Alliance Wealth Management Group, LLC (Flemington)

Name: Alliance Wealth Management Group, LLC
Address: 23 Royal Road, Flemington, NJ, 08822
Telephone: (908) 751 - 7090

Alliance Wealth Management Group, LLC is a large advisory firm based in Flemington. It manages $207.58 million of regulatory assets for 671 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Florida, Louisiana, New Jersey, and 3 other states.

Alliance Wealth Management Group provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Alliance Wealth Management Group: assets under management

The assets under management (AUM) of Alliance Wealth Management Group, LLC is $207.58 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 7% since the beginning of its operation, and $622.3 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $207.58 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $309.36 thousand each.

Alliance Wealth Management Group has custody of $48.81 million in cash and securities for 123 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 91% of the total AUM. The second-largest asset type is investment and business development companies, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Alliance Wealth Management Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Alliance Wealth Management Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Alliance Wealth Management Group is high net worth individuals with 59 clients and $136.5 million of assets under management. Among the 6 most similar advisory firms, Alliance Wealth Management Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $207.58 million for 258 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.

Alliance Wealth Management Group doesn't advise any private funds.

Careers at Alliance Wealth Management Group, LLC

The company employs 12 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. 3 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
Steven Edward Linden	Member	1 Sep 2014	25% - 50%	2084670
Thomas Mccabe	Member	1 Sep 2014	25% - 50%	5353175
Steven Matthew Fox	Chief compliance officer	1 Sep 2014	25% - 50%	2632507
Llc Fox Management Group	Member	1 Jun 2016	25% - 50%	81-0867247
Llc Sugar Hill Capital	Member	1 Dec 2016	25% - 50%	81-4308726

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Steven Matthew Fox	Managing member	1 Dec 2015	75% - 100%	2632507
Thomas Mccabe	Managing member	1 Nov 2016	75% - 100%	5353175

Based in Flemington

The principal office where Alliance Wealth Management Group, LLC performs its advisory services is located at 23 Royal Road, Flemington, NJ 08822, which is also the mailing address of the firm. An additional office of the firm is in Roseland, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (908) 751 - 7090. 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 alliancewmg.com.