Henley & Company Wealth Management LLC (Uniondale)

Name: Henley & Company Wealth Management LLC
Address: 506 Rxr Plaza, Uniondale, NY, 11556
Telephone: 516-794-5520

Henley & Company Wealth Management LLC is a mid-sized advisory firm based in Uniondale. It manages $33.8 million of regulatory assets for 95 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Connecticut, Florida, New York, and Virginia.

Henley & Company Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Henley & Company Wealth Management: assets under management

The assets under management (AUM) of Henley & Company Wealth Management LLC is $33.8 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -8% since the beginning of its operation, and $733.5 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $33.8 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $355.83 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Henley & Company Wealth Management LLC for their services and products based on a percentage of assets under management. 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 Henley & Company Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Henley & Company Wealth Management is high net worth individuals with 45 clients and $26.37 million of assets under management. Among the 3 most similar advisory firms, Henley & Company Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $30.24 million for 68 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Henley & Company Wealth Management doesn't advise any private funds.

Careers at Henley & Company Wealth Management LLC

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Francis Patrick Gemino	Managing member	1 Sep 2007	75% - 100%	219616
Michael John Laderer	Managing director/chief compliance officer	1 Sep 2007	Other	1436877
James Joseph Albanese	Vice president	1 Sep 2007	Other	1699997
Robert Anthony Fortino	Chief financial officer	1 Sep 2007	Other	1905741
Maria Teresa Germano Alessi	Chief compliance officer/director of operations	1 Aug 2018	Other	4404986

Based in Uniondale

The principal office where Henley & Company Wealth Management LLC performs its advisory services is located at 506 Rxr Plaza, Uniondale, NY 11556, 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 516-794-5520 or by fax 516-794-6207. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at henleyandcompany.com.