Kamichu Wealth Management LLC (Las Vegas)

Kamichu Wealth Management LLC is a large advisory firm based in Las Vegas. It manages $114.69 million of regulatory assets for 53 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Nevada.

Kamichu Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kamichu Wealth Management: assets under management

The assets under management (AUM) of Kamichu Wealth Management LLC is $114.69 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $105.79 million in discretionary accounts and $8.9 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.86 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $556.37 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 40% of the firm’s portfolio. Investments in investment and business development companies form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kamichu Wealth Management LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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.

Careers at Kamichu Wealth Management LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Kamichu Wealth Management LLC is owned by Donna F Beam. Carl V Lupei joined the executive team most recently as the Owner.

Direct owners and executive officers

Based in Las Vegas

The principal office where Kamichu Wealth Management LLC performs its advisory services is located at 3910 Pecos Mcleod Blvd, Las Vegas, NV 89121, 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 (702) 487-6440. The normal business hours are by appointment on Other. You can find more information about the New York firm at smoothriverwmg.com.

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