Solano Wealth Management, Inc. (Fairfield)

Name: Solano Wealth Management, Inc.
Address: 1300 Oliver Road, Fairfield, CA, 94534
Telephone: 707-435-8400

Solano Wealth Management, Inc. is a large advisory firm based in Fairfield. It manages $145.5 million of regulatory assets for 378 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Nevada, Oregon, and Texas.

Solano Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Solano Wealth Management: assets under management

The assets under management (AUM) of Solano Wealth Management, Inc. is $145.5 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 39% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $145.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $384.92 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 64% of the total AUM. The second-largest asset type is exchange traded securities, which make up 33% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Solano Wealth Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Solano Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Solano Wealth Management is individuals with 348 clients and $89.8 million of assets under management. Among the 12 most similar advisory firms, Solano Wealth Management has the 6th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $144 million for 376 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Solano Wealth Management doesn't advise any private funds.

Careers at Solano Wealth Management, Inc.

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Rufus Theodore Williams	Chief compliance officer and president	1 Jan 2002	75% - 100%	2431770

Based in Fairfield

The principal office where Solano Wealth Management, Inc. performs its advisory services is located at 1300 Oliver Road, Fairfield, CA 94534, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 707-435-8400 or by fax 707-435-8450. The normal business hours are 7:30 am - 4:00pm, friday 7:30am - 4:00pm on Monday - Friday. You can find more information about the New York firm at solanowealth.com and its LinkedIn profile.