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, SEC-registered registered investment adviser that has been operating since 1983. The firm serves individuals, families and institutional clients and describes itself as a capital allocator. Advisory services emphasize financial planning, portfolio management for individuals and small businesses, and the publication of periodic investment commentary. Fee arrangements include percentage-of-AUM billing alongside hourly and fixed-fee options. Altfest is not positioned as an active ESG investor and reports limited multistate advisory operations. The firm was named to FA Magazine’s Top RIA Firms list in 2020.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

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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

    Lewis Altfest

    Chief Executive OfficerCRD 4029

  • John Valentini

    John Valentini

    Chief Operations Officer / Chief Compliance OfficerCRD 5794933

Contacts

3 of 18
  • Christian DiRusso

    Christian DiRusso

    Financial AdvisorCRD 7834371

  • William Prendergast

    William Prendergast

    Director, AdvisorCRD 4096991

  • Filip Wolfe

    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 174

Active vs passive

$882M in ETFs

Passive

74%

$650M

Active

22%

$232M

ETFProviderStyleCategoryValueShares% of portfolio
INVESCO NASDAQ 100 ETF (QQQM)InvescoPassiveLarge Growth$58M191,5286.58%
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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