RLP Wealth Advisors, LLC (Ridgewood)

Name: RLP Wealth Advisors, LLC
Address: 215 East Ridgewood Ave, Ridgewood, NJ, 07450
Telephone: 212-573-0400

RLP Wealth Advisors, LLC is a large advisory firm based in Ridgewood. It manages $475.98 million of regulatory assets for 875 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Connecticut, Florida, New Jersey, and New York.

RLP Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

RLP Wealth Advisors: assets under management

The assets under management (AUM) of RLP Wealth Advisors, LLC is $475.98 million. The firm's AUM has grown by 42% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $361.15 million in discretionary accounts and $114.83 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $697.21 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $321.64 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 49% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 22% of the firm’s portfolio. Investments in state and local bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay RLP Wealth Advisors, 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.

What kind of clients RLP Wealth Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of RLP Wealth Advisors is high net worth individuals with 234 clients and $428.57 million of assets under management. Among the 6 most similar advisory firms, RLP Wealth Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $475.98 million for 401 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.

RLP Wealth Advisors doesn't advise any private funds.

Careers at RLP Wealth Advisors, LLC

The company employs 8 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 are 3 people 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.

Lindsay Hambleton Sturmak joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Rlp Wealth Holdings	Owner	1 Aug 2017	75% - 100%	82-2496853
Jeremy Paul	Chief executive officer	1 Oct 2017	Other	2941072
Lindsay Hambleton Sturmak	Chief compliance officer	1 Oct 2017	Other	2875124

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Jhbj Holdings	Owner	1 Oct 2017	75% - 100%	45-4440624

Based in Ridgewood

The principal office where RLP Wealth Advisors, LLC performs its advisory services is located at 215 East Ridgewood Ave, Ridgewood, NJ 07450, 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 212-573-0400. The normal business hours are 8:30 a.m. to 5:00 p.m on Monday - Friday. You can find more information about the New York firm at rlpwealth.com and its LinkedIn profile.