WaLPole Financial Advisors, LLC (Goleta)

Name: WaLPole Financial Advisors, LLC
Address: 70 Santa Felicia Drive, Goleta, CA, 93117
Telephone: 805-845-6587

WaLPole Financial Advisors, LLC is a large advisory firm based in Goleta. It manages $140.49 million of regulatory assets for 450 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California and Nebraska.

WaLPole Financial Advisors 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 doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

WaLPole Financial Advisors: assets under management

The assets under management (AUM) of WaLPole Financial Advisors, LLC is $140.49 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 38% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $140.49 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $312.2 thousand each.

WaLPole Financial Advisors has custody of $18.58 million in cash and securities for 24 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 75% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 13% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay WaLPole Financial Advisors, LLC 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 WaLPole Financial Advisors 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 WaLPole Financial Advisors is high net worth individuals with 35 clients and $92.4 million of assets under management. Among the 11 most similar advisory firms, WaLPole Financial Advisors has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $140.49 million for 170 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.

WaLPole Financial Advisors doesn't advise any private funds.

Careers at WaLPole Financial Advisors, LLC

The company employs 8 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 8 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
Kirk Brian Stovesand	Member/partner & chief compliance officer	1 Jul 2001	50% - 75%	4249778
Jean Albertha Smith	Member / partner	1 Jul 2001	50% - 75%	4266275
Smith Family Trust	Member	1 May 2016	50% - 75%	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Jean Albertha Smith	Trustee	1 May 2016	50% - 75%	4266275
James Bowen Smith	Trustee	1 May 2016	50% - 75%	6705981

Based in Goleta

The principal office where WaLPole Financial Advisors, LLC performs its advisory services is located at 70 Santa Felicia Drive, Goleta, CA 93117, 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 805-845-6587 or by fax 805-569-9542. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at walpoleadvisors.com/.