Silicon Valley Wealth Advisors, LLC (San Jose)


Silicon Valley Wealth Advisors, LLC is a large advisory firm based in San Jose. It manages $304.59 million of regulatory assets for 790 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, and Washington.

Silicon Valley Wealth Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Silicon Valley Wealth Advisors: assets under management

The assets under management (AUM) of Silicon Valley Wealth Advisors, LLC is $304.59 million. The firm's AUM has grown by 27% since the beginning of its operation, and $1.58 million of the total AUM is attributable to clients outside of the United States.

The firm manages $296.3 million in discretionary accounts and $8.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $379.39 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $921.11 thousand.
Silicon Valley Wealth Advisors has custody of $90.04 million in cash and securities for 89 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 38% of the total AUM. The second-largest asset type is investment and business development companies, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Silicon Valley Wealth Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Silicon Valley Wealth Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Silicon Valley Wealth Advisors is high net worth individuals with 107 clients and $252.57 million of assets under management. Among the 11 most similar advisory firms, Silicon Valley Wealth Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $304.59 million for 272 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Silicon Valley Wealth Advisors doesn't advise any private funds.

Careers at Silicon Valley Wealth Advisors, LLC

The company employs 7 people that are either part- or full-time employees. 71 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.

Christopher Allen Duke joined the executive team most recently as the Member, Senior Wealth Advisor.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Llc Lasecke Enterprises Member 1 Mar 2006 75% - 100% 20-4565016
Tracy Frank Lasecke Chief executive officer/chief compliance officer 1 Mar 2006 Other 2784045
Inc. Karel Capital Owner of class b membership units 1 Dec 2012 Other 94-3123312
Christopher Allen Duke Member, senior wealth advisor 1 Jan 2018 Other 5758549

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Tracy Frank Lasecke Member 1 Apr 2001 75% - 100% 2784045
Llc Lasecke Enterprises Member 1 Oct 2005 75% - 100% 20-4565016
James Frederick Karel Shareholder 1 Apr 2006 75% - 100% 861100

Based in San Jose

The principal office where Silicon Valley Wealth Advisors, LLC performs its advisory services is located at 3190 S. Bascom Avenue, San Jose, CA 95124, which is also the mailing address of the firm. An additional office of the firm is in Palo Alto, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 408-688-0888 or by fax 408-688-0880. The normal business hours are 9:00 am - 5:00 pm fridays: 9:00 am - 3:00pm on Monday - Friday. You can find more information about the New York firm at svwadvisors.com.