Gitterman Wealth Management, LLC (Edison)

Name: Gitterman Wealth Management, LLC
Address: 379 Thornall Street, Edison, NJ, 08837
Telephone: 848-248-4405

Gitterman Wealth Management, LLC is a large advisory firm based in Edison. It manages $456.79 million of regulatory assets for 1,867 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Colorado, and 9 other states.

Gitterman Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.

Gitterman Wealth Management: assets under management

The assets under management (AUM) of Gitterman Wealth Management, LLC is $456.79 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 46% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $456.79 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $244.67 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 94% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gitterman Wealth Management, 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 Gitterman Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Gitterman Wealth Management is individuals with 710 clients and $435.33 million of assets under management. Among the 7 most similar advisory firms, Gitterman Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $456.79 million for 714 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.

Gitterman Wealth Management doesn't advise any private funds.

Careers at Gitterman Wealth Management, LLC

The company employs 26 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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 receive compensation from other entities for client referrals.

Elias Stuart Rauch has served as the Chief Investment Officer since 1 Mar 2010. Gary Dee Davis joined the executive team most recently as the Chief Operating Officer/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Lewis Gitterman	Managing member / chief executive officer / chief financial officer	1 Mar 2010	50% - 75%	1910332
Elias Stuart Rauch	Chief investment officer	1 Mar 2010	25% - 50%	4169179
Jennifer Anne Easley	Chief operating officer and chief compliance officer	1 Nov 2013	Other	4688332
Gary Dee Davis	Chief operating officer/chief compliance officer	1 Oct 2015	Other	2620005

Based in Edison

The principal office where Gitterman Wealth Management, LLC performs its advisory services is located at 379 Thornall Street, Edison, NJ 08837, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 848-248-4405 or by fax 888-476-1314. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at gittermanwealth.com.