Loveless Wealth Management, LLC is a large advisory firm based in Billings. It manages $139.16 million of regulatory assets for 568 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Montana, Nebraska, North Dakota, South Dakota, and Texas.
Loveless Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Loveless Wealth Management, LLC is $139.16 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 117% 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 Loveless Wealth Management, LLC for their services and products based on a percentage of assets under management and hourly charges. 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 and high net worth individuals. The largest group of clients of Loveless Wealth Management is high net worth individuals with 54 clients and $97 million of assets under management. Among the 9 most similar advisory firms, Loveless Wealth Management has the 5th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $139.16 million for 257 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.
Loveless Wealth Management doesn't advise any private funds.
The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.
The principal office where Loveless Wealth Management, LLC performs its advisory services is located at 2615 Saint Johns Ave., Billings, MT 59102, 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 406-656-9212 or by fax 406-652-1065. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at loveless-wealth.com.