Tyler Stone Wealth Management, LLC (Beachwood)

Name: Tyler Stone Wealth Management, LLC
Address: 3601 Green Road, Beachwood, OH, 44122
Telephone: 216-295-0945

Tyler Stone Wealth Management, LLC is a large advisory firm based in Beachwood. It manages $204.14 million of regulatory assets for 772 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Florida, Georgia, and 8 other states.

Tyler Stone Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and consulting services not resulting in a financial plan. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Tyler Stone Wealth Management: assets under management

The assets under management (AUM) of Tyler Stone Wealth Management, LLC is $204.14 million. The firm's AUM has grown by 74% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $199.59 million in discretionary accounts and $4.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $259.88 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.14 million.

Investments

The firm invests in investment and business development companies the most. They account for 66% of the total AUM. The second-largest asset type is exchange traded securities, which make up 11% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Tyler Stone Wealth Management is individuals with 563 clients and $115.9 million of assets under management. Among the 7 most similar advisory firms, Tyler Stone Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $204.14 million for 596 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.

Tyler Stone Wealth Management doesn't advise any private funds.

Careers at Tyler Stone Wealth Management, LLC

The company employs 15 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 15 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
Marc Hamilton Stone	Member and chief compliance officer	1 Jan 2015	50% - 75%	1998550
William Philip Tyler	Member	1 Jan 2015	50% - 75%	1072383

Based in Beachwood

The principal office where Tyler Stone Wealth Management, LLC performs its advisory services is located at 3601 Green Road, Beachwood, OH 44122, which is also the mailing address of the firm. An additional office of the firm is in North Royalton, OH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 216-295-0945 or by fax 216-295-0961. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at tyler-stone.com.