Kingsbridge Wealth Management, Inc. (Las Vegas)

Kingsbridge Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kingsbridge Wealth Management: assets under management

The assets under management (AUM) of Kingsbridge Wealth Management, Inc. is $204.14 million. The firm's AUM has grown by 83% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $188.77 million in discretionary accounts and $15.37 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $869.91 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.54 million.

Kingsbridge Wealth Management has custody of $16.76 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 40% of the total AUM. The second-largest asset type is state and local bonds, which make up 30% of the firm’s portfolio. Investments in pooled investment vehicles form 25% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kingsbridge Wealth Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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.

What kind of clients David James Dunn serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of David James Dunn is high net worth individuals with 30 clients and $148.31 million of assets under management. Among the 7 most similar advisory firms, Kingsbridge Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $187.12 million for 34 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.

Kingsbridge Wealth Management also advises several private funds. Namely, one hedge fund and four venture capital funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Kingsbridge Wealth Management, Inc.

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 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.

David James Dunn has been acting as President since 1 Sep 2012. Kerri Lynn Dunn joined the executive team most recently as the Vice President And Chief Compliance Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 2 indirect owners.

Based in Las Vegas

The principal office where Kingsbridge Wealth Management, Inc. performs its advisory services is located at 1140 N. Town Center Drive, Las Vegas, NV 89144 The mailing address of the firm is Po Box 370938, Las Vegas, NV 89137 0938. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 702-947-5160 or by fax 866-526-1050. The normal business hours are 9:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at kwm.us.com.

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