Private Wealth Consultants Ltd (Toledo)

Name: Private Wealth Consultants Ltd
Address: 6591 West Central Ave, Toledo, OH, 43617
Telephone: 419-842-0334

Private Wealth Consultants Ltd is a large advisory firm based in Toledo. It manages $246.84 million of regulatory assets for 1,725 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Florida, Georgia, and 5 other states.

Private Wealth Consultants provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Private Wealth Consultants: assets under management

The assets under management (AUM) of Private Wealth Consultants Ltd is $246.84 million. The firm's AUM has grown by 88% since the beginning of its operation, and $1.5 million of the total AUM is attributable to clients outside of the United States.

The firm manages $192.76 million in discretionary accounts and $54.07 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $127.15 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $258.72 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 41% of the total AUM. The second-largest asset type is exchange traded securities, which make up 24% of the firm’s portfolio. Investments in pooled investment vehicles form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Private Wealth Consultants Ltd for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Gary Lee Rathbun serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Gary Lee Rathbun is individuals with 370 clients and $95.84 million of assets under management. Among the 12 most similar advisory firms, Private Wealth Consultants has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $246.84 million for 593 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.

Private Wealth Consultants doesn't advise any private funds.

Careers at Private Wealth Consultants Ltd

The company employs 10 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 4 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.

Gary Lee Rathbun has been acting as President since 1 Aug 1997. Shams Afzal joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gary Lee Rathbun	President	1 Aug 1997	75% - 100%	1084721
Derick Leon Gant	Vice president	1 Feb 2002	25% - 50%	2206717
Marie Nancy Groves	Chief compliance officer	1 Jan 2005	Other	2146480
James P Ruhyle	Chief operating officer	1 Jul 2006	Other	5011531
Sarah Jane Berndt	Chief investment strategist	1 Jul 2006	Other	1264410
Thomas D Pigott	Small business consultant	1 Jan 2009	Other	5630910
Douglas Scott Miller	Executive vice president	1 Sep 2009	Other	1946240
Shams Afzal	Chief compliance officer	1 Jan 2015	Other	6446314

Based in Toledo

The principal office where Private Wealth Consultants Ltd performs its advisory services is located at 6591 West Central Ave, Toledo, OH 43617, 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 419-842-0334 or by fax 419-842-0338. The normal business hours are 7:00am - 7:00pm on Monday - Friday. You can find more information about the New York firm at privatewealthconsultants.com.