Towerpoint Wealth, LLC is a large advisory firm based in Sacramento. It manages $193.09 million of regulatory assets for 674 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Nebraska, and Texas.
Towerpoint Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, 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.
The assets under management (AUM) of Towerpoint Wealth, LLC is $193.09 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 54% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Towerpoint Wealth, 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Towerpoint Wealth is high net worth individuals with 82 clients and $140.32 million of assets under management. Among the 14 most similar advisory firms, Towerpoint Wealth has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $192.56 million for 233 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.
Towerpoint Wealth doesn't advise any private funds.
The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
The principal office where Towerpoint Wealth, LLC performs its advisory services is located at 500 Capitol Mall, Sacramento, CA 95814, 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 (916) 405-9140 or by fax (916) 405-9155. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at towerpointwealth.com.