We Are One Seven, LLC (Beachwood)

Name: We Are One Seven, LLC
Address: 24400 Chagrin Blvd., Beachwood, OH, 44122
Telephone: (216) 865-1700

We Are One Seven, LLC is a large advisory firm based in Beachwood. It manages $501.52 million of regulatory assets for 1,791 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Colorado, and 14 other states.

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

We Are One Seven: assets under management

The assets under management (AUM) of We Are One Seven, LLC is $501.52 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 16% since the beginning of its operation, and $1.34 million of the total AUM is attributable to clients outside of the United States.

The firm manages $501.52 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $280.02 thousand each.

We Are One Seven has custody of $673.19 million in cash and securities for 673 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 55% of the total AUM. The second-largest asset type is state and local bonds, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay We Are One Seven, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients We Are One Seven serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of We Are One Seven is high net worth individuals with 144 clients and $325.81 million of assets under management. Among the 9 most similar advisory firms, We Are One Seven has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $501.52 million for 659 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.

We Are One Seven doesn't advise any private funds.

Careers at We Are One Seven, LLC

The company employs 19 people that are either part- or full-time employees. 95 percent of the employees work as investment advisers or researchers. 17 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
Ronald Scott Gross	Managing member, co-founder and chief executive officer	1 Jun 2016	Other	2564430
Paul Joseph Orchosky	Member, co-founder	1 Jun 2016	Other	2264939
Richard Julius Gross	Member, co-founder	1 Jun 2016	Other	5849061
Todd Matthew Resnick	Member, co-founder, president and chief compliance officer	1 Jul 2016	Other	5286367
Stuart A Gertman	Member, co-founder and financial advisor	1 Jul 2016	Other	1667496
Michael Patrick Mawby	Member, co-founder and financial advisor	1 Jul 2016	Other	2491450
Bruce Benjamin Greenwald	Member, co-founder and financial advisor	1 Jul 2016	Other	1413095

Based in Beachwood

The principal office where We Are One Seven, LLC performs its advisory services is located at 24400 Chagrin Blvd., Beachwood, OH 44122, which is also the mailing address of the firm. An additional office of the firm is in Coral Springs, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (216) 865-1700 or by fax (216) 865-1777. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at weareoneseven.com.