Silicon Hills Wealth Management, LLC (Austin)

Name: Silicon Hills Wealth Management, LLC
Address: 8834 N. Capital Of Texas Highway, Austin, TX, 78759
Telephone: (512) 774-5340

Silicon Hills Wealth Management, LLC is a large advisory firm based in Austin. It manages $220.68 million of regulatory assets for 686 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California and Texas.

Silicon Hills Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Silicon Hills Wealth Management: assets under management

The assets under management (AUM) of Silicon Hills Wealth Management, LLC is $220.68 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 112% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $220.68 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $321.7 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 78% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Silicon Hills Wealth Management, 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 Silicon Hills Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Silicon Hills Wealth Management is high net worth individuals with 44 clients and $134.98 million of assets under management. Among the 10 most similar advisory firms, Silicon Hills Wealth Management has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $220.68 million for 205 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.

Silicon Hills Wealth Management doesn't advise any private funds.

Careers at Silicon Hills Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 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
James Allen Werner	Managing member and chief compliance officer	1 Oct 2012	25% - 50%	2254147
Thomas William Brown	Managing member	1 Oct 2012	25% - 50%	5781471
Pamela Heidi Friedman	Managing member	1 Feb 2013	25% - 50%	2709432
Kevin Michael Kaplan	Managing member	1 Oct 2014	Other	6115456

Based in Austin

The principal office where Silicon Hills Wealth Management, LLC performs its advisory services is located at 8834 N. Capital Of Texas Highway, Austin, TX 78759, 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 (512) 774-5340. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at siliconhillswealth.com/.