Altfest Personal Wealth Management was founded in 1983 by Dr. Lewis J. Altfest and remains family-led, with Lewis Altfest serving as CEO and CIO, his wife Karen Altfest as Executive Vice President, and their son Andrew Altfest as President. The fee-only firm provides actively managed, customized portfolios that may include mutual funds, ETFs, individual stocks and bonds, and affiliated private investment funds (including an alternative-value fund and a series of real estate funds). When clients invest in an Altfest-affiliated private fund, the firm charges its standard advisory fee on top of the management fee paid to the fund. In 2025, Altfest opened its first satellite office in Miami, Florida.
Overview
- Headquarters
- New York, NY
- Total Firm Assets
- $1.8 billion
- Average High-Net-Worth Client Portfolio Size
- $3.8 million
- Stated Minimum Account Size
- $1,000,000
Recent Rankings
Fee Disclosure
Source: ALTFEST PERSONAL WEALTH MANAGEMENT AMENDED FORM ADV, PART 2A. (2026-03-04) · View brochure text
| Min | Max | Disclosed Annual Rate |
|---|---|---|
| $0 | $3,000,000 | 1.00% |
| $3,000,001 | $6,000,000 | 0.75% |
| $6,000,001 | and above | 0.50% |
Stated Minimum Annual Fee: $5,000
Estimated Annual Advisory Fees
| Portfolio Value | Estimated Annual Fee | Effective Fee Rate |
|---|---|---|
| $1 million | $10,000 | 1.00% |
| $5 million | $45,000 | 0.90% |
| $10 million | $72,500 | 0.72% |
| $50 million | $272,500 | 0.54% |
| $100 million | $522,500 | 0.52% |
Actual fees may vary; other investment costs may apply.
Compare fees: lowest-fee advisors in New York for $2M portfolios · $10M portfolios
Clients
- High-Net-Worth Share of Firm Assets
- 91.43%
- Number of High-Net-Worth Clients
- 431
- Total Client Accounts
- 3,139
- Discretionary Accounts
- 3,139
Services Offered
Services: Financial Planning, Portfolio Management for Individuals
Regulatory Filings
- SEC CRD Number
- 110130
- ALTFEST PERSONAL WEALTH MANAGEMENT AMENDED FORM ADV, PART 2A. (2026-03-04) (fee schedule source) · View brochure text
View firm on SEC ↗ · Current Form ADV (PDF) ↗