Vesta Wealth Management, LLC (Miami Beach)

Name: Vesta Wealth Management, LLC
Address: 1688 Meridian Avenue, Miami Beach, FL, 33139
Telephone: 305-240-6670

Vesta Wealth Management, LLC is a large advisory firm based in Miami Beach. It manages $115.2 million of regulatory assets for 273 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Florida, and Texas.

Vesta Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and loan consulting/loan needs analysis. It prepares financial plans for more than 25 clients. On top of advisory services, the firm also engages as loan consulting.

Vesta Wealth Management: assets under management

The assets under management (AUM) of Vesta Wealth Management, LLC is $115.2 million. The firm's AUM has grown by 38% since the beginning of its operation, and $10.14 million of the total AUM is attributable to clients outside of the United States.

The firm manages $100.94 million in discretionary accounts and $14.26 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $593.79 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $138.44 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 45% of the total AUM. The second-largest asset type is state and local bonds, which make up 26% of the firm’s portfolio. Investments in investment grade corporate bonds form 25% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals and high net worth individuals. The largest group of clients of Vesta Wealth Management is high net worth individuals with 52 clients and $113.48 million of assets under management. Among the 10 most similar advisory firms, Vesta Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $115.2 million for 60 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 10% of the firm’s clients are foreign persons or businesses.

Vesta Wealth Management doesn't advise any private funds.

Careers at Vesta Wealth Management, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Daniele Ghiotti	President & chief compliance officer	1 Apr 2013	75% - 100%	4780584

Based in Miami Beach

The principal office where Vesta Wealth Management, LLC performs its advisory services is located at 1688 Meridian Avenue, Miami Beach, FL 33139 The mailing address of the firm is 382 North East 191 St Street, Miami, FL 33179. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 305-240-6670 or by fax 305-240-6669. The normal business hours are 9:00 am - 5:00 pm on Other. You can find more information about the New York firm at vestawealth.com and its LinkedIn profile.