Peters Wealth Management, LLC (Carrollton)

Name: Peters Wealth Management, LLC
Address: 4000 Diamond Creek Court, Carrollton, TX, 75010
Telephone: 972-492-4920

Peters Wealth Management, LLC is a large advisory firm based in Carrollton. It manages $121.57 million of regulatory assets for 122 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Texas.

Peters Wealth Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Peters Wealth Management: assets under management

The assets under management (AUM) of Peters Wealth Management, LLC is $121.57 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 19% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $121.57 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $996.46 thousand each.

Peters Wealth Management has custody of $52.6 million in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in state and local bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Peters Wealth Management, LLC for their services and products based on a percentage of assets under management. 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 Peters Wealth Management serves?

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 Peters Wealth Management is high net worth individuals with 41 clients and $77.44 million of assets under management. Among the 11 most similar advisory firms, Peters Wealth Management has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $119.38 million for 115 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.

Peters Wealth Management doesn't advise any private funds.

Careers at Peters Wealth Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 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
James Robert Peters	Member; chief compliance officer	1 Jun 2014	75% - 100%	3135650

Based in Carrollton

The principal office where Peters Wealth Management, LLC performs its advisory services is located at 4000 Diamond Creek Court, Carrollton, TX 75010, 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 972-492-4920 or by fax 972-492-4910. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at peterswealthmanagement.com/about/.