Ae Wealth Management, LLC (Topeka)

Ae Wealth Management, LLC is a large advisory firm based in Topeka. It manages $5.53 billion of regulatory assets for 49,383 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Ae Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ae Wealth Management: assets under management

The assets under management (AUM) of Ae Wealth Management, LLC is $5.53 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 4069% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $5.53 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $111.91 thousand each.

Ae Wealth Management has custody of $630.86 million in cash and securities for 3,161 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 85% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ae Wealth 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.

What kind of clients David James Callanan serves?

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 David James Callanan is individuals with 27,064 clients and $4.58 billion of assets under management. Among the 10 most similar advisory firms, Ae Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $5.53 billion for 27,686 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.

Ae Wealth Management doesn't advise any private funds.

Careers at Ae Wealth Management, LLC

The company employs 373 people that are either part- or full-time employees. 85 percent of the employees work as investment advisers or researchers. 318 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 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.

David James Callanan has been acting as President since 1 Feb 2016. Kristine Alane Starkman joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Nicholas Paul Schilling	Vice president of marketing	1 Dec 2015	Other	5410017
David Robb Wolfe	General counsel	1 Dec 2015	Other	6603373
Ddc Holdings Llc	Llc member	1 Dec 2015	75% - 100%	20-2111213
Caleb Dean Crook	Chief compliance officer	1 Feb 2016	Other	6615592
James Micheal Heeney	Chief operating officer	1 Feb 2016	Other	3019122
David James Callanan	President	1 Feb 2016	Other	4237166
Karlun M. Callanan 2016 Irrevocable Trust A	Non-voting llc member	1 Jul 2016	25% - 50%	81-6614444
Llc Finishrich Media	Llc member	1 Jul 2016	Other	20-2066056
Jennifer A. Foster 2016 Irrevocable Trust A	Non-voting llc member	1 Jul 2016	25% - 50%	81-6612671
Christin R. Thompson 2016 Irrevocable Trust A	Non-voting llc member	1 Jul 2016	25% - 50%	81-6614340
Christopher Blake Radford	President	1 Dec 2017	Other	1564302
Amy Michelle Klotz	Chief financial officer	1 Mar 2018	Other	6929718
Kristine Alane Starkman	Chief compliance officer	1 Aug 2019	Other	2409241

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
David Louis Bach	Llc member	1 Dec 2004	75% - 100%	2368357
David James Callanan	Managing member	1 Dec 2015	25% - 50%	4237166
Derek James Thompson	Owner	1 Dec 2015	25% - 50%	4237108
Cody Grant Foster	Owner	1 Dec 2015	25% - 50%	4237075
David James Callanan	Trustee	1 Jun 2016	Other	4237166
Cody Grant Foster	Trustee	1 Jun 2016	Other	4237075
Derek James Thompson	Trustee	1 Jun 2016	Other	4237108

Based in Topeka

The principal office where Ae Wealth Management, LLC performs its advisory services is located at 2950 Sw Mcclure Road, Topeka, KS 66614, which is also the mailing address of the firm. An additional office of the firm is in Hammond, LA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 866-363-9595 or by fax 785-271-1448. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday.