Coastal Wealth Management
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$45,108,910
Clients
32
100% high-net worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
32
TypicalAverage account size
$1,409,653
About
Coastal Wealth Management is an SEC‑registered investment adviser that provides fee‑based, discretionary portfolio management to individuals, trusts, estates, and charitable organizations. As of the brochure date the firm reported about $45.1 million in discretionary assets across 32 client relationships, indicating a concentrated client base rather than a broad retail clientele and suggesting it does not target non‑high‑net‑worth individual clients.
The adviser employs a tactical allocation approach grounded in fundamental analysis and tailors portfolios to client objectives, using equities, municipal and corporate debt, U.S. government securities, and options as appropriate. Implementation includes long‑term security selection and option writing (including covered and spread strategies), with occasional use of cash positions as a hedge and discretionary rebalancing to address risk or capitalize on opportunities.
A distinctive operational feature is that the firm charges performance‑based fees and discloses no hurdle rate or high‑water mark, an uncommon fee arrangement among independent advisers. The firm also manages a related private fund at the same location, has procedures to halt trading for 30 days if material non‑public information is encountered, and does not accept proxy‑voting responsibilities for client securities.
Client services
Financial planning
Portfolio management
Expertise
Options & derivatives strategies
Active portfolio management
Fee options
Up to 2.00% per annum (negotiable, depending on strategy complexity and account size)
Performance-based fees charged; no hurdle rate nor high-water mark.
Fee-only: Annual management fee up to 2.00% per annum, payable monthly in advance, based on market value of portfolio assets.
Main office location
Coastal Wealth Management
85 Broad Street, 18 Th Floor
New York NY 10004, United States
Number of offices
3
Most active in
Coastal Wealth Management has reported serving >5 clients in these states in the last 12 months.
California · Connecticut · New Jersey · New York
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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