Alteri Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, education planning, estate planning, insurance, retirement plan services, and tax planning. Financial planning was provided to 26–50 clients last fiscal year.
Alteri Wealth reports 350 clients. They include 308 individual clients, 20 high-net-worth individuals, and 15 corporations and other businesses. Of its assets, 96.0% ($543M across 1,244 accounts) are managed with discretion; $22.8M across 100 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 88% | 54% |
| High-net-worth individuals | 6% | 44% |
| Pension and profit-sharing plans | 1% | <1% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | 4% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 308 | $303M | 53.5% | $984K |
| High-net-worth individuals | 20 | $247M | 43.7% | $12.4M |
| Pension and profit-sharing plans | 5 | $4.15M | 0.7% | $829K |
| Charitable organizations | 2 | $1.32M | 0.2% | $662K |
| Corporations and other businesses | 15 | $10.2M | 1.8% | $683K |
| Total | 350 | $566M | 100% | $1.62M |
- Clients
- 308
- Regulatory AUM
- $303M
- AUM share
- 53.5%
- Avg. per client
- $984K
- Clients
- 20
- Regulatory AUM
- $247M
- AUM share
- 43.7%
- Avg. per client
- $12.4M
- Clients
- 5
- Regulatory AUM
- $4.15M
- AUM share
- 0.7%
- Avg. per client
- $829K
- Clients
- 2
- Regulatory AUM
- $1.32M
- AUM share
- 0.2%
- Avg. per client
- $662K
- Clients
- 15
- Regulatory AUM
- $10.2M
- AUM share
- 1.8%
- Avg. per client
- $683K
Total
- Clients
- 350
- Regulatory AUM
- $566M
- AUM share
- 100%
- Avg. per client
- $1.62M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
Alteri Wealth charges up to 1.50% a year for its Investment Management Services. The fee is billed in advance or in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Estate Planning Services
- Estate planning is a flat fee agreed in the client's written agreement, based on the planning needs and complexity of the service.
Michelle Gruber owns 50% to 75% of Alteri Wealth. The leadership team of Alteri Wealth includes Chief Operating Officer Veronica Hoy and Chief Compliance Officer Roseann Higgins. It has 7 employees, 3 of them in advisory roles.
Leadership
- Veronica HoyChief Operating Officer
- Roseann HigginsChief Compliance Officer
- Michelle GruberFounding Member and Manager
- Alex MarkowitzFounding Member and Manager
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 7 employees
- 3 in advisory functions
- 3 state-registered reps
- 3 broker-dealer reps
- 3 insurance agents
- Owns 50% to 75% of Alteri Wealth LLC
Michelle Gruber
Control person · since May 2024
- Owns 50% to 75% of Alteri Wealth LLC
Alex Markowitz
Control person · since May 2024
Alteri Wealth’s regulatory assets fell from $657M (July 2024) to $566M (June 2026); clients rose from 226 to 350 and employees were 7 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| June 2026 | $566M | 350 | 7 | 1 |
| May 2025 | $771M | 366 | 7 | 1 |
| July 2024 | $657M | 226 | 7 | 1 |
Besides its headquarters, Alteri Wealth has 0 offices, with 1 listed address in California.
California · 1 listed address
- 4195 East Thousand Oaks BLVD., Suite 250, Westlake VillageHQ
Contact and registration details
- Legal name
- Alteri Wealth LLC
- Headquarters
- 4195 East Thousand Oaks BLVD., Suite 250, Westlake Village, CA 91362
- Website
- alteriwealth.com
- Phone
- 805-809-0400
- @alteri-wealth
- SEC file
- 801-130234
- Structure
- Delaware LLC
- Fiscal year end
- December
Alteri Wealth has custody of $15.9M in client assets for 45 clients.
At year end, Alteri Wealth’s separately managed accounts were mostly in stocks (57%) and funds (26%). Its reported 13F holdings for the quarter ended 30 June 2026 total $362M across 296 positions; the largest are Apple Inc. (6.1%), Nvidia Corporation (6.0%) and Intel Corp. (4.6%).
What the accounts hold
- Stocks57%
- Funds26%
- Bonds11%
- State and local bonds8%
- U.S. government and agency bonds2%
- Investment grade corporate bonds1%
- Cash2%
- Other3%
- Variable annuities3%
Filed values cover 99%. The neutral 1% gap has no reported category.
Reported 13F holdings
- $362M
- Reported 13F value
- 296
- Positions
- 34.0%
- In the 10 largest
- +17.3%
- Value vs. prior quarter
- Apple Inc.6.1%
- Nvidia Corporation6.0%
- Intel Corp.4.6%
- Broadcom Inc.4.2%
- Alphabet Inc. Cap Stk CL A2.8%
- Walmart Inc.2.5%
- Exxonmobil Holdings Corp. Com Shs2.1%
- Microsoft Corp.2.1%
- Amazon Com Inc.2.1%
- JPMORGAN Chase & CO1.4%
Together, the ten largest are 34.0% of reported value.
How many clients does Alteri Wealth have?
Alteri Wealth has 350 clients and manages $566 million for them, as of June 2026. They include 308 individual clients, 20 high-net-worth individuals, and 15 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 June 2026
What services does Alteri Wealth offer?
Alteri Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, education planning, estate planning, insurance, retirement plan services, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Alteri Wealth charge?
Alteri Wealth charges up to 1.50% a year for its Investment Management Services. The fee is billed in advance or in arrears and is negotiable.
Source: ALTERI WEALTH LLC ADV PART 2A 06-01-2025, filed 22 June 2026
How many financial advisors does Alteri Wealth have?
Alteri Wealth has 3 investment adviser representatives registered with state securities authorities, out of 7 employees, and 3 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 3 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Alteri Wealth invest in?
At the end of its last fiscal year, Alteri Wealth’s separately managed accounts held 57% exchange-traded equities, 26% registered funds (mutual funds, ETFs, BDCs), 8% state and local bonds, 3% other, 2% U.S. government and agency bonds, 2% cash and equivalents and 1% investment grade corporate bonds. The 3% other category is described as: Variable Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Alteri Wealth?
Alteri Wealth’s direct owners are Michelle Gruber (50% to 75%) and Alex Markowitz (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 24 June 2026
How does Alteri Wealth get paid?
Alteri Wealth is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Alteri Wealth registered with the SEC?
Yes, Alteri Wealth has been registered with the SEC as an investment adviser since 23 May 2024. Its CRD number is 331100 and its SEC file number is 801-130234.
Source: Form ADV Part 1A, Item 1, filed 24 June 2026; IAPD firm record
How do I contact Alteri Wealth?
Alteri Wealth’s main office is at 4195 East Thousand Oaks BLVD., Suite 250, Westlake Village, CA 91362. Its phone number is 805-809-0400. Its website is alteriwealth.com.