Wealth manager, independent · New York, NY
Altfest Personal Wealth Management
L.J. Altfest & Co., Inc. · SEC-registered investment adviser · CRD 110130 · SEC 801-18320
At a glance
Altfest Personal Wealth Management is an SEC-registered investment adviser based in New York, New York, with $1.8B in regulatory assets under management as of its Form ADV filed March 4, 2026. It reports 686 individual clients, 431 of them high-net-worth, holding an average of about $2.6 million each, and 42 employees. That ranks it 615th among the nation’s 5,657 independent wealth management RIAs and 46th of 408 in New York. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity.
Main office 212-406-0850altfest.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.8B
- Rank among independent wealth managers
- #615 of 5,657
- Rank among all SEC RIAs
- #3,860 of 17,210
- Rank in New York
- #46 of 408
- Individual clients
- 686
- High-net-worth clients
- 431
- Accounts
- 3,139
- Discretionary
- 100% of AUM
- Employees
- 42
- Advisory staff
- 19
- Offices
- 2
Owners and executives on its Form ADV
- Lewis J. AltfestChief Executive Officer
- John N. ValentiniChief Operations Officer and Chief Compliance Officer
- Andrew G. AltfestPresident
- Karen C. AltfestExecutive Vice President Client Relations
Custody and brokerage
Broker-dealer
No broker-dealer ties
Altfest Personal Wealth Management reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 431 | $1.6B | 91% |
| Individuals | 255 | $119M | 7% |
| Pooled investment vehicles | 4 | $19M | 1% |
| Charitable organizations | 5 | $14M | <1% |
| Corporations or other businesses | – | $2M | <1% |
Private funds
Altfest Personal Wealth Management reports 1 private funds with $13M in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Altfest Personal Wealth Management reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Periodicals or newsletters
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗altfest.com ↗
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The full record on Altfest Personal Wealth Management
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 2,185 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in New York
All of New York →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Avestar Capital, LLCNew York | $2.1B | 170 |
| Maridea Wealth ManagementBrooklyn | $2.0B | 2,100 |
| Rockbridge Investment Management, LLCSyracuse | $1.8B | 1,518 |
| WNY Asset Management, LLCWilliamsville | $1.7B | 3,234 |
| Novem GroupRochester | $1.7B | 3,513 |
| Citrin Cooperman Wealth Management, LLCNew York | $1.7B | 51 |
Background
Questions
How much does Altfest Personal Wealth Management manage?
Altfest Personal Wealth Management reports $1.8B in regulatory assets under management across 3,139 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 4, 2026.
How many clients does Altfest Personal Wealth Management have?
It reports 686 individual clients: 431 high-net-worth individuals and 255 other individuals. Individuals account for about 98% of its regulatory assets.
Where is Altfest Personal Wealth Management headquartered?
Its main office is in New York, New York. It reports 2 offices in total and 42 employees, 19 of whom perform investment advisory functions.
How does Altfest Personal Wealth Management charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Altfest Personal Wealth Management use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity. On Schedule D of its Form ADV filed March 4, 2026, it reports these amounts held: Charles Schwab ($1.5B); Fidelity ($251M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Altfest Personal Wealth Management a hybrid RIA with a broker-dealer?
Altfest Personal Wealth Management reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Altfest Personal Wealth Management a fiduciary?
As an SEC-registered investment adviser, Altfest Personal Wealth Management owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Altfest Personal Wealth Management’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-04), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →