Lake Tahoe Wealth Management, Inc. (Stateline)

Name: Lake Tahoe Wealth Management, Inc.
Address: 495 Tramway Drive, Unit #18, Stateline, NV, 89448
Telephone: 855-515-5896

Lake Tahoe Wealth Management, Inc. is a large advisory firm based in Stateline. It manages $130.28 million of regulatory assets for 707 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Nevada, New York, North Carolina, and Texas.

Lake Tahoe Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lake Tahoe Wealth Management: assets under management

The assets under management (AUM) of Lake Tahoe Wealth Management, Inc. is $130.28 million. The firm's AUM has grown by 13% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $110.62 million in discretionary accounts and $19.66 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $174.21 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $273.05 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lake Tahoe 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 Lake Tahoe 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 Lake Tahoe Wealth Management is high net worth individuals with 41 clients and $80.09 million of assets under management. Among the 12 most similar advisory firms, Lake Tahoe Wealth Management has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $130.28 million for 209 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.

Lake Tahoe Wealth Management doesn't advise any private funds.

Careers at Lake Tahoe Wealth Management, Inc.

The company employs 4 people that are either part- or full-time employees. 100 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 don’t receive compensation from other entities for client referrals.

Timothy Earl Sallade has served as the Chief Investment Officer since 1 Aug 2014. Deborah Sue Grose joined the executive team most recently as the Coo / Cfo.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Patrick Dee	President / chief executive officer / cco	1 Nov 2012	50% - 75%	4567872
Timothy Earl Sallade	Chief investment officer	1 Aug 2014	Other	4575512
Deborah Sue Grose	Coo / cfo	1 Jan 2016	25% - 50%	5659145

Based in Stateline

The principal office where Lake Tahoe Wealth Management, Inc. performs its advisory services is located at 495 Tramway Drive, Unit #18, Stateline, NV 89448 The mailing address of the firm is Po Box 366, Zephyr Cove, NV 89448. An additional office of the firm is in Folsom, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 855-515-5896 or by fax 877-810-5027. The normal business hours are by appointment on Other. You can find more information about the New York firm at laketahoewealthmanagement.com.