Cole Wealth Management, LLC (Scottsdale)

Name: Cole Wealth Management, LLC
Address: 9332 E Raintree Dr, Scottsdale, AZ, 85260
Telephone: 480-275-6354

Cole Wealth Management, LLC is a large advisory firm based in Scottsdale. It manages $110.8 million of regulatory assets for 260 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Arizona, California, Florida, North Dakota, and Texas.

Cole Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and life & health insurance, annuities, tax preparation. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cole Wealth Management: assets under management

The assets under management (AUM) of Cole Wealth Management, LLC is $110.8 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 164% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $110.8 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $426.15 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 15% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cole Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cole Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Cole Wealth Management is high net worth individuals with 60 clients and $55 million of assets under management. Among the 11 most similar advisory firms, Cole Wealth Management has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $107 million for 260 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.

Cole Wealth Management doesn't advise any private funds.

Careers at Cole Wealth Management, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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
Trustees Dtd 01/25/2005 The Cole Trust Martin T. Cole And Erica S. Cole	Owner	1 Feb 2005	75% - 100%	xxx-xx-xxxx
Martin Taylor Cole	Managing member chief compliance officer	1 Feb 2005	Other	2245650
Trustees Dtd 02/16/2005 The Cole Trust Martin T. Cole And Erica S. Cole	Owner	1 Feb 2005	75% - 100%	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Erica S Cole	Trustee	1 Feb 2005	50% - 75%	2970245

Based in Scottsdale

The principal office where Cole Wealth Management, LLC performs its advisory services is located at 9332 E Raintree Dr, Scottsdale, AZ 85260, 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 480-275-6354 or by fax 480-275-6372. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at colewealthmanagement.com.