Weinberger Asset Management, Inc (Los Angeles)

Name: Weinberger Asset Management, Inc
Address: 11661 San Vicente Blvd, Suite 820, Los Angeles, CA, 90049
Telephone: 310-442-8472

Weinberger Asset Management, Inc is a large advisory firm based in Los Angeles. It manages $119.53 million of regulatory assets for 224 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, New Hampshire, and Texas.

Weinberger Asset Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Weinberger Asset Management: assets under management

The assets under management (AUM) of Weinberger Asset Management, Inc is $119.53 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 320% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $119.53 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $533.61 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 46% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 34% of the firm’s portfolio. Investments in state and local bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Weinberger Asset Management, Inc for their services and products based on a percentage of assets under management and hourly charges. 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 Leslie Faye Vermut serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Leslie Faye Vermut is high net worth individuals with 39 clients and $110.04 million of assets under management. Among the 8 most similar advisory firms, Weinberger Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $119.53 million for 77 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.

Weinberger Asset Management doesn't advise any private funds.

Careers at Weinberger Asset Management, Inc

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.

Leslie Faye Vermut has been acting as President since 1 Dec 1993. Alexander Brian Weinberger joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Leslie Faye Vermut	President	1 Dec 1993	Other	2440849
Thomas Ray Weinberger	Chief investment officer, chief financial officer, vice president	1 Dec 1993	Other	848197
Leslie Vermut	President	1 Dec 1993	50% - 75%	2440849
Alexander Brian Weinberger	Chief compliance officer	1 Aug 2017	75% - 100%	6231846

Based in Los Angeles

The principal office where Weinberger Asset Management, Inc performs its advisory services is located at 11661 San Vicente Blvd, Suite 820, Los Angeles, CA 90049, 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 310-442-8472 or by fax 310-442-8474. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at wamasset.com.