Total Clarity Wealth Management, Inc (St. Charles)

Name: Total Clarity Wealth Management, Inc
Address: 525 Tyler Rd, St. Charles, IL, 60174
Telephone: 630-762-9352

Total Clarity Wealth Management, Inc is a large advisory firm based in St. Charles. It manages $170 million of regulatory assets for 926 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Florida, Illinois, and 6 other states.

Total Clarity Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, educational seminars and workshops, and advisory service for small business 401k plans. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Total Clarity Wealth Management: assets under management

The assets under management (AUM) of Total Clarity Wealth Management, Inc is $170 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 454% since the beginning of its operation, and $81 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $170 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $183.59 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 61% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Terrance Patrick Murphy is individuals with 352 clients and $91.92 million of assets under management. Among the 7 most similar advisory firms, Total Clarity Wealth Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $169.33 million for 425 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.

Total Clarity Wealth Management doesn't advise any private funds.

Careers at Total Clarity Wealth Management, Inc

The company employs 13 people that are either part- or full-time employees. 85 percent of the employees work as investment advisers or researchers. 13 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.

Terrance Patrick Murphy has been acting as President since 1 Jul 2006. Tom Howard Sleeter has served as the Chief Investment Officer since 1 Aug 2010. Jeanne Marie Tackett joined the executive team most recently as the Chief Compliance Officer/Vice President Of Operations.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Terrance Patrick Murphy	President	1 Jul 2006	Other	2191779
Jeanne Marie Tackett	Operations manager/secretary/treasurer	1 Apr 2007	Other	5257777
Tom Howard Sleeter	Chief investment officer	1 Aug 2010	Other	3176055
Jeanne Marie Tackett	Vice president of operations/secretary/treasurer	1 Jul 2013	Other	5257777
Jeanne Marie Tackett	Chief compliance officer/vice president of operations	1 Mar 2015	Other	5257777
David Jenner Hubbard	Director of the board	1 Mar 2015	75% - 100%	1122248

Based in St. Charles

The principal office where Total Clarity Wealth Management, Inc performs its advisory services is located at 525 Tyler Rd, St. Charles, IL 60174, which is also the mailing address of the firm. An additional office of the firm is in Naperville, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 630-762-9352 or by fax 630-587-9170. The normal business hours are 8:30am-4:30pm on Monday - Friday. You can find more information about the New York firm at wsfa.net.