Inlet Private Wealth, LLC (Jupiter)

Name: Inlet Private Wealth, LLC
Address: 1061 E. Indiantown Rd., Jupiter, FL, 33477
Telephone: (561) 781-0400

Inlet Private Wealth, LLC is a large advisory firm based in Jupiter. It manages $222.06 million of regulatory assets for 76 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, Missouri, and New York.

Inlet Private Wealth provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Inlet Private Wealth: assets under management

The assets under management (AUM) of Inlet Private Wealth, LLC is $222.06 million. The firm's AUM has grown by 7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $176.16 million in discretionary accounts and $45.9 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.41 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $15.3 million.

Investments

The firm invests in exchange traded securities the most. They account for 91% of the total AUM. The second-largest asset type is state and local bonds, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

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

The only and largest group of clients of Inlet Private Wealth is high net worth individuals with 44 clients and $222.06 million of assets under management. Among the 9 most similar advisory firms, Inlet Private Wealth has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $222.06 million for 44 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.

Inlet Private Wealth doesn't advise any private funds.

Careers at Inlet Private Wealth, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Ted Eugene Furniss	Managing member and chief compliance officer	1 Jun 2018	50% - 75%	3054649
Victoria Lynn Peaper	Managing member	1 Jun 2018	50% - 75%	6979855

Based in Jupiter

The principal office where Inlet Private Wealth, LLC performs its advisory services is located at 1061 E. Indiantown Rd., Jupiter, FL 33477, 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 (561) 781-0400. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at inletprivatewealth.com and its LinkedIn profile.