Redwheel
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Overview
Redwheel is a financial advisory firm headquartered in Miami, Florida. The company oversees $7.3 billion in total assets across nine customer accounts, placing it among the largest firms in the nation by assets under management (AUM). Redwheel has a small team, including 13 financial advisors. Redwheel does not act as a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets like stocks, bonds and options.
Redwheel manages all of the company's client assets on a discretionary basis. Discretionary management is a structure in which buy and sell choices for the client's account are made by an investment advisor without requiring client consent. The firm's average account size is $806.8 million. An average advisor at Redwheel administers fewer than one client account, making it one of the most individualized advisor firms in the country.
The company's central office is at 2640 S. Bayshore Drive, Miami, Florida 33133. The firm is permitted to serve clients in the state of Florida.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Redwheel by the Numbers
$7.3 billion
20
9
$806.8 million
Fee Structure
Fees charged by financial advisors typically depend on which services are offered. However, fees billed by the firm likely include the following fee types: asset-based or performance-based. The company does not provide a wrap fee program, in which the firm offers a bundle of services for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm provides services to investment companies, pooled investment vehicles and other. Out of its nine customers, Redwheel's biggest client group is other. Around 54% of the firm's accounts are non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- 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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Financial Advisors at Redwheel
Miami, FL
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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