Platte River Wealth Advisors, LLC (Louisville)

Platte River Wealth Advisors, LLC is a large advisory firm based in Louisville. It manages $292.67 million of regulatory assets for 119 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Colorado and Texas.

Platte River Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, 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.

Platte River Wealth Advisors: assets under management

The assets under management (AUM) of Platte River Wealth Advisors, LLC is $292.67 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $292.67 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.46 million each.

Platte River Wealth Advisors has custody of $600 thousand in cash and securities for 3 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 45% of the total AUM. The second-largest asset type is state and local bonds, which make up 25% of the firm’s portfolio. Investments in exchange traded securities form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Platte River Wealth Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Platte River Wealth Advisors serves?

The only and largest group of clients of Platte River Wealth Advisors is high net worth individuals with 40 clients and $292.67 million of assets under management. Among the 9 most similar advisory firms, Platte River Wealth Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $292.67 million for 40 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.

Platte River Wealth Advisors doesn't advise any private funds.

Careers at Platte River Wealth Advisors, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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
Jenny Marie James	Cco	1 May 2019	Other	2810072
Tyler Richard Olsen	Managing member	1 May 2019	75% - 100%	4588424
Jenny Marie James	Cco	1 Jun 2019	Other	2810072
Tyler Richard Olsen	Managing member	1 Jun 2019	75% - 100%	4588424

Based in Louisville

The principal office where Platte River Wealth Advisors, LLC performs its advisory services is located at 726 Front Street, Louisville, CO 80027, 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 720-738-9010. The normal business hours are 8am to 4pm on Monday - Friday.