Jgp Wealth Management, LLC (Portland)

Jgp Wealth Management, LLC is a large advisory firm based in Portland. It manages $511.84 million of regulatory assets for 1,483 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 4 other states.

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

Jgp Wealth Management: assets under management

The assets under management (AUM) of Jgp Wealth Management, LLC is $511.84 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 19% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $511.84 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $345.14 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is investment and business development companies, which make up 33% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Jgp Wealth Management, 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 Jgp Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and state or municipal government entities. The largest group of clients of Jgp Wealth Management is high net worth individuals with 247 clients and $453.25 million of assets under management. Among the 5 most similar advisory firms, Jgp Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $511.84 million for 432 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.

Jgp Wealth Management doesn't advise any private funds.

Careers at Jgp Wealth Management, LLC

The company employs 11 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 7 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Jeff Paustian	Managing member	1 Jan 2018	50% - 75%	2376884
Kevin Douglas Sanger	Managing member & chief compliance officer	1 Jan 2018	50% - 75%	2794574

Based in Portland

The principal office where Jgp Wealth Management, LLC performs its advisory services is located at 760 Sw 9 Th Avenue, Suite 2350, Portland, OR 97205, 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 503-446-6450. The normal business hours are 6am-4pm on Monday - Friday.