Ethos Wealth Management LLC (Coral Gables)

Name: Ethos Wealth Management LLC
Address: 4323 Sw 10 Th Street, Coral Gables, FL, 33134
Telephone: (305) 602-1000

Ethos Wealth Management LLC is an adviser based in Coral Gables. It manages $22.4 million of regulatory assets for 48 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Florida and Pennsylvania.

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

Ethos Wealth Management: assets under management

The assets under management (AUM) of Ethos Wealth Management LLC is $22.4 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -97% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $22.4 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $466.67 thousand each.

Ethos Wealth Management has custody of $15.9 million in cash and securities for 10 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 42% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 24% of the firm’s portfolio. Investments in exchange traded securities form 18% of the total invested assets.

Fees & Commissions

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

The firm provides services to charitable organizations and high net worth individuals. The largest group of clients of Ethos Wealth Management is high net worth individuals with 8 clients and $22.3 million of assets under management. Among the 2 most similar advisory firms, Ethos Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $22.4 million for 9 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.

Ethos Wealth Management doesn't advise any private funds.

Careers at Ethos Wealth Management LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Matthew Anthony Lapides	Ceo/cco	1 Jan 2013	75% - 100%	3137390

Based in Coral Gables

The principal office where Ethos Wealth Management LLC performs its advisory services is located at 4323 Sw 10 Th Street, Coral Gables, FL 33134 The mailing address of the firm is 3109 Grand Ave, Coconut Grove, FL 33133. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (305) 602-1000 or by fax (305) 602-1001. The normal business hours are by appointment only on Other. You can find more information about the New York firm at accordiawealth.com.