Fortiter Wealth Management, LLC (Houston)

Name: Fortiter Wealth Management, LLC
Address: 1980 Post Oak Blvd., Houston, TX, 77056
Telephone: (832) 941-1234

Fortiter Wealth Management, LLC is a large advisory firm based in Houston. It manages $246.16 million of regulatory assets for 183 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Delaware and Texas.

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

Fortiter Wealth Management: assets under management

The assets under management (AUM) of Fortiter Wealth Management, LLC is $246.16 million. The firm's AUM has grown by 69% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $242.7 million in discretionary accounts and $3.47 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.5 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $165.19 thousand.

Fortiter Wealth Management has custody of $105.98 million in cash and securities for 19 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 63% of the total AUM. The second-largest asset type is state and local bonds, which make up 18% of the firm’s portfolio. Investments in exchange traded securities form 11% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Fortiter Wealth Management, LLC for their services and products based on a percentage of assets under management. 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 Fortiter Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Fortiter Wealth Management is high net worth individuals with 26 clients and $244.32 million of assets under management. Among the 7 most similar advisory firms, Fortiter Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $246.16 million for 29 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.

Fortiter Wealth Management doesn't advise any private funds.

Careers at Fortiter Wealth Management, 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. 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 compensates 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
Lynn Vincent Elliott	Cco / managing member	1 Aug 2014	75% - 100%	4243505

Based in Houston

The principal office where Fortiter Wealth Management, LLC performs its advisory services is located at 1980 Post Oak Blvd., Houston, TX 77056, 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 (832) 941-1234. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at fortiterwealth.com.