Jp Wealth Management, Inc. (Mt. Pleasant)

Name: Jp Wealth Management, Inc.
Address: 3401 Salterbeck Court, Mt. Pleasant, SC, 29466 7117
Telephone: 866-562-6969

Jp Wealth Management, Inc. is a large advisory firm based in Mt. Pleasant. It manages $241.92 million of regulatory assets for 234 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of New Jersey, New York, and South Carolina.

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

Jp Wealth Management: assets under management

The assets under management (AUM) of Jp Wealth Management, Inc. is $241.92 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 272% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $241.92 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.03 million each.

Investments

The firm invests in investment and business development companies the most. They account for 59% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 20% of the firm’s portfolio. Investments in government bonds form 16% of the total invested assets.

Fees & Commissions

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

The firm provides services to high net worth individuals and pension and profit sharing plans. The largest group of clients of Jp Wealth Management is high net worth individuals with 80 clients and $239.24 million of assets under management. Among the 9 most similar advisory firms, Jp Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $241.92 million for 90 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.

Jp Wealth Management doesn't advise any private funds.

Careers at Jp Wealth Management, Inc.

The company employs 6 people that are either part- or full-time employees. 33 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
John Francis Carey	President / chief compliance officer	1 May 2004	Other	2470223
Mark Perlson	Vice president and director of financial services	1 May 2004	75% - 100%	4797654

Based in Mt. Pleasant

The principal office where Jp Wealth Management, Inc. performs its advisory services is located at 3401 Salterbeck Court, Mt. Pleasant, SC 29466 7117, which is also the mailing address of the firm. An additional office of the firm is in North Massapequa, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 866-562-6969. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at jpwm.com.