Trinitypoint Wealth, LLC (Milford)


Trinitypoint Wealth, LLC is a large advisory firm based in Milford. It manages $524.72 million of regulatory assets for 1,876 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Colorado, Connecticut, and 12 other states.

Trinitypoint Wealth 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 doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Trinitypoint Wealth: assets under management

The assets under management (AUM) of Trinitypoint Wealth, LLC is $524.72 million. The firm's AUM has gone down by -13% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $520.76 million in discretionary accounts and $3.97 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $284.72 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $84.36 thousand.
Trinitypoint Wealth has custody of $95.49 million in cash and securities for 268 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 35% of the total AUM. The second-largest asset type is investment and business development companies, which make up 31% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Trinitypoint Wealth, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Trinitypoint Wealth serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and state or municipal government entities. The largest group of clients of Trinitypoint Wealth is high net worth individuals with 112 clients and $319.17 million of assets under management. Among the 9 most similar advisory firms, Trinitypoint Wealth has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $523.83 million for 492 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.

Trinitypoint Wealth doesn't advise any private funds.

Careers at Trinitypoint Wealth, LLC

The company employs 11 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Peter Anthony Kennedy Chief compliance officer 1 Apr 2018 Other 2518393
Llc Trinitypoint Wealth Holdings Member 1 Apr 2018 75% - 100% 82-5371683
Llc Focus Operating Member (manager) 1 May 2018 75% - 100% 20-8161914
Jerilyn Marie Shannon Chief compliance officer 1 May 2018 Other 6190247
James Andrew Betzig Partner, chief executive officer 1 May 2018 Other 2457078
Llc Trinitypoint Wealth Holdings Member (manager) 1 May 2018 75% - 100% 83-1059051
Llc Focus Operating Member (manager) 1 Jun 2018 75% - 100% 20-8161914
Jerilyn Marie Shannon Chief compliance officer 1 Jun 2018 Other 6190247
James Andrew Betzig Parter, chief executive officer 1 Jun 2018 Other 2457078

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Llc Focus Financial Partners Member 1 Jan 2007 75% - 100% 16-1728260
L.P. Trident Vi Parallel Fund Member 1 Apr 2017 75% - 100% 98-1132009
Llc Trident Ffp Blocker Limited partner 1 May 2017 25% - 50% 82-1662776
L.P. Trident Vi Limited partner 1 May 2017 25% - 50% 98-1131820
L.P. Trident Ffp Member 1 Jul 2017 25% - 50% 82-1662703
Focus Financial Partners Inc. Member 1 Jul 2018 75% - 100% 47-4780811

Based in Milford

The principal office where Trinitypoint Wealth, LLC performs its advisory services is located at 612 Wheelers Farms Rd., Milford, CT 06461, 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 (203) 693-8525. The normal business hours are 8:30am - 5:00pm on Monday - Friday.