Wealthyx LLC (Austin)

Name: Wealthyx LLC
Address: 2101 South Ih35 Frontage Road, Austin, TX, 78741
Telephone: 973-271-6928

Wealthyx LLC is an internet adviser based in Austin. It manages $21 million of regulatory assets for 1,800 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, Arkansas, California, and 25 other states.

Wealthyx 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.

Wealthyx: assets under management

The assets under management (AUM) of Wealthyx LLC is $21 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 85252% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $21 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $11.67 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Wealthyx 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 Wealthyx serves?

The only and largest group of clients of Wealthyx is individuals with 1,800 clients and $21 million of assets under management. Among the 1 most similar advisory firms, Wealthyx has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $21 million for 1,800 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.

Wealthyx doesn't advise any private funds.

Careers at Wealthyx LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There’s a single person 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
Peter Yuen	Ceo and cco	1 Jul 2014	75% - 100%	2858453
New Kapitall Holdings Llc	Owner	1 Sep 2017	75% - 100%	61-1726754
Barry Bennett Mione	Cco	1 Sep 2017	Other	1683147
Saveday Inc	Owner	1 Mar 2019	75% - 100%	47-4977095

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Oksana Mindyuk Malysheva	Active	1 Jan 2015	50% - 75%	6404311

Based in Austin

The principal office where Wealthyx LLC performs its advisory services is located at 2101 South Ih35 Frontage Road, Austin, TX 78741, 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 973-271-6928. The normal business hours are 8 am to 4 pm est on Monday - Friday. You can find more information about the New York firm at wealthyx.com.