Vestwell Advisors LLC (New York)


Vestwell Advisors LLC is an internet adviser based in New York. It manages $26.2 million of regulatory assets for 3,188 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Colorado, and 19 other states.

Vestwell Advisors provides 3(38) erisa investment manager. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Vestwell Advisors: assets under management

The assets under management (AUM) of Vestwell Advisors LLC is $26.2 million. The firm's AUM has grown by 87% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Vestwell Advisors 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.

Careers at Vestwell Advisors LLC

The company employs 38 people that are either part- or full-time employees. 13 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 compensates 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
Aaron Douglas Schumm Ceo 1 Apr 2016 Other 6512466
Thomas Marvin Kyle Cco, coo 1 Apr 2016 Other 2016449
Vestwell Holdings Inc Member 1 Apr 2016 75% - 100% 81-1427779
Vestwell Holdings Inc. Member 1 Apr 2016 75% - 100% 81-3062212
Thomas M Kyle Cco, coo 1 Apr 2016 Other 2016449
Vestwell Holdings Llc Member 1 Apr 2016 Other 81-1427779
Joe Pampel Cco, cto 1 Aug 2016 Other 6713605
Michael Joseph Shuckerow Cco 1 Jan 2017 Other 5159095
Joe Pampel Chief information security officer 1 Apr 2017 Other 6713605
David Paul Sheen Svp finance 1 Aug 2017 Other 5942391
Jonathan Ferrara Svp operations & product 1 Aug 2017 Other 6952088
Allison Leigh Brecher Chief legal officer 1 Oct 2017 Other 6950074
Abbey Yvon Vp marketing 1 Dec 2017 Other 6952089
Benjamin C Thomason Evp 1 Mar 2018 Other 3075657
John J Skovron Cto 1 Mar 2018 Other 1696458
Pamela Louise Rockley Cco 1 Apr 2018 Other 1438348

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Aaron Douglas Schumm Ceo and owner 1 Feb 2016 75% - 100% 6512466

Based in New York

The principal office where Vestwell Advisors LLC performs its advisory services is located at 22 West 38 Th Street, New York, NY 10018, 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 646-902-1401. The normal business hours are 9am-5pm on Monday - Friday.