Wealthcare Capital Management LLC is a large advisory firm based in Richmond. It manages $1.26 billion of regulatory assets for 6,034 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Colorado, and 31 other states.
Wealthcare Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for approximately 1,500 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Wealthcare Capital Management LLC is $1.26 billion. The firm's AUM has grown by 55% since the beginning of its operation, and $13.44 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Wealthcare Capital Management 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.
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 Matthew Thomas Regan is individuals with 2,439 clients and $650.57 million of assets under management. Among the 9 most similar advisory firms, Wealthcare Capital Management has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $1.26 billion for 2,779 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.
Wealthcare Capital Management doesn't advise any private funds.
The company employs 57 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 34 employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people 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.
Matthew Thomas Regan has been acting as President since 1 Aug 2018. Ronald Eliot Madey has served as the Chief Investment Officer since 1 Mar 2014. Financeware Holdings Llc F/K/A Wealthcare Holdings Llc joined the executive team most recently as the Manager And Sole Member.
The principal office where Wealthcare Capital Management LLC performs its advisory services is located at 2 James Center, Richmond, VA 23219, which is also the mailing address of the firm. An additional office of the firm is in Louisville, KY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 804-644-4711 or by fax 804-644-4759. The normal business hours are 9:00 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at decaturfinancialadvisor.com.