Centerpoint Wealth Management, LLC (Zionsville)

Name: Centerpoint Wealth Management, LLC
Address: 56 N. Main Street, Zionsville, IN, 46077
Telephone: (317) 973-7700

Centerpoint Wealth Management, LLC is a large advisory firm based in Zionsville. It manages $160.69 million of regulatory assets for 231 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Indiana and Texas.

Centerpoint Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and tax and family office serv.. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Centerpoint Wealth Management: assets under management

The assets under management (AUM) of Centerpoint Wealth Management, LLC is $160.69 million. The firm's AUM has grown by 25% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $110.53 million in discretionary accounts and $50.16 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $531.4 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.18 million.

Centerpoint Wealth Management has custody of $3.82 million in cash and securities for 19 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 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

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

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Centerpoint Wealth Management is high net worth individuals with 51 clients and $94.15 million of assets under management. Among the 8 most similar advisory firms, Centerpoint Wealth Management has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $160.69 million for 97 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.

Centerpoint Wealth Management doesn't advise any private funds.

Careers at Centerpoint Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 2 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
Brian Joseph Brunner	Managing member	1 Dec 2001	75% - 100%	4519903
Sean Lowrie Mansell	Chief compliance officer	1 Mar 2011	Other	4378248
Gery Joseph Sadzewicz	Chief compliance officer	1 Nov 2011	Other	1090963

Based in Zionsville

The principal office where Centerpoint Wealth Management, LLC performs its advisory services is located at 56 N. Main Street, Zionsville, IN 46077, 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 (317) 973-7700 or by fax (317) 733-3555. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at centerpointwm.com.