Wealthstone Family Office LLC (Columbus)

Name: Wealthstone Family Office LLC
Address: 5000 Horizons Dr, Columbus, OH, 43220
Telephone: 614-267-2600

Wealthstone Family Office LLC is a large advisory firm based in Columbus. It manages $754.76 million of regulatory assets for 822 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of California, Florida, Georgia, and 7 other states.

Wealthstone Family Office provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealthstone Family Office: assets under management

The assets under management (AUM) of Wealthstone Family Office LLC is $754.76 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $754.76 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $918.2 thousand each.

Wealthstone Family Office has custody of $343.5 million in cash and securities for 139 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 70% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in investment grade corporate bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealthstone Family Office LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James Howard Wyland serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of James Howard Wyland is high net worth individuals with 110 clients and $549.04 million of assets under management. Among the 10 most similar advisory firms, Wealthstone Family Office has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $658.52 million for 300 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.

Wealthstone Family Office doesn't advise any private funds.

Careers at Wealthstone Family Office LLC

The company employs 24 people that are either part- or full-time employees. 46 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

James Howard Wyland has been acting as President since 1 Sep 1986. Jack P Zhang joined the executive team most recently as the Director Of Research & Risk Management.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Howard Wyland	Chairman	1 Sep 1986	Other	473655
Brian Richard Stertzer	Director, investments	1 Dec 2008	Other	1155660
Glenn David Southwick	Chief compliance officer	1 Jan 2016	Other	6609983
Norman Gary Cook	President and ceo	1 Aug 2018	Other	2470898
Jack P Zhang	Director of research & risk management	1 Jan 2019	Other	6844525
Inc. Wealthstone Holdings	Member	1 Jan 2019	75% - 100%	83-2833658

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
James Howard Wyland	President	1 Jan 2019	75% - 100%	473655

Based in Columbus

The principal office where Wealthstone Family Office LLC performs its advisory services is located at 5000 Horizons Dr, Columbus, OH 43220, which is also the mailing address of the firm. An additional office of the firm is in Hilton Head, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 614-267-2600 or by fax 614-267-2700. 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 wealthstonearmada.com and its LinkedIn profile.