Alterna Wealth Management, Inc

CRD#146153
Investment Advisor Firm

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Overview

Alterna Wealth Management, Inc is a financial advisor firm based in Houston, Texas. It has $666.2 million in total assets across 791 customer accounts, placing it among the larger financial advisory firms in the nation by assets under management (AUM). The firm has a small team, including 15 financial advisors. Alterna Wealth Management, Inc is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are defined as exchangable financial investments like bonds, stocks and options.

Alterna Wealth Management, Inc administers 622 of its client assets on a discretionary basis. Discretionary management means that buy and sell decisions for the client's account are made by a portfolio manager without needing to seek client consent. It also has 169 non-discretionary accounts totaling $191.9 million in assets. Alterna Wealth Management, Inc supervises an average of $842,225 in assets for every client account. The average financial advisor at Alterna Wealth Management, Inc oversees about 53 client accounts, placing it towards the middle in terms of personalization.

The company's main office is at 5075 Westheimer, Houston, Texas 77056. It is permitted to serve investors across 4 states, including California, Delaware, Florida and Texas.

Assets Under Management

$666.2 million

Number of Advisors

15

Disclosures

No

Office Location

5075 Westheimer
Houston, TX 77056

Alterna Wealth Management, Inc by the Numbers

Total Assets Under Management

$666.2 million

National Average: $8.6 billion
Total Number of Employees

36

National Average: 64
Total Number of Accounts

791

National Average: 375,227
Average Account Size

$842.2 thousand

National Average: $23.0 thousand
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Fee Structure

Fees for financial advisory services depend on which services the firm provides the client. Fees billed by the firm typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.

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.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    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.

  • 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 32% of firms that offer this fee type

    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.

  • 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 works with retail investors and high net worth investors. Out of its 791 customers, Alterna Wealth Management, Inc's biggest client type is retail investors, although it also manages money for 162 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). Around 78% of the company's clients are non-U.S. persons.

  • High-Net-Worth Individuals* - 20.48%
  • Other Individuals - 79.52%
  • 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

Alterna Wealth Management, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Alterna Wealth Management, Inc

Benjamin Lopez
San Antonio, TX
Marco Razo Torres
Houston, TX
Antun Domit
San Antonio, TX
Juan Andrade Frich
San Antonio, TX
Patricio Gomez
Houston, TX
Andres Marron
Houston, TX
Raul Chapa Ugalde
Houston, TX

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