Ardrossan Wealth Management is a registered investment advisor based in Long Island City, New York, founded by Dean Polites. The firm specializes in personalized wealth management for individuals, high-net-worth families, trusts, and estates. Ardrossan focuses on long-term buy-and-hold investing utilizing individual stocks, exchange-traded funds, mutual funds, real estate investment trusts, and options. The firm emphasizes fundamental analysis and tailors its services to each client's specific financial goals, risk tolerance, and time horizon. Additionally, Ardrossan provides consulting on non-investment matters such as education and retirement planning. All investment management services are provided on a non-independent, non-discretionary basis, meaning clients must approve every trade before execution.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $2.0M | 1.25% |
| $2.0M - $3.0M | 1.00% |
| $3.0M - $5.0M | 0.85% |
| $5.0M - $10.0M | 0.75% |
| $10.0M - $20.0M | 0.65% |
| $20.0M - $50.0M | 0.45% |
| $50M+ | 0.35% |
Fees are billed quarterly in arrears and are negotiable at the firm's discretion.