Whitley Penn Financial, L.L.P. is a large advisory firm based in Fort Worth. It manages $512.76 million of regulatory assets for 2,150 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdiction of Texas.
Whitley Penn Financial provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and publication of newsletters. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Whitley Penn Financial, L.L.P. is $512.76 million. The firm's AUM has grown by 298% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Whitley Penn Financial, L.L.P. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Whitley Penn Financial is high net worth individuals with 125 clients and $349.55 million of assets under management. Among the 7 most similar advisory firms, Whitley Penn Financial has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $512.76 million for 324 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.
Whitley Penn Financial doesn't advise any private funds.
The company employs 8 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 8 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.
The principal office where Whitley Penn Financial, L.L.P. performs its advisory services is located at 640 Taylor Street, Fort Worth, TX 76102, which is also the mailing address of the firm. An additional office of the firm is in Dallas, TX. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 817-259-9100 or by fax 817-259-9101. The normal business hours are 8:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at wpfinancial.net/.