Altus Wealth Group, LLC (Colorado Springs)

Name: Altus Wealth Group, LLC
Address: 24 S. Weber St. Suite 205, Colorado Springs, CO, 80903
Telephone: 719-900-1295

Altus Wealth Group, LLC is a large advisory firm based in Colorado Springs. It manages $190.03 million of regulatory assets for 510 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Colorado, and 11 other states.

Altus Wealth Group provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Altus Wealth Group: assets under management

The assets under management (AUM) of Altus Wealth Group, LLC is $190.03 million. The firm's AUM has grown by 87% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $185.71 million in discretionary accounts and $4.32 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $375.17 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $287.96 thousand.

Altus Wealth Group has custody of $72.01 million in cash and securities for 410 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 59% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Altus Wealth Group, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Altus Wealth Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Altus Wealth Group is individuals with 460 clients and $116.12 million of assets under management. Among the 6 most similar advisory firms, Altus Wealth Group has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $188.28 million for 508 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.

Altus Wealth Group doesn't advise any private funds.

Careers at Altus Wealth Group, LLC

The company employs 4 people that are either part- or full-time employees. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Nancy Pizarro Mercado	Cco	1 May 2017	Other	2211709
Llc Bethemore Holdings	Member	1 May 2017	25% - 50%	xxx-xx-xxxx
Llc Aqua Waters	Member	1 May 2017	25% - 50%	xxx-xx-xxxx
Llc Kdjp Holdings	Member	1 May 2017	25% - 50%	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Jill Enright Reitmeyer	Managing member	1 May 2017	75% - 100%	1584006
Dustin L Bench	Managing member	1 May 2017	75% - 100%	4643563

Based in Colorado Springs

The principal office where Altus Wealth Group, LLC performs its advisory services is located at 24 S. Weber St. Suite 205, Colorado Springs, CO 80903, which is also the mailing address of the firm. An additional office of the firm is in Palm Desert, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 719-900-1295 or by fax 719-400-6900. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at altuswealthgroup.com.