Wacker Wealth Partners, LLC (San Luis Obispo)

Name: Wacker Wealth Partners, LLC
Address: 892 Aerovista Place, San Luis Obispo, CA, 93401
Telephone: 805-541-1308

Wacker Wealth Partners, LLC is a large advisory firm based in San Luis Obispo. It manages $831.92 million of regulatory assets for 618 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Oregon, Texas, and Washington.

Wacker Wealth Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wacker Wealth Partners: assets under management

The assets under management (AUM) of Wacker Wealth Partners, LLC is $831.92 million. The firm's AUM has grown by 20% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $826.48 million in discretionary accounts and $5.43 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.35 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.36 million.

Wacker Wealth Partners has custody of $547.7 million in cash and securities for 1,229 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 88% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 9% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wacker Wealth Partners, LLC 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 Robert Eugene Wacker serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Robert Eugene Wacker is high net worth individuals with 324 clients and $619.3 million of assets under management. Among the 7 most similar advisory firms, Wacker Wealth Partners has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $825.39 million for 609 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.

Wacker Wealth Partners also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Wacker Wealth Partners, LLC

The company employs 17 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 8 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.

Robert Eugene Wacker has been acting as President since 1 Jan 2008. Alexander No Mi Pock joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Eugene Wacker	President	1 Jan 2008	25% - 50%	2053207
Bryan Matthew Krill	Chief operating officer	1 Jan 2008	Other	3115314
Alexander No Mi Pock	Chief compliance officer	1 Oct 2013	Other	6267856
Matthew Randall Wilson	Member	1 Oct 2013	Other	4177033
Patrick Colm O'hara	Member	1 Oct 2013	Other	2446216
Ryan Nicholas Caldwell	Member	1 Oct 2013	Other	5614149
Joan Clare Wenglikowski	Member	1 Oct 2013	Other	5488497
Mary Teresa Rose	Member	1 Oct 2013	Other	2698233

Based in San Luis Obispo

The principal office where Wacker Wealth Partners, LLC performs its advisory services is located at 892 Aerovista Place, San Luis Obispo, CA 93401, 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 805-541-1308 or by fax 805-541-5517. The normal business hours are 8:00 a.m to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at rewacker.com.