Ars Wealth Advisors

CRD#314882
Investment Advisor Firm

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Overview

Ars Wealth Advisors operates as a financial advisor firm headquartered in Saint Petersburg, Florida. The firm manages $1.1 billion in total assets over 2,316 accounts, placing it among the larger investment advisory firms in the country by assets under management (AUM). The firm has a small team, including 13 financial advisors. Ars Wealth Advisors does not act as a registered broker-dealer, signifying that it is not able to buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer company to do so. Securities are defined as tradable financial investments like options, stocks and bonds.

Ars Wealth Advisors administers more than half of its accounts in a discretionary manner. Discretionary management signifies that buy and sell choices are made by a portfolio manager without needing client permission. Ars Wealth Advisors also oversees 26 non-discretionary accounts with a total of $6.8 million in assets under management. The company's typical account size is $472,503. The typical financial advisor at Ars Wealth Advisors manages around 178 client accounts.

Ars Wealth Advisors's central office is at 111 Second Avenue Ne, Saint Petersburg, Florida 33701. It is legally permitted to serve investors throughout 19 U.S. states and territories.

Assets Under Management

$1.1 billion

Number of Advisors

13

Disclosures

No

Office Location

111 Second Avenue Ne
Saint Petersburg, FL 33701

Ars Wealth Advisors by the Numbers

Total Assets Under Management

$1.1 billion

National Average: $8.6 billion
Total Number of Employees

24

National Average: 64
Total Number of Accounts

2,316

National Average: 375,227
Average Account Size

$472.5 thousand

National Average: $23.0 thousand
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Products and Services

Ars Wealth Advisors provides a variety of financial services, including financial planning services, portfolio management for individuals and small businesses and other services. In the past fiscal year, the company provided financial planning services to 251-500 of its clients. It does sell products or offer services other than investment advisory services to its customers. Ars Wealth Advisors is affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer, insurance company or agency, pension consultant and commodity pool advisor.

Core Advisor Services

  • Offered by 31% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

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Fee Structure

A financial advisor's fees typically are based on which services the firm provides the client. However, fees charged by Ars Wealth Advisors likely consist of some combination of the following fee types: asset-based, hourly or fixed. The company does not provide a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 21% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 32% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The company provides services to retail investors, high net worth investors and corporations. Out of its 2,316 customers, Ars Wealth Advisors's biggest client is high net worth investors, although it also caters to 607 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the company's clients are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 65.2%
  • Other Individuals - 33.4%
  • Corporations - 1.4%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Ars Wealth Advisors does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Ars Wealth Advisors

Michael Hinson
Saint Petersburg, FL
Brett Mosley
Saint Petersburg, FL
Christopher Hill
Saint Petersburg, FL
Jessica Marshall
Gainesville, FL
Jamie Mason
Saint Petersburg, FL
Richard Heiman
Saint Petersburg, FL
Andrew Swenson
Saint Petersburg, FL
Michael Murray
Saint Petersburg, FL
Gilbert Ulrich
Saint Petersburg, FL

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