Vista Wealth Management Group, LLC (Palo Alto)


Vista Wealth Management Group, LLC is a large advisory firm based in Palo Alto. It manages $1.78 billion of regulatory assets for 1,955 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Florida, and 5 other states.

Vista Wealth Management Group provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Vista Wealth Management Group: assets under management

The assets under management (AUM) of Vista Wealth Management Group, LLC is $1.78 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.78 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $911.24 thousand each.
Vista Wealth Management Group has custody of $800.4 million in cash and securities for 63 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 82% of the total AUM. The second-largest asset type is state and local bonds, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Vista Wealth Management Group, 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 Vista Wealth Management Group serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Vista Wealth Management Group is high net worth individuals with 1,509 clients and $1.67 billion of assets under management. Among the 11 most similar advisory firms, Vista Wealth Management Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.77 billion for 1,952 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.

Vista Wealth Management Group doesn't advise any private funds.

Careers at Vista Wealth Management Group, LLC

The company employs 27 people that are either part- or full-time employees. 93 percent of the employees work as investment advisers or researchers. 16 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Brian Glenn Frazier has served as the Chief Investment Officer since 1 Jun 2018 and Michael Edward Spector is the Chief Executive Officer of Vista Wealth Management Group, LLC family office. Llc Focus Operating joined the executive team most recently as the Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Llc Focus Formation Holdings Member 1 Jul 2017 75% - 100% 82-2237678
Michael Edward Spector Chief executive officer 1 Jun 2018 Other 4343391
James Michael Knight Cco and coo 1 Jun 2018 Other 2838440
Brian Glenn Frazier Chief investment officer 1 Jun 2018 Other 1508930
Llc Focus Operating Member 1 Aug 2018 75% - 100% 20-8161914

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Llc Focus Financial Partners Member 1 Jan 2017 75% - 100% 16-1728260
L.P. Trident Vi Parallel Fund Member 1 Apr 2017 75% - 100% 98-1132009
Llc Trident Ffp Blocker Limited partner 1 May 2017 25% - 50% 82-1662776
L.P. Trident Vi Limited partner 1 May 2017 25% - 50% 98-1131820
L.P. Trident Ffp Member 1 Jul 2017 25% - 50% 82-1662703
Focus Financial Partners Inc. Member 1 Jul 2018 75% - 100% 47-4780811

Based in Palo Alto

The principal office where Vista Wealth Management Group, LLC performs its advisory services is located at 306 Cambridge Avenue, Palo Alto, CA 94306, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 650-252-0550 or by fax 844-811-6429. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at vistawealth.com.