Kimery Wealth Management, LLC (Memphis)

Name: Kimery Wealth Management, LLC
Address: 6410 Poplar Avenue, Memphis, TN, 38119
Telephone: (901) 291-5500

Kimery Wealth Management, LLC is a large advisory firm based in Memphis. It manages $178.32 million of regulatory assets for 506 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arkansas, Florida, Mississippi, and 3 other states.

Kimery Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kimery Wealth Management: assets under management

The assets under management (AUM) of Kimery Wealth Management, LLC is $178.32 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 64% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $178.32 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $352.4 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 76% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kimery Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kimery Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Kimery Wealth Management is high net worth individuals with 44 clients and $141.33 million of assets under management. Among the 9 most similar advisory firms, Kimery Wealth Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $178.32 million for 143 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Kimery Wealth Management doesn't advise any private funds.

Careers at Kimery Wealth Management, LLC

The company employs 6 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Lauren Michelle Sekerke has served as the Chief Investment Officer since 1 Jan 2018. Jay Elwood Esche joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kevin Dale Kimery	Managing member & chief compliance officer	1 Jun 2017	75% - 100%	1385946
Matthew Curtis Heffington	Managing member	1 Jun 2017	Other	5365434
Cohen Girls Partnership	Owner	1 Jul 2017	Other	20-1871558
Lauren Michelle Sekerke	Chief investment officer	1 Jan 2018	Other	4977959
Jay Elwood Esche	Chief compliance officer	1 Sep 2018	Other	6434040

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Holly Cohen Varsalona	Indirect owner of kimery wealth management	1 Jul 2017	25% - 50%	6861717
Melissa Kay Cohen	Indirect owner of kimery wealth management	1 Jul 2017	25% - 50%	6861627
Pamela Cohen Bernstein	Indirect owner of kimery wealth management	1 Jul 2017	25% - 50%	6861160

Based in Memphis

The principal office where Kimery Wealth Management, LLC performs its advisory services is located at 6410 Poplar Avenue, Memphis, TN 38119, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (901) 291-5500. The normal business hours are 8am - 4:30pm on Monday - Friday. You can find more information about the New York firm at kimerywealth.com.