1776 Wealth LLC (Sandy Springs)

Name: 1776 Wealth LLC
Address: 750 Hammond Drive, Sandy Springs, GA, 30328
Telephone: 678-257-2730

1776 Wealth LLC is a large advisory firm based in Sandy Springs. It manages $145.8 million of regulatory assets for 320 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Georgia, and Texas.

1776 Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and sub-advisory, advisory consulting, & family office services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

1776 Wealth: assets under management

The assets under management (AUM) of 1776 Wealth LLC is $145.8 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 40% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $145.8 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $455.63 thousand each.

1776 Wealth has custody of $4 million in cash and securities for 43 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 42% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 24% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay 1776 Wealth 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 1776 Wealth serves?

The firm provides services to individuals and pension and profit sharing plans. The largest group of clients of 1776 Wealth is individuals with 60 clients and $142.8 million of assets under management. Among the 5 most similar advisory firms, 1776 Wealth has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $145.8 million for 64 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.

1776 Wealth doesn't advise any private funds.

Careers at 1776 Wealth LLC

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 2 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
Sean David O'toole	Managing partner	1 Jan 2017	75% - 100%	2738074
Deanna Leigh Suarez	Chief compliance officer	1 Jan 2017	Other	4868261

Based in Sandy Springs

The principal office where 1776 Wealth LLC performs its advisory services is located at 750 Hammond Drive, Sandy Springs, GA 30328, 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 678-257-2730 or by fax 678-559-0221. The normal business hours are 8:00 a.m. - 6:00 p.m. on Monday - Friday. You can find more information about the New York firm at 1776wealth.com.