Papamarkou Wellner Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, selecting other managers, and publishing newsletters. The firm advises 1 private fund.
Papamarkou Wellner Asset Management reports 109 clients. They include 96 high-net-worth individuals, 11 corporations and other businesses, and 1 pooled investment vehicle. Of its assets, 68.6% ($245M across 82 accounts) are managed with discretion; $112M across 26 accounts are not. Of its clients, 9% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 88% | 90% |
| Pooled investment vehicles | <1% | 4% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | 10% | 5% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 96 | $322M | 90.1% | $3.36M |
| Pooled investment vehicles | 1 | $14.2M | 4.0% | $14.2M |
| Charitable organizations | Fewer than 5 | $3.02M | 0.8% | $3.02M |
| Corporations and other businesses | 11 | $18.1M | 5.1% | $1.65M |
| Total | 109 | $358M | 100% | — |
- Clients
- 96
- Regulatory AUM
- $322M
- AUM share
- 90.1%
- Avg. per client
- $3.36M
- Clients
- 1
- Regulatory AUM
- $14.2M
- AUM share
- 4.0%
- Avg. per client
- $14.2M
- Clients
- Fewer than 5
- Regulatory AUM
- $3.02M
- AUM share
- 0.8%
- Avg. per client
- $3.02M
- Clients
- 11
- Regulatory AUM
- $18.1M
- AUM share
- 5.1%
- Avg. per client
- $1.65M
Total
- Clients
- 109
- Regulatory AUM
- $358M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 9%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
Papamarkou Wellner Asset Management is paid through a percentage of assets under management, performance-based fees and other compensation. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Karl Wellner owns 75% or more of Papamarkou Wellner Asset Management. The leadership team of Papamarkou Wellner Asset Management includes President Thorne Perkin, Chief Financial Officer Dmitriy Rutitskiy and Chief Compliance Officer Bryon Lyons. It has 11 employees.
Staff
- 11 employees
- 11 in advisory functions
- 8 broker-dealer reps
- 1 soliciting firm
- Owns 75% or more of Papamarkou Wellner Asset Management, Inc.
Karl Wellner
Control person · since March 2003
Papamarkou Wellner Asset Management’s regulatory assets went from $347M (March 2021) to $358M (March 2026); clients were 109 in both filings and employees rose from 10 to 11.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $358M | 109 | 11 | 2 |
| Jul 2025July 2025 | $357M | 113 | 11 | 2 |
| Mar 2024March 2024 | $332M | 112 | 10 | 2 |
| May 2023May 2023 | $292M | 109 | 10 | 2 |
| Jun 2022June 2022 | $408M | 126 | 10 | 2 |
| Mar 2021March 2021 | $347M | 105 | 10 | 1 |
Besides its headquarters, Papamarkou Wellner Asset Management has 1 office, with 2 listed addresses across 2 states.
Florida · 1 listed address
- 201 Seaview Avenue, Palm Beach
New York · 1 listed address
- 430 Park Avenue, 17th Floor, New YorkHQ
Other business names
Papamarkou Wellner Asset Management has reported 2 other business names to the SEC.
- Papamarkou Wellner Perkin
- Papamarkou Wellner Perkin Advisors
Contact and registration details
- Legal name
- Papamarkou Wellner Asset Management, Inc.
- Headquarters
- 430 Park Avenue, 17th Floor, New York, NY 10022
- Website
- papamarkou.com
- Phone
- 212-223-2020
- @papamarkou-wellner-perkin
- SEC file
- 801-63317
- Founded
- 1982
- Structure
- New York corporation
- Fiscal year end
- December
Papamarkou Wellner Asset Management’s named custodians for separately managed accounts are Pershing ($185M, 80%) and Wilmington Trust ($46.2M, 20%). Papamarkou Wellner Asset Management has custody of $245M for 82 clients.
- PershingPershing LLC · Jersey City, NJ · $185M80%
- Wilmington TrustWilmington Trust Corporation · Wilmington, DE · $46.2M20%
At year end, Papamarkou Wellner Asset Management’s separately managed accounts were mostly in stocks (96%). Its reported 13F holdings for the quarter ended 30 June 2026 total $159M across 75 positions; the largest are Apple Inc. (11.8%), Nvidia Corporation (8.2%) and Alphabet Inc. (5.6%).
What the accounts hold
- Stocks96%
- Cash2%
- Other2%
- Listed etfs of various composition2%
How many clients does Papamarkou Wellner Asset Management have?
Papamarkou Wellner Asset Management has 109 clients and manages $358 million for them, as of March 2026. They include 96 high-net-worth individuals, 11 corporations and other businesses, and 1 pooled investment vehicle.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Papamarkou Wellner Asset Management offer?
Papamarkou Wellner Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, selecting other managers, and publishing newsletters.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Papamarkou Wellner Asset Management use?
Papamarkou Wellner Asset Management’s separately managed account assets are held at Pershing LLC (Jersey City, NJ), with $185M and Wilmington Trust Corporation (Wilmington, DE), with $46.2M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Papamarkou Wellner Asset Management have?
Papamarkou Wellner Asset Management has 0 investment adviser representatives registered with state securities authorities, out of 11 employees, and 11 perform investment advisory functions. 8 employees are registered representatives of a broker-dealer and 0 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 Papamarkou Wellner Asset Management invest in?
At the end of its last fiscal year, Papamarkou Wellner Asset Management’s separately managed accounts held 96% exchange-traded equities, 2% cash and equivalents and 2% other. The 2% other category is described as: Listed Etfs of Various Composition. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Papamarkou Wellner Asset Management?
Papamarkou Wellner Asset Management’s direct owner is Karl Wellner (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Papamarkou Wellner Asset Management get paid?
Papamarkou Wellner Asset Management is paid through a percentage of assets under management, performance-based fees and other compensation. Its Form ADV lists no commissions 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 Papamarkou Wellner Asset Management?
Papamarkou Wellner Asset Management’s main office is at 430 Park Avenue, 17th Floor, New York, NY 10022. Its phone number is 212-223-2020. Its website is papamarkou.com.