Pacific Islands Wealth Management LLC (Honolulu)

Pacific Islands Wealth Management LLC is a large advisory firm based in Honolulu. It manages $143.68 million of regulatory assets for 175 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of Hawaii.

Pacific Islands Wealth Management provides portfolio management for individuals and small businesses and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pacific Islands Wealth Management: assets under management

The assets under management (AUM) of Pacific Islands Wealth Management LLC is $143.68 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 127% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $143.68 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $821.01 thousand each.

Pacific Islands Wealth Management has custody of $36.38 million in cash and securities for 70 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Pacific Islands Wealth Management LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Pacific Islands Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Pacific Islands Wealth Management is pension and profit sharing plans with 25 clients and $102.04 million of assets under management. Among the 9 most similar advisory firms, Pacific Islands Wealth Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $143.68 million for 133 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Pacific Islands Wealth Management doesn't advise any private funds.

Careers at Pacific Islands Wealth Management LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Manley Kirkeby	Managing member/chief compliance officer	1 Jan 2011	50% - 75%	1959116
Everett Spencer Mcdaniel	Managing member	1 Oct 2012	50% - 75%	2837345

Based in Honolulu

The principal office where Pacific Islands Wealth Management LLC performs its advisory services is located at 1314 S. King Street, Honolulu, HI 96814, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 808-548-0105 or by fax (808)792-5177. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday.