Avaii Wealth Management, LLC (Appleton)

Name: Avaii Wealth Management, LLC
Address: 158 E. Northland Avenue, Appleton, WI, 54911
Telephone: (920) 214-1212

Avaii Wealth Management, LLC is a large advisory firm based in Appleton. It manages $114.79 million of regulatory assets for 704 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Wisconsin.

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

Avaii Wealth Management: assets under management

The assets under management (AUM) of Avaii Wealth Management, LLC is $114.79 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $114.79 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $163.05 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 79% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Avaii Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Avaii Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Avaii Wealth Management is individuals with 232 clients and $61.24 million of assets under management. Among the 7 most similar advisory firms, Avaii Wealth Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $114.79 million for 282 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.

Avaii Wealth Management doesn't advise any private funds.

Careers at Avaii Wealth Management, LLC

The company employs 10 people that are either part- or full-time employees. 50 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christian James Doule	Managing member / wealth management advisor	1 Jul 2018	50% - 75%	5469878
Jeffrey James Rainer	Member / wealth management advisor	1 Jul 2018	Other	3168972
Joel Thomas Blattner	Member / director of investments / chief compliance officer	1 Jul 2018	Other	5440787

Based in Appleton

The principal office where Avaii Wealth Management, LLC performs its advisory services is located at 158 E. Northland Avenue, Appleton, WI 54911, 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 (920) 214-1212. The normal business hours are 9:00 am to 5:00pm on Monday - Friday. You can find more information about the New York firm at avaii.com and its LinkedIn profile.