Endowment Wealth Management, Inc. (Appleton)

Name: Endowment Wealth Management, Inc.
Address: 2200 North Richmond Street, Appleton, WI, 54911
Telephone: 920-785-6010

Endowment Wealth Management, Inc. is a large advisory firm based in Appleton. It manages $158.15 million of regulatory assets for 533 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Illinois, Texas, and Wisconsin.

Endowment Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, pension consulting services, selection of other advisers, educational seminars and workshops, and advisory consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Endowment Wealth Management: assets under management

The assets under management (AUM) of Endowment Wealth Management, Inc. is $158.15 million. The firm's AUM has grown by 24% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $156.51 million in discretionary accounts and $1.64 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $299.83 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $149.5 thousand.

Endowment Wealth Management has custody of $46.46 million in cash and securities for 34 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 17% of the firm’s portfolio. Investments in investment and business development companies form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Endowment Wealth Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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 Robert Louis Riedl serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Robert Louis Riedl is high net worth individuals with 40 clients and $81.44 million of assets under management. Among the 7 most similar advisory firms, Endowment Wealth Management has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $158.15 million for 136 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.

Endowment Wealth Management also advises several private funds. Namely, three private equity funds and five venture capital funds. The minimum investment commitment required of non-related persons ranges from $10,000 to $100,000.

Careers at Endowment Wealth Management, Inc.

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 6 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.

Robert Louis Riedl has been acting as President since 1 Feb 2013. Larry L. Rice And Nancy E. Rice Joint Revocable Living Trust joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Roland G. And Sue E. Stephenson Revocable Trust	Shareholder	1 Jan 2013	Other	xxx-xx-xxxx
Prateek Nmn Mehrotra	Shareholder/vice president/ secretary/ chief investment officer	1 Feb 2013	Other	4618007
Robert Louis Riedl	Shareholder/president/ chief financial officer/ treasurer/ director of wealth management/ chief compliance officer	1 Feb 2013	Other	1109543
Joba Irrevocable Trust	Shareholder	1 Feb 2013	Other	30-6305857
Llc 0913	Shareholder	1 Sep 2013	Other	46-4208346
Llc Othmar Group	Shareholder	1 Sep 2014	Other	39-1985782
Timothy Joseph Landolt	Shareholder/director of institutional services	1 Jun 2015	Other	1503180
Wendy Stephenson Orth	Shareholder	1 Dec 2015	Other	6446753
Larry L. Rice And Nancy E. Rice Joint Revocable Living Trust	Shareholder	1 May 2016	Other	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Paul Othmar Gehl	Managing member	1 Feb 2000	75% - 100%	6797088
Roland Glen Stephenson	Trustee	1 Aug 2005	50% - 75%	6797077
Sue Ellen Stephenson	Trustee	1 Aug 2005	50% - 75%	6797082
Joseph Edward Dagrosa	Trustee	1 Dec 2011	75% - 100%	1543932
Larry Lee Rice	Trustee	1 Dec 2012	50% - 75%	6797064
Nancy Eileen Rice	Trustee	1 Dec 2012	50% - 75%	6797073
Todd Charles Thiel	Member	1 Nov 2013	75% - 100%	2315886

Based in Appleton

The principal office where Endowment Wealth Management, Inc. performs its advisory services is located at 2200 North Richmond Street, Appleton, WI 54911, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 920-785-6010 or by fax 920.227.0521. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at endowmentwm.com/.