Portico Wealth Advisors, LLC (Larkspur)

Name: Portico Wealth Advisors, LLC
Address: 17 E. Sir Francis Drake Blvd., Larkspur, CA, 94939
Telephone: 415-925-8700

Portico Wealth Advisors, LLC is a large advisory firm based in Larkspur. It manages $104.03 million of regulatory assets for 197 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of California.

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

Portico Wealth Advisors: assets under management

The assets under management (AUM) of Portico Wealth Advisors, LLC is $104.03 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -4% since the beginning of its operation, and $507.95 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $104.03 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $528.05 thousand each.

Portico Wealth Advisors has custody of $9.53 million in cash and securities for 7 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 63% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 25% of the firm’s portfolio. Investments in exchange traded securities form 7% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Portico Wealth Advisors, 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 Portico Wealth Advisors serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Portico Wealth Advisors is high net worth individuals with 25 clients and $55.1 million of assets under management. Among the 10 most similar advisory firms, Portico Wealth Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $99.77 million for 57 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Portico Wealth Advisors doesn't advise any private funds.

Careers at Portico Wealth Advisors, LLC

The company employs 2 people that are either part- or full-time employees. 100 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
Jonathan David Leidy	Managing member	1 Oct 2009	25% - 50%	4192876
David Joseph Tarantino	Managing member, chief compliance officer	1 Feb 2010	50% - 75%	1886426

Based in Larkspur

The principal office where Portico Wealth Advisors, LLC performs its advisory services is located at 17 E. Sir Francis Drake Blvd., Larkspur, CA 94939, 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 415-925-8700. The normal business hours are 8:00-5:00 on Monday - Friday. You can find more information about the New York firm at porticowealth.com and its LinkedIn profile.