Access Wealth Planning, LLC (Roseland)

Name: Access Wealth Planning, LLC
Address: 4 Becker Farm Road, Roseland, NJ, 07068
Telephone: 973-740-2400

Access Wealth Planning, LLC is a large advisory firm based in Roseland. It manages $296.87 million of regulatory assets for 1,018 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, New Jersey, and 4 other states.

Access Wealth Planning provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and account aggregation services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Access Wealth Planning: assets under management

The assets under management (AUM) of Access Wealth Planning, LLC is $296.87 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 76% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $296.87 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $291.62 thousand each.

Access Wealth Planning has custody of $296.87 million in cash and securities for 337 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 59% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% 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 Access Wealth Planning, 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 Access Wealth Planning serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Access Wealth Planning is high net worth individuals with 110 clients and $237.4 million of assets under management. Among the 9 most similar advisory firms, Access Wealth Planning has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $296.87 million for 337 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.

Access Wealth Planning doesn't advise any private funds.

Careers at Access Wealth Planning, LLC

The company employs 15 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 14 employees are registered as investment adviser representatives with the state securities authorities.

There are 6 people 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
Inc. Access Financial Planning	Partner	1 Jul 2001	25% - 50%	22-2829383
Jhc Holding Llc	Partner	1 Jul 2001	50% - 75%	22-3780499
Christopher Stanziale	Partner	1 Jul 2001	Other	1031106
Carolyn M Loughlin	Partner	1 Jul 2001	Other	1254851
Bruce Michael Milove	Partner	1 Jul 2001	Other	1145479
Lawrence Zagarola	Managing director	1 Jul 2004	50% - 75%	4411966
Carolyn M Stanziale	Chief compliance officer	1 Oct 2004	Other	1254851
Tracy A Hagberg	Chief compliance officer	1 May 2006	Other	1841992
Inc. Access Financial Planning	Special partner	1 Jan 2015	Other	22-2829383
Bruce Michael Milove	Member, special partner	1 Jan 2015	Other	1145479
Lawrence Zagarola	Special partner	1 Jan 2015	Other	4411966
Howard Scott Milove	Member	1 Jan 2015	Other	3230483
Howard Mark Hook	Member	1 Jan 2015	Other	4199828
Darren Lawrence Zagarola	Member	1 Jan 2015	50% - 75%	5121491

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Bruce Michael Milove	Partner	1 Oct 1987	25% - 50%	1145479
Christopher Stanziale	Partner	1 Oct 1987	25% - 50%	1031106
Carolyn M Loughlin	Partner	1 Oct 1987	Other	1254851
Lawrence Zagarola	Partner	1 Jun 2006	50% - 75%	4411966

Based in Roseland

The principal office where Access Wealth Planning, LLC performs its advisory services is located at 4 Becker Farm Road, Roseland, NJ 07068, which is also the mailing address of the firm. An additional office of the firm is in Princeton, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-740-2400 or by fax 973-461-4717. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at awplan.com.