Leogroup Wealth Solutions, LLC (Iselin)


Leogroup Wealth Solutions, LLC is a large advisory firm based in Iselin. It manages $422.6 million of regulatory assets for 567 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Colorado, Connecticut, and 7 other states.

Leogroup Wealth Solutions provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Leogroup Wealth Solutions: assets under management

The assets under management (AUM) of Leogroup Wealth Solutions, LLC is $422.6 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 25% since the beginning of its operation, and $880.97 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $422.6 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $745.33 thousand each.
Leogroup Wealth Solutions has custody of $481.77 thousand in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 50% of the total AUM. The second-largest asset type is exchange traded securities, which make up 26% of the firm’s portfolio. Investments in investment and business development companies form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Leogroup Wealth Solutions, 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.

What kind of clients Leogroup Wealth Solutions serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Leogroup Wealth Solutions is high net worth individuals with 73 clients and $383.39 million of assets under management. Among the 8 most similar advisory firms, Leogroup Wealth Solutions has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $422.6 million for 120 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Leogroup Wealth Solutions doesn't advise any private funds.

Careers at Leogroup Wealth Solutions, LLC

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 4 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.

Leogroup Wealth Solutions, LLC is owned by Eric Scott Katz. Llc Leogroup Holdings joined the executive team most recently as the Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Eric Scott Katz Owner/cco 1 Aug 2016 Other 4024339
Llc Leogroup Holdings Member 1 Aug 2016 50% - 75% 11-1111111
Matthew James Allain Ceo 1 Aug 2016 Other 3267821
Kenneth Francis Dugan Owner 1 Sep 2017 Other 2417378
Michael Anthony Bohlinger Owner 1 Sep 2017 Other 4621321
Jon D Rustin Cfo 1 Sep 2017 Other 6445364
Llc Leogroup Holdings Member 1 Oct 2017 75% - 100% 11-1111111
Eric Scott Katz Owner/cco 1 Oct 2017 Other 4024339
Kenneth Francis Dugan Owner 1 Oct 2017 Other 2417378
Michael Anthony Bohlinger Owner 1 Oct 2017 Other 4621321
Jon D Rustin Cfo 1 Oct 2017 Other 6445364

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Matthew James Allain Member 1 Oct 2010 75% - 100% 3267821

Based in Iselin

The principal office where Leogroup Wealth Solutions, LLC performs its advisory services is located at 100 Wood Ave South, Iselin, NJ 08830, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 732-903-2600 or by fax 732-903-2600. The normal business hours are 9:00-5:00 on Monday - Friday. You can find more information about the New York firm at leogroupllc.com.