Mariaca Wealth Management, LLC (Lake Worth)

Name: Mariaca Wealth Management, LLC
Address: 8401 Lake Worth Road, Lake Worth, FL, 33467
Telephone: 561-650-8061

Mariaca Wealth Management, LLC is a large advisory firm based in Lake Worth. It manages $131.68 million of regulatory assets for 498 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Colorado, Florida, Illinois, and 4 other states.

Mariaca Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mariaca Wealth Management: assets under management

The assets under management (AUM) of Mariaca Wealth Management, LLC is $131.68 million. The firm's AUM has grown by 28% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $109.6 million in discretionary accounts and $22.08 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $220.52 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $22.08 million.

Investments

The firm invests in investment and business development companies the most. They account for 92% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Mariaca Wealth Management, LLC for their services and products based on a percentage of assets under management. 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 Mariaca Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mariaca Wealth Management is high net worth individuals with 35 clients and $53.83 million of assets under management. Among the 7 most similar advisory firms, Mariaca Wealth Management has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $131.68 million for 267 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.

Mariaca Wealth Management doesn't advise any private funds.

Careers at Mariaca Wealth Management, LLC

The company employs 7 people that are either part- or full-time employees. 57 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Sergio Arturo Mariaca	Managing member/chief compliance officer	1 Apr 2009	50% - 75%	2966227
Andrea Lynn Mariaca	Member	1 Apr 2009	25% - 50%	5112739

Based in Lake Worth

The principal office where Mariaca Wealth Management, LLC performs its advisory services is located at 8401 Lake Worth Road, Lake Worth, FL 33467, 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 561-650-8061 or by fax 561-828-2335. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at mariacawealth.com.