Financial Gravity Wealth, Inc. (Allen)
Financial Gravity Wealth, Inc. is a large advisory firm based in Allen. It manages $168.35 million of regulatory assets for 1,927 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arkansas, California, Colorado, and 15 other states.
Financial Gravity Wealth provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Financial Gravity Wealth: assets under management
The assets under management (AUM) of Financial Gravity Wealth, Inc. is $168.35 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 66% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is investment and business development companies, which make up 15% of the firm’s portfolio.Fees & Commissions
The advisory firm has a single stream of revenue. Clients pay Financial Gravity Wealth, Inc. for their services and products based on a percentage of assets under management. 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 Financial Gravity Wealth serves?
The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Financial Gravity Wealth is individuals with 597 clients and $104.22 million of assets under management. Among the 7 most similar advisory firms, Financial Gravity Wealth has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $168.35 million for 638 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.
Financial Gravity Wealth doesn't advise any private funds.
Careers at Financial Gravity Wealth, Inc.
The company employs 31 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 22 employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people 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
Indirect Owners
The SEC currently registers 3 indirect owners.Based in Allen
The principal office where Financial Gravity Wealth, Inc. performs its advisory services is located at 800 North Watters Road, Allen, TX 75013, which is also the mailing address of the firm. An additional office of the firm is in Lubbock, TX. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (469) 342-9100 or by fax (469) 342-9100. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at financialgravity.com.
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