Stonewater Wealth Management, Inc. (Corpus Christi)

Name: Stonewater Wealth Management, Inc.
Address: One North Shoreline Boulevard, Suite 1030 South To, Corpus Christi, TX, 78401
Telephone: (361) 482-0699

Stonewater Wealth Management, Inc. is a large advisory firm based in Corpus Christi. It manages $108.38 million of regulatory assets for 684 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Texas.

Stonewater Wealth Management 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.

Stonewater Wealth Management: assets under management

The assets under management (AUM) of Stonewater Wealth Management, Inc. is $108.38 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $108.38 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $158.45 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 88% of the total AUM. The second-largest asset type is exchange traded securities, which make up 11% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Stonewater Wealth Management, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Stonewater Wealth Management serves?

The firm provides services to individuals and pension and profit sharing plans. The largest group of clients of Stonewater Wealth Management is pension and profit sharing plans with 26 clients and $82.15 million of assets under management. Among the 10 most similar advisory firms, Stonewater Wealth Management has the 2nd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $108.38 million for 421 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.

Stonewater Wealth Management doesn't advise any private funds.

Careers at Stonewater Wealth Management, Inc.

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
Michael Ray Sharp	President - cco	1 Jul 2012	75% - 100%	4341733

Based in Corpus Christi

The principal office where Stonewater Wealth Management, Inc. performs its advisory services is located at One North Shoreline Boulevard, Suite 1030 South To, Corpus Christi, TX 78401, 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 (361) 482-0699 or by fax (361) 482-0701. The normal business hours are 9:00am -5:00pm on Monday - Friday. You can find more information about the New York firm at stonewaterwealth.com.