Red Door Wealth Management

Financial Advisor in Memphis, TN

Firm Info
Address: 756 Ridge Lake Blvd, Memphis, TN 38120, USA
Phone: (901) 681-0018

Firm Size
Assets Under Management: $1.2 billion
# of Advisors: 7
# of Clients: 1,985
Client to Advisor Ratio: 284:1
Average Account Size: $598,464
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Pension Consulting Services
  • Other

Types of Clients
  • Individuals (Not High Net Worth)
  • Individuals High Net Worth

    *>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth

  • Pooled Investment Vehicles
  • Pension & Profit Sharing Plans

Available Fee Structures
  • Percentage of Assets Under Management (AUM)
  • Fixed Fees (Other than subscription)
  • Performance-based Fees

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Red Door Wealth Management, LLC Overview

Red Door Wealth Management, LLC is a fee-only registered investment advisory firm based in Memphis, TN. Established in 2014, the firm has spent nearly a decade providing individuals and small businesses with investment advice and portfolio management services. The firm operates on a fee-only basis, meaning it receives compensation solely through fees paid directly by clients, thus avoiding potential conflicts of interest that can arise with commissioned-based compensation arrangements. Red Door Wealth Management's portfolio management services include financial planning, pension consulting services, and advisory consulting services. The firm's financial planning services are designed to help clients plan and manage their finances, including establishing and prioritizing financial goals, developing a financial plan, and ongoing monitoring and adjustment to financial strategies. The pension consulting services offered by the firm help clients navigate the complexities of pension planning and management, including identifying appropriate investment options and managing risk. Red Door Wealth Management also offers family office and wealth planning services, which help high-net-worth individuals and families manage and transfer their wealth. Advisory consulting services, which the firm also provides, involve partnering with clients to identify and execute specific investment strategies based on their unique goals and needs. Overall, Red Door Wealth Management's commitment to fee-only, investment advice-only services positions it as a trusted partner for clients seeking objective, unbiased financial advice.

RED DOOR WEALTH MANAGEMENT, LLC is a financial management firm that caters to a diverse range of clients. Their services are available to individuals, high net worth individuals, pooled investment vehicles, and pension or profit sharing plans. RED DOOR WEALTH MANAGEMENT, LLC delivers customized investment solutions to suit the unique needs of each client. They provide advice on the management of assets and financial planning. RED DOOR WEALTH MANAGEMENT, LLC provides a range of fee structures depending on the service provided. Clients have the option of a percentage of AUM (assets under management) which is a fee calculated as a percentage of assets managed by the firm. Fixed fees are also available. Performance-based fees can be charged based on the achieved results when the agreements define specific performance metrics. The firm is flexible in its fee structures, providing its clients with a range of options so that they can choose what best suits their needs. RED DOOR WEALTH MANAGEMENT, LLC strives to be transparent when discussing fees with clients to ensure there are no surprises.

Typical Clients, Fee Structures & Investment Minimum

According to RED DOOR WEALTH MANAGEMENT, LLC's Part 2 Brochure, they do not require a minimum dollar amount to open and maintain an advisory account. Therefore, there is no investment minimum mentioned in their brochure.

How This Office Can Help Memphis, TN Residents

Red Door Wealth Management is dedicated to helping clients in Memphis, TN navigate their unique financial situations. One challenge that many people in Memphis face is planning for retirement. With changes to pensions and uncertainty around Social Security, it can be difficult to know how much savings is enough for a comfortable retirement. Red Door Wealth Management takes a comprehensive approach to retirement planning, taking into account a client's current investments, potential streams of income, and future expenses. They work with clients to create a solid retirement plan that meets their specific needs and goals. Another financial challenge that many Memphians face is managing debt. Whether it’s credit card debt, student loans, or a car loan, debt can be overwhelming and stressful. Red Door Wealth Management can help clients develop a plan to pay off their debt while also setting aside funds for savings or investments. They can also provide guidance on debt consolidation and other strategies for managing debt effectively. Overall, Red Door Wealth Management is committed to helping clients in Memphis, TN achieve financial stability and security, no matter what challenges they may be facing.

To view the Minimum Investment and Fee Schedule for Red Door Wealth Management, LLC, visit their Part 2 Brochure.

Services Offered by Red Door Wealth Management, LLC

Core Advisor Services
Financial Planning

Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.

Portfolio Management for Individuals & Small Businesses

Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.

Market Timing Services

Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.

Other Services
Selection of Other Advisors

The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.

Publication of Periodicals or Newsletters

The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.

Educational Seminars & Workshops

The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.


Fee Structures

Financial advisory fees usually are based on the services provided. Fee types charged by Red Door Wealth Management, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available
Percentage of Assets Under Management (AUM)
Fixed Fees (Other than subscription)
Performance-based Fees
Unavailable
Hourly
Subscription (Newsletter or Periodical)
Commissions
Other

Types of Clients

*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.


This Office Location

Firm location 756 Ridge Lake Blvd, Memphis, TN 38120, USA
Phone (901) 681-0018
Directions
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Other Office Locations

This firm has no other locations.

State Registrations

Red Door Wealth Management, LLC is registered to service clients in the following states:

  • Alabama
  • Arkansas
  • California
  • Colorado
  • Florida
  • Georgia
  • Louisiana
  • Mississippi
  • Nevada
  • North Carolina
  • Tennessee
  • Texas
  • Wisconsin

Disciplinary History

Red Door Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.