Access Wealth Planning, LLC (Roseland)


Access Wealth Planning, LLC is a large advisory firm based in Roseland. It manages $296.87 million of regulatory assets for 1,018 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, New Jersey, and 4 other states.

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

Access Wealth Planning: assets under management

The assets under management (AUM) of Access Wealth Planning, LLC is $296.87 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 76% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $296.87 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $291.62 thousand each.
Access Wealth Planning has custody of $296.87 million in cash and securities for 337 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 59% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Access Wealth Planning, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Access Wealth Planning serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Access Wealth Planning is high net worth individuals with 110 clients and $237.4 million of assets under management. Among the 9 most similar advisory firms, Access Wealth Planning has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $296.87 million for 337 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.

Access Wealth Planning doesn't advise any private funds.

Careers at Access Wealth Planning, LLC

The company employs 15 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 14 employees are registered as investment adviser representatives with the state securities authorities.

There are 6 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. Access Financial Planning Partner 1 Jul 2001 25% - 50% 22-2829383
Jhc Holding Llc Partner 1 Jul 2001 50% - 75% 22-3780499
Christopher Stanziale Partner 1 Jul 2001 Other 1031106
Carolyn M Loughlin Partner 1 Jul 2001 Other 1254851
Bruce Michael Milove Partner 1 Jul 2001 Other 1145479
Lawrence Zagarola Managing director 1 Jul 2004 50% - 75% 4411966
Carolyn M Stanziale Chief compliance officer 1 Oct 2004 Other 1254851
Tracy A Hagberg Chief compliance officer 1 May 2006 Other 1841992
Inc. Access Financial Planning Special partner 1 Jan 2015 Other 22-2829383
Bruce Michael Milove Member, special partner 1 Jan 2015 Other 1145479
Lawrence Zagarola Special partner 1 Jan 2015 Other 4411966
Howard Scott Milove Member 1 Jan 2015 Other 3230483
Howard Mark Hook Member 1 Jan 2015 Other 4199828
Darren Lawrence Zagarola Member 1 Jan 2015 50% - 75% 5121491

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Bruce Michael Milove Partner 1 Oct 1987 25% - 50% 1145479
Christopher Stanziale Partner 1 Oct 1987 25% - 50% 1031106
Carolyn M Loughlin Partner 1 Oct 1987 Other 1254851
Lawrence Zagarola Partner 1 Jun 2006 50% - 75% 4411966

Based in Roseland

The principal office where Access Wealth Planning, LLC performs its advisory services is located at 4 Becker Farm Road, Roseland, NJ 07068, which is also the mailing address of the firm. An additional office of the firm is in Princeton, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-740-2400 or by fax 973-461-4717. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at awplan.com.