Wakefield Wealth Management, LlLP (Englewood)

Name: Wakefield Wealth Management, LlLP
Address: 7887 E. Belleview Ave, Suite 800, Englewood, CO, 80111
Telephone: 303-771-0630

Wakefield Wealth Management, LlLP is a large advisory firm based in Englewood. It manages $233.28 million of regulatory assets for 535 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Colorado, Illinois, Louisiana, and Texas.

Wakefield Wealth Management, L provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wakefield Wealth Management, L: assets under management

The assets under management (AUM) of Wakefield Wealth Management, LlLP is $233.28 million. The firm's AUM has grown by 39% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $178.94 million in discretionary accounts and $54.35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $411.35 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $543.46 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is investment and business development companies, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wakefield Wealth Management, LlLP for their services and products based on a percentage of assets under management and fixed fees. 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 Wakefield Wealth Management, L serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Wakefield Wealth Management, L is high net worth individuals with 74 clients and $161.79 million of assets under management. Among the 11 most similar advisory firms, Wakefield Wealth Management, L has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $233.28 million for 151 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.

Wakefield Wealth Management, L doesn't advise any private funds.

Careers at Wakefield Wealth Management, LlLP

The company employs 7 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 2 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 compensates 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
Geoffrey Todd Gervasini	Limited partner	1 Nov 2014	75% - 100%	2443483
Jennifer C. Yaeger	Chief compliance officer	1 Nov 2014	Other	5504382
Wakefield Asset Management Corporation	General partner	1 Nov 2014	Other	20-8251717
Jennifer C. Mancini	Chief compliance officer	1 Nov 2014	Other	5504382

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Geoffrey Todd Gervasini	Shareholder	1 Dec 2006	75% - 100%	2443483

Based in Englewood

The principal office where Wakefield Wealth Management, LlLP performs its advisory services is located at 7887 E. Belleview Ave, Suite 800, Englewood, CO 80111, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 303-771-0630 or by fax 303-770-0160. The normal business hours are 7:30am - 4:30pm on Monday - Friday. You can find more information about the New York firm at wakefieldwealth.com.