Wealthstar Advisors, LLC (Plano)

Wealthstar Advisors, LLC is a large advisory firm based in Plano. It manages $355.76 million of regulatory assets for 2,013 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Colorado, Florida, and 5 other states.

Wealthstar Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealthstar Advisors: assets under management

The assets under management (AUM) of Wealthstar Advisors, LLC is $355.76 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 146% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $355.76 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $176.73 thousand each.

Investments

The firm invests in investment grade corporate bonds the most. They account for 44% of the total AUM. The second-largest asset type is exchange traded securities, which make up 34% of the firm’s portfolio. Investments in investment and business development companies form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealthstar Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Wealthstar Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Wealthstar Advisors is high net worth individuals with 410 clients and $339.48 million of assets under management. Among the 8 most similar advisory firms, Wealthstar Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $355.76 million for 627 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.

Wealthstar Advisors doesn't advise any private funds.

Careers at Wealthstar Advisors, LLC

The company employs 11 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 7 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
Jeffrey Robert Wolf	Managing member	1 Jan 2013	25% - 50%	2842614
Scott Alan Stockton	Managing member	1 Jan 2013	25% - 50%	2806750
Erik Lloyd Wyse	Managing member	1 Jan 2013	25% - 50%	2947140
Gery Joseph Sadzewicz	Cco	1 Jan 2014	Other	1090963
Jason Alan Dallmann	Chief compliance officer	1 Jul 2014	Other	4523789

Based in Plano

The principal office where Wealthstar Advisors, LLC performs its advisory services is located at 305 B W Spring Creek Parkway, Plano, TX 75023, which is also the mailing address of the firm. An additional office of the firm is in Olathe, KS. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 972-372-2935 or by fax 972-372-2960. The normal business hours are 9:00am - 5:00pm on Monday - Friday.