Mosaic Family Wealth, LLC (St. Louis)

Name: Mosaic Family Wealth, LLC
Address: 1401 S. Brentwood Blvd., St. Louis, MO, 63144
Telephone: (314) 627-5220

Mosaic Family Wealth, LLC is a large advisory firm based in St. Louis. It manages $709.99 million of regulatory assets for 2,904 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, California, Colorado, and 8 other states.

Mosaic Family Wealth 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.

Mosaic Family Wealth: assets under management

The assets under management (AUM) of Mosaic Family Wealth, LLC is $709.99 million. The firm's AUM has grown by 67% since the beginning of its operation, and $4.71 million of the total AUM is attributable to clients outside of the United States.

The firm manages $568 million in discretionary accounts and $142 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $244.4 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $244.83 thousand.

Mosaic Family Wealth has custody of $542.54 million in cash and securities for 281 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in state and local bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mosaic Family Wealth, 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 Mosaic Family Wealth serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mosaic Family Wealth is high net worth individuals with 205 clients and $633.75 million of assets under management. Among the 8 most similar advisory firms, Mosaic Family Wealth has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $709.99 million for 432 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Mosaic Family Wealth doesn't advise any private funds.

Careers at Mosaic Family Wealth, LLC

The company employs 16 people that are either part- or full-time employees. 75 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 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
Barbi Jo Fennewald	Chief compliance officer	1 Feb 2015	Other	2536021
Larry Keith Shikles	Chief investment officer, member	1 Feb 2015	25% - 50%	2514155
Duncan Scott Highmark	President, member	1 Feb 2015	50% - 75%	2707962
Barbi Jo Charleville	Chief compliance officer	1 Feb 2015	Other	2536021
Michelle Kathleen Brown	Member and director of advisory services	1 Jan 2018	Other	4390011
Barbi Jo Fennewald	Chief operations officer	1 Mar 2018	Other	2536021

Based in St. Louis

The principal office where Mosaic Family Wealth, LLC performs its advisory services is located at 1401 S. Brentwood Blvd., St. Louis, MO 63144, which is also the mailing address of the firm. An additional office of the firm is in Greenwood Village, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (314) 627-5220 or by fax (314) 627-5240. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at mosaicwealth.com.