Sculati Wealth Management, LLC (Bloomfield Hills)

Name: Sculati Wealth Management, LLC
Address: 7457 Franklin Road, Suite 222, Bloomfield Hills, MI, 48301
Telephone: 248-325-9947

Sculati Wealth Management, LLC is a large advisory firm based in Bloomfield Hills. It manages $150.5 million of regulatory assets for 718 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Florida, Louisiana, and 3 other states.

Sculati Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sculati Wealth Management: assets under management

The assets under management (AUM) of Sculati Wealth Management, LLC is $150.5 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 28% since the beginning of its operation, and $115 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $150.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $209.61 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 71% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 11% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Sculati Wealth Management, LLC for their services and products based on a percentage of assets under management. 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 David John Sculati serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of David John Sculati is high net worth individuals with 50 clients and $101.7 million of assets under management. Among the 11 most similar advisory firms, Sculati Wealth Management has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $150.5 million for 275 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.

Sculati Wealth Management doesn't advise any private funds.

Careers at Sculati Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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.

David John Sculati has been acting as President since 1 Jul 2011. Nathan Aaron Hawrot joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David John Sculati	President	1 Jul 2011	75% - 100%	2803421
Nathan Aaron Hawrot	Chief compliance officer	1 Jan 2017	Other	6032364

Based in Bloomfield Hills

The principal office where Sculati Wealth Management, LLC performs its advisory services is located at 7457 Franklin Road, Suite 222, Bloomfield Hills, MI 48301, 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 248-325-9947 or by fax 248-325-9952. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at sculatiwealth.com.