Calvary Wealth, LLC (Augusta)

Name: Calvary Wealth, LLC
Address: 3740 Executive Center Drive, Augusta, GA, 30907
Telephone: 706-855-0170

Calvary Wealth, LLC is a large advisory firm based in Augusta. It manages $99.78 million of regulatory assets for 397 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Georgia, Louisiana, and South Carolina.

Calvary Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and financial consulting. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Calvary Wealth: assets under management

The assets under management (AUM) of Calvary Wealth, LLC is $99.78 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -39% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $99.78 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $251.33 thousand each.

Calvary Wealth has custody of $44.65 million in cash and securities for 50 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 89% of the total AUM. The second-largest asset type is state and local bonds, which make up 6% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Calvary Wealth, LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Calvary Wealth serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Calvary Wealth is high net worth individuals with 45 clients and $80.56 million of assets under management. Among the 5 most similar advisory firms, Calvary Wealth has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $99.78 million for 77 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.

Calvary Wealth doesn't advise any private funds.

Careers at Calvary Wealth, LLC

The company employs 2 people that are either part- or full-time employees. 50 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
Broadus William Cleveland	Partner, founder	1 Jan 2007	Other	4807476
Inc. Cleveland Wealth Advisors	Member	1 Jan 2007	75% - 100%	20-5998510
B. William Cleveland	Partner, founder	1 Jan 2007	Other	4807476
B. William Cleveland	Chief compliance officer	1 Jan 2017	Other	4807476
Broadus William Cleveland	Chief compliance officer	1 Jan 2017	Other	4807476
Clayton Rolf Quamme	Chief compliance officer	1 Feb 2018	Other	6025155

Based in Augusta

The principal office where Calvary Wealth, LLC performs its advisory services is located at 3740 Executive Center Drive, Augusta, GA 30907, which is also the mailing address of the firm. An additional office of the firm is in Columbia, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 706-855-0170. The normal business hours are by appointment only on Other. You can find more information about the New York firm at calvarywealth.com.