Saddock Wealth, LLC (Dallas)

Name: Saddock Wealth, LLC
Address: 7920 Belt Line Road, Dallas, TX, 75254
Telephone: 972-437-5201

Saddock Wealth, LLC is a large advisory firm based in Dallas. It manages $98.9 million of regulatory assets for 38 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Texas.

Saddock Wealth 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 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Saddock Wealth: assets under management

The assets under management (AUM) of Saddock Wealth, LLC is $98.9 million. The firm's AUM has gone down by -52% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $88.7 million in discretionary accounts and $10.2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.61 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.55 million.

Saddock Wealth has custody of $78.6 million in cash and securities for 9 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 83% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 9% 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 Saddock Wealth, LLC for their services and products based on hourly charges. 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 Saddock Wealth serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Saddock Wealth is high net worth individuals with 4 clients and $50.4 million of assets under management. Among the 6 most similar advisory firms, Saddock Wealth has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $98.9 million for 11 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.

Saddock Wealth doesn't advise any private funds.

Careers at Saddock Wealth, LLC

The company employs 4 people that are either part- or full-time employees. 50 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Gary Saddock	Managing member/managing director/cco	1 Jul 2011	75% - 100%	6031327
Stephen Gary Saddock	Director of private equity / chief compliance officer	1 Jan 2018	Other	6900364

Based in Dallas

The principal office where Saddock Wealth, LLC performs its advisory services is located at 7920 Belt Line Road, Dallas, TX 75254, 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 972-437-5201 or by fax 972-437-5229. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at saddockwealth.com.