Hedge Fund Database

SOFI WEALTH LLC

Adviser information for SOFI WEALTH LLC last updated from Form ADV on March 1st, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.

Advisory Business

Type of Organization Limited Liability Company
Fiscal Year End DECEMBER
Legal Location Delaware, United States

Employees

Total Number of Employees 70
Investment Advisory/Research 10
Registered Broker-Dealer Representatives 70
Registered State Investment Advisers 70
Licensed Agents of an Insurance Company 4
No. of Firms/People that Solicit Clients 23

RAUM

Provides Management of Securities Portfolios Yes
Type Accounts RAUM
Discretionary 165,546 $943.5M
Non-Discretionary 0 $0
Total 165,546 $943.5M

Clients

Type Number RAUM
Individuals 172,000 $925.0M
HNW Individuals 12 $18.5M
Banking or thrift institutions 0 $0
Investment companies 0 $0
Business development companies 0 $0
Pooled investment vehicles 0 $0
Pension and profit sharing plans 0 $0
Charitable organizations 0 $0
State or municipal gov entities 0 $0
Other investment advisers 0 $0
Insurance companies 0 $0
Sovereign wealth funds and foreign official institutions 0 $0
Corporations or other businesses 0 $0
Other 0 $0
Type Number
No. of Non-RAUM Clients 6000
No. of Non-U.S. Clients 0
No. of Financial Planning Clients 6000

Services

Advisory Services Financial planningPortfolio management for individuals and/or small businessesPublication of periodicals or newslettersEducational seminars/workshops
Compensation NOT CURRENTLY CHARGING FEES FOR ADVISORY SERVICES.

Wrap Fee Program

Offers Wrap Fee Program Yes
Acting As RAUM
Sponsor 0
Portfolio Manager 0
Both for Same 943.5M
Portfolio Manager to Program Sponsor
SOFI WEALTH SOFI WEALTH LLC

Identifiers

SEC RIA File Number 801-78185
SEC ERA File Number 801-78185
SEC CIK Numbers 1925582
SEC CRD Numbers 167958
Legal Entity Identifier None

Principal Office

234 1ST STREET
SAN FRANCISCO
CA
United States
Monday - Friday, 9:00 AM - 5:00 PM
Tel: 855-525-7634, Fax: 415-520-9772

Websites

www.instagram.com/sofi/?hl=en www.youtube.com/channel/ucuoye0bfkzcwaspbvq59jfq www.sofi.com/invest/automated/ www.linkedin.com/company/sofi/ www.pinterest.com/sofi www.facebook.com/sofi/ twitter.com/sofi www.sofi.com/no-cost-financial-planning/

Chief Compliance Officer

CANDICE GILMAN
650 NAAMANS RD
SUITE 300
WILMINGTON
DE
United States
Tel: 302-551-6922
(Full email address available in API data)

Regulatory Contact

LIAM COREY
CCO, SECURITIES
650 NAAMANS RD.
STE 300
CLAYMONT
DE
United States
Tel: (302) 543-2529
Fax: 415-520-9772
(Full email address available in API data)

Industry Affiliates

SOCIAL FINANCE LIFE INSURANCE AGENCY LLC Insurance company or agency
SOFI BANK, N.A. Banking or thrift institution
SOFI CAPITAL ADVISORS LLC Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles
SOFI SECURITIES (HONG KONG) LIMITED Broker-dealer, municipal securities dealer, or gov securities broker or dealer
SOFI SECURITIES LLC Broker-dealer, municipal securities dealer, or gov securities broker or dealer

Private Funds

Name Type Assets $USD Min Investment $USD No. Owners
None

Control Persons

Name Type Entity Title Since Ownership
SOFI TECHNOLOGIES, INC. Domestic Entity SOFI HOLD CO. SHAREHOLDER OF PARENT 01/2024 > 75%
MCDANIEL, TOBIN, L Individual – PRESIDENT 09/2021 < 5%
Gilman, Candice, Lee Individual – CHIEF COMPLIANCE OFFICER 03/2022 < 5%
SOFI HOLD CO. Domestic Entity – 100% OWNER 01/2024 > 75%

No. Employees, Historic

70350201920202021202220232024202520 on 4/26/201920 on 4/30/201920 on 5/15/201920 on 5/15/201920 on 6/25/201920 on 9/9/201925 on 3/27/202025 on 6/22/202025 on 6/24/202025 on 9/18/202025 on 11/13/202047 on 3/31/202147 on 6/24/202147 on 9/13/202147 on 9/13/202147 on 1/3/202247 on 3/30/202247 on 7/1/202247 on 8/15/202247 on 11/4/202247 on 1/3/202370 on 3/31/202370 on 3/1/2024

RAUM, Historic

1B500M0201920202021202220232024202579436845 on 4/26/201979436845 on 4/30/201979436845 on 5/15/201979436845 on 5/15/201979436845 on 6/25/2019105613399 on 9/9/2019138353000 on 3/27/2020138353000 on 6/22/2020138353000 on 6/24/2020202928981 on 9/18/2020202928981 on 11/13/2020338685465 on 3/31/2021426440567 on 6/24/2021523193760 on 9/13/2021523193760 on 9/13/2021523193760 on 1/3/2022642092567 on 3/30/2022642092567 on 7/1/2022642092567 on 8/15/2022642092567 on 11/4/2022642092567 on 1/3/2023671300846 on 3/31/2023943520661 on 3/1/2024

No. Clients, Historic

200,000100,0000201920202021202220232024202519057 on 4/26/201919057 on 4/30/201919057 on 5/15/201919057 on 5/15/201919057 on 6/25/201926537 on 9/9/201934075 on 3/27/202034075 on 6/22/202034075 on 6/24/202040453 on 9/18/202040453 on 11/13/202054951 on 3/31/202164236 on 6/24/202170161 on 9/13/202170161 on 9/13/202170161 on 1/3/202292121 on 3/30/202292121 on 7/1/202292121 on 8/15/202292121 on 11/4/202292121 on 1/3/2023136157 on 3/31/2023172012 on 3/1/2024

Holdings

From latest 13F, filed July 18th, 2024 for period ending June 30th, 2024
Name Class Value $USD # Shares Private Fund
VANGUARD BD INDEX FDS TOTAL BND MRKT 59M 816K –
VANGUARD BD INDEX FDS SHORT TRM BOND 46M 605K –
VANECK ETF TR HIGH YLD MUNIETF 4M 76K –
ISHARES TR IBOXX HI YD ETF 5M 59K –
ISHARES TR NATIONAL MUN ETF 47M 443K –
TIDAL ETF TR SOFI SELCT 500 608M 31M –
TIDAL ETF TR SOFI NEXT 500 67M 5M –
VANGUARD INDEX FDS SMALL CP ETF 33M 153K –
VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 235M 5M –
VANGUARD MALVERN FDS STRM INFPROIDX 9M 176K –
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 80M 2M –