New Wave Financial Services provides financial planning, portfolio management for individuals and small businesses, and selecting other managers. Financial planning was provided to 51–100 clients last fiscal year.
New Wave Financial Services reports 69 clients. They include 50 high-net-worth individuals and 19 individual clients. Of its assets, 100.0% ($122M across 234 accounts) are managed with discretion. It advised 4 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 28% | 5% |
| High-net-worth individuals | 72% | 95% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 19 | $6.53M | 5.4% | $344K |
| High-net-worth individuals | 50 | $115M | 94.6% | $2.3M |
| Total | 69 | $122M | 100% | $1.76M |
- Clients
- 19
- Regulatory AUM
- $6.53M
- AUM share
- 5.4%
- Avg. per client
- $344K
- Clients
- 50
- Regulatory AUM
- $115M
- AUM share
- 94.6%
- Avg. per client
- $2.3M
Total
- Clients
- 69
- Regulatory AUM
- $122M
- AUM share
- 100%
- Avg. per client
- $1.76M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 4
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
New Wave Financial Services charges 0.25%–0.35% a year for its Ongoing Financial Advising. The fee is billed in arrears and is not negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Standalone Financial Planning
- Standalone financial planning is a fixed fee generally from $899 to $6,000 by complexity, and ad hoc services are $400 per hour.
Gregory Meyer owns 75% or more of New Wave Financial Services. The leadership team of New Wave Financial Services includes Chief Compliance Officer Gregory Meyer. It has 1 employee.
Staff
- 1 employee
- 1 in advisory functions
- 1 state-registered rep
- Owns 75% or more of New Wave Financial Services, LLC
Gregory Meyer
Control person · since September 2014
Besides its headquarters, New Wave Financial Services has 0 offices, with 1 listed address with no US state reported.
Contact and registration details
- Legal name
- New Wave Financial Services, LLC
- Headquarters
- Not reported
- Website
- newwavefs.com
- Phone
- 213-316-8641
- SEC file
- 801-134729
- Structure
- California LLC
- Fiscal year end
- December
New Wave Financial Services’ named custodians for separately managed accounts are Altruist ($90.3M, 74%), Charles Schwab ($16M, 13%) and MTG ($15.3M, 13%). New Wave Financial Services does not have custody of client assets.
- MTGMTG, LLC · New York, NY · $15.3M13%
- AltruistAltruist Financial LLC · Culver City, CA · $90.3M74%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $16M13%
At year end, New Wave Financial Services’ separately managed accounts were mostly in funds (91%).
What the accounts hold
- Stocks6%
- Funds91%
- Cash3%
How many clients does New Wave Financial Services have?
New Wave Financial Services has 69 clients and manages $122 million for them, as of February 2026. They include 50 high-net-worth individuals and 19 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 4 February 2026
What services does New Wave Financial Services offer?
New Wave Financial Services provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does New Wave Financial Services charge?
New Wave Financial Services charges 0.25%–0.35% a year for its Ongoing Financial Advising. The fee is billed in arrears and is not negotiable.
Which custodians does New Wave Financial Services use?
New Wave Financial Services’ separately managed account assets are held at Altruist Financial LLC (Culver City, CA), with $90.3M, Charles Schwab & Co., Inc. (San Francisco, CA), with $16M and MTG, LLC (New York, NY), with $15.3M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 February 2026
How many financial advisors does New Wave Financial Services have?
New Wave Financial Services has 1 investment adviser representative registered with state securities authorities, out of 1 employees, and 1 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 New Wave Financial Services invest in?
At the end of its last fiscal year, New Wave Financial Services’ separately managed accounts held 91% registered funds (mutual funds, ETFs, BDCs), 6% exchange-traded equities and 3% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns New Wave Financial Services?
New Wave Financial Services’ direct owner is Gregory Meyer (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 4 February 2026
How does New Wave Financial Services get paid?
New Wave Financial Services is paid through a percentage of assets under management, hourly charges and fixed fees. 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
How do I contact New Wave Financial Services?
Its phone number is 213-316-8641. Its website is newwavefs.com.