Sagepoint Financial, Inc. (Phoenix)


Sagepoint Financial, Inc. is a large advisory firm based in Phoenix. It manages $7.99 billion of regulatory assets for 42,989 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Sagepoint Financial 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 educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sagepoint Financial: assets under management

The assets under management (AUM) of Sagepoint Financial, Inc. is $7.99 billion. The firm's AUM has grown by 264% since the beginning of its operation, and $3.12 million of the total AUM is attributable to clients outside of the United States.

The firm manages $5.34 billion in discretionary accounts and $2.65 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $212.99 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $147.84 thousand.
Sagepoint Financial has custody of $120.53 million in cash and securities for 446 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 55% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% 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 Sagepoint Financial, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 James David Ballard serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of James David Ballard is individuals with 26,007 clients and $4.54 billion of assets under management. Among the 6 most similar advisory firms, Sagepoint Financial has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $7.99 billion for 31,462 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.

Sagepoint Financial doesn't advise any private funds.

Careers at Sagepoint Financial, Inc.

The company employs 1,957 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. 1,120 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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 receive compensation from other entities for client referrals.

James David Ballard has been acting as President since 1 Nov 2014. Ag Parent Corporation joined the executive team most recently as the Shareholder.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Aig Advisor Group Inc. Shareholder 1 Sep 2004 75% - 100% 86-0623854
Advisor Group Inc. Shareholder 1 Sep 2004 75% - 100% 86-0623854
Inc. Advisor Group Shareholder 1 Sep 2004 75% - 100% 86-0623854
Steven Elliot Rothstein Director, e.v.p.,cfo, treasurer 1 Sep 2004 Other 1292456
Susanne Marie Denby V.p., chief compliance officer 1 Sep 2004 Other 2617514
Randy Epright Chief operating officer 1 Mar 2008 Other xxx-xx-xxxx
Jeffrey Michael Auld Director, chief executive officer, president 1 Jun 2008 Other 857528
Noah David Sorkin Executive vice president, general counsel and secretary 1 Jun 2008 Other 1832767
Ralph Lawrence Roth Director 1 Jul 2008 Other 1432179
Jerome John Murphy Director 1 Jul 2008 Other 2796596
James Burke Brown Senior vice president national sales 1 Oct 2008 Other 1664825
William Gerard Peet Minicipal prinicipal 1 May 2009 Other 2139630
Inger Wilson Fields Vice president, treasurer and finop 1 Feb 2010 Other 1690043
Mary Kathryn Simonson Chief compliance officer 1 Sep 2010 Other 1297398
Craig Harold Dahmen Senior vice president and chief financial officer, assistant treasurer 1 Mar 2012 Other 3245626
Joseph Daniel Jr Neary Chief compliance officer-ria 1 May 2012 Other 2993505
Erica Maja Mcginnis Head of supervision 1 May 2012 Other 2380497
Ken Muraoka Head of compliance 1 May 2012 Other 4271620
Matthew Adam Schlueter Chiefoperations officer 1 May 2012 Other 2627931
Helen Howard Prater Director, senior vice president, operations 1 May 2012 Other 1354495
Erica Maja Mcginnis Chief compliance officer, investment advisory 1 Apr 2013 Other 2380497
Sally Hanson Bourdamis Vice president, brokerage services 1 Apr 2013 Other 1812157
William Thomas Jr Devanney Vice president, tax officer 1 Apr 2013 Other 2130088
Erica Maja Mcginnis Director, chairperson 1 Oct 2013 Other 2380497
Kenneth Ray Goodall Chief compliance officer, investment advisory 1 Oct 2013 Other 2682569
Justin Ives Sacca Vice president, chief compliance officer 1 May 2014 Other 4043711
Henry Jr. Sanchez Ia only compliance officer 1 May 2014 Other 4711576
Robert John Guldner Chief compliance officer, investment advisory 1 Aug 2014 Other 2283980
Matthew Adam Schlueter Chief administrative officer, evp 1 Nov 2014 Other 2627931
James David Ballard Director 1 Nov 2014 Other 1714327
Matthew Adam Schlueter Director, chief operations officer, evp 1 May 2015 Other 2627931
Thomas Blake Sidlo Minicipal prinicipal 1 Jan 2016 Other 1012276
Valerie Gay Brown Chairperson 1 Aug 2016 Other 4619265
Ahmed Saad Hassanein Chief accounting officer, finop 1 Aug 2016 Other 2888045
James Dale Price Chairman 1 Nov 2016 Other 1243224
David Martin Schmidt Treasurer and financial operations principal, fnop 1 Mar 2017 Other 5675524
Cynthia A Hamel Director, chief operations officer, evp 1 May 2017 Other 3014361
Cynthia Ann Hamel Chief operations officer, evp 1 May 2017 Other 3014361
Nina Schloesser Mckenna Executive vice president, general counsel, secretary 1 Jun 2017 Other 6302448
Steven David Schlegel Vice president, chief compliance officer 1 Mar 2019 Other 2210096
Matthew Adam Schlueter Director, evp 1 Mar 2019 Other 2627931

