Rhame & Gorrell Wealth Management, LLC (The Woodlands)

Name: Rhame & Gorrell Wealth Management, LLC
Address: 1330 Lake Robbins Drive, The Woodlands, TX, 77380
Telephone: (832) 789-1100

Rhame & Gorrell Wealth Management, LLC is a large advisory firm based in The Woodlands. It manages $329.68 million of regulatory assets for 861 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Louisiana, New Hampshire, and Texas.

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

Rhame & Gorrell Wealth Management: assets under management

The assets under management (AUM) of Rhame & Gorrell Wealth Management, LLC is $329.68 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 36% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $329.68 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $382.91 thousand each.

Rhame & Gorrell Wealth Management has custody of $329.68 million in cash and securities for 311 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 69% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Rhame & Gorrell 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 Rhame & Gorrell Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Rhame & Gorrell Wealth Management is high net worth individuals with 111 clients and $256.07 million of assets under management. Among the 11 most similar advisory firms, Rhame & Gorrell Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $329.68 million for 311 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.

Rhame & Gorrell Wealth Management doesn't advise any private funds.

Careers at Rhame & Gorrell Wealth Management, LLC

The company employs 10 people that are either part- or full-time employees. 40 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Don Edward Gilbert	Chief compliance officer	1 Apr 2016	Other	1090366
Jeffrey Glynn Rhame	Managing member	1 Apr 2016	50% - 75%	2516452
Michael Robert Gorrell	Managing member	1 Apr 2016	25% - 50%	803135
Roland Luciano Thornton	Chief compliance officer	1 Jan 2017	Other	2938870

Based in The Woodlands

The principal office where Rhame & Gorrell Wealth Management, LLC performs its advisory services is located at 1330 Lake Robbins Drive, The Woodlands, TX 77380, which is also the mailing address of the firm. An additional office of the firm is in Santa Barbara, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (832) 789-1100 or by fax (832) 789-1110. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at rgwealth.com.