Tate Wealth Management (Sacramento)

Name: Tate Wealth Management
Address: 1545 River Park Drive, Sacramento, CA, 95815 4614
Telephone: 916-678-7674

Tate Wealth Management is a large advisory firm based in Sacramento. It manages $283.49 million of regulatory assets for 370 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California and New Hampshire.

Tate Wealth Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Tate Wealth Management: assets under management

The assets under management (AUM) of Tate Wealth Management is $283.49 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 300% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $283.49 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $766.19 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 64% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 32% of the firm’s portfolio. Investments in state and local bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tate Wealth Management 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 Michael Robert Tate serves?

The firm provides services to high net worth individuals and pension and profit sharing plans. The largest group of clients of Michael Robert Tate is high net worth individuals with 132 clients and $274.24 million of assets under management. Among the 8 most similar advisory firms, Tate Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $283.49 million for 139 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.

Tate Wealth Management doesn't advise any private funds.

Careers at Tate Wealth Management

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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.

Michael Robert Tate has been acting as President since 1 Jan 2005. Robert Lee Tate joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Lee Tate	Vice president	1 Jun 1989	25% - 50%	4885503
Michael Robert Tate	President/chief compliance officer	1 Jan 2005	75% - 100%	2640834

Based in Sacramento

The principal office where Tate Wealth Management performs its advisory services is located at 1545 River Park Drive, Sacramento, CA 95815 4614, 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 916-678-7674 or by fax 916-929-0879. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at tateadvisers.com.