Wealthpoint Investments, LLC (Destin)

Name: Wealthpoint Investments, LLC
Address: 4458 Legendary Dr., Destin, FL, 32541
Telephone: 850-460-8444

Wealthpoint Investments, LLC is a large advisory firm based in Destin. It manages $179.19 million of regulatory assets for 537 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Arkansas, California, and 11 other states.

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

Wealthpoint Investments: assets under management

The assets under management (AUM) of Wealthpoint Investments, LLC is $179.19 million. The firm's AUM has grown by 33% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $119.41 million in discretionary accounts and $59.78 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $243.69 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.27 million.

Wealthpoint Investments has custody of $1.55 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is investment and business development companies, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealthpoint Investments, LLC 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 Wealthpoint Investments serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Wealthpoint Investments is individuals with 483 clients and $95.16 million of assets under management. Among the 9 most similar advisory firms, Wealthpoint Investments has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $178.94 million for 535 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.

Wealthpoint Investments doesn't advise any private funds.

Careers at Wealthpoint Investments, LLC

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 6 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
John Gerard Mchugh	Managing member	1 Dec 2014	75% - 100%	1830198
Darlene Sue Duncan	Chief compliance officer	1 Jan 2015	Other	728362
Darlene Sue Duncan	Chief compliance officer	1 Feb 2015	Other	728362

Based in Destin

The principal office where Wealthpoint Investments, LLC performs its advisory services is located at 4458 Legendary Dr., Destin, FL 32541, which is also the mailing address of the firm. An additional office of the firm is in Chesterfield, MO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 850-460-8444. The normal business hours are 8:00 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at wealthtrustam.com.