Wealthshield LLC (Cary)

Name: Wealthshield LLC
Address: 175 Regency Woods Place, Cary, NC, 27518
Telephone: 919-948-4453

Wealthshield LLC is a large advisory firm based in Cary. It manages $446.46 million of regulatory assets for 2,470 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Wealthshield provides portfolio management for businesses and institutional clients, market timing services, and subadvisor services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealthshield: assets under management

The assets under management (AUM) of Wealthshield LLC is $446.46 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $446.46 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $180.75 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 investment and business development companies, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 21% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealthshield 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 Wealthshield serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Wealthshield is high net worth individuals with 899 clients and $291.91 million of assets under management. Among the 6 most similar advisory firms, Wealthshield has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $446.46 million for 1,278 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.

Wealthshield doesn't advise any private funds.

Careers at Wealthshield LLC

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 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 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
Robert Alexander Leggett	Managing member & chief compliance officer	1 Apr 2017	50% - 75%	3192764
Clinton Wayne Sorenson	Managing member	1 Apr 2017	50% - 75%	5393457
Merlin Clinton Wayne Sorenson	Member	1 Apr 2017	50% - 75%	5393457

Based in Cary

The principal office where Wealthshield LLC performs its advisory services is located at 175 Regency Woods Place, Cary, NC 27518, 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 919-948-4453 or by fax 919-977-8631. The normal business hours are not applicable - office visits by appointment only on Other. You can find more information about the New York firm at wealthshield.co.