Fmf&E Wealth Management, LLC (Syracuse)

Name: Fmf&E Wealth Management, LLC
Address: 125 East Jefferson Street, Syracuse, NY, 13202
Telephone: 315-472-7045

Fmf&E Wealth Management, LLC is a large advisory firm based in Syracuse. It manages $225.44 million of regulatory assets for 586 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Florida, New Hampshire, New York, and Texas.

Fmf&E Wealth Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, 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.

Fmf&E Wealth Management: assets under management

The assets under management (AUM) of Fmf&E Wealth Management, LLC is $225.44 million. The firm's AUM has grown by 235% since the beginning of its operation, and $46.4 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $224.88 million in discretionary accounts and $562 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $385.07 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $281 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 70% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 20% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Fmf&E Wealth Management, 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.

What kind of clients Fmf&E Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Fmf&E Wealth Management is high net worth individuals with 77 clients and $168.93 million of assets under management. Among the 10 most similar advisory firms, Fmf&E Wealth Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $225.44 million for 305 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.

Fmf&E Wealth Management doesn't advise any private funds.

Careers at Fmf&E Wealth Management, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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
Robert Edwin Macleod	Managing member	1 May 2000	Other	4645081
Bruce Michael Pietraszek	Member	1 May 2000	Other	4645085
Andrew Michael Eassa	Member	1 May 2000	Other	4645071
Peter Allen Freer	Member	1 May 2000	Other	4645074
Christopher Hovey Gardner	President & chief compliance officer	1 Dec 2007	Other	2630862
Daniel Thomas Gilheney	Member	1 Dec 2007	Other	5485568
Mark Sterling Reid	Member	1 Dec 2007	Other	5485578
Steven Gerard Brown	Member	1 Dec 2007	Other	5485579
Lauren Louise Kincaid	Member	1 Dec 2010	Other	5877740
Jean Ellen Cole	Member	1 Jan 2014	Other	6297066
Mark Peter Colombo	Member	1 Jan 2014	Other	6297068

Based in Syracuse

The principal office where Fmf&E Wealth Management, LLC performs its advisory services is located at 125 East Jefferson Street, Syracuse, NY 13202, 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 315-472-7045 or by fax 315-472-7053. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at fmfewealthmgt.com.