Wealthstreet Investment Advisors, LLC (Dallas)

Name: Wealthstreet Investment Advisors, LLC
Address: 1445 Ross Avenue, Dallas, TX, 75202 2788
Telephone: 214-954-1900

Wealthstreet Investment Advisors, LLC is a large advisory firm based in Dallas. It manages $816.48 million of regulatory assets for 688 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Colorado, Kansas, and 8 other states.

Wealthstreet Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealthstreet Investment Advisors: assets under management

The assets under management (AUM) of Wealthstreet Investment Advisors, LLC is $816.48 million. The firm's AUM has grown by 484% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $814.56 million in discretionary accounts and $1.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.19 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $960.74 thousand.

Wealthstreet Investment Advisors has custody of $193.62 million in cash and securities for 93 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 74% 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 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealthstreet Investment Advisors, 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 Wealthstreet Investment Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Wealthstreet Investment Advisors is high net worth individuals with 149 clients and $701.1 million of assets under management. Among the 9 most similar advisory firms, Wealthstreet Investment Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $816.48 million for 301 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.

Wealthstreet Investment Advisors doesn't advise any private funds.

Careers at Wealthstreet Investment Advisors, LLC

The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Roth Beck	Member, managing director	1 Mar 2017	Other	1278243
Leslie Jocelyne Reynoso	Member	1 Mar 2017	Other	6254865
Lynette Kay Heil	Chief compliance officer, chief financial officer, member	1 Jun 2017	Other	5833481
Michael Harry Kane	Member, managing director	1 Jun 2017	Other	2209273
Joseph Howard Ray	President, managing director	1 Jun 2017	Other	2694358
Gerald Louis Ray	Managing director	1 Jun 2017	Other	2099338
Ltd. Gerald L. Ray & Associates	Member	1 Jun 2017	25% - 50%	75-1567129

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Gerald L Ray & Associates I	General partner	1 Jun 2001	Other	75-2944699
Gerald Louis Ray	Chairman of the board, limited partner	1 Mar 2004	25% - 50%	2099338
Jhr 2012 Gst Trust	Limited partner	1 Dec 2012	25% - 50%	46-6420755
Joseph Howard Ray	Trustee	1 Dec 2012	Other	2694358

Based in Dallas

The principal office where Wealthstreet Investment Advisors, LLC performs its advisory services is located at 1445 Ross Avenue, Dallas, TX 75202 2788, 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 214-954-1900 or by fax 214-954-1274. The normal business hours are 7:30am - 4:30pm on Monday - Friday. You can find more information about the New York firm at wealthstreet-advisors.com.