Elmwood Wealth Management, Inc. (Berkeley)

Name: Elmwood Wealth Management, Inc.
Address: 2027 Fourth Street, Berkeley, CA, 94710 1912
Telephone: 510-858-2722

Elmwood Wealth Management, Inc. is a large advisory firm based in Berkeley. It manages $145.2 million of regulatory assets for 441 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, New Hampshire, and Texas.

Elmwood Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Elmwood Wealth Management: assets under management

The assets under management (AUM) of Elmwood Wealth Management, Inc. is $145.2 million. The firm's AUM has gone down by -32% since the beginning of its operation, and $1.91 million of the total AUM is attributable to clients outside of the United States.

The firm manages $138.27 million in discretionary accounts and $6.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $370.69 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $101.94 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in government bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Elmwood Wealth Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Elmwood Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Elmwood Wealth Management is high net worth individuals with 69 clients and $116.98 million of assets under management. Among the 9 most similar advisory firms, Elmwood Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $145.2 million for 140 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Elmwood Wealth Management doesn't advise any private funds.

Careers at Elmwood Wealth Management, Inc.

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 compensates 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
Robert Christopher Gillooly	Ceo	1 Sep 2012	50% - 75%	2073302
Shannon Stacy Lemon	Coo/cco	1 Sep 2012	50% - 75%	5129936

Based in Berkeley

The principal office where Elmwood Wealth Management, Inc. performs its advisory services is located at 2027 Fourth Street, Berkeley, CA 94710 1912, 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 510-858-2722 or by fax 510-323-7500. The normal business hours are 8:00am - 4:00pm on Monday - Friday. You can find more information about the New York firm at elmwoodwealth.com.