Garrett Wealth Advisory Group, LLC (Weatherford)

Name: Garrett Wealth Advisory Group, LLC
Address: 201 Ft. Worth Hwy., Weatherford, TX, 76086
Telephone: 817-550-6750

Garrett Wealth Advisory Group, LLC is a large advisory firm based in Weatherford. It manages $275.41 million of regulatory assets for 917 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Louisiana and Texas.

Garrett Wealth Advisory Group 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 less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Garrett Wealth Advisory Group: assets under management

The assets under management (AUM) of Garrett Wealth Advisory Group, LLC is $275.41 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 82% since the beginning of its operation, and $296.25 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $275.41 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $300.33 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 79% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Garrett Wealth Advisory Group, 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 Garrett Wealth Advisory Group serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Garrett Wealth Advisory Group is high net worth individuals with 103 clients and $132.92 million of assets under management. Among the 8 most similar advisory firms, Garrett Wealth Advisory Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $275.41 million for 488 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.

Garrett Wealth Advisory Group doesn't advise any private funds.

Careers at Garrett Wealth Advisory Group, 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 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
David Wayne Garrett	Chief compliance officer, managing member, and president	1 Sep 2014	75% - 100%	2498087
Brandon Wayne Garrett	Wealth advisor; owner	1 Jan 2018	Other	5661756
Stefan Wayne Simpson	Chief compliance officer; director of business operations	1 Jan 2018	Other	6662027

Based in Weatherford

The principal office where Garrett Wealth Advisory Group, LLC performs its advisory services is located at 201 Ft. Worth Hwy., Weatherford, TX 76086, which is also the mailing address of the firm. An additional office of the firm is in Fort Worth, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 817-550-6750 or by fax 817-923-4902. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at sg-wealth.com.