Vestia Personal Wealth Advisors
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Overview
Vestia Personal Wealth Advisors operates as a financial advisory firm headquartered in Fort Wayne, Indiana. The company handles $514.0 million in assets under management across 2,832 accounts, placing it among the bigger financial advisory firms in the country by assets under management (AUM). Vestia Personal Wealth Advisors has a small team, including 15 financial advisors. Vestia Personal Wealth Advisors is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer firm to do so. Securities are exchangable fiscal assets such as stocks, options and bonds.
Vestia Personal Wealth Advisors manages all of the company's accounts on a discretionary basis. Discretionary management is a structure in which transaction choices are made by a portfolio manager without requiring the client's consent. The firm's typical account size is $181,510. An average advisor at Vestia Personal Wealth Advisors administers about 189 client accounts.
The company's main office is at 9121 Illinois Road, Fort Wayne, Indiana 46804. The firm is legally allowed to serve customers across 26 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Vestia Personal Wealth Advisors by the Numbers
$514.0 million
23
2,832
$181.5 thousand
Products and Services
Vestia Personal Wealth Advisors provides a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services and educational seminars. In the last financial year, it provided 251-500 of its accounts with financial planning services. The firm is involved in selling products or offering services different than investment advisory services to its customers. The firm is affiliated with a number of other companies in the financial services industry, including with a broker-dealer or securities dealer, insurance company or agency and pension consultant.
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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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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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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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 are based on which services are provided. However, fee types charged by the firm can consist of some blend of the following fee structures: asset-based, hourly or fixed. The company does not participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
It caters to retail investors, high net worth investors and pension plans. Out of its 2,832 clients, Vestia Personal Wealth Advisors's biggest client by number of accounts is high net worth investors, though it also manages money for 1,601 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 56.53%
- Other Individuals - 42.97%
- Corporations - 0.49%
- 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
Vestia Personal Wealth Advisors does not have any disclosures.
Please visit its Form ADV for more details.
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