Keudell Morrison Wealth Management, LLC (Salem)

Name: Keudell Morrison Wealth Management, LLC
Address: 235 Front St. Se, Salem, OR, 97301
Telephone: (971) 209-4500

Keudell Morrison Wealth Management, LLC is a large advisory firm based in Salem. It manages $415 million of regulatory assets for 1,557 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Louisiana, Oregon, Texas, and Washington.

Keudell Morrison Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for approximately 605 clients. On top of advisory services, the firm doesn't engage in other business activities.

Keudell Morrison Wealth Management: assets under management

The assets under management (AUM) of Keudell Morrison Wealth Management, LLC is $415 million. The firm's AUM has gone down by -3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $351.71 million in discretionary accounts and $63.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $273.28 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $234.42 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 44% of the total AUM. The second-largest asset type is exchange traded securities, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 17% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Keudell Morrison Wealth Management, LLC for their services and products based on a percentage of assets under management. 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 Keudell Morrison Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Keudell Morrison Wealth Management is high net worth individuals with 101 clients and $252.55 million of assets under management. Among the 12 most similar advisory firms, Keudell Morrison Wealth Management has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $409.78 million for 593 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.

Keudell Morrison Wealth Management doesn't advise any private funds.

Careers at Keudell Morrison Wealth Management, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Andrew Morrison	Chief compliance officer, member	1 Jan 2012	25% - 50%	2827037
Larry Kevin Keudell	Member	1 Jan 2012	25% - 50%	1268240
Joel K Blount	Member	1 Jan 2012	Other	4480023
Stephanie Anne Smith	Member	1 Jan 2019	Other	2773880

Based in Salem

The principal office where Keudell Morrison Wealth Management, LLC performs its advisory services is located at 235 Front St. Se, Salem, OR 97301, 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 (971) 209-4500 or by fax (971) 209-4501. The normal business hours are 7:00 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at kmwm.com.