Kamichu Wealth Management LLC

CRD#295412
Investment Advisor Firm

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Overview

Kamichu Wealth Management LLC operates as a financial advisor company located in Las Vegas, Nevada. The company oversees $229.2 million in assets throughout 28 client accounts, placing it in the mid-tier of investment advisory firms in the country by assets under management (AUM). Kamichu Wealth Management LLC has a small team, including 1 financial advisor. Kamichu Wealth Management LLC does not act as a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable financial assets such as equities, options and bonds.

Kamichu Wealth Management LLC manages the majority of its client assets on a discretionary basis. Discretionary management signifies that a portfolio manager has the discretion to make buy and sell decisions for the client's account without needing to seek the client's authorization. The firm also manages 13 non-discretionary accounts with a total of $14.9 million in assets. The firm oversees about $8.2 million for every account. The typical financial advisor at Kamichu Wealth Management LLC manages about 28 client accounts, placing it towards the middle in terms of personalization.

The firm's main office is at 8010 West Sahara Avenue, Las Vegas, Nevada 89117. Kamichu Wealth Management LLC is legally allowed to serve customers in the state of Nevada.

Assets Under Management

$229.2 million

Number of Advisors

1

Disclosures

No

Office Location

8010 West Sahara Avenue
Las Vegas, NV 89117

Kamichu Wealth Management LLC by the Numbers

Total Assets Under Management

$229.2 million

National Average: $8.6 billion
Total Number of Employees

19

National Average: 64
Total Number of Accounts

28

National Average: 375,227
Average Account Size

$8.2 million

National Average: $23.0 thousand
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Products and Services

Kamichu Wealth Management LLC offers a number of financial services, which can include financial planning services, portfolio management for individuals and small businesses and portfolio management for institutional clients. Notably, the company did not provide any of its customers with financial planning services in the previous financial year. Kamichu Wealth Management LLC does not sell products or offer services apart from investment advisory services to its investment advisory clients.

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

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Fee Structure

Fees charged by financial advisors vary depending on which services the firm provides the client. However, fees billed by Kamichu Wealth Management LLC may include any blend of the following fee structures: asset-based, fixed or performance-based. Kamichu Wealth Management LLC does not participate in a wrap fee program, in which the firm offers a service bundle for a single fee.

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 26% of firms

    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.

  • 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 21% of firms that offer this fee type

    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.

  • 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 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

Kamichu Wealth Management LLC provides services to high net worth investors. Out of its 28 clients, Kamichu Wealth Management LLC's largest client type by number of accounts is high net worth investors, though it also serves nine high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are from outside of the U.S.

  • High-Net-Worth Individuals* - 100%
  • Other Individuals - 0%
  • 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

Kamichu Wealth Management LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Kamichu Wealth Management LLC

Maston Thornton
Las Vegas, NV

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