Empirical Wealth management

Empirical Wealth Management provides fee-based, discretionary and non-discretionary investment management, financial planning, tax preparation, retirement and pension consulting, and insurance planning to a mix of individual, high‑net‑worth, corporate, trust, pension and pooled‑fund clients. The firm operates at enterprise scale (roughly $8.4 billion in assets under management and about 64 advisors) and also sponsors a wrap‑fee program and a private pooled vehicle for accredited investors.

Investment decisions are guided by a Modern Portfolio Theory framework, typically incorporating 12–21 asset classes and a mix of mutual funds, ETFs and, for larger accounts, individual securities; Empirical begins most engagements with a comprehensive financial plan and offers account aggregation and portfolio recommendations for outside retirement accounts. The firm manages both model portfolios (including targeted equity and credit strategies) and the Empirical Alternative Income Fund, LP, which focuses on non‑traditional, income‑generating investments intended to be less correlated to public markets.

Empirical’s corporate structure includes several notable in‑house affiliates that distinguish it from many peers: a real estate brokerage (Empirical Properties) that provides residential services, client rebates applied against advisory fees, and agent compensation arrangements; a wholly owned insurance subsidiary that earns commissions on product sales; and a law‑firm affiliation used for client estate‑planning referrals (involving a minority owner and some supervised persons who are licensed attorneys). These integrated service offerings and disclosed referral/compensation arrangements are highlighted in the firm’s brochure and are accompanied by conflict‑of‑interest disclosures and policies.