Worthpointe, LLC (La Jolla)


Worthpointe, LLC is a large advisory firm based in La Jolla. It manages $451.38 million of regulatory assets for 1,317 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 43 other states.

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Worthpointe provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, 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.

Worthpointe: assets under management

The assets under management (AUM) of Worthpointe, LLC is $451.38 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 69% since the beginning of its operation, and $330 thousand of the total AUM is attributable to clients outside of the United States.


The firm manages $451.38 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $342.73 thousand each.
Worthpointe has custody of $228.36 million in cash and securities for 268 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 93% of the total AUM. The second-largest asset type is exchange traded securities, which make up 4% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Worthpointe, LLC 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 Worthpointe serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Worthpointe is high net worth individuals with 141 clients and $336.07 million of assets under management. Among the 10 most similar advisory firms, Worthpointe has the 2nd highest percentage of high net worth individuals out of all clients.


The amount of regulatory assets under management is $451.38 million for 492 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.

Worthpointe doesn't advise any private funds.

Careers at Worthpointe, LLC

The company employs 15 people that are either part- or full-time employees. 73 percent of the employees work as investment advisers or researchers. 11 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
Anthony George Ferreira Wealth manager 1 Nov 2003 Other 4586955
Christopher Paul Vanslyke Managing member 1 May 2007 75% - 100% 2870730
Brooksher Lee Morgan Chief compliance officer 1 Mar 2013 Other 6013756
Kermit Johns Wealth manager 1 Oct 2013 Other 2949339
Morgan Holton Smith Wealth manager 1 Oct 2013 Other 4620769
Scott William O'brien Wealth manager 1 Oct 2013 Other 1236835
Inc Worthhold Holding company 1 Oct 2013 75% - 100% 46-3096472
Charles Larkin Stanley Wealth manager 1 Jan 2014 Other 1805936
Allison Brooke Blake Chief operational officer/chief compliance officer 1 Jul 2014 Other 5669353
Allison Brooke Reed Chief operational officer/chief compliance officer 1 Jul 2014 Other 5669353
Richard Dale Wilkinson Wealth manager 1 Feb 2015 Other 4141734
Joshua Isaiah Wilson Wealth manager 1 Jun 2015 Other 5279243
Matt Gregg Addington Wealth manager 1 Jan 2016 Other 5110554
Brooksher Lee Morgan Wealth manager 1 Apr 2018 Other 6013756
John Howes Chapman Wealth manager 1 Sep 2018 Other 5814089
Richard Dale Wilkinson Wealth manager 1 Dec 2018 Other 4141734
Inc Worthhold Holding company 1 Dec 2018 50% - 75% 46-3096472

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Christopher Paul Vanslyke President 1 Oct 2013 75% - 100% 2870730

Based in La Jolla

The principal office where Worthpointe, LLC performs its advisory services is located at 888 Prospect Street, La Jolla, CA 92037, which is also the mailing address of the firm. An additional office of the firm is in Austin, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-620-4232 or by fax 888-619-5666. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at wpwm.com.