Highwater Wealth Management LLC (Glendale)


Highwater Wealth Management LLC is a large advisory firm based in Glendale. It manages $181.13 million of regulatory assets for 213 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Colorado, Louisiana, Mississippi, and Texas.

Highwater 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.

Highwater Wealth Management: assets under management

The assets under management (AUM) of Highwater Wealth Management LLC is $181.13 million. The firm's AUM has grown by 625% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $175.58 million in discretionary accounts and $5.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $864.91 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $555.33 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 66% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Highwater Wealth Management LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Highwater Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Highwater Wealth Management is high net worth individuals with 53 clients and $130.77 million of assets under management. Among the 8 most similar advisory firms, Highwater Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $181.13 million for 204 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.

Highwater Wealth Management doesn't advise any private funds.

Careers at Highwater Wealth Management 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. No 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
George Dickson Griswold Managing member 1 Mar 2011 75% - 100% 2190236
Sharon Lee Gaare Chief compliance officer 1 Mar 2016 Other 4381013

Based in Glendale

The principal office where Highwater Wealth Management LLC performs its advisory services is located at 650 S Cherry Street, Glendale, CO 80246 The mailing address of the firm is 650 S Cherry Street, Glendale, CO 80246. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 7204767924 or by fax 720-593-4502. The normal business hours are 8:00am to 4:00pm on Monday - Friday. You can find more information about the New York firm at highwaterwealth.com and its LinkedIn profile.