Accretive Wealth Partners, LLC (Red Bank)

Name: Accretive Wealth Partners, LLC
Address: 125 Half Mile Road, Red Bank, NJ, 07701
Telephone: (973) 970-2627

Accretive Wealth Partners, LLC is an adviser based in Red Bank. It manages $63.24 million of regulatory assets for 116 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of New Jersey.

Accretive Wealth Partners provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Accretive Wealth Partners: assets under management

The assets under management (AUM) of Accretive Wealth Partners, LLC is $63.24 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $62.57 million in discretionary accounts and $670.48 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $553.73 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $223.49 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 68% of the total AUM. The second-largest asset type is exchange traded securities, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Accretive Wealth Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Accretive Wealth Partners serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Accretive Wealth Partners is high net worth individuals with 30 clients and $60.8 million of assets under management. Among the 2 most similar advisory firms, Accretive Wealth Partners has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $63.24 million for 41 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.

Accretive Wealth Partners doesn't advise any private funds.

Careers at Accretive Wealth Partners, LLC

The company employs 3 people that are either part- or full-time employees. 100 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
Gary Christopher Ribe	Managing member, managing partner, chief investment officer, chief compliance officer	1 Nov 2018	25% - 50%	4816798
Stephen Dino Esposito	Managing member, managing partner	1 Dec 2018	25% - 50%	5568332
Eric Anthony Furey	Managing member, managing partner	1 Dec 2018	25% - 50%	5584107

Based in Red Bank

The principal office where Accretive Wealth Partners, LLC performs its advisory services is located at 125 Half Mile Road, Red Bank, NJ 07701, 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 (973) 970-2627. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at accretivewealthpartners.com.