Wealthspan Partners, LLC (Davenport)

Name: Wealthspan Partners, LLC
Address: 4620 East 53 Rd Street, Davenport, IA, 52807
Telephone: (309) 269-9188

Wealthspan Partners, LLC is a large advisory firm based in Davenport. It manages $118.6 million of regulatory assets for 340 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, Illinois, Iowa, Minnesota, and Texas.

Wealthspan Partners provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealthspan Partners: assets under management

The assets under management (AUM) of Wealthspan Partners, LLC is $118.6 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $115.04 million in discretionary accounts and $3.56 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $343.4 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $712.7 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment and business development companies, which make up 30% of the firm’s portfolio. Investments in investment grade corporate bonds form 16% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals and high net worth individuals. The largest group of clients of Wealthspan Partners is individuals with 277 clients and $63.68 million of assets under management. Among the 9 most similar advisory firms, Wealthspan Partners has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $118.6 million for 336 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.

Wealthspan Partners doesn't advise any private funds.

Careers at Wealthspan Partners, LLC

The company employs 4 people that are either part- or full-time employees. 50 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 James Ramsay	Senior wealth partner and chief compliance officer	1 Jun 2018	50% - 75%	4014246
Mark Donald Tholl	Senior wealth partner	1 Jun 2018	50% - 75%	2290346

Based in Davenport

The principal office where Wealthspan Partners, LLC performs its advisory services is located at 4620 East 53 Rd Street, Davenport, IA 52807, which is also the mailing address of the firm. An additional office of the firm is in Bradenton, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (309) 269-9188. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at wealthspanpartners.com and its LinkedIn profile.