Ogorek Wealth Management, LLC (Williamsville)


Ogorek Wealth Management, LLC is a large advisory firm based in Williamsville. It manages $357.77 million of regulatory assets for 580 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Florida, New York, and Pennsylvania.

Ogorek Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ogorek Wealth Management: assets under management

The assets under management (AUM) of Ogorek Wealth Management, LLC is $357.77 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 144% since the beginning of its operation, and $1.23 million of the total AUM is attributable to clients outside of the United States.

The firm manages $357.77 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $616.84 thousand each.
Ogorek Wealth Management has custody of $318.44 million in cash and securities for 172 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 56% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in state and local bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ogorek Wealth Management, LLC for their services and products based on a percentage of assets under management 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.

What kind of clients Ogorek Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Ogorek Wealth Management is high net worth individuals with 81 clients and $238.91 million of assets under management. Among the 10 most similar advisory firms, Ogorek Wealth Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $291.43 million for 181 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.

Ogorek Wealth Management doesn't advise any private funds.

Careers at Ogorek Wealth Management, LLC

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. No 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
Ogorek Anthony Joseph Operating manager 1 Jan 2002 75% - 100% 105707
Llc Ogorek Wealth Management Operating manager 1 Jan 2002 75% - 100% 105707
Anthony Joseph Ogorek Operating manager & cco 1 Mar 2002 75% - 100% 1037206

Based in Williamsville

The principal office where Ogorek Wealth Management, LLC performs its advisory services is located at Sheridan Meadows Corporate Park North, Williamsville, NY 14221 4842, 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 716-626-5000 or by fax 716-626-5509. The normal business hours are 8:00 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at ogorek.com/.