Paul Lorentzen
Paul Lorentzen is a CFP-designated registered investment advisor at B. Riley Wealth Advisors, INC., based in Lake Ronkonkoma, NY, with 32 years of industry experience. Paul operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, High Net Worth, Investment Management, and 2 more. Their firm serves 17,372 clients with $7B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
B. Riley Wealth Advisors offers investment management through various programs. The Advisor-as-Portfolio Manager (APM) program allows your advisor to manage your account, potentially using outside managers. You'll pay an annual fee based on the value of your portfolio, which is negotiable up to a maximum. Transaction fees may be included or billed separately.
Third-Party Managed Programs are also available, utilizing the Envestnet platform. These programs also charge an annual fee based on the value of your portfolio, not exceeding 2.75%, which is negotiable. These programs may also be wrap fee programs.
Other third-party managed programs are available through Brinker, SEI, and AssetMark, with minimums starting at $500,000 for Brinker.
Location
500 Portion Road, Suite 4, Lake Ronkonkoma, NY, 11779
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Paul collects accounts receivable and buyout as President of Lorentzen & Trifari, CPA's, works full-time as an employee at B. Riley Wealth Tax Services, and is President of Elite Wealth Management. None of these activities are investment-related and he dedicates no time to Elite Wealth Management.
Employment History
Current Registrations
B. Riley Wealth Advisors, INC.
Previous Registrations
National Asset Management, INC.
National Securities CorporationBroker
Kovack Securities INC.Broker
Resource Horizons Group LLCBroker
Lindner Capital Advisors, INC.
The Regency Group, INC.Broker
Lindner Capital Management, INC.Broker
Allmerica Investments, INC.Broker
State Registrations1 state
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.