Jaykay Wealth Advisors, Inc. (Houston)

Name: Jaykay Wealth Advisors, Inc.
Address: 6200 Savoy Dr., Houston, TX, 77036
Telephone: 713-780-4575

Jaykay Wealth Advisors, Inc. is a large advisory firm based in Houston. It manages $108.16 million of regulatory assets for 272 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Louisiana and Texas.

Jaykay Wealth Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Jaykay Wealth Advisors: assets under management

The assets under management (AUM) of Jaykay Wealth Advisors, Inc. is $108.16 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $108.16 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $397.64 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Jaykay Wealth Advisors, Inc. 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 Jayanth Rao Kabad serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Jayanth Rao Kabad is high net worth individuals with 21 clients and $75.01 million of assets under management. Among the 9 most similar advisory firms, Jaykay Wealth Advisors has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $108.1 million for 147 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.

Jaykay Wealth Advisors doesn't advise any private funds.

Careers at Jaykay Wealth Advisors, Inc.

The company employs 6 people that are either part- or full-time employees. 50 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.

Jayanth Rao Kabad has been acting as President since 1 Dec 2003. Kanchan Kabad joined the executive team most recently as the Chief Operating Officer And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jayanth Rao Kabad	President	1 Dec 2003	50% - 75%	1023557
Kanchan Kabad	Chief operating officer and chief compliance officer	1 Dec 2003	50% - 75%	4031776

Based in Houston

The principal office where Jaykay Wealth Advisors, Inc. performs its advisory services is located at 6200 Savoy Dr., Houston, TX 77036, 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 713-780-4575 or by fax 713-780-2509. The normal business hours are 8:00 am - 5 pm on Monday - Friday. You can find more information about the New York firm at advisorusa.com.