ALTFEST PERSONAL WEALTH MANAGEMENT

RIASEC RegisteredEst. 1983
Total AUM
$1.8B
Discretionary
$1.8B
100% of AUM
Avg account
$573K
Accounts
3,139
Employees
42
Advisory reps
20

Firm details

Headquarters
New York, New York
CRD number
110130
Registered since
February 2, 1983
Website
www.altfest.com
Custodians
CHARLES SCHWAB & CO., INC., FIDELITY DISTRIBUTORS COMPANY LLC
Fee structure
Percentage of AUM, Hourly Charges, Fixed Fees
Client types
  • HNWI91.43%
  • Individuals6.62%
  • Pooled Investment Vehicles1.06%
  • Charitable Organizations0.78%
  • Corporations / Businesses0.1%
Services
Financial PlanningPortfolio Management for IndividualsPublication of Periodicals

Firm profile

FINTRX

Overview

Altfest Personal Wealth Management is an independent registered investment adviser that has been SEC-registered since 1983 and operates as a corporation. The firm serves both individual and family clients as well as institutional accounts and identifies itself as a capital allocator. Its advisory services emphasize financial planning, portfolio management for individuals and small businesses, and the publication of periodic investment commentary. Fee arrangements are a mix of percentage-of-AUM, hourly charges, and fixed fees. The firm does not identify as an active ESG investor. Altfest has been recognized in industry coverage, including a Top RIA Firms mention from FA Magazine in 2020.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Read the full firm profile in FINTRX →

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Asset composition: Public Funds/Mutual Funds 71%, Exchange Traded Equities 14%, Cash & Cash Equivalents 7%, State & Local Bonds 4%, Other 3%, Non-Exchange Traded Equities 1%, US Government Bonds 1%, Sovereign Bonds 1%, Investment Grade Corp Bonds 1%, Non-Investment Grade Corp Bonds 1%, Private Funds 1%71%
  • Public Funds/Mutual Funds71%
  • Exchange Traded Equities14%
  • Cash & Cash Equivalents7%
  • State & Local Bonds4%
  • Other3%

Owners & executives

2 of 2

  • LEWIS ALTFEST

    Chief Executive OfficerCRD 4029

  • JOHN VALENTINI

    Chief Operations Officer / Chief Compliance OfficerCRD 5794933

Contacts

3 of 18

  • Christian DiRusso

    Financial AdvisorCRD 7834371

  • WILLIAM PRENDERGAST

    Director, AdvisorCRD 4096991

  • FILIP WOLFE

    Senior Financial AdvisorCRD 5400498

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Wealth teams

FINTRX

Newly hired reps

FINTRX

Recent M&A activity

FINTRX

Recent filings

FINTRX

Awards

FINTRX

ETF holdings

1 of 182

Active vs passive

$780M in ETFs

Passive

77%

$601M

Active

22%

$179M

ETFProviderStyleCategoryValueShares% of portfolio
VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND (VTIP)VanguardPassiveShort Term Inflation Protected Bond$50.2M1,004,6386.43%
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Location

Primary office

New York, NY

NEW YORK

Location

New York, NY

Headquartered in New York, NY, anchoring the New York-Newark, NY-NJ-CT-PA metro in the Northeast.

Metro area
New York-Newark, NY-NJ-CT-PA
Region
Northeast
County
NEW YORK
Address
445 Park Ave
Time zone
ET (UTC-5)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth