The Martin Worley Group (Cottonwood Heights)

Name: The Martin Worley Group
Address: 6965 Union Park Center, Cottonwood Heights, UT, 84047
Telephone: 801-568-9788

The Martin Worley Group is a large advisory firm based in Cottonwood Heights. It manages $172.18 million of regulatory assets for 611 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Colorado, Nebraska, and 3 other states.

The Martin Worley Group provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Martin Worley Group: assets under management

The assets under management (AUM) of The Martin Worley Group is $172.18 million. The firm's AUM has grown by 69% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $166.25 million in discretionary accounts and $5.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $279.41 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $370.5 thousand.

The Martin Worley Group has custody of $83.4 million in cash and securities for 100 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 85% of the total AUM. The second-largest asset type is other assets, 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 several streams of revenue. Clients pay The Martin Worley Group 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 The Martin Worley Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of The Martin Worley Group is high net worth individuals with 71 clients and $123.11 million of assets under management. Among the 7 most similar advisory firms, The Martin Worley Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $172.18 million for 219 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.

The Martin Worley Group doesn't advise any private funds.

Careers at The Martin Worley Group

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 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
Judith Potts Martin	Managing member	1 Jan 2014	25% - 50%	1206448
Brian Andrew Worley	Managing member/cco	1 Jan 2014	50% - 75%	2649692
William Jeffrey Draper	Chief compliance officer	1 Feb 2016	Other	4907513

Based in Cottonwood Heights

The principal office where The Martin Worley Group performs its advisory services is located at 6965 Union Park Center, Cottonwood Heights, UT 84047, which is also the mailing address of the firm. An additional office of the firm is in Lake Oswego, OR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 801-568-9788 or by fax 801-568-6879. 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 martinworley.com.