Wealth Advisory Solutions, LLC (Zionsville)

Name: Wealth Advisory Solutions, LLC
Address: 23 E. Cedar St., Zionsville, IN, 46077
Telephone: 317-732-2075

Wealth Advisory Solutions, LLC is a large advisory firm based in Zionsville. It manages $192.99 million of regulatory assets for 1,184 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Colorado, and 11 other states.

Wealth Advisory Solutions provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealth Advisory Solutions: assets under management

The assets under management (AUM) of Wealth Advisory Solutions, LLC is $192.99 million. The firm's AUM has grown by 218% since the beginning of its operation, and $1.3 million of the total AUM is attributable to clients outside of the United States.

The firm manages $189.42 million in discretionary accounts and $3.57 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $169.43 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $54.14 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 51% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% 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 Wealth Advisory Solutions, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Wealth Advisory Solutions serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Wealth Advisory Solutions is individuals with 572 clients and $104.15 million of assets under management. Among the 12 most similar advisory firms, Wealth Advisory Solutions has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $189.19 million for 686 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Wealth Advisory Solutions doesn't advise any private funds.

Careers at Wealth Advisory Solutions, LLC

The company employs 19 people that are either part- or full-time employees. 68 percent of the employees work as investment advisers or researchers. 8 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
Kimberly Jo Custer	Managing member	1 Jun 2017	25% - 50%	3070629
Tyler Ray Needler	Managing member	1 Jun 2017	25% - 50%	5660871
Steven Paul Kyburz	Managing member	1 Jun 2017	25% - 50%	6819329
Bradley Richard Stark	Chief compliance officer	1 Jun 2017	Other	4094102
Bryan Charles Haft	Chief compliance officer	1 Oct 2017	Other	2313491
Matthew Ashley Swendiman	Chief compliance officer	1 Aug 2019	Other	2849367

Based in Zionsville

The principal office where Wealth Advisory Solutions, LLC performs its advisory services is located at 23 E. Cedar St., Zionsville, IN 46077, which is also the mailing address of the firm. An additional office of the firm is in Indianapolis, IN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 317-732-2075. The normal business hours are 8:30 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at intelligentdesignadvisors.com.