Taylor Hoffman Wealth Management, LLC (Richmond)

Taylor Hoffman Wealth Management, LLC is a large advisory firm based in Richmond. It manages $184.12 million of regulatory assets for 537 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of North Carolina, South Carolina, Texas, and Virginia.

Taylor Hoffman Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Taylor Hoffman Wealth Management: assets under management

The assets under management (AUM) of Taylor Hoffman Wealth Management, LLC is $184.12 million. The firm's AUM has grown by 4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $94.66 million in discretionary accounts and $89.47 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $252.42 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $552.27 thousand.

Taylor Hoffman Wealth Management has custody of $3.04 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is investment and business development companies, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Taylor Hoffman Wealth Management, 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 Taylor Hoffman Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Taylor Hoffman Wealth Management is high net worth individuals with 44 clients and $135.25 million of assets under management. Among the 8 most similar advisory firms, Taylor Hoffman Wealth Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $184.11 million for 214 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.

Taylor Hoffman Wealth Management doesn't advise any private funds.

Careers at Taylor Hoffman Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. 80 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brandon Christopher Taylor	Managing member	1 Oct 2017	75% - 100%	2902503
Gabriel Christopher Hoffman	Chief compliance officer and member	1 Oct 2017	Other	6075142

Based in Richmond

The principal office where Taylor Hoffman Wealth Management, LLC performs its advisory services is located at 1802 Bayberry Court, Richmond, VA 23226, 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 (804) 414-0200. The normal business hours are 8:30am - 5:00pm on Monday - Friday.