Omnia Family Wealth, LLC (Aventura)

Name: Omnia Family Wealth, LLC
Address: 18851 Ne 29 Th Avenue, Aventura, FL, 33180
Telephone: 305-602-9080

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.

Omnia Family Wealth: assets under management

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 firm manages $507.38 million in discretionary accounts and $76.32 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.06 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.07 million.

Omnia Family Wealth has custody of $71.4 million in cash and securities for 17 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 39% of the total AUM. The second-largest asset type is other assets, which make up 20% 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 Omnia Family Wealth, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Omnia Family Wealth serves?

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.

Careers at Omnia Family Wealth, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven Alan Wagner	Chief executive officer	1 Sep 2015	50% - 75%	825793
Michael Scott Wagner	Member	1 Sep 2015	Other	4808259
Ivan Orlando Hernandez	Member	1 Sep 2015	Other	2630822
Ivan Orlando Hernandez	Chief compliance officer	1 Mar 2017	Other	2630822
Alon Ozer	Chief investment officer	1 Aug 2018	Other	6887779

Based in Aventura

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.