Red Door Wealth Management, Llc (Memphis)
Red Door Wealth Management, Llc Is a Large Advisory Firm Based in Memphis. It Manages $481.03 Million of Regulatory Assets for 1,057 Client Accounts. It Has...
Red Door Wealth Management, LLC is a large advisory firm based in Memphis. It manages $481.03 million of regulatory assets for 1,057 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Arkansas, Florida, and 4 other states.
Red Door Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and family office and wealth planning services, advisory consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
Red Door Wealth Management: assets under management
The assets under management (AUM) of Red Door Wealth Management, LLC is $481.03 million. The firm's AUM has grown by 368% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $263.94 million in discretionary accounts and $217.09 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $287.83 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.55 million.
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Investments
The firm invests in investment and business development companies the most. They account for 51% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 24% of the firm’s portfolio. Investments in exchange traded securities form 13% of the total invested assets.
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