Wealth manager, independent · Jericho, NY
Opal Wealth Advisors, LLC
SEC-registered investment adviser · CRD 289759 · SEC 801-114223
At a glance
Opal Wealth Advisors, LLC is an SEC-registered investment adviser based in Jericho, New York, with $1.2B in regulatory assets under management as of its Form ADV filed February 14, 2026. It reports 730 individual clients, 334 of them high-net-worth, holding an average of about $1.5 million each, and 20 employees. That ranks it 886th among the nation’s 5,657 independent wealth management RIAs and 69th of 408 in New York. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 516-388-7980opalwealthadvisors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.2B
- Rank among independent wealth managers
- #886 of 5,657
- Rank among all SEC RIAs
- #4,769 of 17,210
- Rank in New York
- #69 of 408
- Individual clients
- 730
- High-net-worth clients
- 334
- Accounts
- 2,411
- Discretionary
- 53% of AUM
- Employees
- 20
- Advisory staff
- 9
- Offices
- 1
Owners and executives on its Form ADV
- Lee A KornManaging Member and Principal
- Jesse J. GiordanoManaging Member and Principal
- Christopher H ClasenChief Operating Officer
- Jamie A. BrunoChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Opal Wealth Advisors, LLC is a hybrid RIA: 9 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed February 2026) names Purshe Kaplan Sterling Investments as the broker-dealer its advisers are registered with.
Under this arrangement, OWA’s Supervised Persons, in their individual capacities as registered representatives of Purshe Kaplan Sterling Investments, Inc.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 334 | $931M | 75% |
| Charitable organizations | – | $134M | 11% |
| Individuals | 396 | $132M | 11% |
| Corporations or other businesses | 15 | $41M | 3% |
Disciplinary disclosures
Opal Wealth Advisors, LLC 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
- Portfolio management for businesses and institutions
- Selecting other advisers
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗opalwealthadvisors.com ↗
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- Assets, accounts, clients and staff, 8 years of filings
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Similar-size RIAs in New York
All of New York →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Sgroi Wealth Advisory Group LLCWest Seneca | $1.4B | 7,647 |
| Payne Capital Management, LLCNew York | $1.3B | 964 |
| J.J. Burns & CompanyMelville | $1.3B | 617 |
| Sharpe Advisors, LLCNew York | $1.2B | 0 |
| Cooper/haims Advisors, LLCVictor | $1.2B | 519 |
| Reagan Companies Asset Management, IncSyracuse | $1.2B | 764 |
Background
Questions
How much does Opal Wealth Advisors, LLC manage?
Opal Wealth Advisors, LLC reports $1.2B in regulatory assets under management across 2,411 accounts, 53% of it on a discretionary basis, on its Form ADV filed February 14, 2026.
How many clients does Opal Wealth Advisors, LLC have?
It reports 730 individual clients: 334 high-net-worth individuals and 396 other individuals. Individuals account for about 86% of its regulatory assets.
Where is Opal Wealth Advisors, LLC headquartered?
Its main office is in Jericho, New York. It reports 1 office in total and 20 employees, 9 of whom perform investment advisory functions.
How does Opal Wealth Advisors, LLC 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 Opal Wealth Advisors, LLC use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed February 14, 2026, it reports these amounts held: Charles Schwab ($1.1B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Opal Wealth Advisors, LLC a hybrid RIA with a broker-dealer?
Opal Wealth Advisors, LLC is a hybrid RIA: 9 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Opal Wealth Advisors, LLC a fiduciary?
As an SEC-registered investment adviser, Opal Wealth Advisors, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 9 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Opal Wealth Advisors, LLC’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 (2026-02-14), 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 →