Familywealth Asset Management (Dallas)

Familywealth Asset Management is a large advisory firm based in Dallas. It manages $247.97 million of regulatory assets for 633 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of California, Colorado, Louisiana, Nevada, and Texas.

Familywealth Asset Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and portfolio construction strategies provided to other rias. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Familywealth Asset Management: assets under management

The assets under management (AUM) of Familywealth Asset Management is $247.97 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $115.19 million in discretionary accounts and $132.78 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $190.39 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.74 million.

Investments

The firm invests in cash and cash equivalents the most. They account for 53% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 21% of the firm’s portfolio. Investments in pooled investment vehicles form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Familywealth Asset Management for their services and products based on a percentage of assets under management and subscription 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 Familywealth Asset Management serves?

The firm provides services to individuals, high net worth individuals, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Familywealth Asset Management is pension and profit sharing plans with 32 clients and $133.6 million of assets under management. Among the 11 most similar advisory firms, Familywealth Asset Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $247.97 million for 392 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.

Familywealth Asset Management doesn't advise any private funds.

Careers at Familywealth Asset Management

The company employs 3 people that are either part- or full-time employees. 67 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 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

Indirect Owners

The SEC currently registers 2 indirect owners.

Based in Dallas

The principal office where Familywealth Asset Management performs its advisory services is located at 1601 Elm Street, Suite 4310, Dallas, TX 75201, 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 214-624-1185. The normal business hours are 8:00-5:00 on Monday - Friday. You can find more information about the New York firm at abetterwaytoretire.com.

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