Womack Wealth Management, Inc. (Manhattan Beach)

Name: Womack Wealth Management, Inc.
Address: 1334 Park View Ave, Suite 350, Manhattan Beach, CA, 90266
Telephone: 888-314-5554

Womack Wealth Management, Inc. is a large advisory firm based in Manhattan Beach. It manages $150.97 million of regulatory assets for 385 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arizona, California, Louisiana, and 3 other states.

Womack Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Womack Wealth Management: assets under management

The assets under management (AUM) of Womack Wealth Management, Inc. is $150.97 million. The firm's AUM has grown by 978% since the beginning of its operation, and $1.48 million of the total AUM is attributable to clients outside of the United States.

The firm manages $147.93 million in discretionary accounts and $3.04 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $387.25 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.01 million.

Investments

The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Womack Wealth Management is high net worth individuals with 57 clients and $129.17 million of assets under management. Among the 11 most similar advisory firms, Womack Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $150.97 million for 135 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Womack Wealth Management doesn't advise any private funds.

Careers at Womack Wealth Management, Inc.

The company employs 7 people that are either part- or full-time employees. 71 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Scott Hanson Womack	President & chief compliance officer	1 Jan 2008	75% - 100%	2674468
Charles Hanson Womack	Executive vice president	1 Mar 2012	Other	471691
Charles H Womack	Executive vice president	1 Mar 2012	Other	471691

Based in Manhattan Beach

The principal office where Womack Wealth Management, Inc. performs its advisory services is located at 1334 Park View Ave, Suite 350, Manhattan Beach, CA 90266, which is also the mailing address of the firm. An additional office of the firm is in Beverly Hills, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 888-314-5554 or by fax 888-314-5558. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at womackwealthmanagement.com.