Wright Wealth Strategies, LLC (San Luis Obispo)

Name: Wright Wealth Strategies, LLC
Address: 408 Higuera Street, San Luis Obispo, CA, 93401
Telephone: 805-592-1221

Wright Wealth Strategies, LLC is an adviser based in San Luis Obispo. It manages $71.7 million of regulatory assets for 270 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of California, Louisiana, and Texas.

Wright Wealth Strategies provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wright Wealth Strategies: assets under management

The assets under management (AUM) of Wright Wealth Strategies, LLC is $71.7 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $49.8 million in discretionary accounts and $21.9 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $190.08 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.74 million.

Wright Wealth Strategies has custody of $5.6 million in cash and securities for 34 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 61% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wright Wealth Strategies, 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 Wright Wealth Strategies serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Wright Wealth Strategies is high net worth individuals with 28 clients and $24 million of assets under management. Among the 3 most similar advisory firms, Wright Wealth Strategies has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $71.7 million for 130 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.

Wright Wealth Strategies doesn't advise any private funds.

Careers at Wright Wealth Strategies, LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew James Wright	Managing member & chief compliance officer	1 Jul 2019	75% - 100%	2609910
Li Zhang	Operations manager	1 Jul 2019	25% - 50%	6367742

Based in San Luis Obispo

The principal office where Wright Wealth Strategies, LLC performs its advisory services is located at 408 Higuera Street, 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 805-592-1221 or by fax 805-592-1222. The normal business hours are 8 am - 4 pm on Monday - Friday. You can find more information about the New York firm at wrightws.com.