Wall Street Access Asset Management, LLC (New York)

Name: Wall Street Access Asset Management, LLC
Address: 100 Wall Street, New York, NY, 10005
Telephone: 212-709-9400

Wall Street Access Asset Management, LLC is a large advisory firm based in New York. It manages $372.91 million of regulatory assets for 502 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, California, Colorado, and 15 other states.

Wall Street Access Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wall Street Access Asset Management: assets under management

The assets under management (AUM) of Wall Street Access Asset Management, LLC is $372.91 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 96% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $372.91 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $742.84 thousand each.

Wall Street Access Asset Management has custody of $290.76 million in cash and securities for 460 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 64% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wall Street Access Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, commissions, and performance-based 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 Denis Patrick Kelleher serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Denis Patrick Kelleher is high net worth individuals with 225 clients and $268.06 million of assets under management. Among the 6 most similar advisory firms, Wall Street Access Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $338.06 million for 471 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.

Wall Street Access Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Wall Street Access Asset Management, LLC

The company employs 9 people that are either part- or full-time employees. 44 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 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.

Denis Patrick Kelleher has been acting as President since 1 Nov 2000. Colleen Patricia Sorrentino has served as the Chief Investment Officer since 1 Nov 2000 and Arthur Leroy Goetchius is the Chief Executive Officer of Wall Street Access Asset Management, LLC family office. Gregory Dominic Viscovich joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Denis Patrick Kelleher	Chairman	1 Nov 2000	Other	266445
Colleen Patricia Sorrentino	Chief investment officer	1 Nov 2000	Other	1714405
Llc Wall Street Access	Member	1 Nov 2000	75% - 100%	13-3981253
Eric Alexander	President	1 Nov 2000	Other	2064257
Arthur Leroy Goetchius	Chief executive officer	1 Feb 2006	Other	1374251
Gregory Dominic Viscovich	Chief compliance officer	1 Jan 2014	Other	2621348

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Wall Street Access Corporation	Member	1 Jan 2001	75% - 100%	13-3057481

Based in New York

The principal office where Wall Street Access Asset Management, LLC performs its advisory services is located at 100 Wall Street, New York, NY 10005, which is also the mailing address of the firm. An additional office of the firm is in Portland, ME. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-709-9400 or by fax 212-709-9870. The normal business hours are 8:30 - 5:30 on Monday - Friday. You can find more information about the New York firm at wsaccess.com.