Equistar Wealth Management LLC (Austin)

Name: Equistar Wealth Management LLC
Address: 3103 Bee Caves Rd, Austin, TX, 78746
Telephone: 512-250-2277

Equistar Wealth Management LLC is a large advisory firm based in Austin. It manages $137.09 million of regulatory assets for 245 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Texas.

Equistar Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Equistar Wealth Management: assets under management

The assets under management (AUM) of Equistar Wealth Management LLC is $137.09 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 28% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $137.09 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $559.53 thousand each.

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 19% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Equistar Wealth Management 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 Equistar Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Equistar Wealth Management is high net worth individuals with 3 clients and $89.37 million of assets under management. Among the 5 most similar advisory firms, Equistar Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $137.09 million for 66 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.

Equistar Wealth Management doesn't advise any private funds.

Careers at Equistar Wealth Management LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jenny Gipson Fleming	Managing member/cco	1 Sep 2008	50% - 75%	5149037
Sara Leigh Seely	Member	1 Apr 2013	25% - 50%	4471515

Based in Austin

The principal office where Equistar Wealth Management LLC performs its advisory services is located at 3103 Bee Caves Rd, Austin, TX 78746, 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 512-250-2277 or by fax 512-729-8620. The normal business hours are 9-5 on Other. You can find more information about the New York firm at eswealth.com.