Sofi Wealth LLC (San Francisco)

Name: Sofi Wealth LLC
Address: 234 1 St Street, San Francisco, CA, 94105
Telephone: 855-525-7634

Sofi Wealth LLC is a multi-state adviser based in San Francisco. It manages $105.61 million of regulatory assets for 26,537 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Sofi Wealth provides financial planning services, portfolio management for individuals and small businesses, and publication of newsletters. It prepares financial plans for approximately 790 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sofi Wealth: assets under management

The assets under management (AUM) of Sofi Wealth LLC is $105.61 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 14407% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $105.61 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.98 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

What kind of clients John Thomas Foley serves?

The only and largest group of clients of John Thomas Foley is individuals with 26,537 clients and $105.61 million of assets under management. Among the 9 most similar advisory firms, Sofi Wealth has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $105.61 million for 26,537 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.

Sofi Wealth doesn't advise any private funds.

Careers at Sofi Wealth LLC

The company employs 20 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 20 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.

John Thomas Foley has been acting as President since 1 May 2015. Dimple Anderson joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Social Finance Inc.	100% owner/sole member	1 May 2013	75% - 100%	45-2499523
Scott Chandler Williams	Chief compliance officer	1 May 2013	Other	2889617
John Thomas Foley	President	1 May 2015	Other	1060265
John Davis Gardner	President	1 Jan 2017	Other	2663783
Alan Richard Carlisle	Chief compliance officer	1 Mar 2017	Other	2646681
Dimple Anderson	Chief compliance officer	1 Apr 2019	Other	5325435

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Softbank Group Corp.	Owner of indirect owner of social finance inc.	1 Apr 2015	75% - 100%	foreign entity
Softbank Group Corp	Parent company of the investment adviser firm.	1 Jul 2015	25% - 50%	00-9569889
Softbank Group Capital Limited	Parent company of the investment adviser firm.	1 Jul 2015	25% - 50%	foreign entity
Softbank Group Corp.	Owner of indirect owner of social finance inc.	1 Sep 2016	75% - 100%	na

Based in San Francisco

The principal office where Sofi Wealth LLC performs its advisory services is located at 234 1 St Street, San Francisco, CA 94105, which is also the mailing address of the firm. An additional office of the firm is in Cottonwood Heights, UT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 855-525-7634 or by fax 415-520-9772. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at sofi.com and its LinkedIn profile.