Sutton Wealth Advisors, Inc. (Tampa)

Name: Sutton Wealth Advisors, Inc.
Address: 3708 West Swann Avenue, Tampa, FL, 33609
Telephone: 813-514-1800

Sutton Wealth Advisors, Inc. is a large advisory firm based in Tampa. It manages $246.95 million of regulatory assets for 407 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Florida, Georgia, Louisiana, North Carolina, and Texas.

Sutton Wealth Advisors 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.

Sutton Wealth Advisors: assets under management

The assets under management (AUM) of Sutton Wealth Advisors, Inc. is $246.95 million. The firm's AUM has grown by 115% since the beginning of its operation, and $709.38 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $242.68 million in discretionary accounts and $4.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $600.7 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.42 million.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment and business development companies, which make up 42% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sutton Wealth Advisors, Inc. 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 Wallace Edward Sutton serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Wallace Edward Sutton is high net worth individuals with 49 clients and $186.41 million of assets under management. Among the 11 most similar advisory firms, Sutton Wealth Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $246.95 million for 172 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.

Sutton Wealth Advisors doesn't advise any private funds.

Careers at Sutton Wealth Advisors, Inc.

The company employs 7 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. 2 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
Wallace Edward Sutton	President/chief compliance officer	1 Sep 2007	75% - 100%	1240377

Based in Tampa

The principal office where Sutton Wealth Advisors, Inc. performs its advisory services is located at 3708 West Swann Avenue, Tampa, FL 33609, 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 813-514-1800 or by fax 813-514-1877. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at suttonwealth.com.