Sofi Wealth LLC
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Overview
Sofi Wealth LLC is an advisory company that has its headquarters in San Francisco, California. The company controls $671.3 million in assets across 155,840 client accounts, placing it among the bigger financial advisory firms in the nation by assets under management (AUM). It has an average-sized group, including 10 financial advisors. Sofi Wealth LLC does not act as a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable fiscal investments like bonds, options and equities.
Sofi Wealth LLC administers all of its accounts on a discretionary basis. Discretionary management signifies that an investment advisor has the discretion to make transaction judgments without requiring client authorization. The investment advisory firm oversees about $4,308 for every customer account. The average financial advisor at Sofi Wealth LLC oversees about 15,584 client accounts.
The firm's headquarters is at 234 1St Street, San Francisco, California 94105. The company is legally registered to provide services to clients across 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Sofi Wealth LLC by the Numbers
$671.3 million
70
155,840
$4.3 thousand
Products and Services
Sofi Wealth LLC provides a number of financial services, which can include financial planning services, portfolio management for individuals and small businesses, publication of newsletters and educational seminars. In the prior fiscal year, the company provided financial planning services to 7000 of its clients. Sofi Wealth LLC does not sell products or offer services apart from investment advisory services to its investment advisory customers. It is also affiliated with a number of other companies in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution and insurance company or agency.
Core Advisor Services
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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.
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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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Find a firm that offers this service
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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Find a firm that offers this service
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Offered by 3% of firms
Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial management largely depend on the type of financial services offered. However, fees charged by the company typically consist of non-traditional fee structures. Sofi Wealth LLC does participate in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
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Offered by 10% of firms
Other
Unavailable
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Find one of the 69% of firms that offer this fee type
Percentage of Assets
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
Types of Clients
The firm provides services to retail investors and high net worth investors. Out of its 155,840 accounts, Sofi Wealth LLC's largest client type is retail investors, although it also manages money for six high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers reside abroad.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 100%
- Corporations - 0%
- 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
Sofi Wealth LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Sofi Wealth LLC
Jacksonville, FL
Jacksonville, FL
San Francisco, CA
Jacksonville, FL
San Francisco, CA
San Francisco, CA
San Francisco, CA
San Francisco, CA
Jacksonville, FL
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