Southern Wealth Management LLP (Dallas)

Name: Southern Wealth Management LLP
Address: 5005 Lbj Freeway, Dallas, TX, 75244
Telephone: 972-661-4600

Southern Wealth Management LLP is a large advisory firm based in Dallas. It manages $2.46 billion of regulatory assets for 73 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Louisiana and Texas.

Southern Wealth Management 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 consulting; accounting and tax preparation. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Southern Wealth Management: assets under management

The assets under management (AUM) of Southern Wealth Management LLP is $2.46 billion. The firm's AUM has grown by 10% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.95 billion in discretionary accounts and $509 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $84.85 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $10.18 million.

Southern Wealth Management has custody of $2.46 billion in cash and securities for 103 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is state and local bonds, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Southern Wealth Management LLP for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Southern Wealth Management serves?

The firm provides services to charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Southern Wealth Management is high net worth individuals with 92 clients and $2.39 billion of assets under management. Among the 7 most similar advisory firms, Southern Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.46 billion for 103 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.

Southern Wealth Management doesn't advise any private funds.

Careers at Southern Wealth Management LLP

The company employs 53 people that are either part- or full-time employees. 49 percent of the employees work as investment advisers or researchers. 26 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
Thomas Samuel Gile	Partner	1 Feb 2005	25% - 50%	2271184
Richard William Jones	Partner	1 Feb 2005	25% - 50%	3225373
Michael Lane Olson	Partner	1 Feb 2005	Other	5524739
Katherine Edge Mccloskey	Partner	1 Jan 2008	Other	5502411
Laura Marie Sweeney	Partner	1 Jan 2009	Other	2805101
Gery Joseph Sadzewicz	Chief compliance officer	1 Jan 2010	Other	1090963
Jeremy Thomas Head	Partner	1 Jan 2012	Other	2595329
Michael Alan Horlick	Partner	1 Dec 2017	Other	2651456
Anthony Charl Debruyn	Partner	1 Jan 2018	Other	854372
Philip Mark Debruyn	Partner	1 Jan 2018	Other	1564714
Anne F. Jones	Partner	1 Jan 2018	Other	5409878

Based in Dallas

The principal office where Southern Wealth Management LLP performs its advisory services is located at 5005 Lbj Freeway, Dallas, TX 75244, which is also the mailing address of the firm. An additional office of the firm is in New Orleans, LA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 972-661-4600 or by fax 972-934-8310. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at southernwealth.com.