Ashworth & Sullivan Wealth Management Group, LLC (Alpharetta)

Name: Ashworth & Sullivan Wealth Management Group, LLC
Address: 30,000 Mill Creek Ave, Suite 340, Alpharetta, GA, 30022
Telephone: 770-771-5812

Ashworth & Sullivan Wealth Management Group, LLC is a large advisory firm based in Alpharetta. It manages $122.14 million of regulatory assets for 381 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Georgia, Tennessee, and Texas.

Ashworth & Sullivan Wealth Management Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ashworth & Sullivan Wealth Management Group: assets under management

The assets under management (AUM) of Ashworth & Sullivan Wealth Management Group, LLC is $122.14 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 516% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $122.14 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $320.57 thousand each.

Ashworth & Sullivan Wealth Management Group has custody of $21.68 million in cash and securities for 14 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 66% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ashworth & Sullivan Wealth Management Group, LLC for their services and products based on a percentage of assets under management, hourly charges, subscription fees, and fixed fees. Subscribers pay a regular fee for the advisory firm’s newsletter or periodical. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ashworth & Sullivan Wealth Management Group serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Ashworth & Sullivan Wealth Management Group is high net worth individuals with 51 clients and $63.39 million of assets under management. Among the 8 most similar advisory firms, Ashworth & Sullivan Wealth Management Group has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $120.49 million for 222 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.

Ashworth & Sullivan Wealth Management Group doesn't advise any private funds.

Careers at Ashworth & Sullivan Wealth Management Group, LLC

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 6 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
Marcus Alan Ashworth	Managing member	1 May 2009	50% - 75%	2890387
Casey Dominic Sullivan	Managing member	1 May 2009	50% - 75%	4763464
Jessica Vickery Dabbs	Chief compliance officer	1 Mar 2019	Other	5896572

Based in Alpharetta

The principal office where Ashworth & Sullivan Wealth Management Group, LLC performs its advisory services is located at 30,000 Mill Creek Ave, Suite 340, Alpharetta, GA 30022, 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 770-771-5812 or by fax 770-771-5885. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at ashworthsullivan.com.