Net Worth Advisory Group, LLC (Sandy)

Name: Net Worth Advisory Group, LLC
Address: 75 W. Towne Ridge Parkway, Sandy, UT, 84070
Telephone: 801-566-6639

Net Worth Advisory Group, LLC is a large advisory firm based in Sandy. It manages $326 million of regulatory assets for 1,879 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Arizona, California, Colorado, and 4 other states.

Net Worth Advisory Group provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Net Worth Advisory Group: assets under management

The assets under management (AUM) of Net Worth Advisory Group, LLC is $326 million. The firm's AUM has grown by 135% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $196.9 million in discretionary accounts and $129.11 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $150.88 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $224.92 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 16% of the firm’s portfolio. Investments in government bonds form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Net Worth Advisory Group, 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 Net Worth Advisory Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Net Worth Advisory Group is high net worth individuals with 114 clients and $256.5 million of assets under management. Among the 9 most similar advisory firms, Net Worth Advisory Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $326 million for 413 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.

Net Worth Advisory Group doesn't advise any private funds.

Careers at Net Worth Advisory Group, LLC

The company employs 16 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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
Raymond Evan Levitre	Managing member & chief compliance officer	1 Apr 2003	50% - 75%	2047629
David William Swapp	Managing member	1 Jan 2008	50% - 75%	4888140

Based in Sandy

The principal office where Net Worth Advisory Group, LLC performs its advisory services is located at 75 W. Towne Ridge Parkway, Sandy, UT 84070, 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 801-566-6639 or by fax 801-566-6688. The normal business hours are 8 am to 5 pm mountain standard time on Monday - Friday. You can find more information about the New York firm at networthadvice.com.