Kassouf Wealth Advisors, LLC (Birmingham)

Name: Kassouf Wealth Advisors, LLC
Address: 2101 Highland Avenue South, Birmingham, AL, 35205 4022
Telephone: 205-776-0100

Kassouf Wealth Advisors, LLC is a large advisory firm based in Birmingham. It manages $283.4 million of regulatory assets for 354 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Florida, Louisiana, and Texas.

Kassouf Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and publication of newsletters. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kassouf Wealth Advisors: assets under management

The assets under management (AUM) of Kassouf Wealth Advisors, LLC is $283.4 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 31% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $283.4 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $800.56 thousand each.

Kassouf Wealth Advisors has custody of $15.5 million in cash and securities for 16 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 93% of the total AUM. The second-largest asset type is exchange traded securities, which make up 3% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kassouf Wealth Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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 Kassouf Wealth Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Kassouf Wealth Advisors is high net worth individuals with 121 clients and $171.4 million of assets under management. Among the 7 most similar advisory firms, Kassouf Wealth Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $283.4 million for 272 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.

Kassouf Wealth Advisors doesn't advise any private funds.

Careers at Kassouf Wealth Advisors, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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 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
Jerry D Callahan	Member and chief compliance officer	1 Dec 1999	Other	4583694
David Paul Kassouf	Member	1 Dec 1999	25% - 50%	4583696
Gerard Joseph Kassouf	Managing member	1 Dec 1999	25% - 50%	4583697

Based in Birmingham

The principal office where Kassouf Wealth Advisors, LLC performs its advisory services is located at 2101 Highland Avenue South, Birmingham, AL 35205 4022, which is also the mailing address of the firm. An additional office of the firm is in Baton Rouge, LA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 205-776-0100 or by fax 205-776-0101. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at kassoufwealth.com.