Schulz Wealth, Ltd. (Mansfield)

Name: Schulz Wealth, Ltd.
Address: 1752 Broad Park Circle North, Mansfield, TX, 76063
Telephone: 817-405-4014

Schulz Wealth, Ltd. is a large advisory firm based in Mansfield. It manages $111.43 million of regulatory assets for 364 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Texas.

Schulz Wealth provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Schulz Wealth: assets under management

The assets under management (AUM) of Schulz Wealth, Ltd. is $111.43 million. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $62.54 million in discretionary accounts and $48.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $175.18 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.98 million.

Schulz Wealth has custody of $62.54 million in cash and securities for 90 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 88% of the total AUM. The second-largest asset type is state and local bonds, which make up 4% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Schulz Wealth, Ltd. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Schulz Wealth serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Schulz Wealth is pension and profit sharing plans with 7 clients and $48.89 million of assets under management. Among the 11 most similar advisory firms, Schulz Wealth has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $111.43 million for 97 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Schulz Wealth doesn't advise any private funds.

Careers at Schulz Wealth, Ltd.

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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 doesn’t compensate 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
Robert Rankin Schulz	Chief compliance officer and president	1 Sep 2014	50% - 75%	2664834
Michelle Spies Schulz	Shareholder	1 Sep 2014	50% - 75%	6273480

Based in Mansfield

The principal office where Schulz Wealth, Ltd. performs its advisory services is located at 1752 Broad Park Circle North, Mansfield, TX 76063, 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 817-405-4014 or by fax 817-701-1548. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at schulzwealth.com.