The PRESTON WEALTH ADVISORS is a privately held investment adviser that advises $288.26mn in regulatory assets under management held in 2 SEC fund types across 2 investment strategies. PRESTON 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 37.5% over the last 5-years.
The Group has been registered with the SEC for 11.31 years and is comprised of 1 filing and 0 relying advisers. They operate out of 1 office location with their Headquarters at 1886 METRO CENTER DRIVE SUITE 620, RESTON, VIRGINIA. The Group has been subject to regulatory enforcement actions. They are regulated by 1 US and Non-US bodies.
They have 5 employees comprised of 4 investment and 1 non-investment staff. The total number of Employees decreased by 16.67% over the last 5-years.
Their $288.26mn in assets advised are owned by 2 private funds, 0 public funds and BDCs and 8 other accounts. Assets of High Net Worth Individuals clients own $175.38mn or 60.84% of Total Assets and Individuals own $67.74mn or 23.5% of Total Assets.
The Group's top investment strategies include Early Stage and Multi Strat, representing 67.42% and 32.58% of total assets, respectively.
They advise 4 types of clients, top clients are High Net Worth Individuals and Individuals.
The Group uses 2 Fund Administrators, 1 Fund Auditors, 0 Prime Brokers, 1 Custodians and 0 Marketers. It does not report a third-party Fund Administrator in 0 private funds with $0 in assets.
The Group discloses management fees and performance-based fees.
PRESTON 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.