Comprehensive Wealth Management, LLC (Lynnwood)


Comprehensive Wealth Management, LLC is a large advisory firm based in Lynnwood. It manages $229.69 million of regulatory assets for 1,397 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Arizona, California, Colorado, and 6 other states.

Comprehensive Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Comprehensive Wealth Management: assets under management

The assets under management (AUM) of Comprehensive Wealth Management, LLC is $229.69 million. The firm's AUM has gone down by -16% since the beginning of its operation, and $3.13 million of the total AUM is attributable to clients outside of the United States.

The firm manages $224.68 million in discretionary accounts and $5.01 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $169.06 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $73.66 thousand.
Comprehensive Wealth Management has custody of $118.27 million in cash and securities for 399 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 38% of the total AUM. The second-largest asset type is other assets, which make up 38% of the firm’s portfolio. Investments in exchange traded securities form 23% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Comprehensive Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Shilo Michelle Lockett serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Shilo Michelle Lockett is high net worth individuals with 64 clients and $132.92 million of assets under management. Among the 8 most similar advisory firms, Comprehensive Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $229.69 million for 356 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Comprehensive Wealth Management doesn't advise any private funds.

Careers at Comprehensive Wealth Management, LLC

The company employs 11 people that are either part- or full-time employees. 27 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 don’t receive compensation from other entities for client referrals.

Shilo Michelle Lockett has been acting as President since 1 Jul 2014. Morgan Lewis Arford has served as the Chief Investment Officer since 1 Dec 2013. Brian Joseph Lockett joined the executive team most recently as the Vice President.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. Arford & Associates Comprehensive Wealth Management Member 1 Jun 2001 25% - 50% 91-2157665
Gary Marlin Arford President 1 Jun 2001 Other 2440941
Morgan Lewis Arford Investment strategist 1 Mar 2006 Other 4945329
Shilo Michelle Lockett Chief operating officer 1 Jan 2008 Other 4704567
Inc. Fupa Member 1 Mar 2009 25% - 50% 26-4592517
Inc. B&S Lockett Member 1 Mar 2009 25% - 50% 20-5976986
Christina A Ybarra Chief compliance officer 1 Sep 2012 Other 4939136
Brian Joseph Lockett Vice president 1 Jun 2013 Other 4573162
Morgan Lewis Arford Chief investment officer 1 Jun 2013 Other 4945329
Brian Joseph Lockett Vice president 1 Dec 2013 Other 4573162
Morgan Lewis Arford Chief investment officer 1 Dec 2013 Other 4945329
Shilo Michelle Lockett President 1 Jul 2014 Other 4704567

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Brian Joseph Lockett President 1 Nov 2006 50% - 75% 4573162
Shilo Michelle Lockett Vice president 1 Nov 2006 50% - 75% 4704567
Nirvana Grantor Trust Owner 1 Apr 2008 75% - 100% foreign
Gary Marlin Arford Trustee 1 Apr 2008 Other 2440941
Cheryl Arford Trustee 1 Apr 2008 Other 5905464
Morgan Lewis Arford President 1 Jan 2009 75% - 100% 4945329

Based in Lynnwood

The principal office where Comprehensive Wealth Management, LLC performs its advisory services is located at 3500 188 Th St Sw, Lynnwood, WA 98037 4757, 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 425-778-6160 or by fax 425-778-8896. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at comprehensivewealth.com.