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Craft Wealth Management LLC

Updated today

Client assets under management

$10,347,669

Clients

63

0% high-net worth

Advisors

4

of 4 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

16

Very Low

Average account size

$164,249

About

Craft Wealth Management LLC is a state-registered advisory firm that manages approximately $10.7 million for about 63 clients and operates with a four-person advisory team. The firm serves individuals (including high-net-worth clients), pension and profit-sharing plans, trusts, estates, charitable organizations, and corporations, providing discretionary and non-discretionary portfolio management services.

The firm’s stated investment work draws on a mix of technical and fundamental methods — including charting, cyclical and fundamental analysis — and it may employ strategies such as long- and short-term trading, margin, options writing, and short selling. The brochure discloses that the firm may use derivatives and engage in short-term trading where suitable, and it offers clients a choice of custodians including its affiliate or third-party clearing firms.

Compared with many peers, CWM is affiliated with a broker-dealer (Craft Capital Management, LLC) and discloses arrangements whereby affiliated brokerage and clearing relationships (including clearing through RBC) may be recommended for clients; associated persons may also be registered representatives or licensed insurance agents and could receive separate commission-based compensation. These affiliated relationships, combined with the firm’s willingness to use margin, options and other derivative strategies, are notable distinctions relative to typical team firms.

Client services

Portfolio management Selection of other advisers

Expertise

Active portfolio management Options & derivatives strategies

Fee options

Percentage

$0 - $249,999: Up to 2.50% annually $250,000 - $499,999: Up to 2.40% annually $500,000 - $999,999: Up to 2.25% annually $1,000,000+: Up to 1.95% annually

Other

Account minimum: $5,000 Minimum fee: $60 annual non-refundable account maintenance fee

Main office location

Craft Wealth Management LLC

377 Oak Street, Lower Concourse

Garden City NY 11530, United States

Number of offices

1

Most active in

Louisiana · New York

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Quick links

Advisors at this firm

user avatar

Richard R

Series 63, Series 66

Garden City, NY

Craft Wealth Management LLC

Richard Rizzuto is a financial advisor with Craft Wealth Management LLC in Garden City, NY, holding Series 63 and Series 66 licenses and possessing 32 years of industry experience. He has served as a board member of the National Investment Banking Association (NIBA) since 2017, focusing on member recruitment. Craft Wealth Management provides discretionary and non-discretionary portfolio management and investment advice to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations, and other business entities. The firm employs a combination of fundamental, technical, and cyclical analysis with both long- and short-term strategies, including options trading and short selling, and regularly monitors and rebalances client accounts.

Active portfolio management Options & derivatives strategies
user avatar

Stephen K

Series 63, Series 65

Garden City, NY

Craft Wealth Management LLC

Stephen Kiront is a financial advisor at Craft Wealth Management LLC with 34 years of industry experience. He holds Series 63 and Series 65 licenses and has been associated with Craft Wealth Management since 2015. Kiront also serves as president and co-owner of a non-investment administrative company, Jobast Holding Inc. Craft Wealth Management provides discretionary and non-discretionary portfolio management and investment advice to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations, and other business entities. The firm employs a combination of fundamental, technical, and cyclical analysis and uses both long- and short-term strategies, including options trading, short selling, and margin when appropriate.

Active portfolio management Options & derivatives strategies
user avatar

Barry K

Series 63, Series 65

Garden City, NY

Craft Wealth Management LLC

Barry Kiront is a financial advisor at Craft Wealth Management LLC in Garden City, NY, holding Series 63 and Series 65 licenses with 32 years of industry experience. He has been with Craft Wealth Management since 2015 and is also involved with related entities including Craft Asset Holdings LLC and Advanced Capital Management LLC. Outside of advisory roles, Kiront serves as Vice President and backup administrator for Jobast Holding Inc., a non-investment related entity. Craft Wealth Management provides discretionary and non-discretionary portfolio management and investment advice to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations, and other business entities. The firm employs a combination of fundamental, technical, and cyclical analysis with both long- and short-term strategies, including options trading, short selling, and margin, and manages approximately $9.18 million in assets across about 58 client relationships.

Active portfolio management Options & derivatives strategies
user avatar

Scott W

Series 63, Series 66

Garden City, NY

Craft Wealth Management LLC

Scott Werling is a financial advisor at Craft Wealth Management LLC in Garden City, NY, with 26 years of industry experience. He holds Series 63 and Series 66 licenses. Outside of finance, he is a partner in Rollin In The Dough Wood Burning Pizza LLC, a mobile food service business. Craft Wealth Management provides portfolio management and investment advice to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations, and other business entities. The firm employs a variety of analytical approaches and strategies, including options trading and short selling, and manages approximately $9.18 million in assets across about 58 client relationships.

Active portfolio management Options & derivatives strategies
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