Wealth Alliance Advisory Group, LLC (Wichita)


Wealth Alliance Advisory Group, LLC is a large advisory firm based in Wichita. It manages $290.34 million of regulatory assets for 1,144 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Colorado, Florida, Kansas, and 4 other states.

Wealth Alliance Advisory Group provides financial planning services, portfolio management for individuals and small businesses, 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.

Wealth Alliance Advisory Group: assets under management

The assets under management (AUM) of Wealth Alliance Advisory Group, LLC is $290.34 million. The firm's AUM has grown by 9% since the beginning of its operation, and $149.3 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $275.7 million in discretionary accounts and $14.64 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $241.63 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.88 million.
Wealth Alliance Advisory Group has custody of $135.99 million in cash and securities for 431 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 59% of the total AUM. The second-largest asset type is exchange traded securities, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealth Alliance Advisory Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Wealth Alliance Advisory Group serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Wealth Alliance Advisory Group is high net worth individuals with 60 clients and $155.35 million of assets under management. Among the 10 most similar advisory firms, Wealth Alliance Advisory Group has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $289.97 million for 457 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.

Wealth Alliance Advisory Group doesn't advise any private funds.

Careers at Wealth Alliance Advisory Group, 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
Matthew Glen Catlin Member, chief compliance officer, chief investment officer 1 Nov 2017 25% - 50% 5332741
Gary Winfield Decker Managing member and chief executive officer 1 Nov 2017 75% - 100% 3228205

Based in Wichita

The principal office where Wealth Alliance Advisory Group, LLC performs its advisory services is located at 10585 E 21 St N, Wichita, KS 67207, 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 316.221.3950 or by fax 316.221.3952. The normal business hours are 9:00am - 6:00pm on Monday - Friday. You can find more information about the New York firm at wealthalliance.net.