Snow Creek Wealth Management LLC (Nashville)


Snow Creek Wealth Management LLC is a large advisory firm based in Nashville. It manages $274.56 million of regulatory assets for 663 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Tennessee and Texas.

Snow Creek Wealth Management provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and account reviews and consultations. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Snow Creek Wealth Management: assets under management

The assets under management (AUM) of Snow Creek Wealth Management LLC is $274.56 million. The firm's AUM has grown by 357% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $269.35 million in discretionary accounts and $5.2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $410.6 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $743.18 thousand.
Snow Creek Wealth Management has custody of $274.56 million in cash and securities for 198 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 63% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in state and local bonds form 8% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals and high net worth individuals. The largest group of clients of Snow Creek Wealth Management is high net worth individuals with 62 clients and $232.06 million of assets under management. Among the 10 most similar advisory firms, Snow Creek Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $268.96 million for 196 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.

Snow Creek Wealth Management doesn't advise any private funds.

Careers at Snow Creek Wealth Management LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Lawrence Jeffrey Sacks Chief compliance officer/managing member 1 Jan 2007 75% - 100% 3104899
David Allen Goldberg Managing member & chief compliance officer 1 Apr 2007 50% - 75% 1506144
P.C. Inc. Goldstein/Sacks & Associates Member 1 Apr 2007 25% - 50% 62-1661296
Sabin Services Llc Member 1 Mar 2009 25% - 50% 26-4206032
Lawrence Jeffrey Sacks Member & chief financial officer 1 Nov 2013 25% - 50% 3104899

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Lawrence Jeffrey Sacks Managing member 1 Mar 2009 75% - 100% 3104899

Based in Nashville

The principal office where Snow Creek Wealth Management LLC performs its advisory services is located at 905 Harpeth Valley Place, Nashville, TN 37221, 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 615-673-7795 or by fax 615-673-7796. 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 snowcreekwealth.com.

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