Pactolus Private Wealth Management LLC is a large advisory firm based in Vienna. It manages $300.42 million of regulatory assets for 377 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Maryland, New York, and Virginia.
Pactolus Private 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, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Pactolus Private Wealth Management LLC is $300.42 million. The firm's AUM has grown by 220% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Pactolus Private Wealth Management LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, commissions, and performance-based 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.
The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Pactolus Private Wealth Management is high net worth individuals with 91 clients and $207.45 million of assets under management. Among the 10 most similar advisory firms, Pactolus Private Wealth Management has the 5th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $300.42 million for 97 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.
Pactolus Private Wealth Management also advises several private funds. Namely, two other private funds and four private equity funds. The minimum investment commitment required of non-related persons ranges from $1 to $250,000.
The company employs 10 people that are either part- or full-time employees. 20 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.
Alix Mattingly joined the executive team most recently as the Chief Council.
The principal office where Pactolus Private Wealth Management LLC performs its advisory services is located at 8614 Westwood Center Drive, Vienna, VA 22182, 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 571-297-6364. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at pactoluspwm.com and its LinkedIn profile.