Riley Wealth Advisors, LLC (Southlake)

Name: Riley Wealth Advisors, LLC
Address: 700 North Carroll Avenue, Southlake, TX, 76092
Telephone: 817-870-4680

Riley Wealth Advisors, LLC is a large advisory firm based in Southlake. It manages $110 million of regulatory assets for 618 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, Colorado, Florida, Oklahoma, and Texas.

Riley Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Riley Wealth Advisors: assets under management

The assets under management (AUM) of Riley Wealth Advisors, LLC is $110 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $110 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $177.99 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 39% of the total AUM. The second-largest asset type is government bonds, which make up 33% of the firm’s portfolio. Investments in investment grade corporate bonds form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Riley Wealth Advisors, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Riley Wealth Advisors serves?

The firm provides services to individuals, investment companies, and high net worth individuals. The largest group of clients of Riley Wealth Advisors is individuals with 573 clients and $75 million of assets under management. Among the 11 most similar advisory firms, Riley Wealth Advisors has the 5th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $110 million for 623 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.

Riley Wealth Advisors doesn't advise any private funds.

Careers at Riley Wealth Advisors, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
William Eugene Riley	Member/chief compliance officer	1 Nov 2007	75% - 100%	1493287

Based in Southlake

The principal office where Riley Wealth Advisors, LLC performs its advisory services is located at 700 North Carroll Avenue, Southlake, TX 76092, which is also the mailing address of the firm. An additional office of the firm is in Graham, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 817-870-4680 or by fax 817-870-1995. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at rileywealth.com.