Wealth Health, LLC (Roseland)

Name: Wealth Health, LLC
Address: 5 Becker Farm Road, Roseland, NJ, 07068
Telephone: 973-535-9577

Wealth Health, LLC is a large advisory firm based in Roseland. It manages $383.05 million of regulatory assets for 201 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Florida, New Jersey, and 4 other states.

Wealth Health provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealth Health: assets under management

The assets under management (AUM) of Wealth Health, LLC is $383.05 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1373% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $383.05 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.91 million each.

Wealth Health has custody of $43.94 million in cash and securities for 25 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 80% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealth Health, LLC for their services and products based on a percentage of assets under management 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 Wealth Health serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Wealth Health is high net worth individuals with 117 clients and $322.5 million of assets under management. Among the 7 most similar advisory firms, Wealth Health has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $383.05 million for 200 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.

Wealth Health doesn't advise any private funds.

Careers at Wealth Health, LLC

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Nmn Coppa	Managing director and chief compliance officer	1 Oct 2003	50% - 75%	2990850
Darin Patrick Gartland	Managing director	1 Apr 2004	25% - 50%	4551964

Based in Roseland

The principal office where Wealth Health, LLC performs its advisory services is located at 5 Becker Farm Road, Roseland, NJ 07068, 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 973-535-9577 or by fax 973-535-9777. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at wealthhealthllc.com.