Worthpointe, LLC (La Jolla)

Name: Worthpointe, LLC
Address: 888 Prospect Street, La Jolla, CA, 92037
Telephone: 800-620-4232

Worthpointe, LLC is a large advisory firm based in La Jolla. It manages $451.38 million of regulatory assets for 1,317 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 43 other states.

Worthpointe provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, 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.

Worthpointe: assets under management

The assets under management (AUM) of Worthpointe, LLC is $451.38 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 69% since the beginning of its operation, and $330 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $451.38 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $342.73 thousand each.

Worthpointe has custody of $228.36 million in cash and securities for 268 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 93% of the total AUM. The second-largest asset type is exchange traded securities, which make up 4% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Worthpointe, 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 Worthpointe serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Worthpointe is high net worth individuals with 141 clients and $336.07 million of assets under management. Among the 10 most similar advisory firms, Worthpointe has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $451.38 million for 492 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.

Worthpointe doesn't advise any private funds.

Careers at Worthpointe, LLC

The company employs 15 people that are either part- or full-time employees. 73 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Anthony George Ferreira	Wealth manager	1 Nov 2003	Other	4586955
Christopher Paul Vanslyke	Managing member	1 May 2007	75% - 100%	2870730
Brooksher Lee Morgan	Chief compliance officer	1 Mar 2013	Other	6013756
Kermit Johns	Wealth manager	1 Oct 2013	Other	2949339
Morgan Holton Smith	Wealth manager	1 Oct 2013	Other	4620769
Scott William O'brien	Wealth manager	1 Oct 2013	Other	1236835
Inc Worthhold	Holding company	1 Oct 2013	75% - 100%	46-3096472
Charles Larkin Stanley	Wealth manager	1 Jan 2014	Other	1805936
Allison Brooke Blake	Chief operational officer/chief compliance officer	1 Jul 2014	Other	5669353
Allison Brooke Reed	Chief operational officer/chief compliance officer	1 Jul 2014	Other	5669353
Richard Dale Wilkinson	Wealth manager	1 Feb 2015	Other	4141734
Joshua Isaiah Wilson	Wealth manager	1 Jun 2015	Other	5279243
Matt Gregg Addington	Wealth manager	1 Jan 2016	Other	5110554
Brooksher Lee Morgan	Wealth manager	1 Apr 2018	Other	6013756
John Howes Chapman	Wealth manager	1 Sep 2018	Other	5814089
Richard Dale Wilkinson	Wealth manager	1 Dec 2018	Other	4141734
Inc Worthhold	Holding company	1 Dec 2018	50% - 75%	46-3096472

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Paul Vanslyke	President	1 Oct 2013	75% - 100%	2870730

Based in La Jolla

The principal office where Worthpointe, LLC performs its advisory services is located at 888 Prospect Street, La Jolla, CA 92037, which is also the mailing address of the firm. An additional office of the firm is in Austin, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-620-4232 or by fax 888-619-5666. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at wpwm.com.