Wahed Invest LLC is an internet adviser based in New York. It manages $38.63 million of regulatory assets for 9,858 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Wahed Invest provides portfolio management for individuals and small businesses and portfolio management for investment companies. 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 Wahed Invest LLC is $38.63 million. The firm's AUM has grown by 6935% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Wahed Invest LLC for their services and products based on a percentage of assets under management. 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 investment companies. The largest group of clients of Wahed Invest is individuals with 9,857 clients and $23.95 million of assets under management. Among the 0 most similar advisory firms, Wahed Invest has the 0th lowest percentage of individuals out of all clients.
The amount of regulatory assets under management is $38.63 million for 9,858 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.
Wahed Invest doesn't advise any private funds.
The company employs 15 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Wahed Invest LLC performs its advisory services is located at 12 East 49 Th Street, 11 Th Floor, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in Tysons, VA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 1-855-976-4747. The normal business hours are 10am to 6pm on Monday - Friday. You can find more information about the New York firm at wahedinvest.com.