YTS Wealth Management provides financial planning and investment advisory services. Pulse 2.0 interviewed YTS Wealth Management Principal Advisor Nick Frazetta to gain a deeper understanding of the firm.
Nick Frazetta’s Background
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Could you tell me more about your background? Frazetta said:
“My name is Nick Frazetta, and I am the Chief Operating Officer at YTS Wealth Management. I graduated from Penn State University with a degree in Economics, and currently reside in Arlington, Virginia.”
“My primary responsibilities include running the day-to-day operations of the organization, making sure all our departments are aligned, operating efficiently, and executing on our firm’s mission, which is doing whatever it takes to serve our clients. I also lead all new innovation development for the firm, making sure that we have the best possible technology and resources for our clients and team.”
Formation Of The Company
How did the idea for the company come together? Frazetta shared:
“YTS was formed with one clear purpose: to provide comprehensive financial solutions tailored to our clients’ needs. When we started our journey, we noticed a recurring issue – many clients were receiving sub-par service in key areas such as tax planning, insurance coverage, and legacy planning. That is why we decided to go out and hire subject matter experts across all facets of wealth management, insurance strategies, tax optimization, and financial planning. By forming a high level team under one roof we have created a truly holistic approach that simplifies and streamlines our clients’ financial lives, giving them clarity, confidence, and peace of mind.”
Core Products
What are the company’s core products and features? Frazetta explained:
“At YTS, we tailor financial solutions that make the most sense for our clients’ needs. Every client that walks through our doors receives a comprehensive financial plan, outlining what is most important to them. From there, our wealth managers implement custom solutions for clients to solve their specific problems.”
Challenges Faced
What have been some challenges in your sector, and how have you overcome them? Frazetta acknowledged:
“Throughout our journey, we have noticed that other money managers take shortcuts, and in some cases are flat out lazy. At YTS, we pride ourselves on going above and beyond for every client, regardless of circumstances. Whether it means flying across the country to meet with clients outside our immediate area or sitting at a family’s kitchen table during times of unexpected loss, we are committed to being present when our clients need us most. Our dedication to personalized service ensures that everyone we work with receives the attentive care and support they deserve, especially during life’s most challenging moments.”
Evolution Of The Company’s Technology
How has your technology evolved since launching? Frazetta noted:
The technology landscape is evolving every single day, and we are committed to staying ahead of the curve. Our focus is on providing both our team and clients with the newest technology tools that drive efficiency and deliver outstanding results. We are always looking for ways to get better and improve, and technology is a big driver of how we can execute that vision.
Total Addressable Market
What is the total addressable market (TAM) your company is targeting? Frazetta assessed:
“We are currently at $1.6 billion of assets under management, and our goal is to become a $10 billion firm over the next 5 years and with a lasting impact that will continue to serve clients across the country for generations to come.”
Differentiation From The Competition
What differentiates your company from competitors? Frazetta affirmed:
What sets us apart from our competitors is our ability to manage every client’s situation at the highest level. Our team of professionals brings specialized expertise in all areas of wealth management, financial planning, insurance, estate and legacy planning, and tax guidance. This ensures that no matter who the client is or what they need help with, we have the right experts in place to provide thoughtful, tailored solutions.
