NEW WAVE WEALTH ADVISORS

RIASEC RegisteredEst. 2022
Total AUM
$387M
Discretionary
$387M
100% of AUM
Avg account
$308K
Accounts
1,256
Employees
7
Advisory reps
6

Firm details

Headquarters
Springdale, Arkansas
CRD number
323414
Registered since
October 25, 2022
Custodians
CHARLES SCHWAB & CO., INC.
Fee structure
Percentage of AUM
Client types
  • HNWI71.63%
  • Individuals27.46%
  • Pension & Profit Sharing Plans0.65%
  • Corporations / Businesses0.26%
Services
Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

New Wave Wealth Advisors is an independent, SEC-registered registered investment adviser that began registration in 2022 and operates as a limited liability company owned by an individual. The firm manages client relationships on a percentage-of-AUM fee basis and serves both high-net-worth individuals and families as well as institutional clients. Its advisory services include comprehensive financial planning, discretionary portfolio management for individuals, small businesses and institutions, pension consulting, and the selection of outside advisers. The firm identifies as a capital allocator and is not positioned as an active ESG investor.

Assets & Accounts

Public Holdings

Investments & Alternatives

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: Exchange Traded Equities 82%, Other 8%, Cash & Cash Equivalents 4%, Investment Grade Corp Bonds 2%, Public Funds/Mutual Funds 2%, US Government Bonds 1%, Private Funds 1%82%
  • Exchange Traded Equities82%
  • Other8%
  • Cash & Cash Equivalents4%
  • Investment Grade Corp Bonds2%
  • Public Funds/Mutual Funds2%

Contacts

3 of 6
  • KELLY PENN

    Investment SpecialistCRD 4183432

  • CALEB SMITH

    Senior Vice President, Senior Client AdvisorCRD 5728866

  • TOMEK SIWIEC

    Senior Vice President, Senior Client AdvisorCRD 4875171

Unlock 3 more contacts

Wealth teams

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Newly hired reps

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Recent M&A activity

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Recent filings

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Awards

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ETF holdings

1 of 93

Active vs passive

$240M in ETFs

Passive

84%

$201M

Active

13%

$38.6M

ETFProviderStyleCategoryValueShares% of portfolio
ISHARES US AEROSPACE & DEFENSE ETF (ITA)BlackRockPassiveIndustrials$10.4M47,3864.32%

Location

Primary office

Springdale, AR

WASHINGTON

Location

Springdale, AR

Headquartered in Springdale, AR, in the South of the United States.

Region
South
County
WASHINGTON
Address
4403 S Thompson St
Time zone
CT (UTC-6)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth