October 4th, 2022
Wallace Hart Capital Management, registered in 2017, serves 8 state(s) with a licensed staff of 4 advisors. Wallace Hart Capital Management manages $242.2 million and provides investment advisory services for 200 clients (1:50 advisor/client ratio).
|Average Client Balance||$1,211,100|
|Total AUM||$242.2 million|
|Fee Range||AUM fees range from 0.5%-2.5% depending on account balance. Please contact us for more details.|
|Advisor / Client Ratio||1:50|
|SEC Filings||View SEC IAPD CRD #285981|
Wallace Hart was founded to be a different kind of firm. As a client, you can expect us to act in your best interest, all of the time. The hallmark of our client experience includes attentive service, peace of mind, objective advice and alignment with values.
After checking the disciplinary records of Wallace Hart Capital Management, our system found no disciplinary questions to ask. Checks take place monthly.
After checking the regulatory records of Wallace Hart Capital Management, our system has identified the following question(s) to ask. Learn more.
This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Side-by-side management can create an incentive for the advisor to favor the larger funds, potentially leading to unequal trading costs and unfavorable trade executions for their retail clients.
Wallace Hart Capital Management recommends securities that they may have recently taken public or otherwise have controlling interest over. This relationship could introduce bias where a firm and its advisors may push those products over others that may have a more favorable performance with which they are not affiliated.
Wallace Hart Capital Management has marked in their disclosures that they trade recommended securities. While this often can be seen as "eating your own cooking," there are several inherent conflicts that can arise. For example, front running is when a financial professional buys or sell securities ahead of their client. In short, any financial professional should disclose all positions they hold (or have sold short) that they will also be recommending to you.
Our system found no other conflict questions to ask. Checks take place monthly.
An important aspect of the Trust Algorithm is processing the SEC Form ADV Part 1 filing of each Registered Investment Advisor (RIA). “Item 11 Disclosure Information” contains a list of valuable disclosures that are relevant for Americans.
As identified in SEC Form ADV Part 1, Item 11 “Disclosure Information”, the Trust Algorithm identified the following disciplinary disclosures for Wallace Hart Capital Management:
|Activity Restriction – SRO||No|
|Attorney/Accountant Authorization Revocation – SRO||No|
|Business License Revocation – SRO||No|
|Business License Revocation - SEC/CFTC||No|
|Business License Revocation - Other Regulatory Agencies||No|
|Dismissal upon Settlement – Court||No|
|Investment-Related Prohibition - Court||No|
|False Statements or Omissions – SRO||No|
|False Statements or Omissions - Other Regulatory Agencies||No|
|False Statements or Omissions - SEC/CFTC||No|
|Monetary Penalty - SEC/CFTC||No|
|Order Entered - SEC/CFTC||No|
|Order Entered - Other Regulatory Agencies||No|
|Regulation Violations - SEC/CFTC||No|
|Regulation Violations - Other Regulatory Agencies||No|
|Regulation Violations – SRO||No|
Unfortunately, there is no single, uniform pricing standard for working with a financial advisor. Catchphrases, including "fee-only," can be helpful; however, Americans often get confused with competitors promoting "fee-based" in response. To learn more, explore our series of articles about what financial advisors do and what it may cost to work with one, as well as what their titles mean and how to make a smart choice.
Ultimately, to understand the underlying costs of advisory services, we always recommend asking for an itemized fees breakdown and reading the firm's ADV Part 2 Brochure (Item 5, "Fees and Compensation").
|Insurance Agent Conflict - Affiliation||No|
|Insurance Agent Conflict - Firm||No|
|Private Investment Management||Yes|
|Trades Recommended Securities||Yes|
As a financial advisory firm, Wallace Hart Capital Management can provide a variety of financial planning services for Americans. Financial advisors help you achieve your life goals, e.g., saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio (e.g., stocks, ETFs, mutual funds, bonds).
Financial planning services can include tax planning, estate planning, retirement planning, or life-based event planning such as saving for college, getting married, purchasing a home, paying down debt, or planning an inheritance. For further detail, see our articles on different types of advisors and financial advisor services.
Wallace Hart Capital Management is headquartered in Lexington, KY and currently serves in 8 states: Illinois, Kentucky, Michigan, North Carolina, Ohio, Oregon, Tennessee, Texas.
While Wallace Hart Capital Management advises clients across a variety of portfolio sizes, the average client balance is currently $1,211,100. In total, Wallace Hart Capital Management manages $242,220,000 in assets.
Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. Financial plans and investment portfolios are always unique to the client's personal financial situation.
investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. As a result, we do not support personal reviews on the site. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form.
This automated report was generated using SEC and FINRA data and was last updated on October 4th, 2022*. For data support, email "email@example.com". Views: 264 (trailing six months). Firms that receive a 4.5 or 5-star rating are considered Trusted by investor.com. Learn more.