Crestmont Private Wealth LLC (Lakeway)

Name: Crestmont Private Wealth LLC
Address: 13215 Bee Cave Parkway, Lakeway, TX, 78738
Telephone: 512-851-1101

Crestmont Private Wealth LLC is a large advisory firm based in Lakeway. It manages $129.18 million of regulatory assets for 309 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Louisiana and Texas.

Crestmont Private Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Crestmont Private Wealth: assets under management

The assets under management (AUM) of Crestmont Private Wealth LLC is $129.18 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $117.54 million in discretionary accounts and $11.64 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $473.95 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $190.89 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 64% of the total AUM. The second-largest asset type is investment and business development companies, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Crestmont Private Wealth 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 Crestmont Private Wealth serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Crestmont Private Wealth is high net worth individuals with 58 clients and $122.78 million of assets under management. Among the 9 most similar advisory firms, Crestmont Private Wealth has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $127.91 million for 78 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.

Crestmont Private Wealth doesn't advise any private funds.

Careers at Crestmont Private Wealth 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
Samuel Sean Mcgee	Manager, chief compliance officer, ceo, cio, designated officer	1 May 2019	75% - 100%	4551147
Christopher Lee Perego	Coo, portfolio manger, asst compliance officer	1 May 2019	Other	4007830

Based in Lakeway

The principal office where Crestmont Private Wealth LLC performs its advisory services is located at 13215 Bee Cave Parkway, Lakeway, TX 78738, which is also the mailing address of the firm. An additional office of the firm is in Houston, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 512-851-1101. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at crestmontpw.com and its LinkedIn profile.