West Paces Advisors, Inc. (Atlanta)

Name: West Paces Advisors, Inc.
Address: 3284 Northside Parkway, N.W., Atlanta, GA, 30327
Telephone: (404) 478-3030

West Paces Advisors, Inc. is a large advisory firm based in Atlanta. It manages $409.11 million of regulatory assets for 413 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Florida, Georgia, and Texas.

West Paces Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

West Paces Advisors: assets under management

The assets under management (AUM) of West Paces Advisors, Inc. is $409.11 million. The firm's AUM has gone down by -5% since the beginning of its operation, and $2.25 million of the total AUM is attributable to clients outside of the United States.

The firm manages $408.83 million in discretionary accounts and $280.15 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $992.3 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $280.15 thousand.

West Paces Advisors has custody of $116.02 million in cash and securities for 44 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 62% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay West Paces Advisors, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients West Paces Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of West Paces Advisors is high net worth individuals with 78 clients and $355.22 million of assets under management. Among the 10 most similar advisory firms, West Paces Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $407.42 million for 145 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

West Paces Advisors doesn't advise any private funds.

Careers at West Paces Advisors, Inc.

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John F. Oglesby	Elected manager, founder, principal	1 May 2015	25% - 50%	2716654
John Paul Viani	Elected manager, founder, principal, chief compliance officer	1 May 2015	25% - 50%	4362467
George Andrew Crews	Elected manager, founder, principal	1 May 2015	25% - 50%	4008720
The Jfo Family Trust	Shareholder	1 Jan 2018	Other	58-6404466

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Nancy S Oglesby	Trustee	1 Jul 1999	75% - 100%	6938562

Based in Atlanta

The principal office where West Paces Advisors, Inc. performs its advisory services is located at 3284 Northside Parkway, N.W., Atlanta, GA 30327, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (404) 478-3030. The normal business hours are 8:00 - 6:00 on Monday - Friday. You can find more information about the New York firm at westpacesadvisors.com and its LinkedIn profile.