Wager Wealth Management And Financial Planning LLC (Longmont)

Wager Wealth Management And Financial Planning LLC is a large advisory firm based in Longmont. It manages $104.15 million of regulatory assets for 445 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Colorado, and 6 other states.

Wager Wealth Management And Financial Planning provides financial planning services, portfolio management for individuals and small businesses, and consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wager Wealth Management And Financial Planning: assets under management

The assets under management (AUM) of Wager Wealth Management And Financial Planning LLC is $104.15 million. The firm's AUM has grown by 2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $100.23 million in discretionary accounts and $3.91 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $230.96 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $355.57 thousand.

Wager Wealth Management And Financial Planning has custody of $1.7 million in cash and securities for 4 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 87% 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 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wager Wealth Management And Financial Planning 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 Wager Wealth Management And Financial Planning serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Wager Wealth Management And Financial Planning is high net worth individuals with 40 clients and $64.67 million of assets under management. Among the 10 most similar advisory firms, Wager Wealth Management And Financial Planning has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $104.15 million for 136 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.

Wager Wealth Management And Financial Planning doesn't advise any private funds.

Careers at Wager Wealth Management And Financial Planning LLC

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Glenn Adam Wager	Owner, managing member, chief compliance officer	1 Aug 2016	75% - 100%	2286731

Based in Longmont

The principal office where Wager Wealth Management And Financial Planning LLC performs its advisory services is located at 4204 Redmond Dr., Longmont, CO 80503, 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 720-745-5010 or by fax 303-226-5607. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday.