FORTUNE WEALTH MANAGEMENT, LLC

RIASEC RegisteredEst. 2011

Total AUM

$396M

Discretionary

$387M

98% of AUM

Avg account

$2M

Accounts

199

Employees

Advisory reps

Firm details

Headquarters: DALLAS, Texas
CRD number: 157832
Registered since: June 27, 2011
Website: www.fortunewealthmanagement.com
Fee structure: Percentage of AUM
Client types: HNWI81.53%
Individuals16.12%
Pension & Profit Sharing Plans2.35%
Services: Financial PlanningPortfolio Management for IndividualsSelection of Other AdvisersPublication of Periodicals

Firm profile

FINTRX

Overview

Fortune Wealth Management, LLC is an independent registered investment adviser operating as an LLC and owned by an individual. The firm provides comprehensive financial planning and discretionary portfolio management for individuals, families and small businesses, and it also works with institutional clients. Fortune Wealth Management supplements its advisory practice by vetting and selecting third-party managers for clients and publishes client-facing periodicals. The firm also operates as an insurance broker, integrating insurance products into client plans. The firm runs a percentage-of-AUM fee model and positions itself as a capital allocator: it blends direct portfolio construction with allocations to external managers when seeking exposure to strategies outside its in-house capabilities. Fortune Wealth Management does not self-identify as an ESG investor and is not registered as a multi-state adviser. The firm was recognized by FA Magazine in 2020 as a Top RIA Firm.