Sandlapper Wealth Management, LLC (Greenville)

Name: Sandlapper Wealth Management, LLC
Address: 800 East North St., Greenville, SC, 29601
Telephone: 864-679-4701

Sandlapper Wealth Management, LLC is a large advisory firm based in Greenville. It manages $234.97 million of regulatory assets for 1,183 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 28 other states.

Sandlapper Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sandlapper Wealth Management: assets under management

The assets under management (AUM) of Sandlapper Wealth Management, LLC is $234.97 million. The firm's AUM has grown by 6501% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $142.79 million in discretionary accounts and $92.18 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $170.8 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $265.65 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sandlapper Wealth Management, 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 Mark Edwin Reinstein serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Mark Edwin Reinstein is individuals with 1,049 clients and $158.47 million of assets under management. Among the 8 most similar advisory firms, Sandlapper Wealth Management has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $234.97 million for 1,183 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.

Sandlapper Wealth Management doesn't advise any private funds.

Careers at Sandlapper Wealth Management, LLC

The company employs 25 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 24 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 receive compensation from other entities for client referrals.

Mark Edwin Reinstein has been acting as President since 1 Jun 2015. Bjorn Jordan joined the executive team most recently as the Cco, Coo.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Edwin Reinstein	President, cfo, finop	1 Aug 2001	Other	1486887
Bjorn Jordan	Cco, coo	1 Apr 2006	Other	4366435
Trevor Lee Gordon	Chief executive officer	1 May 2012	75% - 100%	2195122
Jack Charles Bixler	Member	1 May 2012	Other	22331
Karl Delane Leonard	President/member	1 May 2012	Other	1542258
Kimberly B Sparks	Chief compliance officer	1 Jul 2012	Other	2748868
James Michael Tuohey	Finop	1 Feb 2013	Other	1828227
Howard Davis	President	1 Aug 2013	Other	1782118
Llc Sandlapper Wealth Management	Owner	1 May 2014	75% - 100%	164443
Mark Edwin Reinstein	President	1 Jun 2015	Other	1486887
Bjorn Jordan	Cco, coo	1 Jun 2015	Other	4366435

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Trevor Lee Gordon	Ceo	1 May 2014	75% - 100%	2195122
Jack Charles Bixler	Member	1 May 2014	Other	22331

Based in Greenville

The principal office where Sandlapper Wealth Management, LLC performs its advisory services is located at 800 East North St., Greenville, SC 29601, which is also the mailing address of the firm. An additional office of the firm is in St. Louis Park, MN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 864-679-4701 or by fax 864-631-1902. The normal business hours are 8:30 a.m.-5 p.m. on Monday - Friday. You can find more information about the New York firm at irexa.net.