Wealth Sprout Inc. (Palm Beach Gardens)


Wealth Sprout Inc. is an internet adviser based in Palm Beach Gardens. It manages $4 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2011.

Wealth Sprout provides interactive web-based advisory 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.

Wealth Sprout: assets under management

The assets under management (AUM) of Wealth Sprout Inc. is $4 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $363.64 thousand each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Wealth Sprout Inc. for their services and products based on a percentage of assets under management. 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.

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Anuj Agarwal Managing member 1 May 2009 25% - 50% 2812456
Zinovia Nmn Spezakis Managing member 1 Oct 2012 Other 2791307
James Mark Stephan Managing member 1 Oct 2012 25% - 50% 6129899
Cheryl Nyusa Managing member & chief compliance officer 1 Oct 2012 Other 6137169

Based in Palm Beach Gardens

The principal office where Wealth Sprout Inc. performs its advisory services is located at 4440 Pga Blvd, Palm Beach Gardens, FL 33410, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-733-9813 or by fax 561-472-8401. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at www.tonkabeans.com.