Wcg Wealth Advisors, LLC (Las Vegas)

Name: Wcg Wealth Advisors, LLC
Address: 8925 West Post Road Suite 200, Las Vegas, NV, 89148
Telephone: 702-263-1919

Wcg Wealth Advisors, LLC is a large advisory firm based in Las Vegas. It manages $1.41 billion of regulatory assets for 6,538 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 38 other states.

Wcg Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wcg Wealth Advisors: assets under management

The assets under management (AUM) of Wcg Wealth Advisors, LLC is $1.41 billion. The firm's AUM has grown by 359% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.3 billion in discretionary accounts and $113.4 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $204.01 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $596.84 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 58% of the total AUM. The second-largest asset type is other assets, which make up 24% of the firm’s portfolio. Investments in exchange traded securities form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wcg Wealth Advisors, 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 Wcg Wealth Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Wcg Wealth Advisors is individuals with 4,532 clients and $957.76 million of assets under management. Among the 10 most similar advisory firms, Wcg Wealth Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.41 billion for 5,069 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Wcg Wealth Advisors doesn't advise any private funds.

Careers at Wcg Wealth Advisors, LLC

The company employs 153 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. 85 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
Charles Gilbert Hall	Managing member, chief compliance officer	1 Sep 2014	75% - 100%	233975
Jimmy Lee	Ceo	1 Oct 2014	Other	2588186
John Rovinsky Ewing	Member, cco, cfo, coo	1 Oct 2014	Other	5540679
The 1970 Lee Trust	Owner	1 Oct 2014	75% - 100%	xxx-xx-xxxx
James Patrick Hogan	Cco	1 Oct 2016	Other	859153
Shelley Jo Echeverria	Cco	1 Oct 2017	Other	859153

Based in Las Vegas

The principal office where Wcg Wealth Advisors, LLC performs its advisory services is located at 8925 West Post Road Suite 200, Las Vegas, NV 89148, which is also the mailing address of the firm. An additional office of the firm is in Cupertino, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 702-263-1919 or by fax 702-263-7273. The normal business hours are 8 am - 5 pm on Monday - Friday. You can find more information about the New York firm at wealthcg.com.