Accel Wealth Management LLC (Cedar Falls)

Name: Accel Wealth Management LLC
Address: 602 Main Street, Suite 200, Cedar Falls, IA, 50613
Telephone: 319-596-1101

Accel Wealth Management LLC is a large advisory firm based in Cedar Falls. It manages $270.74 million of regulatory assets for 416 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Iowa and Texas.

Accel Wealth Management 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 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Accel Wealth Management: assets under management

The assets under management (AUM) of Accel Wealth Management LLC is $270.74 million. The firm's AUM has gone down by -23% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $269.02 million in discretionary accounts and $1.72 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $677.64 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $90.28 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 75% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Accel Wealth Management is pension and profit sharing plans with 43 clients and $183.53 million of assets under management. Among the 12 most similar advisory firms, Accel Wealth Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $264.65 million for 414 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.

Accel Wealth Management doesn't advise any private funds.

Careers at Accel Wealth Management LLC

The company employs 10 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 8 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
Stacie Lynn Brass	Managing member and chief compliance officer	1 Oct 2000	Other	2275932
Inc. Accel Holdings	Owner	1 Dec 2016	75% - 100%	47-2112548

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Stacie Lynn Brass	Managing member	1 Oct 2014	25% - 50%	2275932
Michael Lee Byl	Member	1 Oct 2014	25% - 50%	2047482
Brett Alan Walker	Member	1 Oct 2014	25% - 50%	3231101

Based in Cedar Falls

The principal office where Accel Wealth Management LLC performs its advisory services is located at 602 Main Street, Suite 200, Cedar Falls, IA 50613, which is also the mailing address of the firm. An additional office of the firm is in Waverly, IA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 319-596-1101 or by fax 319-268-0334. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at acceladvantage.com.