5 T Wealth, LLC (Napa)

Name: 5 T Wealth, LLC
Address: 595 Coombs Street, Napa, CA, 94559
Telephone: (707) 224-1340

5 T Wealth, LLC is a large advisory firm based in Napa. It manages $185.59 million of regulatory assets for 372 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California and Texas.

5 T Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

5 T Wealth: assets under management

The assets under management (AUM) of 5 T Wealth, LLC is $185.59 million. The firm's AUM has gone down by -4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $176.45 million in discretionary accounts and $9.15 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $546.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $186.67 thousand.

5 T Wealth has custody of $24 million in cash and securities for 13 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is state and local bonds, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay 5 T Wealth, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients 5 T Wealth serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of 5 T Wealth is high net worth individuals with 20 clients and $87.75 million of assets under management. Among the 10 most similar advisory firms, 5 T Wealth has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $170.73 million for 166 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.

5 T Wealth also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at 5 T Wealth, LLC

The company employs 6 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 2 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul James Krsek	Chief executive officer (ceo)	1 Jun 1998	25% - 50%	716944
Margaret Krsek	Chief financial officer (cfo)	1 Jan 2009	25% - 50%	5639852
Hien L Scozzafava	Chief compliance & client services officer (cco/cso)	1 Jul 2016	Other	3020995

Based in Napa

The principal office where 5 T Wealth, LLC performs its advisory services is located at 595 Coombs Street, Napa, CA 94559, 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) 224-1340 or by fax (707) 224-2521. The normal business hours are mon to thurs 8:30 - 4:30, fri 8:30- 2:00 on Monday - Friday. You can find more information about the New York firm at 5twealth.com.