Entruity Wealth, LLC (Bakersfield)


Entruity Wealth, LLC is an adviser based in Bakersfield. It manages $71 million of regulatory assets for 322 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Colorado, Oregon, and Texas.

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

Entruity Wealth: assets under management

The assets under management (AUM) of Entruity Wealth, LLC is $71 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $68.7 million in discretionary accounts and $2.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $218.1 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $328.57 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 82% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in investment and business development companies form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Entruity Wealth, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Entruity Wealth serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Entruity Wealth is individuals with 212 clients and $39.6 million of assets under management. Among the 2 most similar advisory firms, Entruity Wealth has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $64.3 million for 225 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.

Entruity Wealth doesn't advise any private funds.

Careers at Entruity Wealth, LLC

The company employs 3 people that are either part- or full-time employees. 67 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 receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Bradley Calvin Barnes Chief compliance officer 1 Jun 2017 Other 726498
Acb Irrevocable Trust Managing member 1 Jun 2017 75% - 100% 82-6151645

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Andrew Calvin Barnes Beneficiary 1 Mar 2017 75% - 100% 6056718
Bradley Calvin Barnes Trustee 1 Mar 2017 Other 726498

Based in Bakersfield

The principal office where Entruity Wealth, LLC performs its advisory services is located at 11601 Bolthouse Drive, Suite 120, Bakersfield, CA 93311, 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 661-368-8994. The normal business hours are 6:30am - 3pm on Monday - Friday. You can find more information about the New York firm at entruity.com.