Circle Wealth Management, LLC is a large advisory firm based in Summit. It manages $1.74 billion of regulatory assets for 547 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Connecticut, Massachusetts, and 6 other states.
Circle Wealth Management provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Circle Wealth Management, LLC is $1.74 billion. The firm's AUM has grown by 753% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Circle Wealth Management, LLC for their services and products based on a percentage of assets under management 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.
The only and largest group of clients of Circle Wealth Management is high net worth individuals with 72 clients and $1.74 billion of assets under management. Among the 10 most similar advisory firms, Circle Wealth Management has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.74 billion for 72 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.
Circle Wealth Management doesn't advise any private funds.
The company employs 15 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 6 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.
The principal office where Circle Wealth Management, LLC performs its advisory services is located at 47 Maple Street, Summit, NJ 07901, 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 908 206 1306 or by fax 908 277 3577. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday.