Wealthtrust Axiom, LLC (Wayne)

Name: Wealthtrust Axiom, LLC
Address: 550 E Swedesford Rd, Wayne, PA, 19087
Telephone: 610-688-0050

Wealthtrust Axiom, LLC is a large advisory firm based in Wayne. It manages $550.77 million of regulatory assets for 1,428 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Arizona, California, Connecticut, and 10 other states.

Wealthtrust Axiom provides portfolio management for individuals and small businesses, 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.

Wealthtrust Axiom: assets under management

The assets under management (AUM) of Wealthtrust Axiom, LLC is $550.77 million. The firm's AUM has grown by 33% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $415.94 million in discretionary accounts and $134.83 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $327.25 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $858.78 thousand.

Wealthtrust Axiom has custody of $45.84 million in cash and securities for 182 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is state and local bonds, which make up 12% of the firm’s portfolio. Investments in investment grade corporate bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Wealthtrust Axiom, LLC for their services and products based on a percentage of assets under management. 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 Marvin Rush Benton serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Marvin Rush Benton is high net worth individuals with 134 clients and $318.74 million of assets under management. Among the 6 most similar advisory firms, Wealthtrust Axiom has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $550.77 million for 629 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.

Wealthtrust Axiom doesn't advise any private funds.

Careers at Wealthtrust Axiom, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 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.

Marvin Rush Benton has been acting as President since 1 Sep 2007. Thl Equity Fund Vii Investors Llc joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Wealthtrust Llc	Member	1 Sep 2007	50% - 75%	20-5389611
Marvin Rush Benton	President	1 Sep 2007	Other	4130280
Michael Keith Henry	Vice president	1 Sep 2007	Other	2445770
Justin Bruce Hacker	Secretary/treasurer	1 Sep 2007	Other	4867220
Albert Chapel Matt	Chief compliance officer	1 Sep 2007	Other	322994
Albert Chapel Matt	President & chief compliance officer	1 Oct 2007	Other	322994
Robert William Loreaux	Executive vice president	1 Oct 2007	Other	715433
Michael Campbell Heaberg	Chief executive officer	1 Oct 2007	Other	1087510
Craig Alan Rose	Managing director	1 Apr 2015	Other	2801975
Robert Jeffery Corne	Vice president and secretary	1 May 2016	Other	4993108
Llc Wt Acquisition	Owner	1 May 2017	50% - 75%	82-151473
Robert Steven Pagliuco	Evp and treasurer	1 Jun 2017	Other	2617931

Indirect Owners

The SEC currently registers 36 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Fredric Mark Edelman	Shareholder	1 Jun 1996	75% - 100%	1537980
Thomas Haskell Lee	Managing member	1 Aug 2006	75% - 100%	305494
Wealthtrust Holdings Llc	Shareholder	1 Aug 2006	75% - 100%	20-5493778
Wealthtrust Holding Co.	Member	1 Aug 2006	75% - 100%	20-5576278
Wealthtrust Holdings Llc	Shareholder	1 Nov 2006	75% - 100%	20-5493778
Wealthtrust Holding Co.	Member	1 Nov 2006	75% - 100%	20-5576278
Falcon Mezzanine Partners Ii Lp	Member	1 Nov 2006	75% - 100%	20-2506252
Cpc Wt Investment Llc	Member	1 Nov 2006	25% - 50%	20-5509625
Nmc Cpc Wt Investment Llc	Member	1 Nov 2006	25% - 50%	42-1717706
Mark Kevin Gormley	Managing member	1 Mar 2009	25% - 50%	718402
Llc Lee Equity Partners	Manager	1 Apr 2012	Other	157422
Lp Lee Equity Partners Fund Summer Aiv	Member	1 Apr 2012	75% - 100%	80-0802317
Llc Lee Equity Partners Gp	General partner	1 Apr 2012	Other	26-1532912
Teachers Retirement System Of Texas	Limited partner	1 Apr 2012	25% - 50%	74-6000164
Edward Philip Moore	Board of managers	1 Oct 2014	Other	1468827
Llc Affiliated Wealth Partners Holdings	Member-managed	1 Sep 2015	75% - 100%	47-5326791
Awp Ii Llc	Member managed	1 Sep 2015	75% - 100%	47-4845839
Awp I Lp	Member managed	1 Sep 2015	75% - 100%	47-5311229
Llc Lep Summer Holdings	Limited partner	1 Sep 2015	50% - 75%	37-1689318
Awp Gp Llc	General partner	1 Sep 2015	Other	47-5305328
George Lester Ball	Board of managers	1 Sep 2015	Other	11332
Mark Kevin Gormley	Board of managers	1 Sep 2015	Other	718402
Llc Lee Equity Partners	Member	1 Sep 2015	50% - 75%	157422
Inc. The Edelman Financial Center	Member	1 Sep 2015	25% - 50%	81-0672613
Holly Day Deem	Board of managers	1 Sep 2015	Other	2665529
Llc Lee Equity Partners Realization Fund Gp	General partner	1 Sep 2015	Other	47-5092925
Achi Yaffe	Board of managers	1 Sep 2015	Other	5167335
Bruce Robert Mcmaken	Board of managers	1 Dec 2015	Other	2851043
Daniel Joseph Rodriguez	Board of managers	1 Feb 2016	Other	4981411
Daniel J Rodriguez	Board of managers	1 Feb 2016	Other	4981411
L.P. Lee Equity Partners Realization Fund Summer Aiv	Member	1 Mar 2016	75% - 100%	36-4818709
Lep Realization Summer Llc	Limited partner	1 Mar 2016	50% - 75%	47-5027114
L.P. Lep Realization Feeder	Member	1 Mar 2016	75% - 100%	47-5356891
Mark Kevin Gormley	Manager	1 Mar 2016	25% - 50%	718402
Hightower Holding Llc	Owner	1 May 2017	75% - 100%	26-2270729
Thl Equity Fund Vii Investors Llc	Owner	1 Jan 2018	50% - 75%	82-3551026

Based in Wayne

The principal office where Wealthtrust Axiom, LLC performs its advisory services is located at 550 E Swedesford Rd, Wayne, PA 19087, 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 610-688-0050 or by fax 610-688-0075. The normal business hours are by appt only on Monday - Friday. You can find more information about the New York firm at axiomasset.com.