Doyle Wealth Management, Inc. (St. Petersburg)

Name: Doyle Wealth Management, Inc.
Address: 333 3 Rd Avenue North, St. Petersburg, FL, 33701
Telephone: 727-898-3063

Doyle Wealth Management, Inc. is a large advisory firm based in St. Petersburg. It manages $853.32 million of regulatory assets for 1,996 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, Arkansas, California, and 18 other states.

Doyle Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and tax preparation services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Doyle Wealth Management: assets under management

The assets under management (AUM) of Doyle Wealth Management, Inc. is $853.32 million. The firm's AUM has grown by 1526% since the beginning of its operation, and $1.57 million of the total AUM is attributable to clients outside of the United States.

The firm manages $843.73 million in discretionary accounts and $9.58 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $427.21 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $456.39 thousand.

Doyle Wealth Management has custody of $8.53 million in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is investment and business development companies, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Doyle Wealth Management, Inc. 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 Robert Kenneth Doyle serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Robert Kenneth Doyle is high net worth individuals with 262 clients and $595.02 million of assets under management. Among the 9 most similar advisory firms, Doyle Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $853.32 million for 805 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Doyle Wealth Management doesn't advise any private funds.

Careers at Doyle Wealth Management, Inc.

The company employs 22 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. 15 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Robert Kenneth Doyle has been acting as President since 1 Mar 2005. Jillian Duggan Doyle joined the executive team most recently as the Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Kenneth Doyle	President/chief compliance officer	1 Mar 2005	75% - 100%	2941804
Jillian Duggan Doyle	Secretary	1 Mar 2005	25% - 50%	4922394
Robert Doyle	President/cco	1 Mar 2005	75% - 100%	2941804
Jillian Duggan Doyle	Compliance officer	1 Mar 2019	25% - 50%	4922394

Based in St. Petersburg

The principal office where Doyle Wealth Management, Inc. performs its advisory services is located at 333 3 Rd Avenue North, St. Petersburg, FL 33701, 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 727-898-3063 or by fax 727-898-3073. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at doylewealth.com.