Ritholtz Wealth Management is based out of New York. Ritholtz Wealth Management is a large advisory firm with 3894 clients and discretionary assets under management (AUM) of $4,641,205,704 (Form ADV from 2024-08-01). Their last reported 13F filing for Q3 2024 included $3,318,143,997 in managed 13F securities
and a top 10 holdings concentration of 40.72%. Ritholtz Wealth Management's largest holding is Vanguard Total Stock Market ETF with shares held of 820,974. Whalewisdom has at least 31 13F filings
Business Description
Ritholtz Wealth Management, a limited liability company formed in New York in 2013, provides investment advisory services to individuals and various clients. The firm's principal owners include Barry Ritholtz, Joshua Brown, Kristopher Venne, and Michael Batnick, with ownership stakes ranging from 8.29% to 37.90%. Additionally, over 20 individuals hold ownership interests below 5%.
The firm does not utilize client brokerage commissions to acquire research or other products and services. Instead, it employs research and brokerage services to manage accounts under its investment discretion. This arrangement eliminates the need for the firm to incur expenses for similar services independently.
Investment Strategy
**Paragraph 1:**
The Comprehensive Portfolio Management service offers a tailored investment approach based on the client's financial situation, goals, and risk tolerance. The proposed investment portfolio may include exchange-traded funds (ETFs), mutual funds, individual stocks or bonds, and other securities. The firm also manages discretionary portfolios that follow a core asset allocation model using institutional share class mutual funds and ETFs, as well as a tactical model portfolio for complementing strategic asset allocation models.
**Paragraph 2:**
The Good Advice Automated Wealth Management service employs proprietary portfolio models implemented by the firm. Clients complete an online risk tolerance assessment and provide information about their financial goals. Based on this data, an appropriate model portfolio is selected, typically consisting of diversified ETFs, mutual funds, and equity-related index funds. Similarly, the Liftoff investment management service involves the selection of money managers to implement proprietary portfolio models. Clients complete a risk tolerance assessment and provide information about their financial goals, leading to the selection of a diversified model portfolio tailored to their specific needs.
Owners
- PULFORD, GARY, ALAN - MANAGING MEMBER
- ISOLA, DINAMARIE, ROSE - MANAGING MEMBER
- MAURO, ERIKA, CHRISTINE - MANAGING MEMBER
- RITHOLTZ, BARRY, LAWRENCE - MANAGING MEMBER
- BROWN, JOSHUA, MORGAN - MANAGING MEMBER
- FERRARO, PATRICIA, MARIE - CHIEF COMPLIANCE OFFICER & MANAGING MEMBER
- TINI, JAY, DRENNAN - MANAGING MEMBER
- DUQUESNAY, MARGARET, BLAIR - MANAGING MEMBER
- ROSEN, BRIAN, ADAM - MANAGING MEMBER
- Young, Kevin, Michael - MANAGING MEMBER
- NOVY, JONATHAN, SINGER - MANAGING MEMBER
- SWEET, WILLIAM, ALAN - MANAGING MEMBER
- VENNE, KRISTOPHER, PIERRE - MANAGING MEMBER
- KATZEN, MICHELLE, NICOLE - MANAGING MEMBER
- BATNICK, MICHAEL, HENRY - MANAGING MEMBER
- FISHMAN, JOEL, CRAIG - MANAGING MEMBER
- LAROSA, DANIEL, ROBERT - MANAGING MEMBER
- CHAIKEN, ANNA, G. - MANAGING MEMBER
- ZODTNER, PAUL, STEVEN - MANAGING MEMBER
- COULTHARD, BENJAMIN, EVERITT - MANAGING MEMBER
- LOHRIUS, MATTHEW, JAMES - MANAGING MEMBER
- Sapienza, Nicholas, Charles - MANAGING MEMBER
- PALUMBO, ALEXANDER, JAMES - MANAGING MEMBER
- KLUENDER, DYLAN - MANAGING MEMBER
- CARLSON, BENJAMIN, PATRICK - MANAGING MEMBER
- MAGGIULLI, NICHOLAS, RAY - MANAGING MEMBER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2024-09-30
Top Buys (13F)
| Name | % Change |
|---|---|
| AAPL Apple Inc | 0.16% |
| UNH UnitedHealth Group I | 0.1% |
| VONV Vanguard Russell 100 | 0.09% |
| VONG Vanguard Russell 100 | 0.08% |
| RMD ResMed Inc | 0.08% |
2024-09-30
Top Sells (13F)
| Name | % Change |
|---|---|
| MSFT Microsoft Corporatio | 0.29% |
| AMZN Amazon.com Inc | 0.19% |
| GOOGL Alphabet Inc. Class | 0.13% |
| LLY Lilly(Eli) & Co | 0.12% |
| GOOG Alphabet Inc. Class | 0.12% |
2024-09-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| VTI Vanguard Total Stock | 7.01% |
| QQQ Invesco QQQ Trust, S | 6.07% |
| IVV iShares Core S&P 500 | 6.04% |
| STIP iShares 0-5 Year TIP | 4.62% |
| AAPL Apple Inc | 3.45% |
2024-09-30
13F Activity
| Market Value | $3.32b, Prior: $3.03b |
| Inflows (Outflows) as % of Total MV | +3.6003% |
| New Purchases | 104 stocks |
| Added To | 391 stocks |
| Sold out of | 59 stocks |
| Reduced holdings in | 346 stocks |
| Top 10 Holdings % | 40.72% |
| Turnover %[1] | 17.58% |
| Turnover Alt %[2] | 2.52% |
| Time Held Top 20 | 9.45 quarters |
| Time Held Top 10 | 8.8 quarters |
| Time Held All | 9.4 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-09-30
13F Sector Allocation Over Time
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2024-09-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-09-30