Marrs Wealth Management, LLC (Ames)

Name: Marrs Wealth Management, LLC
Address: 313 Fifth Street, Ames, IA, 50010
Telephone: 515-233-0307

Marrs Wealth Management, LLC is a large advisory firm based in Ames. It manages $186.2 million of regulatory assets for 994 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Illinois, Iowa, Minnesota, and Texas.

Marrs Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Marrs Wealth Management: assets under management

The assets under management (AUM) of Marrs Wealth Management, LLC is $186.2 million. The firm's AUM has grown by 272% since the beginning of its operation, and $1.72 million of the total AUM is attributable to clients outside of the United States.

The firm manages $182.15 million in discretionary accounts and $4.05 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $189.34 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $126.55 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in other assets form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Marrs 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 Marrs Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Marrs Wealth Management is high net worth individuals with 59 clients and $108.4 million of assets under management. Among the 10 most similar advisory firms, Marrs Wealth Management has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $183.88 million for 276 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Marrs Wealth Management doesn't advise any private funds.

Careers at Marrs Wealth Management, LLC

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.

Marrs Wealth Management, LLC is owned by Craig Timothy Marrs. Nathan Douglas Brammer joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Craig Timothy Marrs	Managing member/chief compliance officer	1 Nov 2009	75% - 100%	1330321
Roger Ivan Willroth	Managing member	1 Nov 2009	Other	3045269
Beth Ellen Marrs	Managing member/chief compliance officer	1 Dec 2009	75% - 100%	5745390
Craig Timothy Marrs	Managing member	1 Jan 2010	75% - 100%	1330321
Roger Ivan Willroth	Managing member/chief compliance officer	1 Jan 2010	Other	3045269
Craig Timothy Marrs	Owner/managing member	1 Mar 2016	50% - 75%	1330321
Nathan Douglas Brammer	Owner	1 Mar 2016	Other	2182703
Andra Reason	Owner/chief compliance officer	1 Mar 2016	Other	6630443

Based in Ames

The principal office where Marrs Wealth Management, LLC performs its advisory services is located at 313 Fifth Street, Ames, IA 50010, 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 515-233-0307 or by fax 515-233-0308. The normal business hours are monday - thursday 8:00 to 5:00; friday 8:00 - 3:00 on Monday - Friday. You can find more information about the New York firm at marrswealthmanagement.com.