Route 20 Private Wealth Inc. logo

Route 20 Private Wealth Inc.

Updated today

Client assets under management

$78,265,334

Clients

73

0% high-net worth

Advisors

2

of 6 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

37

Low

Average account size

$1,072,128

About

Route 20 Private Wealth Inc. provides investment advisory and financial planning services primarily to individual (non–high-net-worth) clients and to pension and profit-sharing plans, serving in a fiduciary capacity. The firm delivers continuous portfolio management and retirement-plan consulting (typically as an ERISA 3(21) adviser) and includes financial planning as part of its services at no additional charge.

Rte 20 manages client accounts mostly on a discretionary basis and uses a mix of analysis (charting, fundamental and technical) and strategies ranging from buy-and-hold to short-term trading and short selling. Unusually for a two-advisor firm, it also acts as a subadviser to an ETF and provides portfolio management for pooled investment vehicles.

Compared with peers, Rte 20 is notable for its involvement with investment companies and pooled vehicles despite modest regulatory assets under management (~$83.5 million) and a small advisory team, a combination that is statistically uncommon. The firm does not charge performance-based fees to its advisory clients under its standard agreements, but its role as general partner of a private fund gives it a separate performance-linked economic interest (carried interest) that prospective clients may want to consider.

Client services

Portfolio management

Expertise

Wealth management Passive / index investing

Fee options

Percentage

$0 - $1,000,000: 2.00% annually maximum total advisory fee (negotiable) N/A - N/A: Tiered fees may apply, with lower percentages on assets above certain levels (specific tiers not fully detailed) $0 - $1,000,000: 0.50% per annum (retirement plan advisory services) $1,000,001+: 0.40% per annum (retirement plan advisory services)

Commissions

Mr. Weitz receives commissions for insurance products sold; insurance commissions are separate from advisory fees

Other

Account minimum: $25,000 Fee-only: Negotiable advisory fees up to a maximum of 2% annually; no additional fees for financial planning services

Main office location

Route 20 Private Wealth Inc.

500 East Broward Boulevard Suite 900

Fort Lauderdale FL 33394, United States

Number of offices

2

Most active in

Florida

Disclosures

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

Business activities & affiliations

Advisors at this firm

user avatar

Michelle B

Series 65

Fort Lauderdale, FL

Route 20 Private Wealth Inc.

Michelle Blouin is a financial advisor at Route 20 Private Wealth Inc. with three years of industry experience. She holds a Series 65 designation and has worked at several related firms, including Fortitude Advisory Group and Randstad. Route 20 Private Wealth Inc. provides investment advisory and financial planning services to individuals, pension and profit-sharing plans, charitable organizations, and business entities. The firm manages client portfolios using a variety of strategies and serves as subadviser to an exchange-traded fund, distinguishing itself with its operational roles in pooled investment vehicles.

Wealth management Passive / index investing
user avatar

Peter W

Series 66

Fort Lauderdale, FL

Route 20 Private Wealth Inc.

Peter Weitz is a Series 66-licensed financial advisor with 22 years of industry experience. He is currently with Route 20 Private Wealth Inc., where he has worked since 2024. Prior to this, he held roles at Weitz Financial Group, Fortitude Advisory Group, and several other firms. Outside of advisory work, Mr. Weitz is involved in a wine import business, J Street Imports, which distributes European wines in the U.S. Route 20 Private Wealth Inc. offers investment advisory and financial planning services to individuals, pension and profit-sharing plans, charitable organizations, and business entities. The firm manages portfolios using a range of strategies informed by fundamental and technical analysis, serves as subadviser to an exchange-traded fund, and acts as general partner of a private equity partnership.

Wealth management Passive / index investing
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