Spectrum Wealth Advisory Group, LLC (Granite Bay)

Name: Spectrum Wealth Advisory Group, LLC
Address: 5925 Granite Lake Drive, Granite Bay, CA, 95746
Telephone: (916) 772-5970

Spectrum Wealth Advisory Group, LLC is a large advisory firm based in Granite Bay. It manages $128 million of regulatory assets for 795 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Florida, Texas, and Washington.

Spectrum Wealth Advisory Group provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Spectrum Wealth Advisory Group: assets under management

The assets under management (AUM) of Spectrum Wealth Advisory Group, LLC is $128 million. The firm's AUM has grown by 0% since the beginning of its operation, and $180 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $126.77 million in discretionary accounts and $1.23 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $160.06 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $410 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 55% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in non-exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Spectrum 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 Spectrum 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 Spectrum Wealth Advisory Group is high net worth individuals with 60 clients and $75.85 million of assets under management. Among the 8 most similar advisory firms, Spectrum 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 $128 million for 271 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.

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

Careers at Spectrum Wealth Advisory Group, LLC

The company employs 2 people that are either part- or full-time employees. 100 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kenneth Lee Christie	Chief compliance officer & managing member	1 Sep 2018	75% - 100%	2218257

Based in Granite Bay

The principal office where Spectrum Wealth Advisory Group, LLC performs its advisory services is located at 5925 Granite Lake Drive, Granite Bay, CA 95746, 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 (916) 772-5970. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at spectrumw.com.