Fft Wealth Management LLC (West Conshohocken)

Name: Fft Wealth Management LLC
Address: One Tower Bridge, West Conshohocken, PA, 19428
Telephone: 212-488-1390

Fft Wealth Management LLC is a large advisory firm based in West Conshohocken. It manages $1.38 billion of regulatory assets for 152 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Florida, New York, and Pennsylvania.

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

Fft Wealth Management: assets under management

The assets under management (AUM) of Fft Wealth Management LLC is $1.38 billion. The firm's AUM has grown by 7966% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $493.26 million in discretionary accounts and $891.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.4 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $22.28 million.

Fft Wealth Management has custody of $28.67 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 60% of the total AUM. The second-largest asset type is investment and business development companies, which make up 18% of the firm’s portfolio. Investments in exchange traded securities form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fft Wealth Management LLC for their services and products based on a percentage of assets under management 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 Keith M Bloomfield serves?

The only and largest group of clients of Keith M Bloomfield is high net worth individuals with 20 clients and $1.38 billion of assets under management. Among the 9 most similar advisory firms, Fft Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.38 billion for 20 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.

Fft Wealth Management doesn't advise any private funds.

Careers at Fft Wealth Management LLC

The company employs 24 people that are either part- or full-time employees. 54 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.

Keith M Bloomfield has been acting as President since 1 Jul 2011. William David Luterman has served as the Chief Investment Officer since 1 Jul 2011 and Keith Mitchell Bloomfield is the Chief Executive Officer of Fft Wealth Management LLC family office. Kathleen Elizabeth Keating joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Michael Barse	Chairman	1 Sep 2009	Other	2218041
Vincent James Dugan	Chief financial officer	1 Sep 2009	Other	4863705
Willard James Hall	General counsel & secretary	1 Sep 2009	Other	4210789
Craig Barry Weiss	Chief compliance officer	1 Sep 2009	Other	2354195
Third Avenue Holdings Delware Llc	Equityholder of fft wealth management llc	1 Sep 2009	75% - 100%	01-0690881
Keith M Bloomfield	President and ceo	1 Sep 2009	Other	5256516
Llc Fwm Holdings	Managing member	1 Jul 2011	75% - 100%	452754763
Paul Scott Gregorchuk	Manager / chief executive officer	1 Jul 2011	Other	2526437
Keith M Bloomfield	President	1 Jul 2011	Other	5256516
William David Luterman	Chief investment officer	1 Jul 2011	Other	2941036
James Clement Mcgrath	Director of research	1 Jul 2011	Other	2977847
Christopher Fearon Brown	Chief compliance officer	1 Aug 2012	Other	2014838
Paul Scott Gregorchuk	Executive chairman	1 Jan 2017	Other	2526437
Keith Mitchell Bloomfield	Chief executive officer	1 Jan 2017	Other	5256516
Christopher Leith Fagley	Chief operating officer	1 Jan 2017	Other	2107589
Keith M Bloomfield	Chief executive officer	1 Jan 2017	Other	5256516
Kathleen Elizabeth Keating	Chief compliance officer	1 Sep 2018	Other	4586262

Indirect Owners

The SEC currently registers 16 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Amg New York Holdings Corp.	Equity holder of el-train acquisition llc	1 May 2002	75% - 100%	04-3546127
Affiliated Managers Group Inc.	Equity holder of amg new york holdings corp	1 May 2002	75% - 100%	04-3218510
El Train Acquisition Llc	Equity holder and managing member of third avenue holdings delaware llc	1 Aug 2002	50% - 75%	04-3546127
Eric Stuart Schwartz	Member	1 Jun 2008	75% - 100%	1415319
Paul Scott Gregorchuk	Member	1 May 2010	Other	2526437
William David Luterman	Member	1 May 2010	Other	2941036
James Clement Mcgrath	Member	1 May 2010	Other	2977847
Brook James Lenfest	Member	1 May 2010	Other	5936530
Affiliated Managers Group Inc	General partner	1 Mar 2011	Other	04-3218510
Brook James Lenfest	Managing member	1 Jul 2011	25% - 50%	5936530
James Clement Mcgrath	Member	1 Dec 2013	Other	2977847
Keith M Bloomfield	Member	1 Dec 2013	Other	5256516
Lp Amg Wealth Partners	Member	1 Dec 2016	75% - 100%	45-1211980
400 Acquisition Llc	Member	1 Jan 2017	25% - 50%	45-1211980
Wealth Partners Capital Group	Member	1 Jul 2017	75% - 100%	1122334
76 West Holdings Llc	Member	1 Jul 2017	25% - 50%	45-1706254

Based in West Conshohocken

The principal office where Fft Wealth Management LLC performs its advisory services is located at One Tower Bridge, West Conshohocken, PA 19428, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-488-1390 or by fax 610-545-6101. The normal business hours are 8 am to 6 pm on Monday - Friday. You can find more information about the New York firm at forbesfamilytrust.com and its LinkedIn profile.