Brenton Point Wealth Advisors LLC (New York)

Name: Brenton Point Wealth Advisors LLC
Address: 900 Third Avenue, New York, NY, 10022
Telephone: 212-451-1400

Brenton Point Wealth Advisors LLC is a large advisory firm based in New York. It manages $410.26 million of regulatory assets for 743 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Colorado, Connecticut, Florida, and 5 other states.

Brenton Point Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and publication of newsletters. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Brenton Point Wealth Advisors: assets under management

The assets under management (AUM) of Brenton Point Wealth Advisors LLC is $410.26 million. The firm's AUM has grown by 36% since the beginning of its operation, and $3.98 million of the total AUM is attributable to clients outside of the United States.

The firm manages $70.64 million in discretionary accounts and $339.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $654.11 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $534.83 thousand.

Brenton Point Wealth Advisors has custody of $218.81 million in cash and securities for 140 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 52% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Brenton Point Wealth Advisors 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 Brenton Point Wealth Advisors serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Brenton Point Wealth Advisors is high net worth individuals with 131 clients and $370.11 million of assets under management. Among the 5 most similar advisory firms, Brenton Point Wealth Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $410.26 million for 216 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Brenton Point Wealth Advisors doesn't advise any private funds.

Careers at Brenton Point Wealth Advisors LLC

The company employs 21 people that are either part- or full-time employees. 38 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
Brenton Point Llc	Managing member	1 Jan 2017	75% - 100%	81-5352561
Kevin P Cannon	Ceo	1 Feb 2017	Other	4649411
Paul David Michalowski	Co-president and coo	1 Feb 2017	Other	2546301
Moshe A Luchins	Chief compliance officer and general counsel	1 Feb 2017	Other	2845018
Michael George Link	Treasurer	1 Feb 2017	Other	2019768
Patrick Francis Xavier Gingras	Co-president and head of private clients	1 Mar 2017	Other	2555496

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Anthony Dimenna	Owner	1 Jan 2017	75% - 100%	1791596
Kevin P Cannon	Managing member	1 Jan 2017	Other	4649411

Based in New York

The principal office where Brenton Point Wealth Advisors LLC performs its advisory services is located at 900 Third Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Westport, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-451-1400. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at brentonpoint.com.