Lefavi Wealth Management, Inc. (Salt Lake City)

Name: Lefavi Wealth Management, Inc.
Address: 2323 Foothill Dr., Suite 100, Salt Lake City, UT, 84109
Telephone: 801-486-9000

Lefavi Wealth Management, Inc. is a large advisory firm based in Salt Lake City. It manages $302.88 million of regulatory assets for 1,848 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, California, Florida, and 9 other states.

Lefavi Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lefavi Wealth Management: assets under management

The assets under management (AUM) of Lefavi Wealth Management, Inc. is $302.88 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -10% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $302.88 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $163.9 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 76% of the total AUM. The second-largest asset type is other assets, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lefavi Wealth Management, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Bruce Anthony Lefavi serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Bruce Anthony Lefavi is individuals with 656 clients and $233.09 million of assets under management. Among the 11 most similar advisory firms, Lefavi Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $299.75 million for 688 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.

Lefavi Wealth Management doesn't advise any private funds.

Careers at Lefavi Wealth Management, Inc.

The company employs 9 people that are either part- or full-time employees. 56 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.

Bruce Anthony Lefavi has been acting as President since 1 Nov 1984. Christopher William Light joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bruce Anthony Lefavi	President	1 Nov 1984	75% - 100%	1064893
Michelle Dawn France	Chief compliance officer	1 Jun 2012	Other	2780321
Bruce Anthony Lefavi	Cco	1 Mar 2013	75% - 100%	1064893
Sherrie Anne Bakelar	Chief compliance officer	1 Mar 2014	Other	6101408
Maria Del Carmen Alderete	Chief operations officer	1 Aug 2014	Other	6101404
Christopher William Light	Vice president	1 Aug 2016	Other	5000150
Shane Samuel Schut	Vice president	1 Aug 2016	Other	6429791
John David Jaicks	Vice president	1 Aug 2016	Other	2100233
Joel David Slatter	Senior adviser	1 Aug 2016	Other	4737214

Based in Salt Lake City

The principal office where Lefavi Wealth Management, Inc. performs its advisory services is located at 2323 Foothill Dr., Suite 100, Salt Lake City, UT 84109, 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 801-486-9000 or by fax 801-486-9058. The normal business hours are 8:00 am - 5:00pm on Monday - Friday. You can find more information about the New York firm at lefavi.com.