Ann T. Coffey Wealth Management LLC (Houston)

Ann T. Coffey Wealth Management LLC is an adviser based in Houston. It manages $5.5 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Louisiana.

Ann T. Coffey Wealth Management provides financial planning services, portfolio management for individuals and small businesses, 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.

Ann T. Coffey Wealth Management: assets under management

The assets under management (AUM) of Ann T. Coffey Wealth Management LLC is $5.5 million. The firm's AUM has gone down by -95% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $5 million in discretionary accounts and $500 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $714.29 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $500 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 18% of the firm’s portfolio. Investments in investment and business development companies form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ann T. Coffey Wealth Management LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ann T. Coffey Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Ann T. Coffey Wealth Management is high net worth individuals with 3 clients and $5 million of assets under management. Among the 6 most similar advisory firms, Ann T. Coffey Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $5.5 million for 4 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.

Ann T. Coffey Wealth Management doesn't advise any private funds.

Careers at Ann T. Coffey Wealth Management LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Ann Treece Coffey	Managing member; president; chief compliance officer	1 Aug 2012	75% - 100%	2225708

Based in Houston

The principal office where Ann T. Coffey Wealth Management LLC performs its advisory services is located at 9821 Katy Freeway, Houston, TX 77024, which is also the mailing address of the firm. An additional office of the firm is in Lafayette, LA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 713-333-8900 or by fax 713-333-8279. The normal business hours are 8:30am- 5:30pm on Monday - Friday.