Gordian Wealth Advisors, LLC (Mill Valley)


Gordian Wealth Advisors, LLC is a large advisory firm based in Mill Valley. It manages $210.85 million of regulatory assets for 228 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California and Texas.

Gordian Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.

Gordian Wealth Advisors: assets under management

The assets under management (AUM) of Gordian Wealth Advisors, LLC is $210.85 million. The firm's AUM has grown by 65% since the beginning of its operation, and $69.19 million of the total AUM is attributable to clients outside of the United States.

The firm manages $210.51 million in discretionary accounts and $335.22 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $931.47 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $167.61 thousand.
Gordian Wealth Advisors has custody of $16.09 million in cash and securities for 19 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 62% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gordian Wealth Advisors, LLC for their services and products based on a percentage of assets under management, fixed fees, commissions, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gordian Wealth Advisors serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Gordian Wealth Advisors is high net worth individuals with 57 clients and $193.16 million of assets under management. Among the 11 most similar advisory firms, Gordian Wealth Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $210.85 million for 59 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.

Gordian Wealth Advisors also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Gordian Wealth Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 80 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
Elliott Samuel Elbaz Managing member, chief compliance officer 1 Dec 2011 50% - 75% 2839674
Michael Allen Phippen Managing member 1 Dec 2011 25% - 50% 3020686

Based in Mill Valley

The principal office where Gordian Wealth Advisors, LLC performs its advisory services is located at 100 B Shoreline Hwy, Mill Valley, CA 94941, which is also the mailing address of the firm. An additional office of the firm is in Palm Desert, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-383-9990 or by fax 800-553-7040. The normal business hours are 7:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at gordianwa.com.