Redwood Private Wealth

CRD#312942
Investment Advisor Firm

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Learn more about Redwood Private Wealth

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Redwood Private Wealth is located at 3930 E. Ray Road, Phoenix, AZ. The firm employs 56 financial advisors to manage client portfolios and provide financial guidance. Redwood Private Wealth is not a registered broker-dealer.

    Redwood Private Wealth oversees $267.6 million in assets under management across 1,788 accounts, of which 1,675 are discretionary and 113 are non-discretionary. Over the past year, the firm has provided financial planning services to between 26 and 50 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and educational seminars. The firm caters to retail investors, high net worth investors, and other investment advisers, with retail investors being the largest client type by accounts. The fee structure at Redwood Private Wealth includes asset-based, hourly, and fixed fees. The firm has 69 high net worth clients and maintains affiliations with an accountant or accounting firm and an insurance company or agency.

    Redwood Private Wealth is registered in the states of Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin.

    Assets Under Management

    $267.6 million

    Number of Advisors

    56

    Disclosures

    No

    Office Location

    3930 E. Ray Road
    Phoenix, AZ 85044

    Redwood Private Wealth by the Numbers

    Total Assets Under Management

    $267.6 million

    National Average: $8.6 billion
    Total Number of Employees

    61

    National Average: 64
    Total Number of Accounts

    1,788

    National Average: 375,227
    Average Account Size

    $149.6 thousand

    National Average: $23.0 thousand
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    Products and Services

    Redwood Private Wealth provides multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and educational seminars. In the past financial year, Redwood Private Wealth provided 26-50 of its clients with financial planning services. The Firm is not engaged in selling products or offering services apart from investment advisory services to its investment advisory customers.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees charged by financial advisors typically are based on the financial services provided. Fees charged by Redwood Private Wealth can consist of any blend of the following fee structures: asset-based, hourly, or fixed.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    It works with retail investors, high net worth investors, and other investment advisers. Out of its 3 clients, Redwood Private Wealth's largest client type by number of accounts is retail investors, but it also serves 69 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of at least $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 7.36%
    • Other Individuals - 92.64%
    • Corporations - 0%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Redwood Private Wealth does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Redwood Private Wealth

    Randall Boscow
    Seattle, WA
    Bryan Nicolaysen
    Highland, NY
    William Anderson
    Bolton, CT
    Gerald Sheridan
    Phoenix, AZ
    John Matthews
    Phoenix, AZ
    Seth Friedman
    Phoenix, AZ
    Robin Depies
    Colorado Springs, CO
    Nicholas Bour
    Phoenix, AZ
    Casey Cason
    Phoenix, AZ

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