Acorn Wealth Advisors, LLC (Grand Blanc)

Name: Acorn Wealth Advisors, LLC
Address: 8305 S. Saginaw Street, Grand Blanc, MI, 48439
Telephone: 810-953-4444

Acorn Wealth Advisors, LLC is a large advisory firm based in Grand Blanc. It manages $272.22 million of regulatory assets for 1,512 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Florida, Illinois, Louisiana, Michigan, and Texas.

Acorn Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Acorn Wealth Advisors: assets under management

The assets under management (AUM) of Acorn Wealth Advisors, LLC is $272.22 million. The firm's AUM has grown by 79% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $263.88 million in discretionary accounts and $8.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $177.93 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $287.75 thousand.

Acorn Wealth Advisors has custody of $272.22 million in cash and securities for 907 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 40% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 30% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Acorn Wealth Advisors, 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.

What kind of clients Acorn Wealth Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Acorn Wealth Advisors is high net worth individuals with 180 clients and $197.02 million of assets under management. Among the 6 most similar advisory firms, Acorn Wealth Advisors has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $272.22 million for 907 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.

Acorn Wealth Advisors doesn't advise any private funds.

Careers at Acorn Wealth Advisors, LLC

The company employs 6 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. No 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
Gery Joseph Sadzewicz	Cco	1 Jan 2014	Other	1090963
Llc Bliss & Associates	Sole member	1 May 2014	75% - 100%	20-5957247
Todd Paul Tarantino	Managing partner	1 May 2014	Other	2189943
Steven Charles Bliss	Ceo & managing partner	1 May 2014	Other	1085669

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Steven Charles Bliss	Member	1 Jul 2007	50% - 75%	1085669
Todd Paul Tarantino	Managing partner	1 Jul 2007	25% - 50%	2189943

Based in Grand Blanc

The principal office where Acorn Wealth Advisors, LLC performs its advisory services is located at 8305 S. Saginaw Street, Grand Blanc, MI 48439, which is also the mailing address of the firm. An additional office of the firm is in Fenton, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 810-953-4444 or by fax 810-953-4400. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at acornwealthadvisors.com and its LinkedIn profile.