Ironbridge Private Wealth, LLC (Austin)

Name: Ironbridge Private Wealth, LLC
Address: 3600 North Capital Of Texas Highway, Austin, TX, 78746
Telephone: 512-327-8901

Ironbridge Private Wealth, LLC is a large advisory firm based in Austin. It manages $102.7 million of regulatory assets for 250 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Louisiana and Texas.

Ironbridge Private Wealth provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ironbridge Private Wealth: assets under management

The assets under management (AUM) of Ironbridge Private Wealth, LLC is $102.7 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 185% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $102.7 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $410.8 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% 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 Ironbridge Private Wealth, LLC for their services and products based on a percentage of assets under management, hourly charges, subscription fees, fixed fees, and performance-based fees. Subscribers pay a regular fee for the advisory firm’s newsletter or periodical. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ironbridge Private Wealth serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Ironbridge Private Wealth is high net worth individuals with 40 clients and $93.2 million of assets under management. Among the 9 most similar advisory firms, Ironbridge Private Wealth has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $102.7 million for 81 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.

Ironbridge Private Wealth doesn't advise any private funds.

Careers at Ironbridge Private Wealth, LLC

The company employs 5 people that are either part- or full-time employees. 80 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
James Charles Mendelson	Managing member & chief compliance officer	1 Nov 2016	75% - 100%	4974293
Melanie Lorraine Denholm	Manager, cco	1 Apr 2017	75% - 100%	6778457
James Mcknight Denholm	Manager, cco	1 Jun 2017	75% - 100%	4391568

Based in Austin

The principal office where Ironbridge Private Wealth, LLC performs its advisory services is located at 3600 North Capital Of Texas Highway, Austin, TX 78746, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 512-327-8901 or by fax 512-222-4253. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at ironbridge360.com.