Vine Street Wealth Management, LLC (Mill Valley)

Name: Vine Street Wealth Management, LLC
Address: 100 Shoreline Highway, Suite B300, Mill Valley, CA, 94941
Telephone: (415) 688-4444

Vine Street Wealth Management, LLC is a large advisory firm based in Mill Valley. It manages $135.19 million of regulatory assets for 158 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of California.

Vine Street Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Vine Street Wealth Management: assets under management

The assets under management (AUM) of Vine Street Wealth Management, LLC is $135.19 million. The firm's AUM has grown by 33% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $128.1 million in discretionary accounts and $7.09 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.22 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $133.79 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is state and local bonds, which make up 40% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Vine Street Wealth Management, LLC for their services and products based on a percentage of assets under management. 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 Vine Street 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 Vine Street Wealth Management is high net worth individuals with 21 clients and $121.15 million of assets under management. Among the 10 most similar advisory firms, Vine Street Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $135.19 million for 47 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.

Vine Street Wealth Management doesn't advise any private funds.

Careers at Vine Street Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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
Zachary Wilson Perry	Managing director	1 Feb 2014	Other	2683721
John Carlo Bernabei	Managing director/chief compliance officer	1 May 2014	25% - 50%	2187056
Alexander Kovriga	Managing director/co-chief investment officer	1 Oct 2016	Other	6050274
Alexander Kovriga	Managing director	1 Apr 2017	Other	6050274
Llc Vine Street Holdings	Member	1 Jun 2017	25% - 50%	82-1958630
Carolina Yann Lau	Managing director/chief operating officer	1 Oct 2017	Other	4459586
John Edward Lyons	Managing director	1 Oct 2017	Other	1416835

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Zachary Wilson Perry	Managing member	1 May 2017	25% - 50%	2683721
John Carlo Bernabei	Managing member	1 May 2017	25% - 50%	2187056
Alexander Kovriga	Managing member	1 May 2017	25% - 50%	6050274

Based in Mill Valley

The principal office where Vine Street Wealth Management, LLC performs its advisory services is located at 100 Shoreline Highway, Suite B300, Mill Valley, CA 94941, 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 (415) 688-4444. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at vinestreetwealthmanagement.com.