The Wealth Conservancy, Inc. (Boulder)


The Wealth Conservancy, Inc. is a large advisory firm based in Boulder. It manages $101.93 million of regulatory assets for 287 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Louisiana, New Hampshire, and Texas.

The Wealth Conservancy provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, educational seminars and workshops, and wealth coaching. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Wealth Conservancy: assets under management

The assets under management (AUM) of The Wealth Conservancy, Inc. is $101.93 million. The firm's AUM has grown by 76% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $77.49 million in discretionary accounts and $24.44 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $423.42 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $235.05 thousand.
The Wealth Conservancy has custody of $17.8 million in cash and securities for 5 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 54% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Wealth Conservancy, Inc. for their services and products based on a percentage of assets under management and fixed fees. 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.

What kind of clients The Wealth Conservancy serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of The Wealth Conservancy is high net worth individuals with 22 clients and $87.18 million of assets under management. Among the 7 most similar advisory firms, The Wealth Conservancy has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $96.35 million for 53 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.

The Wealth Conservancy doesn't advise any private funds.

Careers at The Wealth Conservancy, Inc.

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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
Myra Lynn Salzer President, chief compliance officer 1 Jun 1983 75% - 100% 4383206
Steven Peter Henningsen Chief compliance officer 1 Oct 2004 Other 2416247
Steven Peter Henningsen Partner 1 Jan 2006 Other 2416247
Raquel Sue Hinman Chief compliance officer 1 Nov 2008 Other 2460856

Based in Boulder

The principal office where The Wealth Conservancy, Inc. performs its advisory services is located at 1525 Spruce Street, Boulder, CO 80302, 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 303-444-1919 or by fax 303-444-1479. The normal business hours are 8:00am - 4:30pm on Monday - Friday. You can find more information about the New York firm at thewealthconservancy.com.