Manske Wealth Management, LLC (Houston)

Name: Manske Wealth Management, LLC
Address: 1010 N. San Jacinto, Houston, TX, 77002
Telephone: (713) 581-1994

Manske Wealth Management, LLC is a large advisory firm based in Houston. It manages $243 million of regulatory assets for 276 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Texas.

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

Manske Wealth Management: assets under management

The assets under management (AUM) of Manske Wealth Management, LLC is $243 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 105% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $243 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $880.43 thousand each.

Investments

The firm invests in other assets the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% 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 Manske Wealth Management, LLC for their services and products based on a percentage of assets under management 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 Manske Wealth Management serves?

The firm provides services to individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Manske Wealth Management is individuals with 250 clients and $212 million of assets under management. Among the 9 most similar advisory firms, Manske Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $242 million for 275 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.

Manske Wealth Management doesn't advise any private funds.

Careers at Manske Wealth Management, LLC

The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 5 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
Christopher Robert Manske	Managing member / chief compliance officer	1 Aug 2012	75% - 100%	4329083

Based in Houston

The principal office where Manske Wealth Management, LLC performs its advisory services is located at 1010 N. San Jacinto, Houston, TX 77002, 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 (713) 581-1994 or by fax (713)481-5564. The normal business hours are 8:30am - 4:30pm on Monday - Friday. You can find more information about the New York firm at manskewealth.com.