Patriot Wealth Management, Inc. is a large advisory firm based in Houston. It manages $1.86 billion of regulatory assets for 1,921 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Arizona, Arkansas, California, and 18 other states.
Patriot Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Patriot Wealth Management, Inc. is $1.86 billion. The firm's AUM has grown by 2813% since the beginning of its operation, and $19.27 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Patriot Wealth Management, Inc. 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.
The firm provides services to individuals, other investment advisers, and high net worth individuals. The largest group of clients of Patriot Wealth Management is high net worth individuals with 393 clients and $1.8 billion of assets under management. Among the 10 most similar advisory firms, Patriot Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.86 billion for 555 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.
Patriot Wealth Management doesn't advise any private funds.
The company employs 15 people that are either part- or full-time employees. 87 percent of the employees work as investment advisers or researchers. 11 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.
Robert Charles Leslie has served as the Chief Investment Officer since 1 Jul 2013. Charles David Scavone joined the executive team most recently as the Chief Investment Officer.
The principal office where Patriot Wealth Management, Inc. performs its advisory services is located at 1800 Bering Drive, Houston, TX 77057, 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 713-344-9300 or by fax 713-344-9299. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at patriotwealth.com/.