Enso Wealth Management, LLC (Petaluma)


Enso Wealth Management, LLC is a large advisory firm based in Petaluma. It manages $967.53 million of regulatory assets for 3,611 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of California.

Enso Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Enso Wealth Management: assets under management

The assets under management (AUM) of Enso Wealth Management, LLC is $967.53 million. The firm's AUM has grown by 185% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $913 million in discretionary accounts and $54.53 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $255.17 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.65 million.
Enso Wealth Management has custody of $130.6 million in cash and securities for 470 clients in total but doesn’t act as a qualified custodian.

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 exchange traded securities, which make up 29% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Enso Wealth Management, LLC for their services and products based on a percentage of assets under management, fixed fees, and commissions. 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.

What kind of clients Enso Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, business development companies, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Enso Wealth Management is high net worth individuals with 295 clients and $543.33 million of assets under management. Among the 11 most similar advisory firms, Enso Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $967.53 million for 1,914 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.

Enso Wealth Management doesn't advise any private funds.

Careers at Enso Wealth Management, LLC

The company employs 9 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 6 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.

Andrew Erik Thompson joined the executive team most recently as the Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
James Christopher Decota Managing member, chief compliance officer 1 Feb 2017 Other 4651010
Daren Blonski Managing member 1 Feb 2017 Other 5974079
Noah Benjamin Jacobson Managing member 1 Feb 2017 Other 5470622
William George Demar Managing member 1 Feb 2017 Other 4550874
Taylor Mcclellan Greenleaf Member 1 Jul 2017 Other 4110252
Joanna Christine Cryan Aiken Member & chief compliance officer 1 Apr 2018 Other 2485909
Toussaint Bailey Chief executive officer 1 Apr 2018 Other 6955049
David Robert Jones Member 1 Aug 2018 Other 4012341
Joseph K Stern Member & chief compliance officer 1 Oct 2018 Other 2274803
Mark Stephen Clure Member 1 Dec 2018 Other 2477274
Andrew Erik Thompson Member 1 May 5018 Other 4616616

Based in Petaluma

The principal office where Enso Wealth Management, LLC performs its advisory services is located at 140 Second Street, Petaluma, CA 94952, which is also the mailing address of the firm. An additional office of the firm is in Sonoma, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 707-981-7584 or by fax 707-981-8137. The normal business hours are m-th 8:00am- 4:00pm, f 8:00am- 2:00pm on Monday - Friday. You can find more information about the New York firm at ensowm.com.