West Park Wealth Advisors (Houston)

Name: West Park Wealth Advisors
Address: West8 Tower, Houston, TX, 77042
Telephone: 713-266-2993

West Park Wealth Advisors is a multi-state adviser based in Houston. It manages $83.19 million of regulatory assets for 456 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Alaska, Arizona, Arkansas, and 32 other states.

West Park Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

West Park Wealth Advisors: assets under management

The assets under management (AUM) of West Park Wealth Advisors is $83.19 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $69.59 million in discretionary accounts and $13.6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $181.23 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $188.88 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay West Park Wealth Advisors for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at West Park Wealth Advisors

The company employs 42 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 42 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.

Michael J Spears joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher David Gammon	Chief executive officer/chief financial officer	1 Jan 2000	75% - 100%	2354523
Michael J Spears	Chief compliance officer	1 Jan 2009	Other	4501523

Based in Houston

The principal office where West Park Wealth Advisors performs its advisory services is located at West8 Tower, Houston, TX 77042 The mailing address of the firm is West8 Tower, Houston, TX 77042. An additional office of the firm is in Boerne, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 713-266-2993 or by fax 713-266-2997. The normal business hours are 8:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at ims-securities.com.