Spelts Wealth Management, Inc (Chico)

Name: Spelts Wealth Management, Inc
Address: 901 Bruce Road, Chico, CA, 95928
Telephone: 530-891-0717

Spelts Wealth Management, Inc is a large advisory firm based in Chico. It manages $107 million of regulatory assets for 330 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California and Nebraska.

Spelts Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and publication of newsletters. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Spelts Wealth Management: assets under management

The assets under management (AUM) of Spelts Wealth Management, Inc is $107 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $107 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $324.24 thousand each.

Investments

The firm invests in pooled investment vehicles the most. They account for 43% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in non-exchange traded securities form 5% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals and high net worth individuals. The largest group of clients of Spelts Wealth Management is individuals with 265 clients and $70 million of assets under management. Among the 8 most similar advisory firms, Spelts Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $107 million for 330 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.

Spelts Wealth Management doesn't advise any private funds.

Careers at Spelts Wealth Management, Inc

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
Mark Warren Spelts	President and chief compliance officer	1 Jun 2011	75% - 100%	1802111

Based in Chico

The principal office where Spelts Wealth Management, Inc performs its advisory services is located at 901 Bruce Road, Chico, CA 95928, which is also the mailing address of the firm. An additional office of the firm is in Pasadena, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 530-891-0717 or by fax 530-891-0718. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at speltswm.com.