Century Wealth Management, LLC (Memphis)

Name: Century Wealth Management, LLC
Address: 1770 Kirby Pkwy, Memphis, TN, 38138 7436
Telephone: 901-850-5532

Century Wealth Management, LLC is a large advisory firm based in Memphis. It manages $296.63 million of regulatory assets for 387 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Florida, Tennessee, and Texas.

Century Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, educational seminars and workshops, and family office services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Century Wealth Management: assets under management

The assets under management (AUM) of Century Wealth Management, LLC is $296.63 million. The firm's AUM has grown by 230% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $209.24 million in discretionary accounts and $87.38 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $571.7 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.16 million.

Century Wealth Management has custody of $62 million in cash and securities for 43 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 56% of the total AUM. The second-largest asset type is other assets, which make up 26% of the firm’s portfolio. Investments in exchange traded securities form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Century Wealth Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Century Wealth Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Century Wealth Management is high net worth individuals with 44 clients and $262.46 million of assets under management. Among the 10 most similar advisory firms, Century Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $288.3 million for 79 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.

Century Wealth Management doesn't advise any private funds.

Careers at Century Wealth Management, LLC

The company employs 4 people that are either part- or full-time employees. 50 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
Regina Gadomski Healy	Secretary	1 Aug 2000	Other	5437786
Jay Lawrence Healy	Member, manager, president, trustee, cco	1 Mar 2007	75% - 100%	4424904
Jay L Healy	Member, manager and president	1 Mar 2007	Other	4424904
Richard Thomas Gadomski	Member	1 Mar 2007	75% - 100%	1678618
John Andrew Sadlow	Chief compliance officer	1 Mar 2007	Other	5039780
Healy Family Business Trust	Member	1 Feb 2008	75% - 100%	26-6698803
Ross Dwain Harris	Chief compliance officer	1 Jan 2011	Other	5827119
Gregory O'neal Davis	Member	1 Jan 2017	Other	6104801

Based in Memphis

The principal office where Century Wealth Management, LLC performs its advisory services is located at 1770 Kirby Pkwy, Memphis, TN 38138 7436, 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 901-850-5532 or by fax 901-682-1822. The normal business hours are 8:00am - 4:30pm on Monday - Friday. You can find more information about the New York firm at centurywealth.com/.