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.
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.
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 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. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
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.
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.
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.