Prw Wealth Management LLC is a large advisory firm based in Quincy. It manages $382.86 million of regulatory assets for 426 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, Massachusetts, New Hampshire, and Texas.
Prw Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, 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.
The assets under management (AUM) of Prw Wealth Management LLC is $382.86 million. The firm's AUM has grown by 186% since the beginning of its operation, and $25.87 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Prw 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.
The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Prw Wealth Management is high net worth individuals with 32 clients and $266.38 million of assets under management. Among the 10 most similar advisory firms, Prw Wealth Management has the 5th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $352.88 million for 132 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Prw Wealth Management doesn't advise any private funds.
The company employs 13 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 7 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Elliot Bruce Herman has served as the Chief Investment Officer since 1 Sep 2016. Richard Alan Renwick joined the executive team most recently as the Managing Member/Co Founder.
The principal office where Prw Wealth Management LLC performs its advisory services is located at 1 Pine Hill Drive, Quincy, MA 02169, 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 (617) 745-0900 or by fax (617) 745-0910. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at prwwealthmanagement.com.