Vigilare Wealth Management LLC (Scottsdale)

Name: Vigilare Wealth Management LLC
Address: 8585 East Hartford Drive, Scottsdale, AZ, 85255
Telephone: (480) 636-8292

Vigilare Wealth Management LLC is a large advisory firm based in Scottsdale. It manages $244.1 million of regulatory assets for 447 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Arizona, California, Colorado, Nevada, and Texas.

Vigilare Wealth Management provides financial planning services, portfolio management for individuals and small businesses, market timing services, and performance based management. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Vigilare Wealth Management: assets under management

The assets under management (AUM) of Vigilare Wealth Management LLC is $244.1 million. The firm's AUM has grown by 282% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $227.86 million in discretionary accounts and $16.25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $529.9 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $955.62 thousand.

Vigilare Wealth Management has custody of $106.18 million in cash and securities for 138 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 36% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Vigilare Wealth Management LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Vigilare Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Vigilare Wealth Management is high net worth individuals with 46 clients and $194.14 million of assets under management. Among the 11 most similar advisory firms, Vigilare Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $233.89 million for 118 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.

Vigilare Wealth Management doesn't advise any private funds.

Careers at Vigilare Wealth Management LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Jason Scott Polit	Owner, managing member	1 Jun 2011	50% - 75%	3050647
Zeljko Jag Zdrale	Owner, managing member	1 Jun 2011	50% - 75%	5103342
Racquel Leigh Kolsrud	Owner, managing member, chief compliance officer	1 Jun 2011	25% - 50%	4131680
Timothy Andrew Maiefski	Owner, managing member	1 Jun 2011	25% - 50%	2708450
Christopher Lee Bennett	Cheif compliance officer	1 Jan 2015	Other	4299151
Christopher Lee Bennett	Chief compliance officer	1 Mar 2015	Other	4299151

Based in Scottsdale

The principal office where Vigilare Wealth Management LLC performs its advisory services is located at 8585 East Hartford Drive, Scottsdale, AZ 85255, which is also the mailing address of the firm. An additional office of the firm is in San Diego, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (480) 636-8292 or by fax (480) 636-8209. The normal business hours are 8:00 to 5:00 on Monday - Friday. You can find more information about the New York firm at vigilarewealth.com.