Smooth River Wealth Management (Las Vegas)

Smooth River Wealth Management is a large advisory firm based in Las Vegas. It manages $114.69 million of regulatory assets for 53 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Nevada.

Smooth River Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Smooth River Wealth Management: assets under management

The assets under management (AUM) of Smooth River Wealth Management is $114.69 million. The firm's AUM has gone down by -4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $105.79 million in discretionary accounts and $8.9 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.86 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $556.37 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 40% of the firm’s portfolio. Investments in investment and business development companies form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Smooth River Wealth Management for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Smooth River Wealth Management

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Smooth River Wealth Management is owned by Maston Taylor Thornton. Carlos Mungaray joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Maston Taylor Thornton	Owner	1 Mar 2018	75% - 100%	4189730
Carlos Mungaray	Chief compliance officer	1 Mar 2018	Other	5105099
Maston Taylor Thornton	Owner & ceo	1 Apr 2018	75% - 100%	4189730

Based in Las Vegas

The principal office where Smooth River Wealth Management performs its advisory services is located at 3910 Pecos Mcleod Blvd, Las Vegas, NV 89121, 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 (702) 487-6440. The normal business hours are by appointment on Other.