Firethorn Wealth Partners, LLC (Augusta)

Name: Firethorn Wealth Partners, LLC
Address: 2550 Central Avenue, Augusta, GA, 30904
Telephone: 706.426.4243

Firethorn Wealth Partners, LLC is a large advisory firm based in Augusta. It manages $206.98 million of regulatory assets for 1,039 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, Georgia, Louisiana, and 3 other states.

Firethorn Wealth Partners provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Firethorn Wealth Partners: assets under management

The assets under management (AUM) of Firethorn Wealth Partners, LLC is $206.98 million. The firm's AUM has grown by 63% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $174.86 million in discretionary accounts and $32.11 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $170.93 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.01 million.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is investment and business development companies, which make up 40% of the firm’s portfolio. Investments in other assets form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Firethorn Wealth Partners, LLC for their services and products based on a percentage of assets under management, fixed fees, and commissions. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Firethorn Wealth Partners serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Firethorn Wealth Partners is individuals with 509 clients and $114.83 million of assets under management. Among the 9 most similar advisory firms, Firethorn Wealth Partners has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $206.98 million for 688 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.

Firethorn Wealth Partners doesn't advise any private funds.

Careers at Firethorn Wealth Partners, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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
Megan Louise Castleman	Chief compliance officer	1 Jun 2018	Other	6434039
Kevin White Sweeney	Partner	1 Jun 2018	25% - 50%	5945135
Raymond Scott Benjamin	Partner	1 Jun 2018	25% - 50%	2855278
Gerald Thomas Rogers	Partner	1 Jun 2018	25% - 50%	2639833
Stacy Leigh Sizemore	Chief compliance officer	1 May 2019	Other	4052029

Based in Augusta

The principal office where Firethorn Wealth Partners, LLC performs its advisory services is located at 2550 Central Avenue, Augusta, GA 30904, 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 706.426.4243 or by fax 706.426.4246. The normal business hours are 8am to 5pm on Other. You can find more information about the New York firm at firethornwp.com.