Traust Sollus Wealth Management, LLC (Princeton)

Name: Traust Sollus Wealth Management, LLC
Address: 103 Carnegie Center, Princeton, NJ, 08540
Telephone: (609) 779-6700

Traust Sollus Wealth Management, LLC is a large advisory firm based in Princeton. It manages $410.5 million of regulatory assets for 808 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Connecticut, Florida, Louisiana, and 5 other states.

Traust Sollus Wealth Management provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and advice on matters not involving securities.. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Traust Sollus Wealth Management: assets under management

The assets under management (AUM) of Traust Sollus Wealth Management, LLC is $410.5 million. The firm's AUM has grown by 117% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $392.38 million in discretionary accounts and $18.12 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $515.6 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $385.61 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 41% of the total AUM. The second-largest asset type is investment and business development companies, which make up 37% of the firm’s portfolio. Investments in state and local bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Traust Sollus Wealth Management, LLC for their services and products based on a percentage of assets under management and performance-based 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 Guy Mcphail serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Guy Mcphail is high net worth individuals with 108 clients and $399.92 million of assets under management. Among the 6 most similar advisory firms, Traust Sollus Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $410.5 million for 152 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.

Traust Sollus Wealth Management doesn't advise any private funds.

Careers at Traust Sollus Wealth Management, LLC

The company employs 25 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 6 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.

Guy Mcphail has been acting as President since 1 Mar 2005. The Pont Des Arts Trust joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Albert James Zdenek	President and chief executive officer (3/2005)	1 Dec 1982	Other	2190348
Zdenek Family Irrevocable Trust	Owner	1 Dec 2000	50% - 75%	22-6840806
Guy Mcphail	President	1 Mar 2005	Other	4572006
Brian Michael Picariello	Partner	1 Jan 2008	Other	4218709
Henry D Morneault	Chief operating officer	1 Oct 2009	Other	4439415
Richard William Weyers	Chief operating officer and chief compliance officer	1 Jan 2012	Other	2793493
The Tyrus Group	Owner	1 Jan 2015	Other	22-3272823
The Pont Des Arts Trust	Owner	1 Dec 2016	Other	20-6432196

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Albert James Zdenek	Trustee	1 Dec 2000	75% - 100%	2190348
Albert James Zdenek	Trustee	1 Apr 2004	Other	2190348

Based in Princeton

The principal office where Traust Sollus Wealth Management, LLC performs its advisory services is located at 103 Carnegie Center, Princeton, NJ 08540, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (609) 779-6700 or by fax (609) 779-6701. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at tswealth.com.