Financial Guard, LLC (Salt Lake City)


Financial Guard, LLC is an internet adviser based in Salt Lake City. It manages $1.48 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Financial Guard 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.

Financial Guard: assets under management

The assets under management (AUM) of Financial Guard, LLC is $1.48 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.48 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $134.79 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 62% of the total AUM. The second-largest asset type is exchange traded securities, which make up 36% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Guard, 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 James Wentworth Jenkins serves?

The only and largest group of clients of James Wentworth Jenkins is individuals with 9 clients and $1.48 million of assets under management. Among the 3 most similar advisory firms, Financial Guard has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.48 million for 9 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.

Financial Guard doesn't advise any private funds.

Careers at Financial Guard, LLC

The company employs 19 people that are either part- or full-time employees. 68 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 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.

James Wentworth Jenkins has been acting as President since 1 Sep 2008. David Garth Williams joined the executive team most recently as the Platform Manager.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
James Wentworth Jenkins Director 1 Sep 2008 25% - 50% 1032268
Cary Porter Jenkins Member 1 Sep 2008 Other 5877075
Danny Quentin Humphrey President 1 May 2009 Other 2580858
James Rex Ivie Chief compliance officer 1 Mar 2010 Other 5037555
Kevin Patrick Pohmer President - chief compliance officer 1 Jun 2013 Other 5894107
Craig N Grimm Chief operating officer 1 Jun 2013 Other 3172565
Cherokee & Walker Fund Ii Investor in financial guard 1 Dec 2014 Other 80-0273957
Craig N Grimm Director and chief operating officer 1 Aug 2016 Other 3172565
Kenneth David Cieprisz Chief compliance officer 1 Aug 2016 Other 2303713
Cary Porter Jenkins Director and chief innovation officer 1 Aug 2016 Other 5877075
Roger Paradiso Chairman of board and nominated executive 1 Aug 2016 Other 1988315
Kristopher Ryan Smith Director 1 Aug 2016 Other 4347963
Terrence Andrew Johnson Director 1 Aug 2016 Other 5543404
Inc. Legg Mason Majority member 1 Aug 2016 75% - 100% 52-1200960
Senthil Kumara Velan Subramanyam Chief technology officer 1 Apr 2017 Other 6791836
David Garth Williams Platform manager 1 Apr 2018 Other 6962647

Based in Salt Lake City

The principal office where Financial Guard, LLC performs its advisory services is located at 1952 East Fort Union Blvd, Salt Lake City, UT 84121, which is also the mailing address of the firm. An additional office of the firm is in Stamford, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 614-973-6999. The normal business hours are 8 am to 6 pm on Monday - Friday. You can find more information about the New York firm at financialguard.com.