Wernau Asset Management

Overview

Peter Wernau established Wernau Asset Management in 2004 as a registered investment adviser in Gloucester, Massachusetts. The firm operates as a boutique wealth manager serving individuals, high-net-worth families, trusts, and various entities, with a focus on discretionary asset management and integrated financial planning. The practice is built on a fiduciary model that separates it from the brokerage and wirehouse channels dominating New England's coastal wealth corridors. The firm constructs discretionary portfolios tailored to client-specific goals rather than pushing proprietary funds or model-driven allocations. Asset-class exposure typically spans equities, fixed income, and cash or cash-equivalent instruments, with individual security selection driving the equity sleeve. Geographic concentration skews toward the North Shore of Massachusetts and greater Boston. The firm's professional headcount and assets under management are not publicly disclosed, a common posture for boutique RIAs that file as state-registered rather than SEC-registered advisers. Wernau Asset Management has not launched adjacent vehicles, philanthropic foundations, or co-investment structures. No operational event from the last 24 months is verifiable from public records. The office remains rooted in Gloucester, Massachusetts, serving a concentrated local client base. Peter Wernau operates a single-principal structure with no publicly named succession plan or junior partners, which creates a key-person concentration — an increasingly relevant governance concern for aging client rosters at solo-adviser RIAs. This architecture contrasts with roll-up platforms and multi-partner firms that dominate the wealth management consolidation cycle across New England. WERNAU ASSET MANAGEMENT was listed as registered with the SEC in the IAPD firm compilation observed on 2026-10-22. In Form ADV filed on 2026-02-04, it reported 2 employees; 225 advisory accounts; services including Financial planning, Portfolio management for businesses and institutional clients, Portfolio management for individuals and small businesses; client categories including Charitable organizations, High net worth individuals, Individuals (other than high net worth individuals); compensation arrangements including A percentage of assets under management, Fixed fees, Hourly charges. These are dated adviser-reported facts, not independently verified by Altss. Registration does not constitute approval or endorsement. This historical filing does not establish current registration status or operations.