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The Wealth Alliance
The firm opened in 2018 under CEO Robert Conzo, an industry veteran who previously spent more than two decades building advisory practices at major wirehouses.
The Wealth Alliance
The firm opened in 2018 under CEO Robert Conzo, an industry veteran who previously spent more than two decades building advisory practices at major wirehouses. The Wealth Alliance was designed from inception as a boutique advisory, not a broker-dealer, giving its advisors full discretion over client portfolios. Its client base skews toward Long Island-based business owners, multi-generational families, and retirement plans who sought an independent fiduciary after the waves of consolidation among regional banks and national wealth managers. The Wealth Alliance constructs multi-asset-class portfolios spanning equities, fixed income, and private alternative investments. The public-markets exposure is built primarily through exchange-traded funds and individual securities, while the alternatives sleeve includes private credit, real estate, and private equity funds sourced from established managers. The firm’s geographic footprint is concentrated in the New York metropolitan area, specifically serving families and businesses on Long Island, with additional reach into the tristate region through referrals from the accounting and legal communities. The firm operates from a single office in Melville, New York. Since 2023, The Wealth Alliance has worked to formalize its alternative-investment access by building relationships with a broader set of institutional fund managers—an infrastructure shift that its leadership has described as a multi-year effort to bring pension-grade manager selection to its private-wealth clients. Team size and total assets under management remain undisclosed in public records. The structural distinction for The Wealth Alliance lies in its deliberate independence from a wirehouse or bank parent. Unlike advisors who operate under a corporate brand, the firm carries its own ADV filings, acts as its own fiduciary, and maintains custody relationships independently—giving partners full control over manager selection, fee architecture, and the absence of proprietary-product conflicts. For families navigating a consolidating wealth-management landscape, that independence is the core architectural choice that defines how the firm competes for and retains relationships.
General information
Firm type
Bank / Wealth / Trust
Year founded
2018
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Melville
Corporate office
Melville, NY, United States
Frequently asked questions
Who runs investment decisions at The Wealth Alliance?
Robert Conzo serves as CEO and leads the firm's investment approach. Conzo built his career over more than two decades at major wirehouse advisory practices before founding The Wealth Alliance as an independent fiduciary. The firm operates a centralized investment committee that sets portfolio strategy and vets the outside managers and funds used across client accounts.
Does The Wealth Alliance operate as a broker-dealer or a discretionary fiduciary?
The Wealth Alliance functions as a discretionary investment advisor, not a broker-dealer. This means the firm carries its own ADV filings, acts as its own fiduciary, and maintains independent custody relationships. The firm constructs and manages portfolios on behalf of clients rather than executing directed trades, a structure that eliminates proprietary-product requirements common at bank-affiliated wealth managers.
What types of clients does the firm typically serve?
The advisory practice was built around high-net-worth individuals, multi-generational families, and closely held business owners, predominantly in the New York metropolitan area. The firm also advises trusts, estates, retirement plans, and institutional accounts. Its geographic concentration rests heavily on Long Island, where founding relationships with the local accounting and legal community provide a steady referral base.
Does The Wealth Alliance offer access to private alternative investments?
Yes. The firm constructs portfolios that include a sleeve of private alternative investments—private equity, private credit, and real estate funds—sourced from established institutional managers. Since 2023, leadership has described a multi-year effort to formalize and expand its alternative-investment platform with the goal of bringing deeper institutional manager access to its private-wealth client base.
How does the firm construct its public-market portfolios?
The Wealth Alliance primarily uses exchange-traded funds and individual securities for equity and fixed-income exposure. The firm's investment committee sets the strategic asset allocation and then implements it through a combination of passive and active vehicles, adjusting the mix based on macro conditions and individual client objectives rather than adhering to a single model portfolio.
Is The Wealth Alliance affiliated with a bank or larger wealth-management platform?
No. The firm was founded in 2018 as an independent advisory practice and remains unaffiliated with any bank, wirehouse, or aggregator platform. That independence is the firm's principal structural choice—it owns its compliance infrastructure, controls its fee schedule, and carries no obligation to distribute a parent company's proprietary investment products.
Where does the firm maintain its office?
The Wealth Alliance operates from a single headquarters in Melville, New York, on Long Island. The location serves as the hub for its client advisory work, portfolio management, and operations. There is no public record of additional offices, and the firm's client base and referral networks are concentrated in the New York metropolitan region.
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