Sherpa Wealth Management LLC

Sherpa Wealth Management LLC is a recently formed registered investment adviser that offers discretionary asset management and works with model portfolios and third‑party managers. Although the ADV describes serving individuals and high‑net‑worth clients, the firm’s most recent ADV filing reports no assets under management or individual client accounts.

The firm provides ongoing discretionary portfolio management and serves as a co‑advisor and introducer to third‑party managers, assisting with model selection, account setup, and ongoing monitoring while retaining trading discretion under written agreements. Sherpa describes sharing or receiving ongoing advisory and referral fees from its co‑advisor and TPM relationships and provides reporting and liaison services to clients placed with those managers.

Compared with peers, Sherpa discloses an affiliation with an insurance business (Sherpa Financial, LLC) whose principals devote substantial time to insurance activities and receive commissions, and it explicitly selects and receives fees from other advisers — both practices that are statistically uncommon for managers in this category. The brochure notes incentive arrangements with its co‑advisor and routine fee‑sharing with TPMs and states these potential conflicts are managed through disclosures, firm procedures, and its fiduciary duties.