Choice Wealth Advisors LLC is a large advisory firm based in Waterville. It manages $116.22 million of regulatory assets for 798 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, Louisiana, Maine, and 3 other states.
Choice Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Choice Wealth Advisors LLC is $116.22 million. The firm's AUM has grown by 12% since the beginning of its operation, and $86.04 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Choice Wealth Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Richard Neal Forsley is individuals with 339 clients and $64.85 million of assets under management. Among the 7 most similar advisory firms, Choice Wealth Advisors has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $113.37 million for 389 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Choice Wealth Advisors doesn't advise any private funds.
The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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.
Richard Neal Forsley has been acting as President since 1 Jun 2018. Christopher Arthur Markos joined the executive team most recently as the Chief Compliance Officer.
The principal office where Choice Wealth Advisors LLC performs its advisory services is located at 325 D Kennedy Memorial Drive, Waterville, ME 04901, 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 (207) 873-0996. The normal business hours are 9:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at choicewealthadvisors.com.