Mussett Wealth Management, LLC (Rensselaer)

Name: Mussett Wealth Management, LLC
Address: 579 North Greenbush Road, Rensselaer, NY, 12144
Telephone: 518-328-8104

Mussett Wealth Management, LLC is a mid-sized advisory firm based in Rensselaer. It manages $59.49 million of regulatory assets for 272 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of New York.

Mussett Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mussett Wealth Management: assets under management

The assets under management (AUM) of Mussett Wealth Management, LLC is $59.49 million. The firm's AUM has grown by 23% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $55.58 million in discretionary accounts and $3.91 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $251.51 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $76.62 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Mussett Wealth Management is high net worth individuals with 22 clients and $25.77 million of assets under management. Among the 2 most similar advisory firms, Mussett Wealth Management has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $59.49 million for 90 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.

Mussett Wealth Management doesn't advise any private funds.

Careers at Mussett 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. Only one employee is registered as an investment adviser representative 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
Olivia Anne Mussett	President, cco	1 Jun 2011	75% - 100%	3139980

Based in Rensselaer

The principal office where Mussett Wealth Management, LLC performs its advisory services is located at 579 North Greenbush Road, Rensselaer, NY 12144, 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 518-328-8104 or by fax 518-328-8105. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at mussettwealth.com.