Salient Friedman Wealth Management, LLC (San Rafael)

Name: Salient Friedman Wealth Management, LLC
Address: 750 Lindaro Street, San Rafael, CA, 94901
Telephone: 415-526-2900

Salient Friedman Wealth Management, LLC is a large advisory firm based in San Rafael. It manages $612.88 million of regulatory assets for 1,461 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of California.

Salient Friedman 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 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Salient Friedman Wealth Management: assets under management

The assets under management (AUM) of Salient Friedman Wealth Management, LLC is $612.88 million. The firm's AUM has grown by 15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $576.35 million in discretionary accounts and $36.53 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $452.75 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $194.33 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Salient Friedman Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, 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.

Careers at Salient Friedman Wealth Management, LLC

Gregory Hugh Friedman has been acting as President since 1 May 2009. Theo Alford Gallier has served as the Chief Investment Officer since 1 May 2009 and Richard Alan Stone is the Chief Executive Officer of Salient Friedman Wealth Management, LLC family office. Frank Joseph Jones joined the executive team most recently as the Investment Committee Chair.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Alan Stone	Chief executive officer	1 Sep 1983	Other	437398
Justin Karl Hult	Director of operations & chief compliance officer	1 May 2009	Other	2888652
Theo Alford Gallier	Direct owner/chief investment officer	1 May 2009	Other	1775296
Susan Diane Duvall Dickson	Chief operating officer	1 May 2009	Other	5238178
Salient Financial Corp	Direct owner	1 May 2009	50% - 75%	68-0002112
Inc. Wealth Management Advisors	Direct owner	1 May 2009	25% - 50%	68-0487223
Gregory Hugh Friedman	President	1 May 2009	Other	1929640
Frank Joseph Jones	Investment committee chair	1 Oct 2009	Other	1358943

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Richard Alan Stone	Owner	1 May 2009	75% - 100%	437398

Based in San Rafael

The principal office where Salient Friedman Wealth Management, LLC performs its advisory services is located at 750 Lindaro Street, San Rafael, CA 94901, which is also the mailing address of the firm. An additional office of the firm is in Novato, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-526-2900 or by fax 415-459-3956. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at www.salientfinancial.com.