Westshore Wealth, LLC (Newport Beach)

Name: Westshore Wealth, LLC
Address: 4041 Macarthur Blvd., Newport Beach, CA, 92660
Telephone: (949) 825-7505

Westshore Wealth, LLC is a large advisory firm based in Newport Beach. It manages $258.53 million of regulatory assets for 392 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, and Texas.

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

Westshore Wealth: assets under management

The assets under management (AUM) of Westshore Wealth, LLC is $258.53 million. The firm's AUM has grown by 74% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $230.31 million in discretionary accounts and $28.22 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $602.9 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.82 million.

Investments

The firm invests in exchange traded securities the most. They account for 38% of the total AUM. The second-largest asset type is investment and business development companies, which make up 31% of the firm’s portfolio. Investments in state and local bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Westshore Wealth, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Westshore Wealth serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Westshore Wealth is high net worth individuals with 68 clients and $253.72 million of assets under management. Among the 10 most similar advisory firms, Westshore Wealth has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $254.96 million for 89 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.

Westshore Wealth doesn't advise any private funds.

Careers at Westshore Wealth, LLC

The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 7 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
Trevor Blake Bryant	Managing member	1 Apr 2016	50% - 75%	5240858
Ryan S Brizendine	Managing member	1 Apr 2016	50% - 75%	5397604
Ryan Scott Ornellas	Chief compliance officer & chief operating officer	1 Nov 2016	Other	4583520
Ryan Byron Mcguire	Managing member	1 Oct 2018	Other	5435181
Rob Marvin Sigler	Managing member	1 Oct 2018	Other	2364256

Based in Newport Beach

The principal office where Westshore Wealth, LLC performs its advisory services is located at 4041 Macarthur Blvd., Newport Beach, CA 92660, which is also the mailing address of the firm. An additional office of the firm is in Dallas, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (949) 825-7505 or by fax N/A. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at westshorewealth.com and its LinkedIn profile.