Dmj Wealth Advisors, LLC (Greensboro)

Dmj Wealth Advisors, LLC is a large advisory firm based in Greensboro. It manages $464.05 million of regulatory assets for 228 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of North Carolina and South Carolina.

Dmj Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Dmj Wealth Advisors: assets under management

The assets under management (AUM) of Dmj Wealth Advisors, LLC is $464.05 million. $4.17 million of the total AUM is attributable to clients outside of the United States.

The firm manages $310.45 million in discretionary accounts and $153.59 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.56 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.3 million.

Investments

The firm invests in investment and business development companies the most. They account for 81% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dmj Wealth Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Dmj Wealth Advisors 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 Dmj Wealth Advisors is high net worth individuals with 120 clients and $287.7 million of assets under management. Among the 12 most similar advisory firms, Dmj Wealth Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $464.05 million for 228 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.

Dmj Wealth Advisors doesn't advise any private funds.

Careers at Dmj Wealth Advisors, LLC

The company employs 17 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. 11 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
Arthur M. Winstead	Member	1 Aug 1999	Other	4093704
Charlie Lee Welborn	Member	1 Aug 1999	Other	4033352
Michael R Gillis	Member	1 Aug 1999	Other	4029357
Charles Elliott Carrick	Managing member & chief compliance officer	1 Oct 2001	Other	1330091
Ralph Milton Howell	Member	1 Nov 2004	Other	4029328
Donna Batchelor Johnson	Member	1 Nov 2004	Other	4864532
Sheryl Lee Austin	Member	1 Nov 2005	Other	3252879
Jeffery Wen Jun Hwang	Member	1 Nov 2015	Other	5161311

Based in Greensboro

The principal office where Dmj Wealth Advisors, LLC performs its advisory services is located at 703 Green Valley Road, Greensboro, NC 27408, which is also the mailing address of the firm. An additional office of the firm is in Sanford, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (336) 275-9886 or by fax (336) 292-6695. The normal business hours are 8:30am - 5:30pm on Monday - Friday.