Pariter Wealth Management Group LLC (Guaynabo)

Name: Pariter Wealth Management Group LLC
Address: 243 Carretera #2, Guaynabo, PR, 00966 1915
Telephone: 787-781-2555

Pariter Wealth Management Group LLC is an adviser based in Guaynabo. It manages $41.21 million of regulatory assets for 144 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Florida, Massachusetts, Puerto Rico, and Texas.

Pariter Wealth Management Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pariter Wealth Management Group: assets under management

The assets under management (AUM) of Pariter Wealth Management Group LLC is $41.21 million. The firm's AUM has grown by 20% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $37.93 million in discretionary accounts and $3.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $267.13 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.64 million.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is other assets, which make up 39% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pariter Wealth Management Group LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Francisco Jose Rivera serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Francisco Jose Rivera is individuals with 32 clients and $12.81 million of assets under management. Among the 1 most similar advisory firms, Pariter Wealth Management Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $33.6 million for 133 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.

Pariter Wealth Management Group doesn't advise any private funds.

Careers at Pariter Wealth Management Group LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Francisco Jose Rivera has been acting as President since 1 Feb 2008. Eduardo Sotomayor Alamo joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Francisco Jose Rivera	President	1 Feb 2008	75% - 100%	2303039
Braulio Luis Nieves	Chief compliance officer	1 Feb 2008	Other	4314517
Javier Fernando Reyes	Vice president	1 Feb 2008	Other	3014365
Eduardo Sotomayor Alamo	Chief compliance officer	1 Mar 2016	Other	4479048

Based in Guaynabo

The principal office where Pariter Wealth Management Group LLC performs its advisory services is located at 243 Carretera #2, Guaynabo, PR 00966 1915 The mailing address of the firm is P.O. Box 11852, San Juan, PR 00922 1852. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 787-781-2555 or by fax 787-781-2612. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at pariterwmg.com.