Creative Wealth Management, LLC (Islandia)

Name: Creative Wealth Management, LLC
Address: 1377 Motor Parkway, Islandia, NY, 11749
Telephone: 631-232-9170

Creative Wealth Management, LLC is a mid-sized advisory firm based in Islandia. It manages $78.37 million of regulatory assets for 400 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Florida, New Hampshire, New York, and Texas.

Creative Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, 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.

Creative Wealth Management: assets under management

The assets under management (AUM) of Creative Wealth Management, LLC is $78.37 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1310% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $78.37 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $195.92 thousand each.

Creative Wealth Management has custody of $9.09 million in cash and securities for 23 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 67% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Creative Wealth Management, 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 Creative Wealth Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Creative Wealth Management is individuals with 162 clients and $56.12 million of assets under management. Among the 2 most similar advisory firms, Creative Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $78.37 million for 177 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.

Creative Wealth Management doesn't advise any private funds.

Careers at Creative Wealth Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael David Kresh	Managing member / chief compliance officer	1 Jan 2002	75% - 100%	1335766

Based in Islandia

The principal office where Creative Wealth Management, LLC performs its advisory services is located at 1377 Motor Parkway, Islandia, NY 11749, 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 631-232-9170 or by fax 631-232-9175. The normal business hours are 9:00a.m.- 5:00pm on Monday - Friday. You can find more information about the New York firm at creativewealthllc.com.