Valiant Wealth, LLC (West Des Moines)


Valiant Wealth, LLC is a large advisory firm based in West Des Moines. It manages $154.45 million of regulatory assets for 765 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, Iowa, Tennessee, and Texas.

Valiant Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Valiant Wealth: assets under management

The assets under management (AUM) of Valiant Wealth, LLC is $154.45 million. The firm's AUM has grown by 42% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $132.8 million in discretionary accounts and $21.65 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $175.43 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.71 million.
Valiant Wealth has custody of $154.45 million in cash and securities for 151 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 92% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% 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 Valiant Wealth, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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 Valiant Wealth serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Valiant Wealth is high net worth individuals with 53 clients and $88.08 million of assets under management. Among the 13 most similar advisory firms, Valiant Wealth has the 7th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $154.45 million for 151 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.

Valiant Wealth doesn't advise any private funds.

Careers at Valiant Wealth, LLC

The company employs 6 people that are either part- or full-time employees. 33 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 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
Douglas Dean Vander Weide Managing member 1 Jun 2008 75% - 100% 2006093
Paul William Hassebroek Chief compliance officer 1 Oct 2015 Other 4681549
Paul W Hassebroek Chief compliance officer 1 Oct 2015 Other 4681549
Michael Scott Stegg Chief compliance officer 1 Mar 2019 Other 7082389

Based in West Des Moines

The principal office where Valiant Wealth, LLC performs its advisory services is located at 3408 Woodland Ave, West Des Moines, IA 50266, which is also the mailing address of the firm. An additional office of the firm is in Jupiter, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 515-223-6068 or by fax 515-223-6181. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at valiantwealth.com.