Bridgewealth Advisory Group, LLC (Fresno)

Bridgewealth Advisory Group, LLC is a large advisory firm based in Fresno. It manages $248.68 million of regulatory assets for 782 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California and Texas.

Bridgewealth Advisory Group 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 more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bridgewealth Advisory Group: assets under management

The assets under management (AUM) of Bridgewealth Advisory Group, LLC is $248.68 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 107% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $248.68 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $318.01 thousand each.

Bridgewealth Advisory Group has custody of $42.15 million in cash and securities for 95 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 44% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in state and local bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bridgewealth Advisory Group, LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Bridgewealth Advisory Group serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Bridgewealth Advisory Group is high net worth individuals with 54 clients and $132.63 million of assets under management. Among the 9 most similar advisory firms, Bridgewealth Advisory Group has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $248.68 million for 309 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.

Bridgewealth Advisory Group doesn't advise any private funds.

Careers at Bridgewealth Advisory Group, LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. No 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kevin Christopher Hook	Chief compliance officer & managing member	1 Mar 2018	25% - 50%	4439944
Joshua Allen Carpenter	Managing member	1 Mar 2018	25% - 50%	4194303
Derek James Elrod	Managing member	1 Mar 2018	25% - 50%	4793202

Based in Fresno

The principal office where Bridgewealth Advisory Group, LLC performs its advisory services is located at 986 West Alluvial Ave., Fresno, CA 93711, 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 (559) 432-6100. The normal business hours are 8am-4pm on Monday - Friday.