Tanager Wealth Management LLP (London,)

Name: Tanager Wealth Management LLP
Address: 3 Rd Floor, London,, Wc2 A 2 Jr
Telephone: 44 20 3965 6330

Tanager Wealth Management LLP is an adviser based in London,. It manages $84.75 million of regulatory assets for 46 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Pennsylvania, and Texas.

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

Tanager Wealth Management: assets under management

The assets under management (AUM) of Tanager Wealth Management LLP is $84.75 million. The firm's AUM has grown by 437% since the beginning of its operation, and $8.61 million of the total AUM is attributable to clients outside of the United States.

The firm manages $26.28 million in discretionary accounts and $58.47 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.92 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.58 million.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is exchange traded securities, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Tanager Wealth Management LLP 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 Tanager Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Tanager Wealth Management is pension and profit sharing plans with 2 clients and $34.16 million of assets under management. Among the 3 most similar advisory firms, Tanager Wealth Management has the 2nd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $68.91 million for 22 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 37% of the firm’s clients are foreign persons or businesses.

Tanager Wealth Management doesn't advise any private funds.

Careers at Tanager Wealth Management LLP

The company employs 13 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kristopher Karr Heck	Managing partner	1 Jul 2012	25% - 50%	4508090
Jeffrey Leland Hedges	Partner	1 Jul 2012	Other	6141932
Alexander William Ripoll Eichhorn	Chief compliance officer	1 Feb 2013	25% - 50%	5557579
David Gregory Costello	Partner	1 Sep 2015	Other	4189188
Kyle William Pettigrove	Partner	1 Dec 2017	Other	6375194

Based in London,

The principal office where Tanager Wealth Management LLP performs its advisory services is located at 3 Rd Floor, London,, Wc2 A 2 Jr The mailing address of the firm is The White House, Goring On Thames, Rg8 9 Dd. An additional office of the firm is in Ardmore, PA. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 44 20 3965 6330. The normal business hours are 9:00-5:00 on Monday - Friday. You can find more information about the New York firm at tanagerwealth.com.