Wacker Wealth Partners, LLC is a large advisory firm based in San Luis Obispo. It manages $831.92 million of regulatory assets for 618 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Oregon, Texas, and Washington.
Wacker Wealth Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, 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 Wacker Wealth Partners, LLC is $831.92 million. The firm's AUM has grown by 20% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Wacker Wealth Partners, LLC for their services and products based on a percentage of assets under management 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, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Robert Eugene Wacker is high net worth individuals with 324 clients and $619.3 million of assets under management. Among the 7 most similar advisory firms, Wacker Wealth Partners has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $825.39 million for 609 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.
Wacker Wealth Partners also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $100,000 for each fund.
The company employs 17 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 8 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Robert Eugene Wacker has been acting as President since 1 Jan 2008. Alexander No Mi Pock joined the executive team most recently as the Chief Compliance Officer.
The principal office where Wacker Wealth Partners, LLC performs its advisory services is located at 892 Aerovista Place, San Luis Obispo, CA 93401, 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 805-541-1308 or by fax 805-541-5517. The normal business hours are 8:00 a.m to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at rewacker.com.