Correct Capital Wealth Management, LLC (Clayton)


Correct Capital Wealth Management, LLC is a large advisory firm based in Clayton. It manages $448.27 million of regulatory assets for 302 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Colorado, and 10 other states.

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

Correct Capital Wealth Management: assets under management

The assets under management (AUM) of Correct Capital Wealth Management, LLC is $448.27 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $448.27 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.48 million each.
Correct Capital Wealth Management has custody of $256.27 million in cash and securities for 156 clients in total but doesn’t act as a qualified custodian.

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 20% of the firm’s portfolio. Investments in state and local bonds form 20% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Correct Capital Wealth Management is high net worth individuals with 217 clients and $183.79 million of assets under management. Among the 7 most similar advisory firms, Correct Capital Wealth Management has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $448.27 million for 302 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.

Correct Capital Wealth Management doesn't advise any private funds.

Careers at Correct Capital Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. 60 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.

Stacy Leigh Sizemore joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Megan Louise Castleman Chief compliance officer 1 Sep 2018 75% - 100% 6434039
Brian Isadore Pultman Chief executive officer 1 Oct 2018 75% - 100% 2348657
Stacy Leigh Sizemore Chief compliance officer 1 Mar 2019 Other 4052029

Based in Clayton

The principal office where Correct Capital Wealth Management, LLC performs its advisory services is located at 130 S Bemiston Avenue, Clayton, MO 63105, 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 971-371-3450. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at correctcapital.com and its LinkedIn profile.