Chambers Wealth Advisory (Stateline)

Name: Chambers Wealth Advisory
Address: 140 Easy Street, Stateline, NV, 89449 2562
Telephone: 650-218-4758

Chambers Wealth Advisory is a large advisory firm based in Stateline. It manages $126.9 million of regulatory assets for 35 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Nevada, and Texas.

Chambers Wealth Advisory provides financial planning services, portfolio management for individuals and small businesses, 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.

Chambers Wealth Advisory: assets under management

The assets under management (AUM) of Chambers Wealth Advisory is $126.9 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $100.43 million in discretionary accounts and $26.47 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.14 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $8.82 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Chambers Wealth Advisory for their services and products based on a percentage of assets under management 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 Chambers Wealth Advisory serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Chambers Wealth Advisory is high net worth individuals with 26 clients and $121.88 million of assets under management. Among the 9 most similar advisory firms, Chambers Wealth Advisory has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $123.08 million for 32 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.

Chambers Wealth Advisory doesn't advise any private funds.

Careers at Chambers Wealth Advisory

The company employs 1 person that is either a part- or full-time employee. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Crafton Chambers	Cco, owner, wealth advisor	1 Jul 2018	75% - 100%	4765485

Based in Stateline

The principal office where Chambers Wealth Advisory performs its advisory services is located at 140 Easy Street, Stateline, NV 89449 2562, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 650-218-4758. The normal business hours are by appointment only on Other. You can find more information about the New York firm at menloparkwealth.com/.