Terra Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers. Financial planning was provided to 11–25 clients last fiscal year.
Terra Wealth Management reports 572 clients. They include 526 individual clients and 46 high-net-worth individuals. Of its assets, 79.3% ($121M across 824 accounts) are managed with discretion; $31.5M across 113 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 92% | 77% |
| High-net-worth individuals | 8% | 23% |
| Charitable organizations | Fewer than 5 | <1% |
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) | 526 | $117M | 77.1% | $223K |
| High-net-worth individuals | 46 | $34.4M | 22.7% | $749K |
| Charitable organizations | Fewer than 5 | $438K | 0.3% | — |
| Total | 572 | $152M | 100% | — |
- Clients
- 526
- Regulatory AUM
- $117M
- AUM share
- 77.1%
- Avg. per client
- $223K
- Clients
- 46
- Regulatory AUM
- $34.4M
- AUM share
- 22.7%
- Avg. per client
- $749K
- Clients
- Fewer than 5
- Regulatory AUM
- $438K
- AUM share
- 0.3%
- Avg. per client
- —
Total
- Clients
- 572
- Regulatory AUM
- $152M
- 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
- 11–25
Terra Wealth Management charges up to 2.00% a year for its Fee Schedule for Advisory Services. The fee is billed in advance or in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning and consulting
- Negotiable; ad-hoc and project consultations are generally $250 to $500 an hour, or a flat fee agreed in writing.
Terra Wealth LLC owns 75% or more of Terra Wealth Management and is in turn owned by Phillip Leonard (75% or more). Phillip Leonard is CEO. It has 13 employees, 6 of them in advisory roles.
Leadership
Phillip LeonardChief Compliance Officer, Chief Executive Officer
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 13 employees
- 6 in advisory functions
- 6 state-registered reps
- 3 broker-dealer reps
- 7 insurance agents
- Owns 75% or more of Terra Wealth Management, LLC
Terra Wealth LLC
Control person · since March 2022
- Owns 75% or more of Terra Wealth LLC
Phillip Leonard
Control person · since March 2022
Terra Wealth Management’s regulatory assets grew Infinity× from $0 (July 2022) to $152M (March 2026); employees rose from 5 to 13.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $152M | 572 | 13 | 6 |
| April 2025 | $399M | 2,087 | 55 | 25 |
| July 2024 | $341M | 1,674 | 65 | 29 |
| May 2023 | $167M | 1,091 | 62 | 26 |
| July 2022 | $0 | 0 | 5 | 1 |
Besides its headquarters, Terra Wealth Management has 5 offices (2 private residences, listed without an address), with 4 listed addresses across 4 states.
Arizona · 1 listed address
- 10450 E Riggs Road, Sun Lakes
Indiana · 1 listed address
- 123 N Main St, Crown Point
North Carolina · 1 listed address
- 400 West English Road, Ste 223, High PointHQ
Tennessee · 1 listed address
- 2817 West End Ave, Nashville
Contact and registration details
- Legal name
- Terra Wealth Management, LLC
- Headquarters
- 400 West English Road, Ste 223, High Point, NC 27262
- Website
- terrawealth.com
- Phone
- 305-928-3772
- @terrawealth
- SEC file
- 801-125822
- Structure
- Delaware LLC
- Fiscal year end
- December
Terra Wealth Management uses Fidelity ($360M) as custodian for its separately managed accounts. Terra Wealth Management does not have custody of client assets.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $360M100%
At year end, Terra Wealth Management’s separately managed accounts were mostly in stocks (51%) and bonds (27%).
What the accounts hold
- Stocks51%
- Exchange-traded equities50%
- Non-exchange-traded equities1%
- Funds12%
- Registered funds11%
- Pooled vehicles1%
- Bonds27%
- Investment grade corporate bonds25%
- U.S. government and agency bonds1%
- State and local bonds1%
- Cash10%
How many clients does Terra Wealth Management have?
Terra Wealth Management has 572 clients and manages $152 million for them, as of March 2026. They include 526 individual clients and 46 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Terra Wealth Management offer?
Terra Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Terra Wealth Management charge?
Terra Wealth Management charges up to 2.00% a year for its Fee Schedule for Advisory Services. The fee is billed in advance or in arrears and is negotiable.
Which custodians does Terra Wealth Management use?
Terra Wealth Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $360M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Terra Wealth Management have?
Terra Wealth Management has 6 investment adviser representatives registered with state securities authorities, out of 13 employees, and 6 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 7 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 Terra Wealth Management invest in?
At the end of its last fiscal year, Terra Wealth Management’s separately managed accounts held 50% exchange-traded equities, 25% investment grade corporate bonds, 11% registered funds (mutual funds, ETFs, BDCs), 10% cash and equivalents, 1% non-exchange-traded equities, 1% U.S. government and agency bonds, 1% state and local bonds and 1% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Terra Wealth Management?
Terra Wealth Management is owned through a holding company by Phillip Leonard. Its direct owner is Terra Wealth LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Terra Wealth Management get paid?
Terra Wealth Management 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 Terra Wealth Management?
Terra Wealth Management’s main office is at 400 West English Road, Ste 223, High Point, NC 27262. Its phone number is 305-928-3772. Its website is terrawealth.com.