Redwood Wealth Management, LLC (Alpharetta)

Name: Redwood Wealth Management, LLC
Address: 11175 Cicero Drive, Alpharetta, GA, 30022
Telephone: 678-527-2800

Redwood Wealth Management, LLC is a large advisory firm based in Alpharetta. It manages $631.85 million of regulatory assets for 2,789 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Florida, Georgia, and 9 other states.

Redwood Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for approximately 600 clients. On top of advisory services, the firm doesn't engage in other business activities.

Redwood Wealth Management: assets under management

The assets under management (AUM) of Redwood Wealth Management, LLC is $631.85 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 914% since the beginning of its operation, and $418.05 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $631.85 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $226.55 thousand each.

Redwood Wealth Management has custody of $40.88 million in cash and securities for 224 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 91% of the total AUM. The second-largest asset type is exchange traded securities, which make up 2% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Redwood 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 Redwood Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Redwood Wealth Management is high net worth individuals with 204 clients and $447.86 million of assets under management. Among the 6 most similar advisory firms, Redwood Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $631.85 million for 614 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Redwood Wealth Management doesn't advise any private funds.

Careers at Redwood Wealth Management, LLC

The company employs 17 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Lane Alex Steinberger has served as the Chief Investment Officer since 1 Jul 2008. Llc Evergreen Wealth joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lane Alex Steinberger	Chief investment officer	1 Jul 2008	Other	5208494
Rajen Kantical Chokshi	Chief operations officer	1 Jul 2008	Other	4392109
Shawn Michael Meade	Partner, chief compliance officer (07/21/2008)	1 Jul 2008	Other	4493261
Rajen Kantilal Chokshi	Chief operations officer	1 Jul 2008	Other	4392109
Steinberger Incorporated	Member	1 Aug 2008	25% - 50%	26-1508852
Inc. Redwood Financial Services	Member	1 Aug 2008	25% - 50%	58-2655677
Inc. Bluerock Financial Advisors	Member	1 Aug 2008	25% - 50%	20-5007169
Rachael Hope Neil	Chief operations officer	1 May 2017	Other	4834179
Llc Evergreen Wealth	Member	1 Aug 2018	Other	83-1776577

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Shawn Michael Meade	President	1 Jun 2006	75% - 100%	4493261
Rajen Kantical Chokshi	President	1 Jun 2006	75% - 100%	4392109
Rajen Kantilal Chokshi	President	1 Jun 2006	75% - 100%	4392109
Lane Alex Steinberger	Owner	1 Jan 2008	75% - 100%	5208494
Rachael Hope Neil	President	1 Aug 2018	75% - 100%	4834179

Based in Alpharetta

The principal office where Redwood Wealth Management, LLC performs its advisory services is located at 11175 Cicero Drive, Alpharetta, GA 30022, 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 678-527-2800 or by fax 678-527-2801. The normal business hours are appointment only on Monday - Friday. You can find more information about the New York firm at redwoodwm.com and its LinkedIn profile.