Wealth manager, independent · Memphis, TN
Red Door Wealth Management, LLC
SEC-registered investment adviser · CRD 153235 · SEC 801-79374
At a glance
Red Door Wealth Management, LLC is an SEC-registered investment adviser based in Memphis, Tennessee, with $3.1B in regulatory assets under management as of its Form ADV filed July 31, 2026. It reports 929 individual clients, 428 of them high-net-worth, holding an average of about $3.1 million each, and 19 employees. That ranks it 347th among the nation’s 5,657 independent wealth management RIAs and 3rd of 102 in Tennessee. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 901-681-0018reddoorwealth.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $3.1B
- Rank among independent wealth managers
- #347 of 5,657
- Rank among all SEC RIAs
- #2,780 of 17,210
- Rank in Tennessee
- #3 of 102
- Individual clients
- 929
- High-net-worth clients
- 428
- Accounts
- 4,471
- Discretionary
- 68% of AUM
- Employees
- 19
- Advisory staff
- 10
- Offices
- 1
Owners and executives on its Form ADV
- John PhillipsChief Investment Officer/chief Compliance Officer
- William F. HiattMember
- Judson W. CannonMember
- Douglas B. WrightMember
- William D. AllenMember
- John C. GiovannettiMember
- Peyton W. KlawinskiMember
- Christopher C WilliamsonMember
- Celeste D. PryorMember
- Allen BobangoMember
Custody and brokerage
Broker-dealer
No broker-dealer ties
Red Door Wealth Management, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 428 | $2.7B | 87% |
| Individuals | 501 | $188M | 6% |
| Pooled investment vehicles | 7 | $133M | 4% |
| Pension and profit sharing plans | 19 | $84M | 3% |
Private funds
Red Door Wealth Management, LLC reports 8 private funds with $138M in gross assets: hedge funds, private equity funds, venture capital funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Red Door Wealth Management, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Pension consulting
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗reddoorwealth.com ↗
AtlasMembers
The full record on Red Door Wealth Management, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 1,331 peers of its type and size
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- Owners and executives, with titles and stakes
- 10 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Tennessee
All of Tennessee →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Sagespring Wealth PartnersFranklin | $8.5B | 11,558 |
| The Pacific Financial Group, Inc.Nashville | $5.1B | 16,818 |
| Legacy Wealth Management, LLCMemphis | $2.7B | 1,460 |
| Rather & Kittrell, Inc.Knoxville | $2.3B | 982 |
| Capwealth Advisors, LLCFranklin | $2.0B | 1,407 |
| Woodmont Investment Counsel, LLCNashville | $2.0B | 437 |
Background
Questions
How much does Red Door Wealth Management, LLC manage?
Red Door Wealth Management, LLC reports $3.1B in regulatory assets under management across 4,471 accounts, 68% of it on a discretionary basis, on its Form ADV filed July 31, 2026.
How many clients does Red Door Wealth Management, LLC have?
It reports 929 individual clients: 428 high-net-worth individuals and 501 other individuals. Individuals account for about 93% of its regulatory assets.
Where is Red Door Wealth Management, LLC headquartered?
Its main office is in Memphis, Tennessee. It reports 1 office in total and 19 employees, 10 of whom perform investment advisory functions.
How does Red Door Wealth Management, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees; performance-based fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Red Door Wealth Management, LLC use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed July 31, 2026, it reports these amounts held: Charles Schwab ($2.0B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Red Door Wealth Management, LLC a hybrid RIA with a broker-dealer?
Red Door Wealth Management, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Red Door Wealth Management, LLC a fiduciary?
As an SEC-registered investment adviser, Red Door Wealth Management, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Red Door Wealth Management, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-31), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →