Trellis Wealth Advisors, LLC (San Luis Obispo)

Name: Trellis Wealth Advisors, LLC
Address: 1135 Santa Rosa Street, San Luis Obispo, CA, 93401
Telephone: 805-548-8920

Trellis Wealth Advisors, LLC is a large advisory firm based in San Luis Obispo. It manages $207.87 million of regulatory assets for 356 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California and Texas.

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

Trellis Wealth Advisors: assets under management

The assets under management (AUM) of Trellis Wealth Advisors, LLC is $207.87 million. The firm's AUM has grown by 93% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $204.46 million in discretionary accounts and $3.42 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $575.94 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.42 million.

Trellis Wealth Advisors has custody of $15.4 million in cash and securities for 13 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 89% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Trellis Wealth Advisors, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Trellis Wealth Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Trellis Wealth Advisors is high net worth individuals with 63 clients and $187.12 million of assets under management. Among the 10 most similar advisory firms, Trellis Wealth Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $206.16 million for 106 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.

Trellis Wealth Advisors doesn't advise any private funds.

Careers at Trellis Wealth Advisors, 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
David Scott Whitcher	Founder / chief compliance officer	1 Jul 2010	25% - 50%	4151621
Mark Gordon Thompson	Founder	1 Jul 2010	25% - 50%	4432497
Kevin Jun Okimoto	Founder	1 Jul 2010	25% - 50%	4395833
Okimoto Family Trust Dtd 4/6/2011	Member	1 Apr 2011	25% - 50%	xxx-xx-xxxx
Carrie Lynne Miller	Partner	1 Jun 2014	Other	2624990

Based in San Luis Obispo

The principal office where Trellis Wealth Advisors, LLC performs its advisory services is located at 1135 Santa Rosa Street, San Luis Obispo, CA 93401, 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 805-548-8920 or by fax 805-548-8921. The normal business hours are 6 am - 4 pm on Monday - Friday. You can find more information about the New York firm at trelliswealth.com.