Western Wealth Management LLC (Golden)

Name: Western Wealth Management LLC
Address: 440 Indiana St., Suite 100, Golden, CO, 80401
Telephone: 3033932344

Western Wealth Management LLC is a large advisory firm based in Golden. It manages $1.12 billion of regulatory assets for 6,566 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, California, Colorado, and 37 other states.

Western 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 prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Western Wealth Management: assets under management

The assets under management (AUM) of Western Wealth Management LLC is $1.12 billion. The firm's AUM has grown by 5881% since the beginning of its operation, and $2.35 million of the total AUM is attributable to clients outside of the United States.

The firm manages $982.1 million in discretionary accounts and $142.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $189.63 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $102.62 thousand.

Western Wealth Management has custody of $55.56 million in cash and securities for 145 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 43% of the total AUM. The second-largest asset type is exchange traded securities, which make up 43% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Western 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 Western Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Western Wealth Management is individuals with 3,049 clients and $610.31 million of assets under management. Among the 12 most similar advisory firms, Western Wealth Management has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.12 billion for 3,334 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.

Western Wealth Management doesn't advise any private funds.

Careers at Western Wealth Management LLC

The company employs 73 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 73 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gerhardt Emmanuel Buenning	Managing member/chief compliance officer	1 Apr 2013	75% - 100%	1003315
Gerhardt Emmanuel Buenning	Managing member/chief compliance officer	1 May 2013	75% - 100%	1003315
Darla Dustin Douglas	Chief compliance officer	1 Mar 2016	Other	5484921
Julie Ann Coberly	Cheif financial officer	1 Mar 2016	Other	2370790
Heather Ann Bretz	Chief operations officer	1 Mar 2016	Other	5260361
Heather A Bretz	Chief operations officer	1 Mar 2016	Other	5260361
Cain Benjamin Kobert	Member, president and chief executive officer	1 Apr 2016	75% - 100%	2673742
Julie Ann Coberly	Cheif financial officer	1 Apr 2016	Other	2370790
Gerhardt Emmanuel Buenning	Member, president and chief executive officer	1 Nov 2017	75% - 100%	1003315
Darla Dustin Douglas	Director of advisory compliance	1 Jun 2018	Other	5484921
Cari Anne Smith	Director of compliance	1 Jun 2019	Other	2690643

Based in Golden

The principal office where Western Wealth Management LLC performs its advisory services is located at 440 Indiana St., Suite 100, Golden, CO 80401, which is also the mailing address of the firm. An additional office of the firm is in Scottsdale, AZ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 3033932344 or by fax 303-393-2365. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at westernwealthmgmt.com and its LinkedIn profile.