Redrock Wealth Management LLC (Las Vegas)

Name: Redrock Wealth Management LLC
Address: 9484 W Flamingo Rd. #205, Las Vegas, NV, 89147
Telephone: 702-987-1607

Redrock Wealth Management LLC is a large advisory firm based in Las Vegas. It manages $123.6 million of regulatory assets for 177 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Nevada and Texas.

Redrock Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and pension consulting services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Redrock Wealth Management: assets under management

The assets under management (AUM) of Redrock Wealth Management LLC is $123.6 million. The firm's AUM has grown by 181% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $116.2 million in discretionary accounts and $7.4 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $675.58 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.48 million.

Investments

The firm invests in investment and business development companies the most. They account for 91% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 5% of the firm’s portfolio. Investments in investment grade corporate bonds form 4% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Redrock Wealth Management is high net worth individuals with 38 clients and $62.3 million of assets under management. Among the 12 most similar advisory firms, Redrock Wealth Management has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $123.6 million for 177 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.

Redrock Wealth Management doesn't advise any private funds.

Careers at Redrock Wealth Management LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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 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
Gregory David Phelps	Managing member & chief compliance officer	1 Apr 2005	75% - 100%	2615524
Jeremy Thomas Murray	Owner & investment adviser representative	1 Jan 2018	Other	6070468

Based in Las Vegas

The principal office where Redrock Wealth Management LLC performs its advisory services is located at 9484 W Flamingo Rd. #205, Las Vegas, NV 89147, which is also the mailing address of the firm. An additional office of the firm is in Henderson, NV. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 702-987-1607 or by fax 866-850-0922. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at finacuity.com and its LinkedIn profile.