Bowers Wealth Management, Inc. (Reno)

Name: Bowers Wealth Management, Inc.
Address: 9790 Gateway Drive, Reno, NV, 89521
Telephone: (775) 409-3712

Bowers Wealth Management, Inc. is a large advisory firm based in Reno. It manages $138.53 million of regulatory assets for 293 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Arizona, California, Florida, and 5 other states.

Bowers Wealth Management 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.

Bowers Wealth Management: assets under management

The assets under management (AUM) of Bowers Wealth Management, Inc. is $138.53 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 442% since the beginning of its operation, and $144.54 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $138.53 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $472.79 thousand each.

Bowers Wealth Management has custody of $6.47 million in cash and securities for 18 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 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

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

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Bowers Wealth Management is high net worth individuals with 48 clients and $91.67 million of assets under management. Among the 8 most similar advisory firms, Bowers Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $138.53 million for 121 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Bowers Wealth Management doesn't advise any private funds.

Careers at Bowers Wealth Management, Inc.

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
John Wilson Bowers	President & chief compliance officer	1 Oct 2007	75% - 100%	5436695
Tim Nmn Hastrup	Chief financial officer	1 Oct 2007	Other	5436697
Wayne Foster	Chief compliance officer	1 Oct 2007	Other	5436696
Tim Hastrup	Chief financial officer	1 Oct 2007	Other	5436697
Wayne Allen Foster	Chief compliance officer	1 Oct 2007	Other	5436696

Based in Reno

The principal office where Bowers Wealth Management, Inc. performs its advisory services is located at 9790 Gateway Drive, Reno, NV 89521 The mailing address of the firm is Po Box 735, Penryn, CA 95663 9903. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (775) 409-3712 or by fax 775-853-1266. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at bowerswealth.com.