American Wealth Administration Group LLC is a mid-sized advisory firm based in Glen Cove. It manages $32.37 million of regulatory assets for 123 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Georgia, and 6 other states.
American Wealth Administration Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and publication of newsletters. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of American Wealth Administration Group LLC is $32.37 million. The firm's AUM has gone down by -21% 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 American Wealth Administration Group LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 firm provides services to individuals and high net worth individuals. The largest group of clients of Kevin John Hughes is high net worth individuals with 17 clients and $22.53 million of assets under management. Among the 2 most similar advisory firms, American Wealth Administration Group has the lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $32.37 million for 140 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.
American Wealth Administration Group doesn't advise any private funds.
The company employs 4 people that are either part- or full-time employees. 50 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.
Kevin John Hughes has been acting as President since 1 Feb 2016. Timothy John Hughes joined the executive team most recently as the Managing Member And Chief Financial Officer.
The principal office where American Wealth Administration Group LLC performs its advisory services is located at 50 Glen Cove Road, Glen Cove, NY 11542, 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 (516) 833-6800 or by fax (516) 833-6969. The normal business hours are 9:00am to 5:00pm on Monday - Friday.