Wallace Advisory Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, education planning, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
Wallace Advisory Group reports 87 clients. They include 52 individual clients and 35 high-net-worth individuals. Of its assets, 100.0% ($269M across 390 accounts) are managed with discretion. It advised 2 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 60% | 41% |
| High-net-worth individuals | 40% | 59% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 52 | $109M | 40.5% | $2.1M |
| High-net-worth individuals | 35 | $160M | 59.5% | $4.58M |
| Total | 87 | $269M | 100% | $3.1M |
- Clients
- 52
- Regulatory AUM
- $109M
- AUM share
- 40.5%
- Avg. per client
- $2.1M
- Clients
- 35
- Regulatory AUM
- $160M
- AUM share
- 59.5%
- Avg. per client
- $4.58M
Total
- Clients
- 87
- Regulatory AUM
- $269M
- AUM share
- 100%
- Avg. per client
- $3.1M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 2
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Wallace Advisory Group charges up to 1.50% a year for its Asset Management & Comprehensive Portfolio Management. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning & Consulting
- Financial planning and consulting is a flat fee from $5,000 to $50,000, with a 50% retainer at signing, and a $5,000 per year fee for ongoing planning and consulting services.
Joseph Wallace owns 75% or more of Wallace Advisory Group. The leadership team of Wallace Advisory Group includes Chief Compliance Officer Joseph Wallace. It has 4 employees, 1 of them in advisory roles.
Leadership
- Joseph WallaceChief Compliance Officer
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
- Joseph William Wallace
Staff
- 4 employees
- 1 in advisory functions
- 1 state-registered rep
- 1 broker-dealer rep
- 1 insurance agent
- Owns 75% or more of Wallace Advisory Group, LLC
Joseph Wallace
Control person · since October 2015
Wallace Advisory Group’s regulatory assets grew from $181M (March 2021) to $269M (January 2026); clients fell from 137 to 87 and employees from 5 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| January 2026 | $269M | 87 | 4 | 1 |
| March 2025 | $250M | 130 | 2 | 1 |
| January 2024 | $225M | 68 | 2 | 1 |
| January 2023 | $221M | 50 | 4 | 1 |
| February 2022 | $235M | 108 | 4 | 1 |
| March 2021 | $181M | 137 | 5 | 1 |
Besides its headquarters, Wallace Advisory Group has 0 offices, with 1 listed address in California.
California · 1 listed address
- 3658 Mount Diablo Boulevard, Suite 225, LafayetteHQ
Other business names
Wallace Advisory Group has reported 1 other business name to the SEC.
- Wallace Financial Insurance Services
Contact and registration details
- Legal name
- Wallace Advisory Group, LLC
- Headquarters
- 3658 Mount Diablo Boulevard, Suite 225, Lafayette, CA 94549
- Website
- Not reported
- Phone
- 925-284-6880
- @wallace-advisory-group
- SEC file
- 801-106666
- Founded
- 2015
- Structure
- California LLC
- Fiscal year end
- December
Wallace Advisory Group uses Charles Schwab ($269M) as custodian for its separately managed accounts. Wallace Advisory Group has custody of $24.5M in client assets for 22 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $269M100%
At year end, Wallace Advisory Group’s separately managed accounts were mostly in bonds (55%) and stocks (40%). Its reported 13F holdings for the quarter ended 30 June 2026 total $106M across 134 positions; the largest are Merck & CO Inc. (13.9%), Chevron Corporation (6.6%) and SPDR Series Trust (4.3%).
What the accounts hold
- Stocks40%
- Bonds55%
- High-yield corporate bonds25%
- State and local bonds15%
- Investment grade corporate bonds10%
- U.S. government and agency bonds5%
- Cash5%
Reported 13F holdings
- $106M
- Reported 13F value
- 134
- Positions
- 40.5%
- In the 10 largest
- +13.6%
- Value vs. prior quarter
- Merck & CO Inc.13.9%
- Chevron Corporation6.6%
- SPDR Series Trust · ST Str Blo 1 ETF4.3%
- The Cigna Group3.0%
- State Str SPDR S&P 500 ETF T · TR Unit2.6%
- Apple Inc.2.3%
- Nvidia Corporation2.2%
- Amazon Com Inc.2.1%
- Alphabet Inc. · Cap Stk CL A1.7%
- Microsoft Corp.1.7%
Together, the ten largest are 40.5% of reported value.
How many clients does Wallace Advisory Group have?
Wallace Advisory Group has 87 clients and manages $269 million for them, as of January 2026. They include 52 individual clients and 35 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 January 2026
What services does Wallace Advisory Group offer?
Wallace Advisory Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, education planning, estate planning, insurance, philanthropic planning, 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 Wallace Advisory Group charge?
Wallace Advisory Group charges up to 1.50% a year for its Asset Management & Comprehensive Portfolio Management. The fee is billed in arrears and is negotiable.
Which custodians does Wallace Advisory Group use?
Wallace Advisory Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $269M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 January 2026
How many financial advisors does Wallace Advisory Group have?
Wallace Advisory Group has 1 investment adviser representative registered with state securities authorities, out of 4 employees, and 1 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Wallace Advisory Group invest in?
At the end of its last fiscal year, Wallace Advisory Group’s separately managed accounts held 40% exchange-traded equities, 25% high-yield corporate bonds, 15% state and local bonds, 10% investment grade corporate bonds, 5% U.S. government and agency bonds and 5% 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 Wallace Advisory Group?
Wallace Advisory Group’s direct owner is Joseph Wallace (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 January 2026
How does Wallace Advisory Group get paid?
Wallace Advisory Group 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 Wallace Advisory Group?
Wallace Advisory Group’s main office is at 3658 Mount Diablo Boulevard, Suite 225, Lafayette, CA 94549. Its phone number is 925-284-6880.