Wealthsource Partners, LLC is a large advisory firm based in Arroyo Grande. It manages $730.3 million of regulatory assets for 3,407 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, Arkansas, California, and 29 other states.
Wealthsource Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Wealthsource Partners, LLC is $730.3 million. The firm's AUM has grown by 92% since the beginning of its operation, and $419.04 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Wealthsource Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Wealthsource Partners is high net worth individuals with 171 clients and $342.4 million of assets under management. Among the 7 most similar advisory firms, Wealthsource Partners has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $730.3 million for 1,553 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.
Wealthsource Partners doesn't advise any private funds.
The company employs 46 people that are either part- or full-time employees. 76 percent of the employees work as investment advisers or researchers. 35 employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people 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 receive compensation from other entities for client referrals.
Luke Patrick Nagell has served as the Chief Investment Officer since 1 Jan 2018. Christopher Maxime Shea joined the executive team most recently as the Chief Investment Officer.
The principal office where Wealthsource Partners, LLC performs its advisory services is located at 1238 E. Grand Avenue, Arroyo Grande, CA 93420, which is also the mailing address of the firm. An additional office of the firm is in Eagle, ID. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 805-546-1000. The normal business hours are 8:00 am - 5:00 am on Monday - Friday. You can find more information about the New York firm at wealthsourcepartners.com.