The PORTUS WEALTH ADVISORS is a privately held investment adviser that advises $166.04mn in regulatory assets under management held in 1 SEC fund types across 1 investment strategies. PORTUS WEALTH ADVISORS is a Retail Wealth A retail wealth manager is a manager whose >=75% of total assets under management are managed for individual investors through retail advisory or brokerage channels. Manager. Assets increased by 118.46% over the last 5-years.
The Group has been registered with the SEC for 4.8 years and is comprised of 1 filing and 0 relying advisers. They operate out of 2 office locations with their Headquarters at 511 EAST BLVD, CHARLOTTE, NC. The Group has not been subject to regulatory enforcement actions. They are regulated by 1 US and Non-US bodies.
They have 5 employees comprised of 3 investment and 2 non-investment staff. The total number of Employees increased by 150% over the last 5-years.
Their $166.04mn in assets advised are owned by 1 private fund, 0 public funds and BDCs and 2 other accounts. Assets of High Net Worth Individuals clients own $138.45mn or 83.38% of Total Assets and Individuals own $20.43mn or 12.3% of Total Assets.
The Group's top investment strategies include Real Estate, representing 100% of total assets, respectively.
They advise 5 types of clients, top clients are High Net Worth Individuals and Individuals.
The Group uses 0 Fund Administrators, 1 Fund Auditors, 0 Prime Brokers, 1 Custodians and 0 Marketers. It does not report a third-party Fund Administrator in 1 private funds with $1.82mn in assets.
The Group discloses fixed fees, management fees and performance-based fees.
PORTUS WEALTH ADVISORS names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.
They have a HIGH-WATCH risk business model that requires a high degree of process maturity to manage operational risk. A Manager Group has a "High Complexity" when 25% or more of 63 business conditions measured require a high level of process maturity to manage the risk. The "Watch" suffix indicates that one or more of the following business conditions carry a high-complexity score: 1) % Fund Assets Valued Internally, 2) prior Regulatory Violations, 3) Unqualified Audits, 4) Multi-Functional C-Suite and 5) Business Concentration Risk with an Auditor or Administrator.
In PORTUS WEALTH ADVISORS's case, they have 14 business conditions that require high process maturity and 4 Watch Factors.