Private Wealth Management Of North Carolina LLC (Henderson)

Name: Private Wealth Management Of North Carolina LLC
Address: 129 W. Belle Street, Henderson, NC, 27536
Telephone: 252-492-8694

Private Wealth Management Of North Carolina LLC is a large advisory firm based in Henderson. It manages $103.42 million of regulatory assets for 626 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of North Carolina and Texas.

Private Wealth Management Of North Carolina provides financial planning services, 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.

Private Wealth Management Of North Carolina: assets under management

The assets under management (AUM) of Private Wealth Management Of North Carolina LLC is $103.42 million. The firm's AUM has grown by 107% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $101.51 million in discretionary accounts and $1.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $162.67 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $958.79 thousand.

Private Wealth Management Of North Carolina has custody of $4.19 million in cash and securities for 28 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 90% 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 non-investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Private Wealth Management Of North Carolina 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 Private Wealth Management Of North Carolina serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Private Wealth Management Of North Carolina is individuals with 599 clients and $56.51 million of assets under management. Among the 6 most similar advisory firms, Private Wealth Management Of North Carolina has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $103.42 million for 626 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.

Private Wealth Management Of North Carolina doesn't advise any private funds.

Careers at Private Wealth Management Of North Carolina 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
Toney Otis Falkner	Managing member and chief compliance officer	1 Oct 2009	75% - 100%	2820826

Based in Henderson

The principal office where Private Wealth Management Of North Carolina LLC performs its advisory services is located at 129 W. Belle Street, Henderson, NC 27536, which is also the mailing address of the firm. An additional office of the firm is in Raleigh, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 252-492-8694 or by fax 252-738-8929. The normal business hours are 8:30am to 5pm on Monday - Friday. You can find more information about the New York firm at pwmofnc.com/.