Wealth Enhancement & Preservation Of Ga, LLC (Alpharetta)

Name: Wealth Enhancement & Preservation Of Ga, LLC
Address: 5755 North Point Pkwy, Alpharetta, GA, 30022
Telephone: 678-739-0175

Wealth Enhancement & Preservation Of Ga, LLC is a large advisory firm based in Alpharetta. It manages $107 million of regulatory assets for 479 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Alabama, Florida, Georgia, and 3 other states.

Wealth Enhancement & Preservation Of Ga provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealth Enhancement & Preservation Of Ga: assets under management

The assets under management (AUM) of Wealth Enhancement & Preservation Of Ga, LLC is $107 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $107 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $223.38 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealth Enhancement & Preservation Of Ga, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Wealth Enhancement & Preservation Of Ga serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Wealth Enhancement & Preservation Of Ga is high net worth individuals with 250 clients and $75 million of assets under management. Among the 9 most similar advisory firms, Wealth Enhancement & Preservation Of Ga has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $107 million for 479 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.

Wealth Enhancement & Preservation Of Ga doesn't advise any private funds.

Careers at Wealth Enhancement & Preservation Of Ga, LLC

The company employs 13 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Darrin Stuart Cohen	Ceo, chief compliance officer	1 Sep 2014	Other	2488435
Inc. Darco Financial Services	Member	1 Dec 2016	75% - 100%	47-3345298
Llc Red Triangle	Member	1 Dec 2016	Other	147700
Inc. Martin & Gredys	Member	1 Dec 2016	Other	47-2747206
Llc First Quarter Group	Member	1 Dec 2016	Other	20-8247698
Jacob Kelly Sanders	Member	1 Jan 2019	Other	5643304

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Helen Coker Berenyi	Member/manager of red triangle, llc	1 Jun 2008	75% - 100%	2747518
Darrin Stuart Cohen	Stockholder of darco financial services, inc.	1 Dec 2016	75% - 100%	2488435
Thomas Stanley Martin	Stockholder of martin & gredys, inc.	1 Dec 2016	50% - 75%	1669878
Armand Patrick Glassman	Member of first quarter group, llc	1 Dec 2016	50% - 75%	5746414
Cindy Langford Glassman	Member of first quarter group, llc	1 Dec 2016	50% - 75%	6745577
Laura Gredys Martin	Stockholder of martin & gredys, inc.	1 Dec 2016	50% - 75%	6745579

Based in Alpharetta

The principal office where Wealth Enhancement & Preservation Of Ga, LLC performs its advisory services is located at 5755 North Point Pkwy, Alpharetta, GA 30022, which is also the mailing address of the firm. An additional office of the firm is in Charleston, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 678-739-0175 or by fax 678-739-0184. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at wealthofga.com/.