Apfs Wealth Management, Inc. (Rochester)

Name: Apfs Wealth Management, Inc.
Address: 350 Linden Oaks, Rochester, NY, 14625
Telephone: 585-348-9525

Apfs Wealth Management, Inc. is a large advisory firm based in Rochester. It manages $599.27 million of regulatory assets for 2,212 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Colorado, and 16 other states.

Apfs Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Apfs Wealth Management: assets under management

The assets under management (AUM) of Apfs Wealth Management, Inc. is $599.27 million. The firm's AUM has grown by 420% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $408.07 million in discretionary accounts and $191.2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $200.92 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.06 million.

Investments

The firm invests in investment and business development companies the most. They account for 71% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Apfs Wealth Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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.

What kind of clients Robert Joseph Bartolotta serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Robert Joseph Bartolotta is individuals with 1,415 clients and $249.18 million of assets under management. Among the 7 most similar advisory firms, Apfs Wealth Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $599.27 million for 1,582 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.

Apfs Wealth Management doesn't advise any private funds.

Careers at Apfs Wealth Management, Inc.

The company employs 45 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 26 employees are registered as investment adviser representatives with the state securities authorities.

There are 7 people 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Joseph Bartolotta	President/chief compliance officer	1 Jun 2011	75% - 100%	1943239

Based in Rochester

The principal office where Apfs Wealth Management, Inc. performs its advisory services is located at 350 Linden Oaks, Rochester, NY 14625, 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 585-348-9525 or by fax 585-348-9514. 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 teamapfs.com.