Schonfeld Wealth Management, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$94,824,816
Clients
126
Advisors
2
of 4 employees
About
Schonfeld Wealth Management provides discretionary asset management, financial planning, and retirement plan consulting to businesses, employee benefit plans, and other institutional or business clients. The firm also delivers services through third‑party platforms, notably Betterment Advisor Solutions (including 401(k) plan administration via Betterment at Work and B4B) and the AssetMark platform, and can construct custom portfolios on those platforms.
Investment implementation typically combines diversified allocations across mutual funds, ETFs, individual securities, REITs, bonds and covered options, and the firm may allocate portions of client assets to Independent Managers. Schonfeld monitors portfolios on an ongoing basis, uses automated rebalancing and tax‑aware features available through its platform partners, and employs both long‑term buy‑and‑hold and shorter‑term trading strategies as appropriate.
Noteworthy for a two‑advisor firm managing roughly $132.9 million in discretionary assets is the clear operational emphasis on retirement plan and plan‑level services (including delegated 3(16) administrative support and use of Inspira Financial Trust for plan trustee services) rather than a primary focus on retail individual or high‑net‑worth households. The combination of wrap‑fee platform usage (Betterment and AssetMark), plan administration capabilities, and the ability to offer advisor‑designed custom portfolios distinguishes its service mix from many peers.
Client services
Expertise
Occupation focus
Fee options
Typically ranges between 1.00% and 2.00% annually (specific rate negotiated and described in written agreement)
Separate commission-based brokerage services available through Dually Registered Persons with Simplicity; commissions and trails apply to securities sales
Up to $700 per hour for financial planning and consulting services, and for retirement plan consulting
Minimum fee: Minimum annual fee of $1,000 to commence or continue an asset management relationship, may be waived at firm's discretion Fee-only: Hourly fees up to $700 per hour for financial planning and consulting; also hourly fees up to $700 per hour for retirement plan consulting
Main office
1063 63rd Street, 9th Floor, Suite 9400
Brooklyn NY 11219
Advisors at this office
2
Most active in
California · New Jersey · New York · Texas
Also doing business as
Bswm Holdings, LLC · Schonfeld Wealth Management, LLC · Scwm, 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.
Advisors at this firm
Shmuel B
CFP®, Series 66
Brooklyn, NY
Schonfeld Wealth Management, LLC
Shmuel Beckerman is a Certified Financial Planner (CFP®) with four years of industry experience. He is currently an advisor at Schonfeld Wealth Management, LLC, having previously worked at Park Avenue Securities and Guardian Life Insurance Company. Outside of his financial advisory role, he operates JB Worldwide LLC, a business involved in buying and reselling consumer electronics to wholesalers. Schonfeld Wealth Management provides discretionary asset management, financial planning, and retirement plan consulting primarily to businesses, employee benefit plans, and institutional clients. The firm integrates diversified investment allocations and utilizes third-party platforms such as Betterment Advisor Solutions and AssetMark to deliver customized portfolio solutions and plan-level services.
Bernard S
Series 63, Series 65
Brooklyn, NY
Schonfeld Wealth Management, LLC
Bernard Schonfeld is a financial advisor at Schonfeld Wealth Management, LLC with 19 years of industry experience. He holds Series 63 and Series 65 licenses and has previously worked with Park Avenue Securities and Guardian Life Insurance Co. Bernard serves on the advisory board of Yeshiva & Beth Hamedrash Shaarei Yosher and is involved in local community financial oversight projects. Schonfeld Wealth Management offers discretionary asset management, financial planning, and retirement plan consulting primarily to businesses and institutional clients. The firm utilizes diversified investment allocations and third-party platforms like Betterment Advisor Solutions and AssetMark to provide customized portfolio solutions and retirement plan services.
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