Westchester Wealth Management

As a registered investment adviser, the firm holds a formal fiduciary duty to its clients under the Investment Advisers Act of 1940. This means it must place client interests ahead of its own and disclose any material conflicts — a legal standard that exceeds the suitability obligations governing broker-dealers. Its fee-only structure removes commission-based conflicts.

The firm employs a core-and-satellite asset allocation strategy designed around after-tax returns. Portfolios lean heavily on low-cost passive ETFs for core equity exposure, complemented by individually selected municipal bonds and dividend-paying equities. The draw for New York-based clients is the deliberate tax-location of assets across taxable and retirement accounts.

No. As a registered investment adviser, the firm is required to use an independent qualified custodian — typically a large platform such as Charles Schwab or Fidelity — to hold client assets. This separation provides a layer of investor protection, as statements come directly from the custodian and holdings can be verified independently.

The firm charges a fee based on a percentage of assets under management, consistent with the fee-only RIA model. This structure aligns its revenue with portfolio performance rather than product sales or transaction volume. Exact fee schedules are disclosed in its Form ADV Part 2A, which the firm is required to offer clients annually.

There is no publicly observable succession plan or junior partner track at Westchester Wealth Management. For clients with multi-decade investment horizons, this represents a concentration risk: the continuity of the advisory relationship depends on the career longevity of its unnamed founding principal. In due-diligence conversations, an allocator would typically request the written continuity and succession agreement.