Arnett Carbis Toothman Wealth Advisors LLC (Charleston)

Name: Arnett Carbis Toothman Wealth Advisors LLC
Address: 101 Washington Street, East, Charleston, WV, 25301
Telephone: 304-206-3338

Arnett Carbis Toothman Wealth Advisors LLC is a large advisory firm based in Charleston. It manages $361.38 million of regulatory assets for 723 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Florida, Kentucky, North Carolina, and 6 other states.

Arnett Carbis Toothman Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, 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.

Arnett Carbis Toothman Wealth Advisors: assets under management

The assets under management (AUM) of Arnett Carbis Toothman Wealth Advisors LLC is $361.38 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 29% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $361.38 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $499.83 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 investment grade corporate bonds, which make up 20% of the firm’s portfolio. Investments in state and local bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Arnett Carbis Toothman Wealth Advisors LLC 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 Arnett Carbis Toothman Wealth Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Arnett Carbis Toothman Wealth Advisors is high net worth individuals with 105 clients and $253.21 million of assets under management. Among the 9 most similar advisory firms, Arnett Carbis Toothman Wealth Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $361.38 million for 321 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.

Arnett Carbis Toothman Wealth Advisors doesn't advise any private funds.

Careers at Arnett Carbis Toothman Wealth Advisors LLC

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
A & F Financial Holdings Llc	Holding company	1 Dec 2001	75% - 100%	55-0786007
Gary Leslie Swingle	Manager & senior vice president	1 Dec 2001	Other	4313916
William Herman Mckee	Manager, secretary & treasurer	1 Dec 2001	Other	4506518
Cindy Samosky Mcghee	Manager & president	1 Aug 2006	Other	4199711
Nicholas Joel Oxley	Vice president & chief compliance officer	1 Feb 2016	Other	5999472
David Douglas Hill	Manager, secretary & treasurer	1 Feb 2016	Other	6625005

Based in Charleston

The principal office where Arnett Carbis Toothman Wealth Advisors LLC performs its advisory services is located at 101 Washington Street, East, Charleston, WV 25301 The mailing address of the firm is P. O. Box 2629, Charleston, WV 25329. An additional office of the firm is in New Castle, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 304-206-3338 or by fax 304-346-8333. The normal business hours are 9:00 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at actwealthadvisors.com.