Generations Wealth, LLC (Mason)

Name: Generations Wealth, LLC
Address: 5947 Deerfield Blvd, Mason, OH, 45040
Telephone: (513) 834-8056

Generations Wealth, LLC is a large advisory firm based in Mason. It manages $185.33 million of regulatory assets for 301 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Ohio, and Texas.

Generations Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and tax planning and compliance; investment consulting; personal cfo. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Generations Wealth: assets under management

The assets under management (AUM) of Generations Wealth, LLC is $185.33 million. The firm's AUM has gone down by -2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $176.26 million in discretionary accounts and $9.06 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $597.51 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.51 million.

Generations Wealth has custody of $41.34 million in cash and securities for 14 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 86% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Generations Wealth, LLC for their services and products based on hourly charges and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Generations Wealth serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Generations Wealth is high net worth individuals with 28 clients and $175.75 million of assets under management. Among the 8 most similar advisory firms, Generations Wealth has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $185.33 million for 51 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.

Generations Wealth doesn't advise any private funds.

Careers at Generations Wealth, LLC

The company employs 10 people that are either part- or full-time employees. 40 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Pamela Duecker Clark	Managing member, chief compliance officer	1 Sep 2014	75% - 100%	5156194

Based in Mason

The principal office where Generations Wealth, LLC performs its advisory services is located at 5947 Deerfield Blvd, Mason, OH 45040, 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 (513) 834-8056 or by fax (877) 523-7005. The normal business hours are 9:00 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at generationswealth.com and its LinkedIn profile.