Traverso Chambers Private Wealth Management, LLC (Santa Rosa)

Name: Traverso Chambers Private Wealth Management, LLC
Address: 917 Mendocino Ave, Santa Rosa, CA, 95401
Telephone: 707-523-1111

Traverso Chambers Private Wealth Management, LLC is a large advisory firm based in Santa Rosa. It manages $299.42 million of regulatory assets for 853 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Oregon, and Texas.

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

Traverso Chambers Private Wealth Management: assets under management

The assets under management (AUM) of Traverso Chambers Private Wealth Management, LLC is $299.42 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $299.42 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $351.02 thousand each.

Traverso Chambers Private Wealth Management has custody of $117.32 million in cash and securities for 153 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is investment and business development companies, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Traverso Chambers Private Wealth Management, LLC 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 Traverso Chambers Private Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Traverso Chambers Private Wealth Management is high net worth individuals with 113 clients and $217.08 million of assets under management. Among the 5 most similar advisory firms, Traverso Chambers Private Wealth Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $271.15 million for 269 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.

Traverso Chambers Private Wealth Management doesn't advise any private funds.

Careers at Traverso Chambers Private Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Marc Anthony Traverso	Managing member	1 Mar 2018	50% - 75%	2735299
Timothy Allen Chambers	Managing member	1 Mar 2018	50% - 75%	3027699
Audra Christine Nay	Chief compliance officer	1 Mar 2018	Other	3182983

Based in Santa Rosa

The principal office where Traverso Chambers Private Wealth Management, LLC performs its advisory services is located at 917 Mendocino Ave, Santa Rosa, CA 95401, 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 707-523-1111. The normal business hours are 7:30am-4:30pm on Monday - Friday. You can find more information about the New York firm at traversochambers.com/.