Centerline Wealth Advisors, LLC (Louisville)

Name: Centerline Wealth Advisors, LLC
Address: 10200 Forest Green Blvd., Louisville, KY, 40223
Telephone: (502) 242-1561

Centerline Wealth Advisors, LLC is a large advisory firm based in Louisville. It manages $166.35 million of regulatory assets for 741 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Indiana, Kentucky, and Louisiana.

Centerline Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, 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.

Centerline Wealth Advisors: assets under management

The assets under management (AUM) of Centerline Wealth Advisors, LLC is $166.35 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 30% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $166.35 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $224.49 thousand each.

Centerline Wealth Advisors has custody of $152.96 million in cash and securities for 198 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Centerline Wealth Advisors, 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 Centerline Wealth Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Centerline Wealth Advisors is high net worth individuals with 60 clients and $131.89 million of assets under management. Among the 8 most similar advisory firms, Centerline Wealth Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $165.37 million for 210 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.

Centerline Wealth Advisors doesn't advise any private funds.

Careers at Centerline Wealth Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 60 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.

Heather Renee Kovachik joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew William Arnold	Managing member/chief executive officer	1 Jan 2015	75% - 100%	2424616
Heather Renee Kovachik	Chief compliance officer	1 Jan 2015	Other	6329795
Matthew Charles Hunt	Chief operations officer	1 Jan 2015	Other	4586784

Based in Louisville

The principal office where Centerline Wealth Advisors, LLC performs its advisory services is located at 10200 Forest Green Blvd., Louisville, KY 40223, 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 (502) 242-1561. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at centerlinewealth.com.