Bountiful Investment Management Llc
- Regulatory AUM
- $161M
- Discretionary
- $0
- Clients
- 560
- Avg AUM / client
- $287K
- Accounts
- 1,080
- Employees
- 3
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 11, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 551 | $133M | 82.6% |
| High net worth individuals | 9 | $27.9M | 17.4% |
People (3)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Joshua Jon Wells | Managing Member | Aug 2015 (11y) | 75% or more | |
| Manuel Raposa Rezendes | Member And Chief Compliance Officer | Aug 2015 (11y) | 10% – 25% | |
| Michael Robert Ferrie | Registered representative | Dec 2025 (1y) |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/11/2026 | 1.23 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: TWO INDEPENDENT CONTRACTORS OF EUCLID FINANCIAL SERVICES, LLC, WHO WERE ONLY LICENSED AS INSURANCE PRODUCERS AND NOT INVESTMENT ADVISER REPRESENTATIVES, ALLEGEDLY RECOMMENDED THAT A CUSTOMER ROLLOVER THE VALUE OF THE CUSTOMER'S 403(B) RETIREMENT ACCOUNT (WHICH INCLUDED STOCKS AND BONDS) TO PURCHASE AN ANNUITY. JOSHUA WELLS, WHO IS LICENSED AS AN INSURANCE PRODUCER BUT NOT AS AN INVESTMENT ADVISER REPRESENTATIVE, AND EUCLID FINANCIAL SERVICES, LLC ALLEGEDLY RECEIVED A PORTION OF THE COMMISSION FROM THE ANNUITY TRANSACTION FUNDED THROUGH THE 403(B) ROLLOVER. JOSHUA WELLS IS THE PRIMARY OWNER OF EUCLID FINANCIAL SERVICES, LLC AND EUCLID WEALTH MANAGEMENT LLC, WHICH IS AN INVESTMENT ADVISER. THE SECURITIES DIVISION OF THE SECRETARY OF STATE OF THE COMMONWEALTH OF MASSACHUSETTS ALLEGED THAT EUCLID FINANCIAL SERVICES, LLC IS NOT REGISTERED AS AN INVESTMENT ADVISER AND JOSHUA WELLS IS NOT REGISTERED AS AN INVESTMENT ADVISER REPRESENTATIVE. MA ALSO ALLEGED THAT EUCLID WEALTH MANAGEMENT EMPLOYED AN INVESTMENT ADVISER REPRESENTATIVE WHO WAS NOT REGISTERED. MA ALLEGED THAT JOSHUA MADE A FALSE OR MISLEADING STATEMENT TO MA. Status: Final Summary: EUCLID FINANCIAL SERVICES, LLC HAS PAID THE ADMINISTRATIVE FINE. OFFERS TO REIMBURSE THE CLIENTS FOR COMMISSIONS RECEIVED HAVE BEEN MADE. EUCLID WEALTH MANAGEMENT LLC AND EUCLID FINANCIAL SERVICES, LLC HAVE CHANGED THEIR RESPECTIVE NAMES, AND THEY ARE WORKING ON THE OTHER REQUIREMENTS OF THE ORDER.
Allegations: TWO INDEPENDENT CONTRACTORS OF EUCLID FINANCIAL SERVICES, LLC, WHO WERE ONLY LICENSED AS INSURANCE PRODUCERS AND NOT INVESTMENT ADVISER REPRESENTATIVES, ALLEGEDLY RECOMMENDED THAT A CUSTOMER ROLLOVER THE VALUE OF THE CUSTOMER'S 403(B) RETIREMENT ACCOUNT (WHICH INCLUDED STOCKS AND BONDS) TO PURCHASE AN ANNUITY. JOSHUA WELLS, WHO IS LICENSED AS AN INSURANCE PRODUCER BUT NOT AS AN INVESTMENT ADVISER REPRESENTATIVE, AND EUCLID FINANCIAL SERVICES, LLC ALLEGEDLY RECEIVED A PORTION OF THE COMMISSION FROM THE ANNUITY TRANSACTION FUNDED THROUGH THE 403(B) ROLLOVER. JOSHUA WELLS IS THE PRIMARY OWNER OF EUCLID FINANCIAL SERVICES, LLC AND EUCLID WEALTH MANAGEMENT LLC, WHICH IS AN INVESTMENT ADVISER. THE SECURITIES DIVISION OF THE SECRETARY OF STATE OF THE COMMONWEALTH OF MASSACHUSETTS ALLEGED THAT EUCLID FINANCIAL SERVICES, LLC IS NOT REGISTERED AS AN INVESTMENT ADVISER AND JOSHUA WELLS IS NOT REGISTERED AS AN INVESTMENT ADVISER REPRESENTATIVE. MA ALSO ALLEGED THAT EUCLID WEALTH MANAGEMENT EMPLOYED AN INVESTMENT ADVISER REPRESENTATIVE WHO WAS NOT REGISTERED. MA ALLEGED THAT JOSHUA MADE A FALSE OR MISLEADING STATEMENT TO MA. Status: Final Sanction Detail: OFFERS TO REIMBURSE THE CLIENTS FOR COMMISSIONS RECEIVED HAVE BEEN MADE. Summary: EUCLID FINANCIAL SERVICES, LLC HAS PAID THE ADMINISTRATIVE FINE. OFFERS TO REIMBURSE THE CLIENTS FOR COMMISSIONS RECEIVED HAVE BEEN MADE. EUCLID WEALTH MANAGEMENT LLC AND EUCLID FINANCIAL SERVICES, LLC HAVE CHANGED THEIR RESPECTIVE NAMES, AND THEY ARE WORKING ON THE OTHER REQUIREMENTS OF THE ORDER.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Selection of other advisers
- • Educational seminars/workshops
- • Other services
Custody
Reported custodians
- Charles Schwab & Co. $151M (94% of AUM) Mar 2026
- Fidelity Investments $1.8M (2% of AUM) Mar 2024
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 11, 2026.
View current Form ADV (SEC/IAPD) ↗