Apollon Wealth Management, LLC (Mount Pleasant)

Apollon Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Apollon Wealth Management: assets under management

The assets under management (AUM) of Apollon Wealth Management, LLC is $245.25 million. The firm's AUM has grown by 115% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $192.76 million in discretionary accounts and $52.49 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $172.73 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $846.58 thousand.

Apollon Wealth Management has custody of $45.9 million in cash and securities for 216 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 64% of the total AUM. The second-largest asset type is investment and business development companies, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Apollon Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Apollon Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Apollon Wealth Management is high net worth individuals with 108 clients and $114.58 million of assets under management. Among the 8 most similar advisory firms, Apollon Wealth Management has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $245.25 million for 614 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.

Apollon Wealth Management doesn't advise any private funds.

Careers at Apollon Wealth Management, LLC

The company employs 30 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 12 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

Indirect Owners

The SEC currently registers 2 indirect owners.

Based in Mount Pleasant

The principal office where Apollon Wealth Management, LLC performs its advisory services is located at 835 Coleman Blvd, Mount Pleasant, SC 29464, which is also the mailing address of the firm. An additional office of the firm is in Charlotte, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 843-579-0018. The normal business hours are 8:30am-5:00pm on Monday - Friday. You can find more information about the New York firm at apollonwealth.com and its LinkedIn profile.

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