Wealth Management Associates provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, educational seminars, insurance, and tax planning.
Wealth Management Associates reports 930 clients. They include 691 individual clients, 216 high-net-worth individuals, and 10 corporations and other businesses. Of its assets, 98.6% ($708M across 1,783 accounts) are managed with discretion; $9.72M across 8 accounts are not. Of its clients, 1% are outside the U.S. It advised 46 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 74% | 30% |
| High-net-worth individuals | 23% | 61% |
| Pension and profit-sharing plans | <1% | 6% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | 1% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 691 | $217M | 30.3% | $314K |
| High-net-worth individuals | 216 | $440M | 61.3% | $2.04M |
| Pension and profit-sharing plans | 8 | $45.1M | 6.3% | $5.63M |
| Charitable organizations | 5 | $4.78M | 0.7% | $957K |
| Corporations and other businesses | 10 | $10.5M | 1.5% | $1.05M |
| Total | 930 | $717M | 100% | $771K |
- Clients
- 691
- Regulatory AUM
- $217M
- AUM share
- 30.3%
- Avg. per client
- $314K
- Clients
- 216
- Regulatory AUM
- $440M
- AUM share
- 61.3%
- Avg. per client
- $2.04M
- Clients
- 8
- Regulatory AUM
- $45.1M
- AUM share
- 6.3%
- Avg. per client
- $5.63M
- Clients
- 5
- Regulatory AUM
- $4.78M
- AUM share
- 0.7%
- Avg. per client
- $957K
- Clients
- 10
- Regulatory AUM
- $10.5M
- AUM share
- 1.5%
- Avg. per client
- $1.05M
Total
- Clients
- 930
- Regulatory AUM
- $717M
- AUM share
- 100%
- Avg. per client
- $771K
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 46
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Wealth Management Associates is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees) and other compensation. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Consultation Services
- Consultations on any topic are billed at up to $150 per hour; a $100 retainer may apply to consultations of more than one meeting.
- Financial Planning
- Fixed fees normally range from $100 to $25,000, hourly fees are capped at $150 per hour, and a retainer may be charged at signing.
James Johnston owns 50% to 75% of Wealth Management Associates. The leadership team of Wealth Management Associates includes Chief Compliance Officer David Hess. It has 20 employees, 11 of them in advisory roles.
Leadership
- David HessManaging Director/Chief Compliance Officer
- James JohnstonManaging Director
Investment adviser representatives
11 representatives listed in the SEC register as of 9 October 2026.
- Crescenzo Cesare Camilo Galli JR
- Reagan Ian Goolcharan
- William George Heckman
- Branden Robert Hess
- David Ray Hess
- James Burroughs Johnston III
- David Charles Laudeman
- James Joseph McMonigle JR
- Joseph Jacob Osherow
- Philip N Ranalli
- Paul A Snyder
Staff
- 20 employees
- 11 in advisory functions
- 11 state-registered reps
- 11 broker-dealer reps
- 9 insurance agents
- Owns 50% to 75% of Wealth Management Associates, Inc.
James Johnston
Control person · since June 2003
- Owns 50% to 75% of Wealth Management Associates, Inc.
David Hess
Control person · since June 2003
Wealth Management Associates’ regulatory assets grew 1.5× from $474M (May 2021) to $717M (March 2026); clients rose from 752 to 930 and employees from 15 to 20.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $717M | 930 | 20 | 4 |
| April 2025 | $647M | 901 | 19 | 4 |
| July 2024 | $555M | 826 | 16 | 5 |
| April 2023 | $513M | 809 | 15 | 5 |
| June 2022 | $522M | 828 | 15 | 5 |
| May 2021 | $474M | 752 | 15 | 5 |
Besides its headquarters, Wealth Management Associates has 3 offices (1 private residence, listed without an address), with 3 listed addresses in New Jersey and Pennsylvania.
New Jersey · 2 listed addresses
- 1909 Route 70 East, Suite 100, Cherry HillHQ
- 11 E Mount Vernon Ave., Haddonfield
Pennsylvania · 1 listed address
- 400 Pinebrook Place, Suite 12-Mailing Address, Orwigsburg
Contact and registration details
- Legal name
- Wealth Management Associates, Inc.
- Headquarters
- 1909 Route 70 East, Suite 100, Cherry Hill, NJ 08003
- Website
- wealthmanage.net
- Phone
- 856-424-2350
- SEC file
- 801-79993
- Structure
- New Jersey corporation
- Fiscal year end
- January
Wealth Management Associates uses Fidelity ($717M) as custodian for its separately managed accounts. Wealth Management Associates does not have custody of client assets.
- FidelityNational Financial Services LLC · Boston, MA · $717M100%
At year end, Wealth Management Associates’ separately managed accounts were mostly in funds (59%) and stocks (23%). Its reported 13F holdings for the quarter ended 30 June 2026 total $362M across 254 positions; the largest are Apple Inc. (12.5%), iShares TR (3.9%) and iShares TR (3.5%).
What the accounts hold
- Stocks23%
- Funds59%
- Bonds6%
- U.S. government and agency bonds3%
- State and local bonds3%
- Cash11%
Filed values cover 99%. The neutral 1% gap has no reported category.
Reported 13F holdings
- $362M
- Reported 13F value
- 254
- Positions
- 37.4%
- In the 10 largest
- +25.1%
- Value vs. prior quarter
- Apple Inc.12.5%
- iShares TR · Core S&P500 ETF3.9%
- iShares TR · 20 YR TR BD ETF3.5%
- Microsoft Corp.3.0%
- Vanguard Index Fds · Total Stk Mkt2.9%
- Nvidia Corporation2.8%
- iShares TR · Select Divid ETF2.6%
- Alphabet Inc. · Cap Stk CL A2.3%
- Vanguard Whitehall Fds · High Div Yld2.0%
- First TR Exchange Traded FD · Nasd Tech Div1.8%
Together, the ten largest are 37.4% of reported value.
How many clients does Wealth Management Associates have?
Wealth Management Associates has 930 clients and manages $717 million for them, as of March 2026. They include 691 individual clients, 216 high-net-worth individuals, and 10 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Wealth Management Associates offer?
Wealth Management Associates provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, educational seminars, insurance, 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
Which custodians does Wealth Management Associates use?
Wealth Management Associates’ separately managed account assets are held at National Financial Services LLC (Boston, MA), with $717M. 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 Wealth Management Associates have?
Wealth Management Associates has 11 investment adviser representatives registered with state securities authorities, out of 20 employees, and 11 perform investment advisory functions. 11 employees are registered representatives of a broker-dealer and 9 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 Management Associates invest in?
At the end of its last fiscal year, Wealth Management Associates’ separately managed accounts held 59% registered funds (mutual funds, ETFs, BDCs), 23% exchange-traded equities, 11% cash and equivalents, 3% U.S. government and agency bonds and 3% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Wealth Management Associates?
Wealth Management Associates’ direct owners are James Johnston (50% to 75%) and David Hess (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Wealth Management Associates get paid?
Wealth Management Associates is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. 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 Management Associates?
Wealth Management Associates’ main office is at 1909 Route 70 East, Suite 100, Cherry Hill, NJ 08003. Its phone number is 856-424-2350. Its website is wealthmanage.net.