC is $47.99 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $47.99 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $905.5 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 62% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 11% of the firm’s portfolio. Investments in government bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tekmen Wells LLC 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 Tekmen Wells serves?

The only and largest group of clients of Tekmen Wells is high net worth individuals with 8 clients and $47.71 million of assets under management. Among the 2 most similar advisory firms, Tekmen Wells has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $47.71 million for 8 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.

Tekmen Wells doesn't advise any private funds.

Careers at Tekmen Wells LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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
Llc Urban Investors Group	Member	1 Jul 2013	50% - 75%	46-3160537
Llc Universal Wealth Management	Member	1 Jul 2013	50% - 75%	46-3131009

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Hakan Ergulec	Managing member	1 Jul 2013	75% - 100%	6223701
Tracy Lavern Nixon	Managing member	1 Jul 2013	75% - 100%	2012775

Based in New York

The principal office where Tekmen Wells LLC performs its advisory services is located at 590 Madison Avenue, New York, NY 10022, 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 646-760-4770. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at tekmenwells.com.