Mazars Usa Wealth Advisors LLC (New York)

Name: Mazars Usa Wealth Advisors LLC
Address: 135 West 50 Th Street, New York, NY, 10020
Telephone: 212-375-6506

Mazars Usa Wealth Advisors LLC is a large advisory firm based in New York. It manages $115.98 million of regulatory assets for 179 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Florida, New Jersey, New York, and Pennsylvania.

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

Mazars Usa Wealth Advisors: assets under management

The assets under management (AUM) of Mazars Usa Wealth Advisors LLC is $115.98 million. The firm's AUM has grown by 18% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $115.08 million in discretionary accounts and $895.2 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $646.54 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $895.2 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 44% of the total AUM. The second-largest asset type is investment and business development companies, which make up 36% of the firm’s portfolio. Investments in state and local bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mazars Usa Wealth 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.

What kind of clients Mazars Usa Wealth Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Mazars Usa Wealth Advisors is high net worth individuals with 53 clients and $60.35 million of assets under management. Among the 8 most similar advisory firms, Mazars Usa Wealth Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $92.8 million for 103 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.

Mazars Usa Wealth Advisors doesn't advise any private funds.

Careers at Mazars Usa Wealth Advisors LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 2 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Weiser Holding Group Llc	Sole member	1 Nov 2004	75% - 100%	52-2156403
Carijn Michel	Principal, chief compliance officer	1 Aug 2008	Other	4747082

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Weisermazars Llp	Sole member	1 Mar 1999	75% - 100%	13-1459550

Based in New York

The principal office where Mazars Usa Wealth Advisors LLC performs its advisory services is located at 135 West 50 Th Street, New York, NY 10020, which is also the mailing address of the firm. An additional office of the firm is in Edison, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-375-6506 or by fax 212-375-6912. The normal business hours are 9 a.m to 5 p.m. on Monday - Friday. You can find more information about the New York firm at mazarswa.com.