Act Wealth Management, LLC (Plano)

Name: Act Wealth Management, LLC
Address: 7160 Dallas Parkway, Plano, TX, 75024 7215
Telephone: 214-618-2022

Act Wealth Management, LLC is a large advisory firm based in Plano. It manages $220.19 million of regulatory assets for 317 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, California, Colorado, and 10 other states.

Act Wealth Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Act Wealth Management: assets under management

The assets under management (AUM) of Act Wealth Management, LLC is $220.19 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 76% since the beginning of its operation, and $845.76 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $220.19 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $694.6 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 37% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Act Wealth Management, LLC for their services and products based on a percentage of assets under management. 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 Act Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Act Wealth Management is individuals with 96 clients and $178.2 million of assets under management. Among the 8 most similar advisory firms, Act Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $220.19 million for 167 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.

Act Wealth Management doesn't advise any private funds.

Careers at Act Wealth Management, LLC

The company employs 6 people that are either part- or full-time employees. 83 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 compensates 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
Daniel Etheridge Archer	Managing member	1 Dec 2010	25% - 50%	2762084
Raymon Bedford Tanner	Managing member/chief compliance officer	1 Dec 2010	25% - 50%	2402004
Brennan Gale Cross	Managing member	1 Dec 2010	25% - 50%	2634716

Based in Plano

The principal office where Act Wealth Management, LLC performs its advisory services is located at 7160 Dallas Parkway, Plano, TX 75024 7215, which is also the mailing address of the firm. An additional office of the firm is in Raleigh, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 214-618-2022 or by fax 214-919-4896. The normal business hours are 8:30 am - 5 pm on Monday - Friday. You can find more information about the New York firm at actwealthmanagement.com.