Arq Wealth Advisors, LLC (Scottsdale)

Name: Arq Wealth Advisors, LLC
Address: 14500 N. Northsight Blvd, Ste 200, Scottsdale, AZ, 85260
Telephone: 480.634.1916

Arq Wealth Advisors, LLC is a large advisory firm based in Scottsdale. It manages $246.59 million of regulatory assets for 791 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, California, Ohio, Texas, and Washington.

Arq Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Arq Wealth Advisors: assets under management

The assets under management (AUM) of Arq Wealth Advisors, LLC is $246.59 million. The firm's AUM has grown by 278% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $242.14 million in discretionary accounts and $4.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $308.45 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $743.02 thousand.

Arq Wealth Advisors has custody of $119.95 million in cash and securities for 222 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 52% of the total AUM. The second-largest asset type is exchange traded securities, which make up 45% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Arq Wealth Advisors, LLC for their services and products based on a percentage of assets under management. 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 Arq Wealth Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Arq Wealth Advisors is high net worth individuals with 79 clients and $158.63 million of assets under management. Among the 12 most similar advisory firms, Arq Wealth Advisors has the 6th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $246.24 million for 270 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.

Arq Wealth Advisors doesn't advise any private funds.

Careers at Arq Wealth Advisors, LLC

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 5 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
Gregory Courtland Yocum	Managing member / chief compliance officer	1 May 2008	25% - 50%	2981407
Richard Alan Siegel	Managing member	1 May 2008	50% - 75%	2857109
James Nelson Robinson	Member / investment advisor representative	1 Jan 2015	Other	6323466
John Christopher Remm	Member	1 Dec 2015	Other	3220220

Based in Scottsdale

The principal office where Arq Wealth Advisors, LLC performs its advisory services is located at 14500 N. Northsight Blvd, Ste 200, Scottsdale, AZ 85260, 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 480.634.1916 or by fax 480.383.6556. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at arqwealth.com.