Wealth manager, independent · LOS Angeles, CA
Salem Partners Wealth Management, LLC
SEC-registered investment adviser · CRD 131359 · SEC 801-63354
At a glance
Salem Partners Wealth Management, LLC is an SEC-registered investment adviser based in LOS Angeles, California, with $1.5B in regulatory assets under management as of its Form ADV filed March 31, 2026. It reports 46 individual clients, 46 of them high-net-worth, holding an average of about $33 million each, and 8 employees. That ranks it 732nd among the nation’s 5,657 independent wealth management RIAs and 88th of 714 in California. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 310-806-4200salempartners.comAs filed on Form ADV
- Regulatory AUM
- $1.5B
- Rank among independent wealth managers
- #732 of 5,657
- Rank among all SEC RIAs
- #4,262 of 17,210
- Rank in California
- #88 of 714
- Individual clients
- 46
- High-net-worth clients
- 46
- Accounts
- 220
- Discretionary
- 100% of AUM
- Employees
- 8
- Advisory staff
- 3
- Offices
- 2
Owners and executives on its Form ADV
- Stephen M. ProughFounder
- John H. DyettFounder
- Goli N. KamangarCOO, CCO
- William B. WittePresident
- Erik D RidgleyCEO, CIO
Custody and brokerage
Broker-dealer
Hybrid RIA
Salem Partners Wealth Management, LLC is a hybrid RIA: 5 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Salem Partners, LLC.
- Salem Partners, LLC ↗CRD 43363
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, April 2026
Its Form ADV brochure (filed March 2026) names Salem Partners as the broker-dealer its advisers are registered with.
Item 10 – Other Financial Industry Activities and Affiliations SPWM’s principal executive officers, Stephen Prough, and John Dyett, are Members a nd registered representatives of Salem Partners, LLC, a FINRA registered broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 46 | $1.5B | 100% |
| Other | 3 | $0M | <1% |
Disciplinary disclosures
Salem Partners 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
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗salempartners.com ↗
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- Assets, accounts, clients and staff, ten years of filings
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- 5 namedLocked
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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 California
All of California →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Benefit Financial Services GroupIrvine | $1.5B | 861 |
| Tamar Securities, LLCWoodland Hills | $1.5B | 4,198 |
| Compak Asset ManagementNewport Beach | $1.5B | 1,734 |
| Quantum Financial Advisors, LLCSanta Monica | $1.5B | 451 |
| Apriem AdvisorsIrvine | $1.5B | 1,060 |
| Eclectic Associates, Inc.Fullerton | $1.5B | 1,207 |
Background
Questions
How much does Salem Partners Wealth Management, LLC manage?
Salem Partners Wealth Management, LLC reports $1.5B in regulatory assets under management across 220 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
How many clients does Salem Partners Wealth Management, LLC have?
It reports 46 individual clients: 46 high-net-worth individuals and 0 other individuals. Individuals account for about 100% of its regulatory assets.
Where is Salem Partners Wealth Management, LLC headquartered?
Its main office is in LOS Angeles, California. It reports 2 offices in total and 8 employees, 3 of whom perform investment advisory functions.
How does Salem Partners Wealth Management, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Salem Partners 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 March 31, 2026, it reports these amounts held: Charles Schwab ($67M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Salem Partners Wealth Management, LLC a hybrid RIA with a broker-dealer?
Salem Partners Wealth Management, LLC is a hybrid RIA: 5 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Salem Partners, LLC. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Salem Partners Wealth Management, LLC a fiduciary?
As an SEC-registered investment adviser, Salem Partners Wealth Management, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 5 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Salem Partners 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 (2026-03-31), 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 →