Prestige Wealth Management Group, LLC

Wealth Management Firm in Onondaga County, NY

Firm Info
Address: 1031 Genesee St, Syracuse, NY 13204, USA
Phone: (315) 415-0097

Firm Size
Assets Under Management: $430.6 million
# of Advisors: 5
# of Clients: 1,122
Client to Advisor Ratio: 224:1
Average Account Size: $383,739
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Selection of Others Advisors

Types of Clients
  • Individuals (Not High Net Worth)
  • Individuals High Net Worth

    *>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth

  • Pension & Profit Sharing Plans

Available Fee Structures
  • Percentage of Assets Under Management (AUM)
  • Hourly
  • Fixed Fees (Other than subscription)

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Prestige Wealth Management Group, LLC Overview

: Prestige Wealth Management Group is an investment advisory firm that has been in business for over a decade. Established in 2011, the firm specializes in providing investment advice to a wide range of clients including individuals and small businesses. Based out of Flemington, NJ, the firm operates on a fee-only basis, meaning that clients pay a fixed fee for the services provided, rather than being charged on a commission basis. At Prestige Wealth Management Group, clients can expect to receive a broad variety of financial planning services, including portfolio management. The firm works closely with each client to develop a customized investment strategy that aligns with their individual goals and objectives. This personalized approach enables clients to make informed financial decisions and achieve their financial goals. In addition to financial planning and portfolio management services, Prestige Wealth Management Group also assists clients with the selection of other advisors. The firm has an extensive network of professionals and can help clients find the right professionals to assist with legal, tax, and other financial matters. With their years of experience and commitment to providing exceptional service, Prestige Wealth Management Group is a trusted advisor to clients across the country.

PRESTIGE WEALTH MANAGEMENT GROUP, LLC caters to a diverse range of clients, including individuals, high net worth individuals, and pension or profit sharing plans. With their experienced team of financial advisors, the firm provides tailored solutions that cater to the unique needs and requirements of each individual client. When it comes to fee structures, PRESTIGE WEALTH MANAGEMENT GROUP, LLC offers a variety of options depending on the type of service provided. Clients who require asset management services typically pay a percentage of their assets under management (AUM). This fee is usually a small percentage of the total assets managed by the firm. Clients who require more specialized services, such as financial planning or estate planning, may opt for hourly or fixed fee arrangements. Hourly fees are charged on an hourly basis, while fixed fees are a pre-determined amount that is agreed upon between the client and the firm. Overall, PRESTIGE WEALTH MANAGEMENT GROUP, LLC ensures that clients have access to a range of fee structures that suit their unique needs and budget. With a focus on providing personalized financial solutions, the firm is committed to helping clients achieve their financial objectives and secure their financial future.

Typical Clients, Fee Structures & Investment Minimum

The Part 2 Brochure for Prestige Wealth Management Group, LLC notes that there is a $10 million minimum investment requirement. This may incentivize the firm to recommend that clients maintain their accounts with Schwab, as the firm has an interest in receiving Schwab's services that benefit its business. However, it is important for clients to consider their own interests in receiving the best value in custody services and most favorable execution of their transactions.

How This Office Can Help Onondaga County, NY Residents

Prestige Wealth Management Group, LLC provides a wide range of financial services to individuals and businesses in Onondaga County, NY. The company's experienced financial advisors work closely with their clients to understand their unique financial situations and develop customized strategies to help them achieve their financial goals. Whether someone in Onondaga County is looking to invest for retirement, save for their child's education, manage debt, or protect their assets, Prestige Wealth Management Group, LLC can help. The financial advisors at Prestige Wealth Management Group, LLC are well-versed in the local financial landscape of Onondaga County, NY. They understand the unique challenges and opportunities that individuals and businesses face in this area, including high housing costs, expensive healthcare, and fluctuating market conditions. By providing personalized financial advice and investment strategies, Prestige Wealth Management Group, LLC helps their clients navigate these challenges and make sound financial decisions that contribute to their long-term financial success.

To view the Minimum Investment and Fee Schedule for Prestige Wealth Management Group, LLC, visit their Part 2 Brochure.

Services Offered by Prestige Wealth Management Group, LLC

Core Advisor Services
Financial Planning

Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.

Portfolio Management for Individuals & Small Businesses

Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.

Market Timing Services

Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.

Other Services
Selection of Other Advisors

The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.

Publication of Periodicals or Newsletters

The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.

Educational Seminars & Workshops

The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.


Fee Structures

Financial advisory fees usually are based on the services provided. Fee types charged by Prestige Wealth Management Group, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available
Percentage of Assets Under Management (AUM)
Hourly
Fixed Fees (Other than subscription)
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Performance-based Fees
Other

Types of Clients

*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.


This Office Location

Firm location 1031 Genesee St, Syracuse, NY 13204, USA
Phone (315) 415-0097
Directions
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Other Office Locations

Firm Headquarters
Firm headquarters location 31 STATE ROUTE 12, FLEMINGTON, NJ 8822, United States

This firm has no other locations.

State Registrations

Prestige Wealth Management Group, LLC is registered to service clients in the following states:

  • California
  • Delaware
  • Florida
  • Massachusetts
  • New Hampshire
  • New Jersey
  • New York
  • North Carolina
  • Pennsylvania
  • South Carolina
  • Texas
  • Virginia

Disciplinary History

Prestige Wealth Management Group, LLC does not have any disclosures. Please visit it's Form ADV for more details.