Rench Wealth Management, Inc. (Denton)

Name: Rench Wealth Management, Inc.
Address: 2556 Lillian Miller Parkway, Denton, TX, 76210
Telephone: 940-387-7526

Rench Wealth Management, Inc. is a large advisory firm based in Denton. It manages $230.02 million of regulatory assets for 238 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Louisiana, New Hampshire, Oklahoma, and Texas.

Rench Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Rench Wealth Management: assets under management

The assets under management (AUM) of Rench Wealth Management, Inc. is $230.02 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 119% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $230.02 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $966.46 thousand each.

Rench Wealth Management has custody of $84.89 million in cash and securities for 95 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 69% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Rench Wealth Management, 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 James Allen Rench serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of James Allen Rench is high net worth individuals with 90 clients and $177.74 million of assets under management. Among the 7 most similar advisory firms, Rench Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $229.62 million for 236 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.

Rench Wealth Management doesn't advise any private funds.

Careers at Rench Wealth Management, Inc.

The company employs 5 people that are either part- or full-time employees. 60 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.

James Allen Rench has been acting as President since 1 Nov 2011. Casey Allen Rench joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Allen Rench	President	1 Nov 2011	75% - 100%	1702679
Shelley Ann Rench	Secretary	1 Nov 2011	Other	2478922
Casey Allen Rench	Chief compliance officer	1 Mar 2015	Other	6155437

Based in Denton

The principal office where Rench Wealth Management, Inc. performs its advisory services is located at 2556 Lillian Miller Parkway, Denton, TX 76210, which is also the mailing address of the firm. An additional office of the firm is in Addison, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 940-387-7526 or by fax 866-889-7113. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at therelevancegroup.net.