Piermont Wealth Management

Wealth Management Firm in Melville, NY

Firm Info
Address: 48 S Service Rd Suite 102, Melville, NY 11747, USA
Phone: (631) 454-1585

Firm Size
Assets Under Management: $235.5 million
# of Advisors: 1
# of Clients: 420
Client to Advisor Ratio: 420:1
Average Account Size: $560,668
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses

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

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


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

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Piermont Wealth Management Inc. Overview

PIERMONT WEALTH MANAGEMENT INC. is a fee-only registered investment advisory firm headquartered in Melville, NY. Established in 2002, the firm has been providing investment advice to clients for almost two decades. As a fee-only firm, they do not earn commissions or receive any form of compensation for recommending specific investment products to clients, ensuring that their advice is unbiased and always in the best interest of their clients. With a focus on investment advice, PIERMONT WEALTH MANAGEMENT INC. offers financial planning services to individuals and portfolio management services to both individuals and small businesses. Their team of experienced professionals works closely with clients to create personalized investment plans that align with their financial goals and objectives. As a registered investment advisory firm, PIERMONT WEALTH MANAGEMENT INC. adheres to strict regulations and guidelines set forth by the Securities and Exchange Commission (SEC). Clients can rest assured that their investments are being managed with the utmost care and professionalism. Whether you're just starting to invest or are looking to enhance your existing investment portfolio, PIERMONT WEALTH MANAGEMENT INC. can help you achieve your financial goals.

PIERMONT WEALTH MANAGEMENT INC. caters to a wide range of clients, including individuals and high net worth individuals seeking comprehensive financial planning and investment management services. Their clients consist of individuals from all walks of life with varied goals and objectives, and the firm is committed to delivering customized solutions to meet each client's needs. Depending on the services provided by PIERMONT WEALTH MANAGEMENT INC., different fee structures are available to clients. The firm offers a percentage of assets under management (AUM) fee structure, where the client pays a fee based on a percentage of the total assets being managed by the firm. This structure is ideal for clients who are looking for comprehensive investment management services. For clients seeking one-time financial planning services, PIERMONT WEALTH MANAGEMENT INC. offers hourly fee arrangements, charging clients for the time spent on the project. Lastly, for those who prefer a more straightforward fee structure, fixed fees are available, enabling clients to pay a predetermined fee for specific financial services. Overall, PIERMONT WEALTH MANAGEMENT INC. understands the unique needs of each client and provides personalized fee structures to ensure that they receive the best service possible.

Typical Clients, Fee Structures & Investment Minimum

According to the note in PIERMONT WEALTH MANAGEMENT INC.'s Part 2 Brochure, the firm generally requires clients to have at least $500,000 in assets designated for their management. Therefore, it can be assumed that this is the investment minimum for the firm.

How This Office Can Help Melville, NY Residents

Piermont Wealth Management provides comprehensive financial planning and investment management services to residents of Melville, NY. With a deep understanding of the financial challenges faced by people in the area, the firm helps clients create personalized strategies to achieve their financial goals, protect their wealth, and manage their retirement. As a resident of Melville, someone might be facing various financial situations unique to the area. In particular, the high cost of living in New York can strain budgets, making it harder to save for the future. Piermont Wealth Management works with clients to optimize their finances, maximize savings, and find investment opportunities that align with their unique goals. They also help those who may be nearing retirement ensure they are financially secure for the long term. With a focus on personalized attention and customized financial strategies, Piermont Wealth Management assists clients in navigating the unique challenges of living in Melville, NY and achieves their financial goals.

To view the Minimum Investment and Fee Schedule for Piermont Wealth Management Inc., visit their Part 2 Brochure.

Services Offered by Piermont Wealth Management Inc.

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 Piermont Wealth Management Inc. 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 48 S Service Rd Suite 102, Melville, NY 11747, USA
Phone (631) 454-1585
Directions
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Other Office Locations

This firm has no other locations.

State Registrations

Piermont Wealth Management Inc. is registered to service clients in the following states:

  • California
  • Florida
  • Louisiana
  • New Jersey
  • New York
  • Texas

Disciplinary History

Piermont Wealth Management Inc. does not have any disclosures. Please visit it's Form ADV for more details.