Rmr Wealth Builders, Inc. (Teaneck)

Name: Rmr Wealth Builders, Inc.
Address: 500 Glenpointe Centre West, 4 Th Floor, Suite 39, Teaneck, NJ, 07666
Telephone: (201) 836-2460

Rmr Wealth Builders, Inc. is a large advisory firm based in Teaneck. It manages $149.97 million of regulatory assets for 265 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Connecticut, and 24 other states.

Rmr Wealth Builders provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, educational seminars and workshops, and consulting engagement for specific purpose such as education funding, estate planning. It prepares financial plans for more than 10 clients. On top of advisory services, the firm also engages as business consulting (non-securities).

Rmr Wealth Builders: assets under management

The assets under management (AUM) of Rmr Wealth Builders, Inc. is $149.97 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 49% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $149.97 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $565.91 thousand each.

Investments

The firm invests in non-exchange traded securities the most. They account for 49% of the total AUM. The second-largest asset type is investment and business development companies, which make up 13% of the firm’s portfolio. Investments in other assets form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rmr Wealth Builders, Inc. 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 Edward Albert Majtenyi serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Edward Albert Majtenyi is charitable organizations with 1 clients and $97.26 million of assets under management. Among the 10 most similar advisory firms, Rmr Wealth Builders has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $149.97 million for 177 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 6% of the firm’s clients are foreign persons or businesses.

Rmr Wealth Builders doesn't advise any private funds.

Careers at Rmr Wealth Builders, Inc.

The company employs 20 people that are either part- or full-time employees. 35 percent of the employees work as investment advisers or researchers. 15 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Edward Albert Majtenyi has been acting as President since 1 Aug 1986. The Simmers Family Trust joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Douglas Richard Roth	Co-chairman	1 Aug 1986	25% - 50%	1185172
Edward Albert Majtenyi	President	1 Aug 1986	25% - 50%	1185238
Joseph James Russo	Co-chairman	1 Jan 2004	25% - 50%	3063691
Ryan Patrick Degrau	Chief compliance officer	1 Jun 2009	Other	5562538
Ryan Patrick Degrau	Vice president	1 Jul 2014	Other	5562538
James Patrick Barrett	Chief compliance officer	1 Oct 2014	Other	1069051
The Simmers Family Trust	Shareholder	1 Feb 2016	Other	xxx-xx-xxxx

Based in Teaneck

The principal office where Rmr Wealth Builders, Inc. performs its advisory services is located at 500 Glenpointe Centre West, 4 Th Floor, Suite 39, Teaneck, NJ 07666, which is also the mailing address of the firm. An additional office of the firm is in Westport, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (201) 836-2460 or by fax (201) 836-1897. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at rmrwealth.com.