Kimery Wealth Management, LLC

CRD#288229
Investment Advisor Firm

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Learn more about Kimery Wealth Management, LLC

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

    • Overview

    Kimery Wealth Management, LLC is an advisory firm that has its headquarters in Memphis, Tennessee. Kimery Wealth Management, LLC administers $307.4 million in assets over 1,545 client accounts, placing it in the mid-tier of firms in the United States by assets under management (AUM). It has a small group, including 4 financial advisors. Kimery Wealth Management, LLC does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer firm to do so. Securities are defined as tradable financial assets like bonds, equities and options.

    Kimery Wealth Management, LLC administers most of the company's client assets in a discretionary manner. Discretionary management signifies that buy and sell choices for the client's account are made by an investment advisor without needing the customer's permission. The company also oversees 106 non-discretionary accounts totaling $7.5 million in AUM. The investment advisory firm's average account size is $198,995. The typical financial advisor at Kimery Wealth Management, LLC manages about 386 client accounts.

    The firm's headquarters is at 6410 Poplar Avenue, Memphis, Tennessee 38119. The company is legally registered to serve customers across 12 U.S. states and territories.

    Assets Under Management

    $307.4 million

    Number of Advisors

    4

    Disclosures

    No

    Office Location

    6410 Poplar Avenue
    Memphis, TN 38119

    Kimery Wealth Management, LLC by the Numbers

    Total Assets Under Management

    $307.4 million

    National Average: $8.6 billion
    Total Number of Employees

    7

    National Average: 64
    Total Number of Accounts

    1,545

    National Average: 375,227
    Average Account Size

    $199.0 thousand

    National Average: $23.0 thousand
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    Products and Services

    Kimery Wealth Management, LLC provides a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses, pension consulting services and selection of other advisers. In the prior fiscal year, the company provided 1-10 of its accounts with financial planning services. Kimery Wealth Management, LLC does not sell products or offer 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.

    • Find a firm that offers this service

      Educational Seminars/Workshops

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

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    Fee Structure

    Fees for financial management largely are based on the type of services provided. However, fee types charged by the company most likely are comprised of any blend of the following fee types: asset-based or fixed. The firm does not participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive 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 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 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 provides services to retail investors, high net worth investors and corporations. Out of its 1,545 clients, Kimery Wealth Management, LLC's largest client type by number of accounts is retail investors, though it also serves 81 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 22.07%
    • Other Individuals - 76.02%
    • Corporations - 1.91%
    • 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

    Kimery Wealth Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Kimery Wealth Management, LLC

    Jonathan Mcalister
    Memphis, TN
    Matthew Heffington
    Memphis, TN
    Ronald Behymer
    Memphis, TN
    Kevin Kimery
    Memphis, TN

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