Wisebanyan, Inc. (Las Vegas)
Wisebanyan, Inc. is a large advisory firm based in Las Vegas. It manages $178.72 million of regulatory assets for 23,659 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.
Wisebanyan 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.
Wisebanyan: assets under management
The assets under management (AUM) of Wisebanyan, Inc. is $178.72 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1192% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in investment and business development companies the most. They account for 100% of the total AUM.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Wisebanyan, Inc. 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 Wisebanyan serves?
The firm provides services to individuals and high net worth individuals. The largest group of clients of Wisebanyan is individuals with 23,654 clients and $167.44 million of assets under management. Among the 9 most similar advisory firms, Wisebanyan has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $178.72 million for 23,659 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.
Wisebanyan doesn't advise any private funds.
Careers at Wisebanyan, Inc.
The company employs 10 people that are either part- or full-time employees. 30 percent of the employees work as investment advisers or researchers. No 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
Indirect Owners
The SEC currently registers 4 indirect owners.Based in Las Vegas
The principal office where Wisebanyan, Inc. performs its advisory services is located at 9205 W Russell Road, Las Vegas, NV 89148, 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 858-376-6055 or by fax 858-649-2249. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at wisebanyan.com.
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