WealthSource Partners, LLC
Overview
WealthSource Partners, LLC is a financial services firm headquartered in San Luis Obispo, California. It was founded in 2016 through a merger between Bryan Sullivan's Vellum Financial and Avant-Garde Advisors, co-founded by Eric Patton and Jon Dubravac. The company operates as a national, independent registered investment advisory firm, providing a full spectrum of financial planning, investment management, and insurance solutions tailored to both individual and corporate clients.
Recent Developments
In January 2024, WealthSource Partners was acquired by OneDigital, significantly expanding its platform to over $100 billion in assets under management. This acquisition enhances OneDigital's footprint in the wealth management sector, allowing WealthSource Partners to integrate its capabilities with OneDigital’s broad service offerings.
Financials
WealthSource Partners has an estimated annual revenue of $11.5 million and manages billions in assets. Each employee contributes approximately $189,000 to the annual revenue. Despite experiencing a 9% decrease in staff last year, the firm efficiently operates with about 61 employees.
Leadership
The leadership at WealthSource Partners includes:
- Bryan Sullivan: Chief Executive Officer, responsible for overall strategy and operations.
- Patrick Brewer: President and Chief Marketing Officer, managing marketing strategies and client outreach.
- Christopher Shea, CFA: Chief Investment Officer, supervising investment strategies and client portfolios.
- Eric Patton: Chief Financial Officer, overseeing financial operations and compliance.
- Jon Edward Dubravac: Chief Development Officer, focusing on growth and strategic partnerships.
- Jason Mirabella: Chief Operating Officer.
- Kelly Smith: Principal and Chief Strategy Officer.
- Ryan Mannen: Chief Technology Officer.
- Natalia Autenrieth: Chief of Staff.
- Jeff Brewer: Head of Advisor Success.
- Doug May: Mountain West Regional Manager.
Services and Offerings
WealthSource Partners delivers a variety of advisory services, leveraging advanced technology and support infrastructure. Key services include:
- Financial Planning
- Investment Management
- Tax Planning
- Estate Planning
- Private Client Services
The firm's tech-driven approach allows for the provision of sophisticated investment solutions and robust administrative support.
Workforce
The company maintains a skilled team of approximately 61 employees, proficient in wealth management and financial advisory services, spread across multiple states including California, Arizona, Utah, and Colorado.
Competitors
WealthSource Partners faces competition from other financial advisory and wealth management firms such as:
- Reynolds Wealth Management
- Stockade Wealth Management
- Fortune Wealth Management
- Shorebridge Wealth Management
- Constant Guidance Financial
- Investment Retrievers Inc., with $6.9M revenue and 41 employees.
- SESLOC Federal Credit Union, with $27.7M revenue and 132 employees.
- Phoenix American Financial Services, with $42M revenue and 182 employees.
Strategic Position
WealthSource Partners distinguishes itself with innovative investment solutions and a strong support infrastructure, appealing to both independent advisors and those transitioning from larger firms. It employs cloud-based technology to enhance service delivery and operational efficiencies, providing competitive payouts to bolster advisory capabilities.
The firm actively seeks partnership and acquisition opportunities that align with its mission to support advisors with institutional-level resources while ensuring independence. By focusing on its technological strengths and comprehensive support services, WealthSource Partners aims to maintain a competitive advantage in the financial services sector.
