Wealthspan Partners, LLC
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Overview
Wealthspan Partners, LLC operates as an advisory firm located in Davenport, Iowa. Wealthspan Partners, LLC handles $224.5 million in assets under management over 1,111 client accounts, making it a mid-tier firm in the country by assets under management (AUM). The company has a small team, including 3 financial advisors. Wealthspan Partners, LLC does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal assets such as stocks, options and bonds.
Wealthspan Partners, LLC administers most of its client assets on a discretionary basis. Discretionary management means that buy and sell decisions are made by a portfolio manager without needing client permission. The company also oversees eight non-discretionary accounts totaling $5.5 million in assets under management. The investment advisory firm's average account size is $202,099. The average advisor at Wealthspan Partners, LLC manages about 370 client accounts.
Wealthspan Partners, LLC's central office is located at 5025 Utica Ridge Rd, Davenport, Iowa 52807. It is legally registered to serve customers across a number of states, including Florida, Iowa, Texas, Illinois and Minnesota.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Wealthspan Partners, LLC by the Numbers
$224.5 million
3
1,111
$202.1 thousand
Products and Services
Financial services offered by Wealthspan Partners, LLC include financial planning services and portfolio management for individuals and small businesses. In the prior financial year, the company provided financial planning services to 1-10 of its accounts. Wealthspan Partners, LLC is not involved in selling products or offering services other than investment advisory services to its investment advisory customers.
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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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees charged by financial advisors largely depend on the services offered. However, fees billed by the firm most likely consist of any blend of the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
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 provides services to retail investors and high net worth investors. Out of its 1,111 clients, Wealthspan Partners, LLC's biggest client type by number of accounts is retail investors, but it also manages money for 117 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are non-U.S. persons.
- High-Net-Worth Individuals* - 29.4%
- Other Individuals - 70.6%
- 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
Wealthspan Partners, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Wealthspan Partners, LLC
Davenport, IA
Davenport, IA
Davenport, IA
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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