Omnia Family Wealth, LLC is a large advisory firm based in Aventura. It manages $583.7 million of regulatory assets for 551 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Florida, New York, and North Carolina.
Omnia Family Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.
The assets under management (AUM) of Omnia Family Wealth, LLC is $583.7 million. The firm's AUM has grown by 159% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Omnia Family Wealth, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Omnia Family Wealth is high net worth individuals with 59 clients and $529.81 million of assets under management. Among the 7 most similar advisory firms, Omnia Family Wealth has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $583.7 million for 64 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.
Omnia Family Wealth also advises several private funds. Namely, one hedge fund.
The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 5 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.
Alon Ozer has served as the Chief Investment Officer since 1 Aug 2018 and Steven Alan Wagner is the Chief Executive Officer of Omnia Family Wealth, LLC family office. Ivan Orlando Hernandez joined the executive team most recently as the Chief Compliance Officer.
The principal office where Omnia Family Wealth, LLC performs its advisory services is located at 18851 Ne 29 Th Avenue, Aventura, FL 33180, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 305-602-9080 or by fax 305-602-9090. The normal business hours are 8:30am-5:00pm on Monday - Friday. You can find more information about the New York firm at omniawealth.com.