Truewealth, LLC is a large advisory firm based in Atlanta. It manages $1.33 billion of regulatory assets for 2,392 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Arizona, California, and 7 other states.
Truewealth provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Truewealth, LLC is $1.33 billion. The firm's AUM has grown by 55% since the beginning of its operation, and $12.05 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Truewealth, LLC 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.
The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of James Wallace Heard is high net worth individuals with 371 clients and $1.25 billion of assets under management. Among the 10 most similar advisory firms, Truewealth has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.33 billion for 549 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.
Truewealth doesn't advise any private funds.
The company employs 29 people that are either part- or full-time employees. 62 percent of the employees work as investment advisers or researchers. 18 employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people 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.
James Wallace Heard has been acting as President since 1 Mar 2011. Jennifer Elaine Birchett joined the executive team most recently as the Member.
The principal office where Truewealth, LLC performs its advisory services is located at 3630 Peachtree Road, Ne, Atlanta, GA 30326, 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 404-487-0500 or by fax 404-487-0510. The normal business hours are 8:30 to 5:00 on Monday - Friday. You can find more information about the New York firm at truewealth.com.