Corepath Wealth Partners LLC (Scottsdale)

Name: Corepath Wealth Partners LLC
Address: 7114 E. Stetson Drive, Scottsdale, AZ, 85251
Telephone: (480) 448-0334

Corepath Wealth Partners LLC is a large advisory firm based in Scottsdale. It manages $110.11 million of regulatory assets for 681 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Arizona, California, Colorado, and 4 other states.

Corepath Wealth Partners provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, 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.

Corepath Wealth Partners: assets under management

The assets under management (AUM) of Corepath Wealth Partners LLC is $110.11 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $86.95 million in discretionary accounts and $23.15 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $163.45 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $155.39 thousand.

Corepath Wealth Partners has custody of $2.49 million in cash and securities for 16 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 81% of the total AUM. The second-largest asset type is investment and business development companies, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Corepath Wealth Partners LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mark Alan Bonnett serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Mark Alan Bonnett is individuals with 652 clients and $61.35 million of assets under management. Among the 10 most similar advisory firms, Corepath Wealth Partners has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $110.11 million for 681 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.

Corepath Wealth Partners doesn't advise any private funds.

Careers at Corepath Wealth Partners LLC

The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 5 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.

Mark Alan Bonnett has been acting as President since 1 Dec 2018. Richard Derek Schultenover joined the executive team most recently as the Financial Advisor And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Corepath Holdings Llc	Managing member	1 Dec 2018	75% - 100%	83-2740438
Mark Alan Bonnett	President	1 Dec 2018	Other	3069882
Richard Derek Schultenover	Financial advisor and chief compliance officer	1 Jan 2019	Other	4205794

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mark Alan Bonnett	Managing member	1 Jun 2004	75% - 100%	3069882
Bonnett Investment Group Llc	Managing member	1 Dec 2018	75% - 100%	20-3107899

Based in Scottsdale

The principal office where Corepath Wealth Partners LLC performs its advisory services is located at 7114 E. Stetson Drive, Scottsdale, AZ 85251, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (480) 448-0334. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at corepathwealthpartners.com.