Acima Private Wealth LLC (Richmond)

Name: Acima Private Wealth LLC
Address: 1801 Bayberry Court, Richmond, VA, 23226
Telephone: (804) 422-8450

Acima Private Wealth LLC is a large advisory firm based in Richmond. It manages $184.89 million of regulatory assets for 58 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Delaware, Texas, and Virginia.

Acima Private Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Acima Private Wealth: assets under management

The assets under management (AUM) of Acima Private Wealth LLC is $184.89 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 3598% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $184.89 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.19 million each.

Acima Private Wealth has custody of $104.9 million in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 62% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Acima Private Wealth LLC for their services and products based on a percentage of assets under management. 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 Acima Private Wealth serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Acima Private Wealth is high net worth individuals with 24 clients and $180.46 million of assets under management. Among the 9 most similar advisory firms, Acima Private Wealth has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $182.4 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.

Acima Private Wealth doesn't advise any private funds.

Careers at Acima Private Wealth LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 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.

Ardavan Mobasheri has served as the Chief Investment Officer since 1 Mar 2016. Matthew Tyler Williams joined the executive team most recently as the Chief Compliance Officer / Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gary Mitchell Gore	President & chief executive officer	1 May 2015	75% - 100%	5268386
Ardavan Mobasheri	Chief investment officer	1 Mar 2016	Other	2158447
Theresa Ann Muller	Chief compliance officer	1 Apr 2016	Other	5853117
Wealth Project Llc	Member	1 May 2016	Other	81-2662118
Matthew Tyler Williams	Chief compliance officer / vice president	1 Jun 2018	Other	5540567

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Edwin Claiborne Robins	Member manager	1 May 2016	75% - 100%	6653860
E. Claiborne Robins	Member manager	1 May 2016	75% - 100%	6653860

Based in Richmond

The principal office where Acima Private Wealth LLC performs its advisory services is located at 1801 Bayberry Court, Richmond, VA 23226, 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 (804) 422-8450 or by fax (804) 285-1835. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at acimaprivatewealth.com and its LinkedIn profile.