Philip James Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, estate planning, and insurance.
Philip James Wealth Management reports 497 clients. They include 304 individual clients and 193 high-net-worth individuals. Of its assets, 99.5% ($926M across 1,218 accounts) are managed with discretion; $4.54M across 17 accounts are not. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 61% | 9% |
| High-net-worth individuals | 39% | 87% |
| Charitable organizations | Fewer than 5 | 5% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 304 | $80M | 8.6% | $263K |
| High-net-worth individuals | 193 | $807M | 86.7% | $4.18M |
| Charitable organizations | Fewer than 5 | $44M | 4.7% | — |
| Total | 497 | $931M | 100% | — |
- Clients
- 304
- Regulatory AUM
- $80M
- AUM share
- 8.6%
- Avg. per client
- $263K
- Clients
- 193
- Regulatory AUM
- $807M
- AUM share
- 86.7%
- Avg. per client
- $4.18M
- Clients
- Fewer than 5
- Regulatory AUM
- $44M
- AUM share
- 4.7%
- Avg. per client
- —
Total
- Clients
- 497
- Regulatory AUM
- $931M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Philip James Wealth Management charges up to 2.00% a year for its Asset Management. The fee is billed in advance or in arrears and is negotiable.
Fee details and sources
Todd McElroy owns 25% to 50% of Philip James Wealth Management. The leadership team of Philip James Wealth Management includes Chief Investment Officer Dustin Dorhout. It has 9 employees, 7 of them in advisory roles.
Leadership
- Dustin DorhoutChief Investment Officer
- Brion HinesDirector of Operations
- Todd McElroyManaging Member
- Nicholas McElroyCCO & Managing Member
- Dean JacklitchInvestor
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
- Cynthia Lynn Hunt
- David Gregory Parkinson
Staff
- 9 employees
- 7 in advisory functions
- 7 state-registered reps
- 3 insurance agents
- Owns 25% to 50% of Philip James Wealth Management, LLC
Todd McElroy
Control person · since July 2018
- Owns 25% to 50% of Philip James Wealth Management, LLC
Nicholas McElroy
Control person · since July 2018
- Owns 10% to 25% of Philip James Wealth Management, LLC
Dustin Dorhout
Control person · since January 2023
- Owns 10% to 25% of Philip James Wealth Management, LLC
Brion Hines
Control person · since January 2022
- Owns 5% to 10% of Philip James Wealth Management, LLC
Dean Jacklitch
since September 2020
Philip James Wealth Management’s regulatory assets grew 4.2× from $221M (July 2021) to $931M (May 2026); clients rose from 268 to 497 and employees from 7 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $931M | 497 | 9 | 7 |
| June 2025 | $932M | 584 | 10 | 7 |
| July 2024 | $934M | 590 | 8 | 5 |
| March 2023 | $258M | 349 | 8 | 5 |
| May 2022 | $293M | 361 | 7 | 6 |
| July 2021 | $221M | 268 | 7 | 2 |
Besides its headquarters, Philip James Wealth Management has 6 offices (4 private residences, listed without an address), with 3 listed addresses in Alabama, Florida and Georgia.
Alabama · 1 listed address
- 923 Merchants Walk, Huntsville
Florida · 1 listed address
- 150 S Pine Island RD, Plantation
Georgia · 1 listed address
- 13680 Highway 9, Suite C100, AlpharettaHQ
Other business names
Philip James Wealth Management has reported 1 other business name to the SEC.
- Greylin Investment Management
Contact and registration details
- Legal name
- Philip James Wealth Management, LLC
- Headquarters
- 13680 Highway 9, Suite C100, Alpharetta, GA 30004
- Website
- pgiwealthmanagement.com
- Phone
- 888-493-9022
- @34696954
- SEC file
- 801-119808
- Founded
- 2018
- Structure
- Minnesota LLC
- Fiscal year end
- December
Philip James Wealth Management uses Charles Schwab ($923M) as custodian for its separately managed accounts. Philip James Wealth Management has custody of $51.6M in client assets for 28 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $923M100%
At year end, Philip James Wealth Management’s separately managed accounts were mostly in stocks (77%) and funds (16%). Its reported 13F holdings for the quarter ended 30 June 2026 total $888M across 151 positions; the largest are Berkshire Hathaway Inc. Del (24.5%), Exxon Mobil Corp. (6.5%) and Chubb Limited (4.0%).
What the accounts hold
- Stocks77%
- Funds16%
- Bonds2%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash1%
- Other4%
- Derivatives4%
Reported 13F holdings
- $888M
- Reported 13F value
- 151
- Positions
- 54.0%
- In the 10 largest
- +2.2%
- Value vs. prior quarter
- Berkshire Hathaway Inc. Del · CL B New24.5%
- Exxon Mobil Corp.6.5%
- Chubb Limited4.0%
- Occidental Pete Corp. · *w Exp 08/03/2023.1%
- Qualcomm Inc.3.0%
- Abbott Laboratories2.9%
- Intel Corp.2.6%
- General Mills Inc.2.5%
- Merck & CO Inc.2.5%
- Johnson & Johnson2.3%
Together, the ten largest are 54.0% of reported value.
How many clients does Philip James Wealth Management have?
Philip James Wealth Management has 497 clients and manages $931 million for them, as of May 2026. They include 304 individual clients and 193 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 11 May 2026
What services does Philip James Wealth Management offer?
Philip James Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, estate planning, and insurance.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Philip James Wealth Management charge?
Philip James Wealth Management charges up to 2.00% a year for its Asset Management. The fee is billed in advance or in arrears and is negotiable.
Which custodians does Philip James Wealth Management use?
Philip James Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $923M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 11 May 2026
How many financial advisors does Philip James Wealth Management have?
Philip James Wealth Management has 7 investment adviser representatives registered with state securities authorities, out of 9 employees, and 7 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 3 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Philip James Wealth Management invest in?
At the end of its last fiscal year, Philip James Wealth Management’s separately managed accounts held 77% exchange-traded equities, 16% registered funds (mutual funds, ETFs, BDCs), 4% derivatives, 1% state and local bonds, 1% investment grade corporate bonds and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Philip James Wealth Management?
Philip James Wealth Management’s direct owners are Todd McElroy, Nicholas McElroy, Dean Jacklitch, Dustin Dorhout and Brion Hines, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 11 May 2026
How does Philip James Wealth Management get paid?
Philip James Wealth Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Philip James Wealth Management?
Philip James Wealth Management’s main office is at 13680 Highway 9, Suite C100, Alpharetta, GA 30004. Its phone number is 888-493-9022. Its website is pgiwealthmanagement.com.