Wealth Effects provides financial planning, portfolio management for individuals and small businesses, pension consulting, education planning, and insurance. Financial planning was provided to 101–250 clients last fiscal year.
Wealth Effects reports 602 clients. They include 496 individual clients, 100 high-net-worth individuals and 6 charitable organizations. Of its assets, 100.0% ($472M across 988 accounts) are managed with discretion. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 82% | 68% |
| High-net-worth individuals | 17% | 32% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Charitable organizations | <1% | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 496 | $319M | 67.6% | $643K |
| High-net-worth individuals | 100 | $150M | 31.8% | $1.5M |
| Pension and profit-sharing plans | Fewer than 5 | $1M | 0.2% | — |
| Charitable organizations | 6 | $2M | 0.4% | $333K |
| Total | 602 | $472M | 100% | — |
- Clients
- 496
- Regulatory AUM
- $319M
- AUM share
- 67.6%
- Avg. per client
- $643K
- Clients
- 100
- Regulatory AUM
- $150M
- AUM share
- 31.8%
- Avg. per client
- $1.5M
- Clients
- Fewer than 5
- Regulatory AUM
- $1M
- AUM share
- 0.2%
- Avg. per client
- —
- Clients
- 6
- Regulatory AUM
- $2M
- AUM share
- 0.4%
- Avg. per client
- $333K
Total
- Clients
- 602
- Regulatory AUM
- $472M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Wealth Effects charges up to 1.50% a year for its Wealth management fees. The fee is billed in advance and is negotiable.
Fee details and sources
William Liberti owns 75% or more of Wealth Effects. William Liberti is CEO. It has 17 employees, 9 of them in advisory roles.
Staff
- 17 employees
- 9 in advisory functions
- 9 state-registered reps
- 3 insurance agents
- Owns 75% or more of Wealth Effects LLC
William Liberti
Control person · since May 2021
Wealth Effects’ regulatory assets grew Infinity× from $0 (July 2021) to $472M (February 2026); employees rose from 3 to 17.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Feb 2026February 2026 | $472M | 602 | 17 | 11 |
| Apr 2025April 2025 | $406M | 599 | 16 | 7 |
| Jun 2024June 2024 | $393M | 601 | 14 | 6 |
| Feb 2023February 2023 | $300M | 560 | 12 | 4 |
| Mar 2022March 2022 | $330M | 508 | 10 | 2 |
| Jul 2021July 2021 | $0 | 0 | 3 | 2 |
Besides its headquarters, Wealth Effects has 10 offices (10 private residences, listed without an address), with 1 listed address in 1 state.
Massachusetts · 1 listed address
- 265 Franklin Street, Suite 1702, BostonHQ
Other business names
Wealth Effects has reported 1 other business name to the SEC.
- Hudson River Group
Contact and registration details
- Legal name
- Wealth Effects LLC
- Headquarters
- 265 Franklin Street, Suite 1702, Boston, MA 02110
- Website
- w-effects.com
- Phone
- 617-465-2560
- @wealtheffects
- SEC file
- 801-121699
- Founded
- 2021
- Structure
- Massachusetts LLC
- Fiscal year end
- December
Wealth Effects’ named custodian for separately managed accounts is Fidelity ($472M). Wealth Effects has custody of $35M for 75 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $472M100%
At year end, Wealth Effects’ separately managed accounts were mostly in stocks (65%) and funds (14%). Its reported 13F holdings for the quarter ended 30 June 2026 total $370M across 256 positions; the largest are Nvidia Corporation (8.5%), Apple Inc. (6.2%) and Micron Technology Inc. (6.1%).
What the accounts hold
- Stocks65%
- Funds14%
- Bonds9%
- U.S. government and agency bonds5%
- State and local bonds2%
- Sovereign bonds1%
- Investment grade corporate bonds1%
- Cash11%
- Other1%
- Derivatives1%
How many clients does Wealth Effects have?
Wealth Effects has 602 clients and manages $472 million for them, as of February 2026. They include 496 individual clients, 100 high-net-worth individuals and 6 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 13 February 2026
What services does Wealth Effects offer?
Wealth Effects provides financial planning, portfolio management for individuals and small businesses, pension consulting, education planning, and insurance.
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 Wealth Effects charge?
Wealth Effects charges up to 1.50% a year for its Wealth management fees. The fee is billed in advance and is negotiable.
Source: WEALTH EFFECTS DISCLOSURE BROCHURE, filed 13 February 2026
Which custodians does Wealth Effects use?
Wealth Effects’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $472M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 February 2026
How many financial advisors does Wealth Effects have?
Wealth Effects has 9 investment adviser representatives registered with state securities authorities, out of 17 employees, and 9 perform investment advisory functions. 0 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 Wealth Effects invest in?
At the end of its last fiscal year, Wealth Effects’ separately managed accounts held 65% exchange-traded equities, 14% registered funds (mutual funds, ETFs, BDCs), 11% cash and equivalents, 5% U.S. government and agency bonds, 2% state and local bonds, 1% sovereign bonds, 1% investment grade corporate bonds and 1% derivatives.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Wealth Effects?
Wealth Effects’ direct owner is William Liberti (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 13 February 2026
How does Wealth Effects get paid?
Wealth Effects 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
How do I contact Wealth Effects?
Wealth Effects’ main office is at 265 Franklin Street, Suite 1702, Boston, MA 02110. Its phone number is 617-465-2560. Its website is w-effects.com.