Bone Fide Wealth
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$125,332,168
Clients
180
Advisors
2
across 2 offices
About
Bone Fide Wealth is an independent investment adviser that focuses on financial life planning for millennials, young professionals, and entrepreneurs. The firm provides comprehensive financial planning, discretionary asset management, retirement-plan consulting, financial education seminars, held-away account management, and limited digital asset services.
The firm manages client portfolios using model and custom portfolios accessed through Altruist’s Model Marketplace and tax-management tools, and it implements discretionary trading with holdings that may be long-term or actively traded as appropriate. For employer retirement plans, Bone Fide Wealth offers consulting to plan sponsors and can manage participant-directed 401(k)/403(b) held-away accounts through a third-party order management system, and it limits digital-asset exposure to clients who sign a Digital Asset Risk Acknowledgement.
Compared with many peers, Bone Fide Wealth combines a consumer-focused target market with services more commonly associated with institutional relationships, notably running paid financial-education seminars for sponsoring organizations and providing held-away plan management and retirement-plan consulting. The firm also discloses use of the Altruist platform and a promoter/referral program that compensates outside professionals for client introductions, arrangements that are material to how it acquires and supports client relationships.
Client services
Occupation focus
Demographic focus
Fee options
Financial education seminar fees to sponsors generally range from $5,000 to $10,000; financial planning may be offered on flat retainer basis.
$0 - $10,000,000: 1.00% annually Over $10,000,000+: Negotiable
Hourly fee for planning/consulting services is $550 per hour with a one hour minimum, negotiable.
Fee-only: Financial planning fees typically range from $5,000 to $10,000 annually (flat retainer); hourly fee of $550 per hour with a one hour minimum, negotiable.
Main office
See office7 World Trade Center, 46th Floor
New York NY 10007
Advisors at this office
1
Offices (2)
Most active in
California · Colorado · Florida · New Jersey · New York · Pennsylvania · Texas
Also doing business as
Bone Fide Wealth · Bone Fide Wealth, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Douglas B
CFP®, Series 66
New York, NY
Bone Fide Wealth
Douglas Boneparth is a CFP® with 20 years of industry experience and is the principal of Bone Fide Wealth, where he has worked since 2016. Prior to that, he was with CommonWealth Financial Network for seven years. Outside of his advisory work, he is co-author of the personal finance book *The Millennial Money Fix* and is involved with a web3-based coffee company, CryptoDrip, LLC. Bone Fide Wealth serves millennials, young professionals, and entrepreneurs by offering financial life planning, asset management, retirement plan consulting, and participant 401(k)/403(b) account management. The firm delivers customized investment advice using a combination of fundamental and technical analysis and provides employer-facing services such as plan sponsor consulting and financial education seminars.
Clifford C
CFP®, Series 65
Southold, NY
Bone Fide Wealth
Clifford Cornell III is a CFP® and holds a Series 65 license with four years of industry experience. He has worked at Bone Fide Wealth since 2021 and held prior positions at DLP Real Estate Capital, Innovative Tax Solution, Muhlenberg College, and South Side MS/HS. Outside of financial advising, he has worked as a server at The Frisky Oyster in Greenport, NY. Bone Fide Wealth serves millennials, young professionals, and entrepreneurs by offering comprehensive financial life planning, asset management, and retirement plan consulting. The firm combines fundamental and technical analysis to deliver customized investment advice and provides employer-facing services such as plan sponsor consulting and financial education seminars.
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