Adams Wealth Management LLC (Logan)

Name: Adams Wealth Management LLC
Address: 1047 S. 100 W, Logan, UT, 84321
Telephone: (435)752-1702

Adams Wealth Management LLC is a large advisory firm based in Logan. It manages $245.36 million of regulatory assets for 1,158 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Idaho, Nebraska, Oregon, and 3 other states.

Adams Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Adams Wealth Management: assets under management

The assets under management (AUM) of Adams Wealth Management LLC is $245.36 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $245.36 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $211.89 thousand each.

Adams Wealth Management has custody of $119.63 million in cash and securities for 202 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment grade corporate bonds the most. They account for 31% of the total AUM. The second-largest asset type is investment and business development companies, which make up 30% of the firm’s portfolio. Investments in exchange traded securities form 21% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Adams Wealth Management LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Adams Wealth Management serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Adams Wealth Management is high net worth individuals with 83 clients and $155.33 million of assets under management. Among the 9 most similar advisory firms, Adams Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $245.36 million for 451 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.

Adams Wealth Management also advises several private funds. Namely, two hedge funds, one real estate fund, and one private equity fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Adams Wealth Management LLC

The company employs 12 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 9 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
Tanner Tessmer Dance	Director of trading & research	1 Jan 2015	Other	6229188
Steven Craig Adams	Member	1 Nov 2016	75% - 100%	2627265
S Craig Adams	Member	1 Nov 2016	75% - 100%	2627265
Paul William Fraser	Director of strategy	1 May 2017	Other	6773669
Dylan Jonathan Nielson	Chief compliance officer	1 Dec 2017	Other	6878145
Riley Stevens Crosbie	Member	1 Jan 2018	Other	6538869
Ryan Mathew Bohm	Member	1 Jan 2018	Other	5594607

Based in Logan

The principal office where Adams Wealth Management LLC performs its advisory services is located at 1047 S. 100 W, Logan, UT 84321, 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 (435)752-1702 or by fax (435)214-4461. The normal business hours are 8:30 a.m. - 4:30 p.m on Monday - Friday. You can find more information about the New York firm at adamswealthadvisors.com and its LinkedIn profile.