Acima Private Wealth LLC
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Learn more about Acima Private Wealth LLC
Acima Private Wealth LLC operates as a financial advisory company that has its headquarters in Richmond, Virginia. The company manages $277.8 million in total assets across 121 accounts, placing it in the mid-tier of firms in the nation by assets under management (AUM). The firm has a small group, including 6 financial advisors. Acima Private Wealth LLC does not act as a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are defined as exchangable fiscal investments such as equities, bonds and options.
Acima Private Wealth LLC manages all of the company's accounts in a discretionary manner. Discretionary management means that transaction decisions for the client's account are made by an investment advisor without needing to seek the customer's consent. The investment advisory firm's average account size is $2.3 million. An average financial advisor at Acima Private Wealth LLC manages around 20 client accounts, placing it among the more individualized advisor firms in the country.
The company's main office is at 1801 Bayberry Court, Richmond, Virginia 23226. The company is legally permitted to provide services to investors throughout 4 states, including Delaware, North Carolina, Texas and Virginia.
Assets Under Management
Number of Advisors
Acima Private Wealth LLC by the Numbers
Products and Services
Acima Private Wealth LLC provides a variety of financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and selection of other advisers. In the prior financial year, it provided financial planning services to 11-25 of its accounts. The firm does not sell products or offer services aside 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
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
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.
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Publication of Periodicals
This is the publication of various financial education materials.
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This is the hosting of seminars or workshops to educate investors on financial concepts.
Fees for financial management largely depend on which services the firm provides the client. Fee types billed by Acima Private Wealth LLC can be comprised of some combination of the following fee types: asset-based or other. The company does participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Offered by 69% of firms
Percentage of AssetsShow 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 10% of firms
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Find one of the 21% of firms that offer this fee type
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
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
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
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 32% of firms that offer this fee type
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.
Types of Clients
The firm works with retail investors, high net worth investors, charitable organizations and corporations. Out of its 121 accounts, Acima Private Wealth LLC's largest client group by number of accounts is high net worth investors, although it also serves 32 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 69.57%
- Other Individuals - 21.74%
- Corporations - 2.17%
- Charitable Organizations - 6.52%
* 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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Acima Private Wealth LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Acima Private Wealth LLC
Old Tappan, NJ
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