Red Door Wealth Management is a financial advisor firm located in Memphis, Tennessee. The firm works mostly with non-high-net-worth and high-net-worth individuals, but it also advises several pension plans and pooled investment vehicles.
The firm was founded in 2010 by four of its advisors, and it has since grown to offer investment advisory services to hundreds of clients. Red Door Wealth Management provides a range of advisory, planning and consulting services to its clients, tailoring everything to each client’s objectives and preferences.
Red Door Wealth Management Background
Red Door Wealth Management was founded in 2010 by Fred Hiatt, John Phillips V, Doug Wright and Jud Cannon. All four founders are still current owners. William Allen and John C. Giovannetti are also owners. The firm works with each client to establish a portfolio, financial plan or retirement plan that makes sense for that client’s timeline, financial goals and risk tolerance.
Red Door Wealth Management Client Types and Minimum Account Sizes
Red Door Wealth Management works with individuals, high net worth individuals and pension and profit-sharing plans. It also serves a number of pooled investment vehicles. Generally, Red Door Wealth Management doesn’t maintain an account minimum for advisory accounts.
Services Offered by Red Door Wealth Management
Red Door Wealth Management offers the following range of advisory and consulting services to its clients:
- Portfolio management services
- Financial planning services
- Retirement planning
- Estate planning
- Education planning
- Charitable gift planning
- Insurance needs analysis
- Advisory consulting services
- Family office and wealth planning services
- Cash flow management
- Tax minimization strategies
- Pension consulting services
Red Door Wealth Management Investment Philosophy
When analyzing securities, Red Door Wealth Management uses a mix of technical analysis, fundamental analysis and modern portfolio theory. The firm primarily recommends a mix of exchange-traded funds (ETFs), mutual funds, stocks, bonds, option contracts, certificates of deposit (CDs), U.S. government securities, real estate limited partnerships, money market funds, real estate, and real estate investment trusts ("REITs").
Fees Under Red Door Wealth Management
Red Door Wealth Management charges fees for asset management services according to the following fee schedule. These fees are billed and paid quarterly in arrears.
| Fee Schedule for Managed Accounts* | |
| Assets Under Management | Fee Rate |
| Under $1,000,000 | 1.25% |
| $1,000,000 - $2,000,000 | 0.75% |
| Over $2,000,000 | 0.50% |
Financial planning fees are generally negotiable and usually are between $1,000 and $20,000. The first half of the fee is due in advance, and the other half will be due after the plan has been completed. The table below shows how Red Door Wealth Management's fees come out in actual dollar amounts. Remember that these are only estimates and actual fees may vary.
| *Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount. | |
| Estimated Investment Management Fees at Red Door Wealth Management* | |
| Your Assets | Red Door Wealth Management Fee Amounts |
| $500K | $6,250 |
| $1MM | $7,500 |
| $5MM | $25,000 |
| $10MM | $50,000 |
What to Watch out For
There are no disclosures present on Red Door Wealth Management's SEC-filed Form ADV.
Opening an Account With Red Door Wealth Management
To start the process with Red Door Wealth Management, you can get in touch in a number of ways. You can call the office or send an email. If you prefer to do things in person, you can also stop by the office on Ridge Lake Boulevard.
All information is accurate as of the writing of this article.
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