Indirect Owners

The SEC currently registers 29 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Sunamerica Investment Shareholder 1 Sep 1990 75% - 100% 52-1128427
Inc. Sunamerica Investments Shareholder 1 Sep 1990 75% - 100% 52-1128427
Inc. Aig Advisor Group Shareholder 1 Oct 1997 75% - 100% 86-0623864
Inc. American International Group Shareholder 1 Jan 1999 75% - 100% 13-2592361
Inc. Aig Retirement Services Shareholder 1 Jan 1999 25% - 50% 95-4715639
Sunamerica Financial Group Shareholder 1 Jan 1999 25% - 50% 95-4715639
Sunamerica Life Insurance Co. Shareholder 1 Jan 1999 50% - 75% 52-0502540
Sunamerica Life Insurance Company Shareholder 1 Jan 1999 50% - 75% 52-0502540
Inc. Sunamerica Financial Group Shareholder 1 Jan 1999 75% - 100% 74-0483432
Sunamerica Life Insurance Co. Shareholder 1 Jan 2004 50% - 75% 52-0502540
Inc. Aig Retirement Services Shareholder 1 Jan 2004 75% - 100% 95-4715639
Sunamerica Financial Group Shareholder 1 Jan 2004 75% - 100% 95-4715639
Inc. Safg Retirement Services Shareholder 1 Apr 2012 25% - 50% 95-4715639
American General Life Insurance Company Shareholder 1 Dec 2012 75% - 100% 25-0598210
Agc Life Insurance Company Shareholder 1 Dec 2012 50% - 75% 76-0030921
Inc. Aig Life Holding Shareholder 1 Dec 2012 75% - 100% 74-0483432
Inc. Sunamerica Financial Group Shareholder 1 Dec 2012 75% - 100% 74-0483432
Inc. Advisor Group.Holdings Shareholder 1 May 2016 75% - 100% 81-1294994
Lp Lightyear Fund Iii Shareholder 1 May 2016 25% - 50% 90-0652041
Lp Lightyear Fund Iii Gp General partner 1 May 2016 Other 90-0652029
Llc Lightyear Fund Iii Gp Holdings General partner 1 May 2016 75% - 100% 80-0678434
Llc Ly Holdings Managing member 1 May 2016 75% - 100% 46-4629703
Mark Francis Vassallo Managing member 1 May 2016 75% - 100% 1311427
Inc. Advisor Group Holdings Shareholder 1 May 2016 75% - 100% 81-1294994
L.P. Lightyear Fund Iii Shareholder 1 May 2016 50% - 75% 90-0652041
Ag Parent Corporation Shareholder 1 Aug 2019 75% - 100% 84-1770050
Ag Intermediate Corporation Shareholder 1 Aug 2019 75% - 100% 38-4119398
L.P. Ag Artemis Holdings Shareholder 1 Aug 2019 75% - 100% 84-1759446
L.P. Rcp Artemis Co Invest Shareholder 1 Aug 2019 75% - 100% 98-1496057

Based in Phoenix

The principal office where Sagepoint Financial, Inc. performs its advisory services is located at 20 E. Thomas Road, Phoenix, AZ 85012, which is also the mailing address of the firm. An additional office of the firm is in Fort Lauderdale, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 1-800-552-3319 EXT 2606. 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 sagepointfinancial.com.