Piermont Wealth Management

Wealth Management Firm in Inwood, NY

Firm Info
Address: 100 Park Ave, New York, NY 10017, USA
Phone: (888) 910-1666

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)

Get Connected with a Financial Advisor

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Piermont Wealth Management Inc. Overview

PIERMONT WEALTH MANAGEMENT INC. is a registered investment advisory firm that specializes in investment advice only. The firm has been in business since 2002 and its headquarters is located in Melville, NY. They offer a fee-only fee arrangement, which means that they do not receive any commissions or kickbacks from the financial products they recommend. The firm provides a range of services, including financial planning and portfolio management for both individuals and small businesses. They work closely with clients to understand their financial goals and create a personalized financial plan that suits their unique needs. Additionally, they offer ongoing portfolio management to help clients stay on track and make adjustments as needed. Overall, PIERMONT WEALTH MANAGEMENT INC. is a reputable and experienced firm that is dedicated to helping clients achieve their financial goals. Their fee-only approach ensures that clients receive unbiased advice and recommendations that align with their best interests. Whether you are an individual or a small business owner, PIERMONT WEALTH MANAGEMENT INC. is an excellent choice for investment advice and portfolio management.

PIERMONT WEALTH MANAGEMENT INC. caters to a diverse client base, ranging from individuals to high net worth individuals. Their services cater to clients who seek professional assistance in managing their investment portfolios. Their clients primarily include investors who prefer to delegate the management of their assets to experienced professionals. PIERMONT WEALTH MANAGEMENT INC. works closely with their clients to tailor their investment strategies to align with their financial goals and preferences. When it comes to fees, PIERMONT WEALTH MANAGEMENT INC. provides a flexible fee structure based on the services provided. The company offers three types of fee structures: percentage of assets under management (AUM), hourly, and fixed fees. The fee charged depends on the type of service and investment plan that the client chooses. The percentage of AUM fee structure is based on a percentage of the asset value being managed, whereas hourly fees are billed based on the number of hours spent providing the service. Lastly, fixed fees are pre-agreed fees and are charged independently of the size of the portfolio. Each fee structure offers unique advantages, and PIERMONT WEALTH MANAGEMENT INC. recommends that clients choose the structure that best suited for their needs.

Typical Clients, Fee Structures & Investment Minimum

The investment minimum for Piermont Wealth Management Inc. is $500,000, as mentioned in their Part 2 Brochure. The note about investment minimums states that the firm generally seeks to provide services to clients who have at least $500,000 in assets designated for the Registrant's management. Therefore, potential clients must have a minimum of $500,000 in assets to be eligible for Piermont Wealth Management Inc.'s investment services.

How This Office Can Help Inwood, NY Residents

Pamela Schott, a financial advisor with Thrivent, assists clients in Manitowoc, WI by providing a range of financial services to help them achieve their goals. With her extensive knowledge and experience in the field of financial planning, Pamela is able to help those living in Manitowoc navigate a variety of financial situations. Some specific financial situations that someone in Manitowoc might face include planning for retirement, managing debt, saving for college, investing in the stock market, and protecting their assets with insurance. Pamela can help clients create a customized financial plan that addresses their unique needs and goals, whether that means setting up a retirement savings account, consolidating debt, or choosing the right insurance policies. By working closely with clients to understand their financial goals and concerns, Pamela is able to provide personalized advice and guidance to help them make informed decisions about their money.

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.

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

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 100 Park Ave, New York, NY 10017, USA
Phone (888) 910-1666
Opening Hours
  • Mon 9 AM–5 PM
  • Tue 9 AM–5 PM
  • Wed 9 AM–5 PM
  • Thu 9 AM–5 PM
  • Fri 9 AM–5 PM
  • Sat Closed
  • Sun Closed
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Other Office Locations

Firm Headquarters
Firm headquarters location 48 S. SERVICE ROAD, SUITE 102, MELVILLE, NY 11747, United States

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.