Phillip B. White provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, estate planning, insurance, and tax planning. Financial planning was provided to 101–250 clients last fiscal year.
Phillip B. White reports 246 clients. They include 140 individual clients, 103 high-net-worth individuals, and 2 pension and profit-sharing plans. Of its assets, 100.0% ($319M across 587 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 57% | 17% |
| High-net-worth individuals | 42% | 79% |
| Pension and profit-sharing plans | <1% | 3% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 140 | $55.7M | 17.5% | $398K |
| High-net-worth individuals | 103 | $253M | 79.3% | $2.45M |
| Pension and profit-sharing plans | Fewer than 5 | $9.33M | 2.9% | $4.66M |
| Corporations and other businesses | Fewer than 5 | $848K | 0.3% | $848K |
| Total | 246 | $319M | 100% | — |
- Clients
- 140
- Regulatory AUM
- $55.7M
- AUM share
- 17.5%
- Avg. per client
- $398K
- Clients
- 103
- Regulatory AUM
- $253M
- AUM share
- 79.3%
- Avg. per client
- $2.45M
- Clients
- Fewer than 5
- Regulatory AUM
- $9.33M
- AUM share
- 2.9%
- Avg. per client
- $4.66M
- Clients
- Fewer than 5
- Regulatory AUM
- $848K
- AUM share
- 0.3%
- Avg. per client
- $848K
Total
- Clients
- 246
- Regulatory AUM
- $319M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Phillip B. White charges 0.50%–1.25% a year for its Advisory Service Agreement. The fee is billed in arrears, is negotiable, has a $6,250 annual minimum and requires an account of at least $500,000. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Hourly Planning
- Limited-scope hourly planning is billed at $250 an hour with a $500 minimum, or at a negotiable flat fee.
Bruce White owns 75% or more of Phillip B. White. The leadership team of Phillip B. White includes President Bruce White. It has 2 employees.
Leadership
- Bruce WhitePresident/ CCO
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
- Bruce David White
- Zachary Joseph White
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- 2 insurance agents
- Owns 75% or more of Phillip B. White Co., Inc.
Bruce White
Control person · since February 2019
Phillip B. White’s regulatory assets grew from $239M (May 2021) to $319M (March 2026); clients were 246 in both filings and employees were 2 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $319M | 246 | 2 | 1 |
| March 2025 | $268M | 248 | 2 | 1 |
| March 2024 | $244M | 244 | 2 | 2 |
| March 2023 | $217M | 239 | 2 | 2 |
| March 2022 | $256M | 244 | 2 | 2 |
| May 2021 | $239M | 238 | 2 | 2 |
Besides its headquarters, Phillip B. White has 0 offices, with 1 listed address in California.
California · 1 listed address
- 11573 Los Osos Valley Road, Suite D, San Luis ObispoHQ
Contact and registration details
- Legal name
- Phillip B. White Co., Inc.
- Headquarters
- 11573 Los Osos Valley Road, Suite D, San Luis Obispo, CA 93405
- Website
- pbwhite.com
- Phone
- 925-736-2108
- SEC file
- 801-114890
- Founded
- 2019
- Structure
- California corporation
- Fiscal year end
- December
Phillip B. White uses Pershing ($181M, 64%), Assetmark Brokerage ($75.8M, 27%) and SEI Investments Distribution ($25.9M, 9%) as custodians for its separately managed accounts. Phillip B. White does not have custody of client assets.
- PershingPershing Advisor Solutions LLC · Jersey City, NJ · $181M64%
- Assetmark BrokerageAssetmark Brokerage, LLC · Concord, CA · $75.8M27%
- SEI Investments DistributionSEI Investments Distribution Co. · Oaks, PA · $25.9M9%
At year end, Phillip B. White’s separately managed accounts were mostly in funds (93%).
What the accounts hold
- Funds93%
- Cash2%
- Other5%
- Variable annuities, variable life5%
How many clients does Phillip B. White have?
Phillip B. White has 246 clients and manages $319 million for them, as of March 2026. They include 140 individual clients, 103 high-net-worth individuals, and 2 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Phillip B. White offer?
Phillip B. White provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, estate planning, insurance, and tax planning.
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 Phillip B. White charge?
Phillip B. White charges 0.50%–1.25% a year for its Advisory Service Agreement. The fee is billed in arrears, is negotiable, has a $6,250 annual minimum and requires an account of at least $500,000.
Source: PB WHITE FIRM BROCHURE MAR 30 2026, filed 31 March 2026
Which custodians does Phillip B. White use?
Phillip B. White’s separately managed account assets are held at Pershing Advisor Solutions LLC (Jersey City, NJ), with $181M, Assetmark Brokerage, LLC (Concord, CA), with $75.8M and SEI Investments Distribution Co. (Oaks, PA), with $25.9M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Phillip B. White have?
Phillip B. White has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 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 Phillip B. White invest in?
At the end of its last fiscal year, Phillip B. White’s separately managed accounts held 93% registered funds (mutual funds, ETFs, BDCs), 5% other and 2% cash and equivalents. The 5% other category is described as: Variable Annuities, Variable Life.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Phillip B. White have a minimum investment?
Yes, Phillip B. White’s minimum account size for its Advisory Service Agreement is $500K. It charges a $6.25K annual minimum fee.
Source: PB WHITE FIRM BROCHURE MAR 30 2026, filed 31 March 2026
Who owns Phillip B. White?
Phillip B. White’s direct owner is Bruce White (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Phillip B. White get paid?
Phillip B. White is paid through a percentage of assets under management, hourly charges 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 Phillip B. White?
Phillip B. White’s main office is at 11573 Los Osos Valley Road, Suite D, San Luis Obispo, CA 93405. Its phone number is 925-736-2108. Its website is pbwhite.com.