Sanchez Wealth Management Group, LLC (Jacksonville)

Name: Sanchez Wealth Management Group, LLC
Address: 5150 Belfort Rd., Suite 702, Jacksonville, FL, 32256 6038
Telephone: 904-281-9261

Sanchez Wealth Management Group, LLC is a large advisory firm based in Jacksonville. It manages $174.57 million of regulatory assets for 810 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Florida, Georgia, Louisiana, New Hampshire, and Texas.

Sanchez Wealth Management Group provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Sanchez Wealth Management Group: assets under management

The assets under management (AUM) of Sanchez Wealth Management Group, LLC is $174.57 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 72% since the beginning of its operation, and $204.65 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $174.57 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $215.52 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sanchez Wealth Management Group, 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 Sanchez Wealth Management Group serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Sanchez Wealth Management Group is high net worth individuals with 55 clients and $89.32 million of assets under management. Among the 11 most similar advisory firms, Sanchez Wealth Management Group has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $174.57 million for 326 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.

Sanchez Wealth Management Group doesn't advise any private funds.

Careers at Sanchez Wealth Management Group, LLC

The company employs 2 people that are either part- or full-time employees. 100 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christen Lee Sanchez	President, cco	1 Mar 2010	75% - 100%	2885667

Based in Jacksonville

The principal office where Sanchez Wealth Management Group, LLC performs its advisory services is located at 5150 Belfort Rd., Suite 702, Jacksonville, FL 32256 6038, 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 904-281-9261 or by fax 904-281-9257. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at sanchezwealth.com.