Private Wealth Strategies, L.L.C. (Worthington)

Name: Private Wealth Strategies, L.L.C.
Address: 300 West Wilson Bridge Road, Worthington, OH, 43085
Telephone: (614) 888-2117

Private Wealth Strategies, L.L.C. is a large advisory firm based in Worthington. It manages $304.26 million of regulatory assets for 711 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Connecticut, Florida, and 13 other states.

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

Private Wealth Strategies, L.L.C: assets under management

The assets under management (AUM) of Private Wealth Strategies, L.L.C. is $304.26 million. 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 $302.95 million in discretionary accounts and $1.31 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.97 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.95 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 73% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Private Wealth Strategies, L.L.C. 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 Private Wealth Strategies, L.L.C serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Private Wealth Strategies, L.L.C is high net worth individuals with 60 clients and $268.39 million of assets under management. Among the 8 most similar advisory firms, Private Wealth Strategies, L.L.C has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $304.26 million for 703 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.

Private Wealth Strategies, L.L.C doesn't advise any private funds.

Careers at Private Wealth Strategies, L.L.C.

The company employs 12 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. 5 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
Lewis D Shore & Associates	Owner	1 Aug 2018	25% - 50%	31-0899403
Inc Jomo Holdings	Owner	1 Aug 2018	25% - 50%	83-1654994
Inc Barakat Holdings	Owner	1 Aug 2018	Other	81-1671048
Adam Christopher Osterling	Chief compliance officer	1 Sep 2018	Other	6730087

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lewis Dorian Shore	Owner	1 Aug 2018	25% - 50%	810568
Jon R Morgan	Owner	1 Aug 2018	25% - 50%	1977682
Marya C Young	President and shareholder	1 Aug 2018	75% - 100%	4542541

Based in Worthington

The principal office where Private Wealth Strategies, L.L.C. performs its advisory services is located at 300 West Wilson Bridge Road, Worthington, OH 43085, 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 (614) 888-2117 or by fax (614) 888-2023. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at shoremorganyoung.com and its LinkedIn profile.