Jupiter Wealth Management, LLC (Denver)

Name: Jupiter Wealth Management, LLC
Address: 162 Adams, Denver, CO, 80206
Telephone: 303-999-3716

Jupiter Wealth Management, LLC is a large advisory firm based in Denver. It manages $305.52 million of regulatory assets for 244 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Colorado, Louisiana, Missouri, and Texas.

Jupiter Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Jupiter Wealth Management: assets under management

The assets under management (AUM) of Jupiter Wealth Management, LLC is $305.52 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 $284.26 million in discretionary accounts and $21.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.22 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.93 million.

Jupiter Wealth Management has custody of $94.85 million in cash and securities for 50 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 57% of the total AUM. The second-largest asset type is investment and business development companies, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Jupiter Wealth Management, LLC for their services and products based on a percentage of assets under management and fixed 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 Jupiter Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Jupiter Wealth Management is high net worth individuals with 39 clients and $274.35 million of assets under management. Among the 7 most similar advisory firms, Jupiter Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $305.18 million for 84 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.

Jupiter Wealth Management doesn't advise any private funds.

Careers at Jupiter Wealth Management, LLC

The company employs 3 people that are either part- or full-time employees. 100 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.

James Tyler Boon joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Boon Family Trust	Member	1 Sep 2018	50% - 75%	xxx-xx-xxxx
James Tyler Boon Revocable Trust	Member	1 Sep 2018	25% - 50%	xxx-xx-xxxx
James Michael Boon	Chief executive officer	1 Oct 2018	Other	2208538
James Tyler Boon	Chief compliance officer	1 Oct 2018	Other	5627174
Megan Louise Castleman	Chief compliance officer	1 Oct 2018	Other	6434039
Ann Holland Boon	Chief operating officer	1 Oct 2018	25% - 50%	2547657

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
James Michael Boon	Grantor	1 Sep 2018	Other	2208538
Ann Holland Boon	Trustee	1 Sep 2018	Other	2547657
James Tyler Boon	Trustee	1 Sep 2018	Other	5627174

Based in Denver

The principal office where Jupiter Wealth Management, LLC performs its advisory services is located at 162 Adams, Denver, CO 80206, 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 303-999-3716. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at jupiterwealth.com.