Sheeley & Partners Wealth Management, LLC (Providence)


Sheeley & Partners Wealth Management, LLC is a large advisory firm based in Providence. It manages $96.53 million of regulatory assets for 271 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, Massachusetts, North Carolina, and Rhode Island.

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

Sheeley & Partners Wealth Management: assets under management

The assets under management (AUM) of Sheeley & Partners Wealth Management, LLC is $96.53 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -10% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $96.53 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $356.21 thousand each.
Sheeley & Partners Wealth Management has custody of $11.33 million in cash and securities for 6 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 50% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sheeley & Partners Wealth Management, LLC 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 Sheeley & Partners Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Sheeley & Partners Wealth Management is high net worth individuals with 23 clients and $60.51 million of assets under management. Among the 6 most similar advisory firms, Sheeley & Partners Wealth Management has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $96.24 million for 125 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.

Sheeley & Partners Wealth Management doesn't advise any private funds.

Careers at Sheeley & Partners Wealth Management, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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
Llc Ncg Member 1 Jun 1998 75% - 100% 05-0499245
Lesley Wilbur Sheeley Chief compliance officer / member 1 Oct 2004 Other 1873232

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Lesley Wilbur Sheeley Managing member 1 Jun 1998 75% - 100% 1873232

Based in Providence

The principal office where Sheeley & Partners Wealth Management, LLC performs its advisory services is located at 100 Westminster St., Providence, RI 02903, which is also the mailing address of the firm. An additional office of the firm is in The Villages, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 401-455-1230 or by fax 401-455-1221. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at sheeleypartners.com.