Walnut Street Securities, Inc. (New York)


Walnut Street Securities, Inc. is a large advisory firm based in New York. It manages $1.12 billion of regulatory assets for 5,104 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alabama, Alaska, Arkansas, and 44 other states.

Walnut Street Securities provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, 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.

Walnut Street Securities: assets under management

The assets under management (AUM) of Walnut Street Securities, Inc. is $1.12 billion. The firm's AUM has grown by 174% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $184.11 million in discretionary accounts and $933.87 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $247.13 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $214.24 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Walnut Street Securities, Inc. 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.

Careers at Walnut Street Securities, Inc.

Bernard H Wolzenski has been acting as President since 1 Jan 1994. Andre Theodore Carrier joined the executive team most recently as the Chief Operations Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Bernard H Wolzenski Director 1 Jan 1994 Other 1689931
Norman Robert Lazarus Chief compliance officer 1 Oct 1998 Other 1987639
Craig William Markham Director, chief marketing officer 1 Aug 2000 Other 1383638
Robert Henry Petersen Chief financial officer 1 May 2002 Other 361234
Peter John Krussel Senior registered options principal 1 Jun 2002 Other 2534106
William Michael Dilodovico Chief operation officer 1 Jul 2002 Other 2184004
Inc. Metlife Direct owner 1 Jan 2003 75% - 100% 13-4075851
Robert Joseph Costello Chief operations officer 1 Jul 2003 Other 1349716
Robert Nicholas Martz Senior vice president 1 Jul 2003 Other 1901431
Michael Kevin Farrell President, chief executive officer 1 Aug 2003 Other 854508
Craig William Markham President 1 Sep 2003 Other 1383638
Virgelan Ernesto Aquino Chief operations officer 1 Oct 2004 Other 2976229
Michael Kevin Farrell Director 1 Oct 2004 Other 854508
William John Toppeta Director 1 Oct 2004 Other 2835140
Michael Kevin Farrell Chairman of the board 1 Feb 2005 Other 854508
Nancy Louise Ricciardi Senior registered options principal 1 Feb 2005 Other 1901005
Gwenn Louise Carr Secretary 1 Feb 2005 Other xxx-xx-xxxx
Paul G. Cellupica Chief legal officer 1 Jul 2005 Other xxx-xx-xxxx
Andre Theodore Carrier Senior registered options principal and compliance registered options principal 1 Oct 2005 Other 2257728
Robert Begun Co-chief operations officer 1 Dec 2005 Other 4436053
Donald Roy Kaplan Chief compliance officer and aml officer 1 Apr 2006 Other 1727509
Jeffrey Paul Halperin Anti-money laundering officer 1 Apr 2006 Other 2899327
Laurie Lennox Chief compliance officer 1 Jun 2006 Other xxx-xx-xxxx
James Dwyer Vice president, licensing and registration 1 Aug 2006 Other xxx-xx-xxxx
Marc Allan Cohn Chief compliance officer, investment adviser 1 Sep 2006 Other 2464524
John Gregory Martinez Chief financial officer 1 May 2007 Other 2210722
Eric Steigerwalt Treasurer 1 May 2007 Other xxx-xx-xxxx
Virgelan Ernesto Aquino Chief compliance officer, broker dealer 1 Oct 2007 Other 2976229
Michael J Lacek Chief legal officer 1 Mar 2008 Other xxx-xx-xxxx
John Joseph Brett Chairman of the board 1 Mar 2008 Other 726194
Steven Jeffrey Goulart Treasurer 1 Aug 2009 Other xxx-xx-xxxx
Jeffrey A Welikson Secretary 1 Aug 2009 Other 4731011
Isaac Torres Secretary 1 May 2010 Other xxx-xx-xxxx
Elizabeth Mary Forget Director 1 Jun 2012 Other 2767945
Andre Theodore Carrier Chief operations officer 1 Apr 2013 Other 2257728
Rashid Ismail President and chairman 1 Apr 2013 Other 5860331

Based in New York

The principal office where Walnut Street Securities, Inc. performs its advisory services is located at 1095 Avenue Of The Americas, New York, NY 10036 The mailing address of the firm is C/O Metlife Securities, Inc., New York, NY 10036. An additional office of the firm is in Cleveland, OH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-578-0594 or by fax 908-552-2851. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at www.walnutstreet.com.

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